Price Analysis 05/07: BTC, ETH, XRP, LTC, BCH, EOS, BNB, BSV, TRX, ADA

gepubliceerd op by Cointele | gepubliceerd op

Vermeld in dit artikel
Bitcoin
57,763.12
USD
-2,357.73
-4.082 %
Ethereum
2,959.39
USD
-21.45
-0.725 %
BNB
556.23
USD
-21.28
-3.825 %
XRP
0.52
USD
+0.02
+3.345 %
Cardano
0.45
USD
+0.01
+2.503 %
TRON
0.12
USD
+0.00
+0.835 %
Bitcoin Cash
418.38
USD
-12.32
-2.945 %
Litecoin
79.53
USD
+0.49
+0.618 %
Currently, the slope on both the moving averages is gradually flattening out and the RSI is just above the midpoint.

The next support is at $225. On the other hand, if the bulls push the price above $303, it can move up to the overhead resistance of $320.840 and above it to $366. We like the way the cryptocurrency has held above the 50-day SMA in this pullback.

Contrary to our assumption, if bulls defend the support at $0.37835, the XRP/USD pair will again attempt to rise above the moving averages.

A breakout can carry the price to $0.450 and above it to $0.5050.

If bulls hold $28.7168 and push the price above the 20-day EMA, a rally to $39.5941 is probable.

As long as the price stays above the uptrend line, we remain positive on the cryptocurrency and will suggest long positions if a new buy set up forms.

For the past two days, the bulls have been trying to scale above the 20-day EMA. If successful, a move to $226 and above it to $255.620 is possible.

If the BSV/USD pair fails to rise above the 20-day EMA, it can drop to the 50-day SMA and below it to the support of the range at $172.910.

If the TRX/USD pair climbs above 20-day EMA, it can recover to $0.0356985, above which a rally to $0.040 is probable.

If the ADA/USD rebounds from the support zone, the bulls will attempt to push it above the moving averages.

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