As long as the price remains above $9,080, the pair is on target to make new yearly highs.
If buyers push the price above the 20-day EMA, it will be the first sign that demand is not drying up at higher levels.
If the bulls fail to scale the price above the 20-day EMA once again, we expect bears to sell aggressively and try to break down of the recent lows at $0.225.
If the bulls push the price above $360, we anticipate a move to $428.54 and above it to $515.35.
We might suggest long positions after watching the price action closer to $360.Contrary to our assumption, if the bears defend the moving averages, the BCH/USD pair might again slide to the neckline.
If the price turns down from the 20-day EMA or the 50-day SMA and breaks below $69.9227, it can fall to $49.3305, which is the 78.6% Fibonacci retracement level.
A break below this level will be a huge negative that can drag the price to $2.20.However, if bulls can push the price above both moving averages, the EOS/USD pair can move up to $4.8719.
If bulls can propel the price above the moving averages, the cryptocurrency can rally to $98.2939.A breakout of the range can carry the price to $120. There is a minor resistance at $107, but we expect it to be crossed.
Conversely, if the XMR/USD pair turns down from the current levels, it might dip back to the support of the range at $72. A break below the support will be a bearish sign that can drag the price to $60. The price action inside the range can be volatile we remain neutral on the pair.
Bulls have failed to push the price back above $0.072545.
Price Analysis 19/08: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XMR, XLM
gepubliceerd op Aug 19, 2019
by Cointele | gepubliceerd op Coinage
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