ETH/USDAfter failing to breakout and sustain above $167.32 for four consecutive days, Ethereum fell below the 20-day EMA on April 15.
The bulls should now quickly push the price above $167.32, else we might see another down leg.
Our view will prove to be wrong if the LTC/USD pair rebounds strongly from current levels and rises above the overhead resistance of $91 to $100. Such a move can result in a rally to $159 and above it to $180.BNB/USDBinance Coin continues to trade strong.
Until the price remains above the 50-day EMA, we remain bullish on the BNB/USD pair.
Conversely, a breakout above the 20-day EMA can carry the price to the downtrend line and above it to $0.14861760.
ADA/USDCardano has been struggling to bounce off the 20-day EMA. The price keeps correcting to the moving average, which shows a lack of demand at higher levels.
On a breakdown of the zone, the decline can extend to the 50-day SMA.Conversely, if the digital currency bounces off the 20-day EMA and scales above the downtrend line, it can move up to $0.094256.
This will complete when the price closes above $0.094256.
The TRX/USD pair will show strength if the bulls succeed in pushing the price above $0.02815521.
If the price sustains above this level, it can move up to $0.03278079 and above it to $0.03575668.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 17
Published on Apr 17, 2019
by Cointele | Published on Coinage
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