Positional traders can wait for the price to sustain above $9,080 before initiating any long positions.
If the bulls push the price above the moving averages, a rally to $203.708 and above it to $235.70 is possible.
XRP/USD. XRP has been holding above $0.24508 for the past three days, which is a positive sign.
Conversely, if the bulls push the price above the range, a pullback to the neckline of the head and shoulders pattern is likely, which is an important resistance.
Until the price scales above the downtrend line, the risk of another leg down remains.
If the bulls can push the price above the downtrend line, it will signal the end of the downtrend.
We will wait for the price to sustain above the downtrend line before recommending a trade in it.
Contrary to our assumption, if the bulls push the price above the overhead resistance of $16.4882 and the 20-day EMA, it will signal cherry-picking by long-term investors.
If the price breaks out and closes above the 50-day SMA, a rally to $0.088708 is possible.
LEO/USD. The failure of the bulls to sustain the price above $1.0467 on Oct. 2 is a negative sign.
Price Analysis 04/10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, LEO
gepubliceerd op Oct 4, 2019
by Cointele | gepubliceerd op Coinage
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