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
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