On the downside, Bitcoin will plunge if the bears succeed in breaking below the critical support zone of $5,900-$6,075.
There haven't been any noticeable attempts either by the bulls or the bears to break out of the range.
Traders should wait for the price to break out and close above $250 before attempting to enter any long positions.
Traders can maintain their stops on the long positions at $4.9.If the EOS/USD pair turns down from the current levels and breaks below the moving averages, it will indicate selling at higher levels.
A break below $5.5 can result in a drop to $4.493.XLM/USDThe bulls haven't been able to push Stellar above the overhead resistance of $0.24987525.
If the digital currency breaks below the range, it will resume its downtrend and can plunge to new year-to-date lows.
Traders should wait for the break out of the range before initiating any long positions in it.
A break out of the overhead resistance can result in a move to $0.11843, and a break down of the range can retest the lows.
XMR/USDThe bears are attempting to break down of the 50-day SMA and push Monero to the support at $107.8.
The pair will resume its downtrend if the bears break and sustain below the range.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, October 10
Published on Oct 10, 2018
by Cointele | Published on Coinage
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