Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, October 24

Published on by Cointele | Published on

Mentioned in this article
Bitcoin
67,227.55
USD
+154.92
+0.230 %
Ethereum
3,116.44
USD
+9.89
+0.317 %
Cardano
0.48
USD
-0.00
-0.449 %
TRON
0.12
USD
-0.00
-1.592 %
Bitcoin Cash
492.51
USD
+6.30
+1.280 %
Litecoin
84.24
USD
-0.32
-0.378 %
Stellar
0.11
USD
-0.00
-1.070 %
Monero
135.15
USD
-1.00
-0.742 %
BTC/USDThe range on Bitcoin has shrunk in the past three days.

A break down of the immediate support can push the price to the Sept. 12 intraday low of $167.32.If the bulls succeed in breaking out of the moving averages, a rally to the top of the range is possible.

We shall turn positive on the ETH/USD pair if it sustains above $250.A break out of the range can carry the price to $322, which might act as a stiff resistance.

We might propose long positions when we find a reliable buy setup above $0.5.BCH/USDThough Bitcoin Cash is trading inside a symmetrical triangle, the price has been hugging the support line for the past few days, which is a negative sign.

The pair will turn bullish if the price breaks out of the triangle and sustains above it.

EOS/USDThe intraday range in EOS has shrunk in the past few days.

On the upside, if the price scales $0.083, the cryptocurrency can rally to the top of the range.

We shall wait for the price to either break out of the range, or fall to the bottom of the range before suggesting any trades.

Currently, the price is trading in the upper half of the range.

The price action inside the range will remain volatile.

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