Even though the bulls have not been able to break above the $10,000-$10,500 resistance zone, the BTC to USD pair has been trading near the resistance levels, which suggests that the bulls are in no urgency to close their positions.
The 20-day EMA has turned up and the RSI has risen above the 60 level, which suggests that bulls are making a comeback.
Conversely, if the bulls can push the price above the overhead resistance at $245.49, a rally to $260 and then to $280.47 is likely.
ADA/USDThe pullback to the breakout level of $0.11 was purchased aggressively by the bulls, which is a huge positive.
If the bulls can push the price above $0.1380977, the uptrend is likely to resume.
A break below $170 will signal weakness and could result in a drop to $146.20.Conversely, if the bulls propel the price above $200, the BSV/USD pair can rally to $227. A break above this level is likely to result in a new uptrend.
LTC/USDLitecoin is facing stiff resistance at $45.3501 the positive thing is that the bulls have not allowed the price to dip below the 20-day EMA for the past few days, which indicates accumulation on dips.
If the bulls can push the price above $45.3501, the ninth-ranked cryptocurrency on CoinMarketCap can rally to $51, which is again likely to act as a stiff resistance.
If the price turns down from this level, the range-bound action could continue for a few more days.
On the downside, the bulls are likely to aggressively defend the 38.2% Fibonacci retracement level of $7.0023.
Price Analysis 7/13: BTC, ETH, XRP, BCH, ADA, BSV, BNB, LTC, CRO, LINK
gepubliceerd op Jul 13, 2020
by Cointele | gepubliceerd op Coinage
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