If the price stays above the 20-day EMA, we anticipate another attempt by the bulls to scale $196.583.
Traders can retain the stop loss on their long positions at $150. Our bullish view will be invalidated if the bears sink the price back below the moving averages and the downtrend line.
XRP/USD. Though the bulls have managed to keep XRP above $0.29227 for the past three days, they have not been able to propel it towards the next overhead resistance at $0.34229.
If the price does not slip below $0.29227, we expect another attempt by the bulls to carry the price to $0.34229 where the traders can book partial profits.
Our bullish view will be invalidated if the bears sink the price below both moving averages.
EOS/USD. Though the bulls managed to propel EOS above the overhead resistance of $3.370 for the past two days, they have not been able to sustain above it.
As the price did not close above $3.370, our buy recommended in the previous analysis was not triggered.
Currently, the bulls are again attempting to hold the price above $3.370.
The trend will turn negative below $2.4001.BNB/USD. Binance Coin broke out and closed above the descending channel on Oct. 27, which triggered our buy suggested in an earlier analysis.
The BNB/USD pair will now start its journey towards the target objective of $32 and above it to $40. Our positive view will be invalidated if the price turns down and re-enters the channel.
Price Analysis 28/10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, TRX, XLM
gepubliceerd op Oct 28, 2019
by Cointele | gepubliceerd op Coinage
Coinage
Vermeld in dit artikel
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.