The bulls are currently attempting to rise back above the 50-day SMA. A breakout of the moving averages can result in a rally to $320.840.Conversely, if the ETH/USD pair reverses direction from the 50-day SMA or the 20-day EMA, it can correct to the next support at $226.58.
LTC/USDLitecoin is attempting to hold the support line of the ascending channel.
If the recovery stalls at $111.8994 or close to the 20-day EMA, bears will attempt to sink the LTC/USD pair below the support line of the channel.
If successful, the next support is way lower at $66. On the other hand, if bulls scale the pair above the moving averages, a rally to $140.3450 and above it to the resistance line of the channel is likely.
BCH/USDBitcoin Cash plunged below the support line of the channel on July 11.
If the price fails to rise into the channel, the BCH/USD pair is likely to correct to $280. If this support also cracks, the next level to watch on the downside is $227.70.EOS/USDEOS is attempting to hold the $4.4930-$3.8723 support zone.
Contrary to our assumption, if the bears sink the EOS/USD pair below the support zone, it can drop to $2.20.BNB/USDBinance Coin has bounced off the critical support at $28.7168.
The price is currently attempting to take support closer to $152.015, which is the 50% retracement level of the recent rally.
If the price bounces off the support, it will attempt to climb back above $172.910.
If the support at $152.015 cracks, the next support is way lower at $134.360.
Price Analysis 12/07: BTC, ETH, XRP, LTC, BCH, EOS, BNB, BSV, TRX, XLM
gepubliceerd op Jul 12, 2019
by Cointele | gepubliceerd op Coinage
Coinage
Vermeld in dit artikel
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.