ETH/USDEther bounced off $333.039 on Oct. 7 and the bulls are currently attempting to sustain the price above the downtrend line.
If the bulls can push and close the price above the horizontal resistance at $0.26, XRP will complete an inverse head and shoulders pattern.
BCH/USDBitcoin Cash broke above the downtrend line and the 20-day EMA on Oct. 8, and the bulls are now trying to propel the price above the overhead resistance at $242.BCH/USD daily chart.
If the bulls can push the price above the triangle, the BNB/USD pair could rally to $33.3888.However, if the price turns down from the resistance line and breaks below the triangle, a drop to $22 is possible.
If the bulls can now push the price above the 20-day EMA the altcoin could move up to $4.6112.DOT/USD daily chart.
If the momentum picks up and the bulls drive the price above $4.6112, the DOT/USD pair could move up to $5.5899.However, the bears are unlikely to give up easily.
The LINK/USD pair has risen above the 20-day EMA and the bulls will now try to push the price above the downtrend line and the horizontal resistance at $11.1990.If they succeed, it will suggest a likely change in trend and the first target on the upside is $13.28 and then $17.7777.However, if the pair turns down from the downtrend line, the bears will make another attempt to sink the price to the critical support at $6.90.CRO/USDCrypto.com Coin has formed a descending triangle, but the bears have not been able to sink the price below the $0.144743 support.
If the bulls can propel the price above the downtrend line, the bearish setup will be invalidated and that could result in a move to the 50-day SMA and above it to $0.171541.
If the bulls can push the price above the downtrend line, a rally to $51 is possible.
A break above this resistance will be a huge positive that may result in a new uptrend that could lead the price to $64.BSV/USDBitcoin SV has once again risen above the 20-day EMA, but it may face resistance at the 50-day SMA and then at $179.473.
Price analysis 10/9: BTC, ETH, XRP, BCH, BNB, DOT, LINK, CRO, LTC, BSV
gepubliceerd op Oct 9, 2020
by Cointele | gepubliceerd op Coinage
Coinage
Recent nieuws
Alles zien
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.