The failure of the bulls to break above the downtrend line and the moving averages means that buying dries up at higher levels.
Now, if the ETH/USD pair breaks out of the moving averages and scales above $134.5, it will indicate strength.
The remaining positions can be added once the price is above $134.5.On the other hand, if the cryptocurrency fails to rise above the moving averages, the bears will again attempt to break the support at $116.3 on a closing basis.
BCH/USDThe bulls haven't been able to push Bitcoin Cash above $141 since breaking down of it on Jan. 10.
We expect the bulls to attempt to break above $141. If they are successful, the BCH/USD pair can rise to $177.3, and above it to $239. We might suggest a long position above $141. Until then, we remain neutral on the coin.
If the bears defend $141, the cryptocurrency will remain stuck in the tight range of $120-$141.EOS/USDEOS bounced off the support at $2.3093 on Jan. 22, but the bulls haven't been able to push the price above $2.5840.If the price breaks out of $2.5840, the EOS/USD pair can rally to the next overhead resistance at $3.2081.
We might suggest a long position if the price sustains above $2.5840.However, if the bulls fail to scale $2.5840, the cryptocurrency might extend its stay in the tight range of $2.3093-$2.5840.
We suggest long positions on a close above $0.02815521, with a stop loss at $0.023.Conversely, if the bulls fail to scale above $0.02815521, the cryptocurrency will continue to trade inside the range.
BSV/USDThough Bitcoin SV slipped below $74.022 during intraday trading on Jan. 19 and Jan. 22, the close was above that level.
The BSV/USD pair will show signs of strength if the price sustains above the 50-day SMA. We shall wait for the range to expand to the upside before recommending any trades.
Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, Stellar, Litecoin, Tron, Bitcoin SV, Cardano: Price Analysis, Jan. 23
gepubliceerd op Jan 23, 2019
by Cointele | gepubliceerd op Coinage
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