Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, Nov. 7

gepubliceerd op by Cointele | gepubliceerd op

BTC/USDBitcoin is trying to sustain above the moving averages.

ETH/USDEthereum has risen above the moving averages.

Such a move could carry it to $300, and further to $322. Therefore, traders can wait for a close above $249.93 and buy with a suitable stop loss.

If the bulls can defend the moving averages and push the price above this overhead resistance, a rally to $0.62 is probable.

Traders can keep an initial stop loss of $0.425.BCH/USDIn the past seven days, Bitcoin Cash has risen about 55 percent, which is a bullish sign.

If the bulls push the price above $660.0753, the digital currency can rally to $850. Therefore, we are not suggesting to close the entire position.

XMR/USDThough Monero has held above $112.44 for the past three days, it has failed to pick up momentum.

The price has risen above both moving averages, but is struggling to find buyers at higher levels.

A rally above the Oct. 15 intraday highs is likely to push the price towards $0.04158193.

Traders should wait for the digital currency to close above $0.03 before initiating long positions.

x