If the bulls fail to push the price above the triangle, it will indicate a lack of demand at higher levels.
If the bulls can now carry the price above the 50-day SMA, a move to $50 is possible.
If the bulls can sustain the price above the 50-day SMA, a move to $2.8695 is possible.
The price is currently close to the 20-day EMA. If the BNB/USD pair can rise above it, the bulls will again attempt to propel the price above $14.5201.
Contrary to our assumption, if the bulls fail to break above the overhead resistance levels, the price might remain range-bound between $12.1111 and $14.5201 for a few more days.
If the momentum can carry the price above $113.96, a move $140 and above it to $155.380 is possible.
If the price rises above the moving averages, a move to $1.40 and above it to $1.60 is possible.
If the bulls can push the price above $0.047799, a move to $0.051014 is possible.
We will turn positive if the bulls sustain the price above $0.047799.
As the risk is low, we suggest traders buy 50% of the desired allocation on a close above $0.047799 and wait to buy the rest after the price sustains above $0.051014.
Price Analysis Jan 03: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XTZ, XLM
gepubliceerd op Jan 3, 2020
by Cointele | gepubliceerd op Coinage
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