Any dip is likely to find support at $200 and below it at the 20-day EMA. Our bullish view will be invalidated if the ETH/USD pair plummets below the 20-day EMA.XRP/USDRipple soared on May 14 and broke out of the overhead resistance of $0.33108 and $0.37835.
On the upside, a breakout of $0.45 can clear the path for a rally to $0.60, with minor resistances at $0.50 and $0.55.
BCH/USDBitcoin Cash is currently facing selling close to the resistance line of the ascending channel.
The target level to watch on the upside is $158.91, with a minor resistance at $127.6180.
For now, the stop loss can be kept at $70.We will watch for the LTC/USD pair to pick up momentum and quickly rally above $102, else the bears will again try to sink the pair back below the breakout level of $91. If the price slips back below $91, it will weaken the breakout.
We may close the position if the price sustains below $91.EOS/USDEOS is looking strong as it has broken out of the overhead resistance at $6.0726.
If the EOS/USD pair fails to ascend $6.8299 in the first attempt, it might consolidate near the resistance for a few days or correct toward the 20-day EMA. The trend will turn in favor of the bears if the price slides below the strong support zone of $4.4930-$3.8723.BNB/USDBinance Coin made a new lifetime high on May 13, which failed to sustain.
The BNB/USD pair can now move up to the resistance line where it is likely to face some selling.
XLM/USDStellar has broken out of both the moving averages and the resistance at the long-term downtrend line.
As the digital currency had been consolidating for a very long time, we expect the next rally to last long and reach $0.050, with a minor resistance at $0.040.Contrary to our assumption, if the TRX/USD pair fails to sustain above the range, it will extend its consolidation for a few more days.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 15
Published on May 15, 2019
by Cointele | Published on Coinage
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