While the Chicago Board Options Exchange and the Chicago Mercantile Exchange currently offer Bitcoin futures trading, both of their products are settled in cash.
If the price fails to climb above $4,255, the BTC/USD pair will attract short sellers.
Though the bulls have failed to break out of the overhead resistance, one positive thing is that the price has not given up much ground.
It will turn negative below $0.33.BCH/USDThough Bitcoin Cash broke out of the descending channel, it has not been able to move higher.
A break out of the $3-$3.2081 zone will carry EOS to the next overhead resistance at $3.8723.The moving averages are on the verge of completing a bullish crossover, which suggests that the short-term trend is likely to turn in favor of the bulls.
Conversely, if the EOS/USD pair breaks below both moving averages and the $2.1733 mark, it can retest the low of $1.55.XLM/USDThe short-term trend in Stellar has become range bound, whereas the long-term trend still remains headed down.
A break out of $0.13427050 will be a positive sign that can push the price to the next overhead resistance of $0.184.However, if the bears fail to break out of the stiff overhead resistance, the coin might remain stuck in a tight range until it slides below $0.11024826.
If the bulls sustain above $47.246, the price can move up to $56.910.The moving averages have completed a bullish crossover and the RSI is also in the positive territory.
Our positive view will be invalidated if the LTC/USD pair plunges below $27.701.BSV/USDBitcoin SV is not finding any interest from the buyers.
The 50-day SMA is flattening out, which shows that the long-term trend in the TRX/USD pair is changing from down to up.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Stellar, Bitcoin SV, TRON, Cardano: Price Analysis, Jan. 7
Published on Jan 7, 2019
by Cointele | Published on Coinage
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