Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Stellar, Tron, Bitcoin SV, Cardano: Price Analysis, Jan. 9

Published on by Cointele | Published on

If Ethereum breaks down of the uptrend line and the 20-day EMA, it can dip to the 50-day SMA at $120.On the other hand, if the bulls break out of $167.32, the ETH/USD pair can rally to the next level of $225 and above it to $249.93.

Traders should look to buy on dips, as long as the price remains above the 50-day SMA. A break of this moving average can result in a drop to $100 and below that to $83.XRP/USDRipple has been trading in a tight range for the past few days.

The digital currency will turn negative if it breaks below the support at $0.32615.

Traders can initiate long positions on a close above $0.4 with a stop loss at $0.32.BCH/USDAfter a strong run from the lows, Bitcoin Cash has been consolidating in a tight range for the past few days.

A break out of the range can resume the recovery and propel the BCH/USD pair to the next target of $307.01, with a minor resistance at $239.Therefore, we suggest traders wait for a breakout and close above $181 to enter long positions.

The stop loss can be kept at $138. A break below $141 will be a negative development that can result in a drop to $100 and below that to $73.5.EOS/USDEOS has been stuck in a range for the past few days.

If the bears fail to break below the neckline and the 20-day EMA within the next couple of days, buyers will likely step in.

A break below $0.09285498 can resume the downtrend.

We might propose a trade after the break out of the resistance sustains for a day.

BSV/USDThe range in Bitcoin SV has shrunk in the past few days.

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