Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Bitcoin SV, TRON, Cardano: Price Analysis, Jan. 4

Published on by Cointele | Published on

The GTI Vera Convergence Divergence indicator points to higher levels for Bitcoin if the buying pressure continues.

If the bulls succeed in pushing Ethereum above this level, it can rise to $225, followed by a rally to $249.93.Conversely, if the ETH/USD pair turns down from the current levels, it can slide to $136.12.

The pair remains on track to scale $167.32 as long as it stays above the 20-day EMA. Any break of the moving averages will be a negative development that can result in a retest of $83. We recommend traders wait for a breakout above $167.32 or a dip to the support levels before initiating any long positions.

BCH/USDBitcoin Cash could not break out of the 50-day SMA, which is a negative sign.

The BCH/USD pair will pick up momentum on a break out and close above the 50-day SMA. Such a move will turn the pattern into a bullish flag that has a target of $355.The flat 20-day SMA and the RSI close to the 50 level suggests a consolidation in the near term.

Any break of this is likely to push the price down to $23.1.

The downtrend will resume if this level also breaks.

Traders can buy on a close above $102.58 with the stops at $80.On the other hand, if the digital currency slides below $80, it can fall further to $65.031 and below that to $38.528.TRX/USDThe bulls could not sustain the breakout on Jan. 3, but TRON has not given up ground, which suggests buying at lower levels.

Traders who initiated long positions based on our earlier suggestion can keep holding onto them with the stops at $0.018.Our bullish view will be invalidated if the price breaks below $0.018 because after that the cryptocurrency might fall to the 50-day SMA and below that to $0.013.ADA/USDCardano has been trading near the neckline for the past two days.

If the bulls can scale the neckline within a couple of days, the chart will complete an inverse head and shoulders pattern, with a target of $0.066.Traders can buy on a close above the neckline, but If the price does not break out of $0.060105 quickly, the stops should be raised.