Will the price move higher before Christmas? We will have to wait and see.
Contrary to our assumption, if the price turns down from the current levels or from the overhead resistance at $1.85, a few days of range-bound action is likely.
A bounce from this support will keep the price inside the large range between $4.4389 and $1.9101.XRP/USD. Ripple released a total of 1 billion XRP tokens from its escrow wallet on Dec. 2 but returned it back within seven minutes.
We would turn positive if the price sustains above $0.24508.
If the bulls fail to push the price above $0.24508, the bears will again attempt to sink the price back below $0.20041.
If the price turns down from the moving averages, a drop to $38.83 to $45.4494 support zone is likely.
Conversely, if the bulls succeed in propelling the price above the moving averages, a rally to $98 and above it to $121.4270 is likely.
Will these steps help in boosting the price of Binance Coin? Let's see what the technicals are showing.
If the bulls fail to propel the price above $16.50 within the next few days, the bears will attempt to sink the price back below $14.2555.
A breakdown of the support will be a huge negative and can drag the price to $11.30.
Top-5 Cryptos This Week: XTZ, ATOM, XRP, XMR, BNB
gepubliceerd op Dec 8, 2019
by Cointele | gepubliceerd op Coinage
Coinage
Vermeld in dit artikel
Recent nieuws
Alles zien
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.