Short-term traders can buy on a close above $4,255, with the stop loss at $3,550.
Short-term traders can buy on a close above $0.40 with a stop loss just below $0.32.Contrary to our expectation, if the XRP/USD pair turns down from one of the overhead resistances, it will find support at $0.33108 and below it at $0.28600.
If the bulls break out of the overhead resistances, it will resume the recovery that can carry the BCH/USD pair to $307.01 and $355. Therefore, short-term traders can wait for a close above the 50-day SMA to buy.
Contrary to our assumption, if the digital currency reverses from 50-day SMA, it can fall to $100. If this level also breaks, it can slump to $73.50.EOS/USDThough the bulls have kept the EOS above the 20-day EMA, they have not been able to push it higher.
The price is on the verge of breaking out of the 50-day SMA that can result in an attempt to break out of $36.428.A breakout will complete a bullish inverse head and shoulders pattern that has a target of $49.756.
We recommend long positions on a breakout and close above $36.428.On the other hand, if the bulls fail to break out of the neckline of the inverse head and shoulders pattern, the bears will attempt to plunge the LTC/USD pair below $28.067 that can result in a retest of the low.
BSV/USDBitcoin SV continues to trade inside the $80.352- $123.98 range.
Traders can buy on a breakout and close above $123.98.TRX/USDTRON again held the support at the $0.0183 level on Jan. 1.
Traders who are long can hold with the stops at $0.018.On the other hand, if the bears sink the TRX/USD pair below $0.018, it can drop to the 50-day SMA, and below it to $0.013.ADA/USDCardano has been trading between the 20-day EMA and the neckline of the inverse head and shoulders pattern.
Traders can initiate long positions following a close above the neckline.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Bitcoin SV, TRON, Cardano: Price Analysis, Jan. 2
Published on Jan 2, 2019
by Cointele | Published on Coinage
Mentioned in this article
Interconnecting Blockchain Project ICON Makes a Push Towards Decentralizing Its Nodes
History of ICON. ICON aims to design an "Interconnecting blockchain network." ICON is engineering a solution to connect independent blockchains without the use of third-party intermediaries.
Bitcoin Nears $3,750 as Top Cryptos See Moderate Gains
Saturday, Jan. 19 - all the top 20 cryptocurrencies are seeing slight to moderate gains in the 24 hours to press time.
How to Put Crypto In Everyone's Pocket in 2019
As blockchain businesses, we can make our consumer tools free, making cryptocurrency more accessible.
Wyoming Introduces a Bill Aiming to Define Virtual Currencies as Money
A bill meant to clarify the classification of cryptocurrencies has been introduced in the U.S. state of Wyoming Jan. 18, according to the official state legislature website.