Traders can keep the stop loss on the long position at $0.24.Contrary to our assumption, if the price rebounds off the 50-day EMA, the bulls will again attempt to break out of $0.31491.
If the price bounces off the 20-day EMA, the bulls will again attempt to push the price to $360. Nonetheless, if the bears sink the price below the 20-day EMA, the BCH/USD pair will turn negative.
The price has pulled back to the 20-day EMA, which is gradually sloping up.
If the price rebounds off the 20-day EMA, the bulls will attempt to extend the recovery and carry the LTC/USD pair to $80.2731.
If the price bounces off the 20-day EMA, the buyers will attempt to push the price to $4.8719.
Our bullish view will be invalidated if the bears sink the price below the 50-day SMA. Therefore, traders can keep the stop loss on the long positions at $2.95.BNB/USDThe bulls have not been able to propel Binance Coin above $21.2378 for the past few days.
If the price bounces off the 20-day EMA, the bulls will again attempt to reach $155.38.
If bears sustain the price below the 20-day EMA, a deeper correction is likely.
Profit booking at the resistance has dragged the price to the 20-day EMA, which should have triggered the trailing stop loss.
If the price slips below the 20-day EMA, a dip to the 50-day SMA is likely.
Price Analysis 08/11: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX
gepubliceerd op Nov 8, 2019
by Cointele | gepubliceerd op Coinage
Vermeld in dit artikel
Why Bitcoin traders are considering a bigger drop as BTC price falls 30% in past month
The Bitcoin price has fallen by nearly 30 percent since rising to as high as $10,600 in October.
Proof of History is the latest consensus model, but how does it compare to its predecessors?
Surely the greatest irony in the blockchain space is that there has never been any agreement on "The best" consensus model.
Crypto community divided over why the Lightning Network hasn't seen more adoption
Despite being seen as a cure for all Bitcoin's problems, the Lightning Network is yet to see major adoption and has recorded less than impressive network stats this year.
Charles Hoskinson says balance check was an overwhelming success
The long-awaited balance snapshot for Cardano's Shelley incentivized testnet was an overwhelming success.