44 on Oct. 10, but the bulls held the price above the immediate support at $11,178.
The bulls have pushed the price above the overhead resistance at $11,500.
If the momentum picks up and the bulls drive the price above $12,050, the pair could retest $12,460.
ETH/USDEther broke above the 50-day simple moving average on Oct. 10 but could not sustain the higher levels.
The uncertainty resolved to the upside today and the bulls are currently attempting to propel the price above the overhead resistance at $395. If the bulls can pull this off, the ETH/USD pair could rise to $488.134.The 20-day exponential moving average has started to turn up and the RSI has risen above 61.
If the bulls can drive the price above this resistance, the BNB/USD pair may retest the highs at $39.5941.This bullish view will be invalidated if the pair turns down from the current levels and breaks below the 50-day simple moving average.
LINK/USDChainlink broke above the downtrend line on Oct. 11 and is now attempting to rise above the 50-day SMA. If the bulls can sustain the price above $11.20, it will break the sequence of lower highs and lower lows.
If the bulls can push the price above $13.28, it could start a new uptrend.
The buyers will again attempt to push the price above the neckline and if they succeed, it will complete the reversal pattern.
The bears have not yet thrown in the towel because they are trying to stall the relief rally at the 50-day SMA.If the bulls fail to push the price above the 50-day SMA, the bears will make one more attempt to sink the CRO/USD pair below $0.144743.
Price analysis 10/12: BTC, ETH, XRP, BCH, BNB, LINK, DOT, ADA, LTC, CRO
gepubliceerd op Oct 12, 2020
by Cointele | gepubliceerd op Coinage
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