Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, October 22

Published on by Cointele | Published on

BTC/USDBitcoin dipped below the moving averages on Oct. 19, but the bears could not capitalize on the fall, as the price climbed back up the next day.

On the upside, if the ETH/USD pair breaks out of the moving averages, it can reach the top of the $192.5-$249.93 range.

A break down of the triangle and the Sept. 11 intraday low of $408.0182 will resume the downtrend, pushing the price to the next support at $300. Therefore, traders can keep a stop loss at $400 on their existing long positions.

The traders can initiate a long position on a close above $0.27, which is just above the intraday high of Oct. 15.If the bears defend the downtrend line and sink the price below the moving averages, the digital currency can slide to the lower support zone of $0.184-$0.2.LTC/USDLitecoin has been gradually sliding towards the bottom of the range of $49.466-$69.279.

A break down of the range will resume the downtrend and can plunge the LTC/USD pair to the next lower support at $40.The virtual currency will show first signs of a trend reversal if it breaks out of $69.279 and sustains above it.

Following the breakout, the price can rally to the next overhead resistance at $94. The traders should wait for a confirmed breakout before initiating any long positions.

ADA/USDBoth moving averages and the price of Cardano are bunched close to each other with hardly any movement in the past three days.

If the bulls push the price above the moving averages and $0.083, a rally to the overhead resistance of $0.094256 is probable.

The TRX/USD pair will make its next move after it breaks out and sustains above the top of the current range of $0.0183-$0.02815521.

The traders can buy on a close above $0.03, keeping the initial stop loss at $0.02.If the bears push the price below the support of $0.0183, the next target on the downside is $0.00844479.

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