Price Analysis Feb 5: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, ADA, XTZ

gepubliceerd op by Cointele | gepubliceerd op

If the price sustains above $9,600, the stops can be trailed higher to $8,900.

The bulls purchased the minor dip on Feb. 4 and have today pushed the price above the overhead resistance at $197.75.

The traders can trail the stops on the remaining long positions to $180. If the bulls fail to sustain the price above $197.75, the ETH/USD pair will lose momentum.

If the price can sustain above the minor resistance at $73.5259, a rally to $80.2731 is possible.

If the momentum can carry the price above $80.2731, the LTC/USD pair can rally to $96.439.

Our bullish view will be invalidated if the price reverses direction from the current levels and slides below the strong support of $66.1486.EOS/USD. The tight $4 to $4.40 range in EOS has resolved to the upside.

BNB/USD. The bulls are attempting to sustain the price above the overhead resistance at $19. If successful, Binance Coin can rally to $21.80.

Contrary to our assumption, if the price fails to sustain above $19, it will signal a lack of demand at higher levels.

If the price sustains above $0.586027, a move to $0.065229 is likely.

If the bulls can propel the price above this level, a rally to $0.08 will be on the cards.

x