For the positional traders, we will wait for the price to breakout and close above $7,856.
90.ETH/USDEther plummeted below the support at $131.484 on Dec. 16 and followed it up with another down day that dragged the price to $119.61.
If the price turns down from the overhead resistance, the bears will attempt to sink the price below $0.18.
If successful, the XRP/USD pair can drop to $0.15.As the pair has been making new yearly lows consistently, we suggest traders wait for the price to signal a turn around before jumping in to buy.
The bulls will attempt to carry the price back above the $192.52 to $203.36 resistance zone.
If the bears sink the price below $166.98, the BCH/USD pair can extend its fall to $125. We will wait for a new buy setup to form before suggesting a trade in it.
During three previous occasions, the price had staged a recovery from close to 25 levels on the RSI.EOS USD daily chart.
If the EOS/USD pair turns down from this resistance, the bears will try to resume the downtrend and sink the price to the next support at $1.55.Conversely, if the bulls can push the price back above $2.4001 and sustain it, a move to the 20-day EMA and above it to $2.8695 is possible.
Aggressive traders can buy if the price sustains above $2.4001 for a couple of days.
This attracted profit booking that has dragged the price to the 50-day SMA. We had suggested caution in our previous analysis due to the negative divergence on the RSI.XTZ USD daily chart.
Price Analysis Dec 18: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XTZ, XLM
gepubliceerd op Dec 18, 2019
by Cointele | gepubliceerd op Coinage
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