As long as the price remains above both of the moving averages, the probability of a gradual rise to $4,255 will be high.
Unless the bulls carry the price above $145 quickly, the bears will again try to break down the support.
The traders can hold the remaining long positions with the stop loss at $125.On the other hand, if the price scales above $145, a rally to $167.32 will be probable.
If they succeed in pushing the price above $0.33108, it will be a bullish sign.
If the bulls succeed in sustaining above this resistance, a rally to $53.4, and above it to $60, will be possible.
If the bulls push the price above $140, a rally to $160 will be likely.
A break out of $160 will indicate bullishness that can carry the BCH/USD pair to $177, and above it to $220. Hence, the traders holding long positions can keep the stop loss at $116.Our bullish view will be negated if the price slips below the 50-day SMA and plummets below $105. Currently, both of the moving averages are flat and the RSI is at the midpoint, both of which point to a consolidation in the near term.
We shall wait for the price to sustain above the range and then suggest long positions in it.
If the BSV/USD pair bounces off the current levels and moves above $77.035, it will turn positive and can rally to $90, and above it to $102.58.
We suggest long positions above $78 with a target objective of $102.580.On the other hand, if the bears sink the digital currency below the 20-day EMA and $65.031, it will retest the support zone of $58-$60. The market data is provided by the HitBTC exchange.
Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, Stellar, Tron, Binance Coin, Bitcoin SV: Price Analysis, March 1
Published on Mar 1, 2019
by Cointele | Published on Coinage
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