BTC/USD. Bitcoin nosedived Oct. 11, breaking below the support at $6,341.
ETH/USD. The tight range bound trading in Ethereum has resolved on the downside and broke below the support at $200. The bulls are currently trying to bounce from $188. Both moving averages are turning down and the RSI is in the negative zone, which shows that the bears have an advantage.
XRP/USD. Ripple broke below the support at $0.4255 on Oct. 11, triggering our stop loss.
The price nosedived below the 50-day SMA and found support close to the 78.6 percent retracement level.
BCH/USD. The bulls are trying to keep Bitcoin Cash inside the symmetrical triangle.
EOS/USD. After clinging to the resistance line of the symmetrical triangle for three days, EOS tumbled on Oct. 11, breaking below both moving averages and the trendline of the triangle.
On the downside, any break below the Oct. 10 intraday lows can push the price towards the critical support of $0.184.LTC/USD. From the midpoint of the range, Litecoin has declined to the bottom of the range of $49.466-$69.279.
A break of the support can resume the downtrend and push the price towards the next support at $40. The bulls are currently trying to bounce from close to the $50 mark.
ADA/USD. On Oct. 11, Cardano broke below the first support at $0.073531, but the bears have not been able to capitalize on the fall.
XMR/USD. After days of tight range bound trading action, Monero broke down of the range on Oct. 11, triggering our suggested stop loss at $106. It is currently trying to bounce off the psychological support at $100. The previous support of $107.8-$112 will now act as a strong resistance.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, October 12
Published on Oct 12, 2018
by Cointele | Published on Coinage
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