If successful, the ETH/USD pair can rise to $167.32.However, the 20-day EMA has flattened out and the RSI has also dipped below 50, which points to a consolidation.
A break below $0.30 can drag the price to $0.29 and below it to $0.27795.
A breakdown of the 20-day EMA and the uptrend line of the developing wedge will increase the probability of a fall to the 50-day SMA. Therefore, traders can trail the stop loss on the entire remaining long positions to $55.However, if the LTC/USD pair rebounds from the 20-day EMA, it will again try to breakout of the resistance line and rally to its next target objective of $69.2790.
With the 20-day EMA flattening out and the RSI close to 50, EOS is likely to become range bound for a few days.
A breakout of $163.89 is likely to attract buyers, pushing the price to the next overhead resistance of $175 and above it to $220. The BCH/USD pair has a history of vertical rallies traders can hold the long positions with the stops at $140.Our bullish view will be invalidated if the digital currency turns down from the current level and plunges below the 20-day EMA. In such a case, the pair might become range bound for a few more days.
If the bears defend the $18 level, the price might correct to the 20-day EMA. If this support breaks, a fall to the 50-day SMA is probable.
The trend will turn in favor of the bears if the pair sustains below the 50-day SMA.XLM/USDAfter trying to hold the 20-day EMA for the past four days, Stellar has broken down of it.
This is a bearish sign because this shows a lack of buying at the strong support of the 20-day EMA.If the price sustains below the 20-day EMA, the XLM/USD pair can plunge to the 50-day SMA. The uptrend line is just below this support.
If the pair bounces off the 20-day EMA, it will indicate strength.
We suggest traders keep the stops on the long positions at $0.049.TRX/USDTron broke out of the 20-day EMA on March 23 but hit a wall just above the 50-day SMA. Currently, the price is back below the 20-day EMA, which is a bearish sign.
Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Cardano, Tron: Price Analysis, March 25
gepubliceerd op Mar 25, 2019
by Cointele | gepubliceerd op Coinage
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