The failure of the buyers to sustain the price above the 20-day EMA indicates a lack of demand at higher levels.
Conversely, if the bulls can sustain the price above $131.484, a rally to the 20-day EMA at about $141 is possible.
If the price turns down from the 20-day EMA but stays above $117.09, the ETH/USD pair will remain range-bound for a few days.
The bulls are currently attempting to hold the price above $0.18 levels.
Conversely, if the bulls fail to push the price above $0.20041 once again, the bears will try to sink the price below $0.17468.
If the bulls can push the price above $192.52, a move to $203.36 is possible.
If the price can sustain above $192.52, it will signal that the BCH/USD pair might have bottomed out at $169.62.
We will wait for the price to sustain above $14.2555 before turning positive.
If the price sustains above $94, it could offer a buying opportunity.
The first sign of strength will be after the bulls scale and sustain the price above $0.051014.
Price Analysis Dec 20: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XTZ, XLM
gepubliceerd op Dec 20, 2019
by Cointele | gepubliceerd op Coinage
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