We swill suggest a trade when the pair decisively sustains above $0.33108.
BCH/USDAfter failing to sustain above the overhead resistance of $332.58, Bitcoin Cash is facing some profit booking.
If the price scales above $84.3439, we expect a quick move to the overhead resistance zone of $91-$100.A breakout of the resistance zone will complete a rounding bottom pattern that has a target objective of $159 and above it $180. Traders can buy a small portion - about 30% - of their usual position size on a breakout and close above $84.3439.
The rest of the position can be purchased above $100 with initial stop loss at $74.Contrary to our expectation, if the LTC/USD pair turns around from any of the overhead resistances and plunges below $74, it can correct to the 50-day SMA and below it to $62.450.EOS/USDEOS has been consolidating above the 20-day EMA for the past few days.
A breakout of $5.6602 will indicate strength and can carry the price to $6.0726 and above it to $6.8299.On the contrary, if the EOS/USD pair turns down and dives below $5, it can decline to the $4.4930-$3.8723 support zone.
BNB/USDBinance Coin surged on April 18 and has followed up with another strong move today.
Our bullish view will be invalidated if the pair reverses direction from the current level and plummets below the moving averages.
If the XLM/USD pair breaks out and sustains above $0.120, it can move up to the downtrend line.
If the bears can sink the price below $0.075920, it can decline to the 50-day SMA.On the other hand, if the ADA/USD pair breaks out of the downtrend line, it will again try to break out of the overhead resistance of $0.094256.
The balance will tilt in favor of the bulls if the TRX/USD pair breaks out and sustains above $0.02815521.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 19
Published on Apr 19, 2019
by Cointele | Published on Coinage
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