We might add to our existing long positions if the price sustains above $4,255.
If the bulls fail to hold the support, the slide can extend to the 50-day SMA and below it to $118.XRP/USDRipple traded near the overhead resistance of $0.33108 for the past two days but could not close above it.
The trend will turn negative if the price plunges below the support zone of $0.27795 and $0.24508.
A break below $47.2460 will find support at the 20-day EMA, below which the slide can extend to the 50-day SMA. The balance will shift in favor of bears if the LTC/USD pair breaks down of $40.BCH/USDBitcoin Cash has been trading close to $141 for the past three days.
The levels to watch on the upside are $163 and above it $175. Hence, traders should hold their long positions with the stop loss at $116.Our bullish view will be invalidated if the BCH/USD pair turns down from the current levels and plummets below both the moving averages and $121.XLM/USDStellar has not been able to cross the 50-day SMA over the past three days.
If the TRX/USD pair does not scale the downtrend line within the next couple of days, the bears are likely to push it back towards the support of $0.02306493.
A breakout of this critical resistance will start a new uptrend that can push the price to $0.03575668 and above it to $0.0380.BNB/USDAs expected, Binance Coin turned down from close to $12 on Feb. 20.
A breakout of $12 can carry it to $15 and above it to $18.Contrary to our assumption, if the bears sink the BNB/USD pair below the range and the 20-day EMA, the drop can stretch to the 50-day SMA. A breakdown of the 50-day SMA will turn the tables in favor of the bears.
ADA/USDThe bulls failed to push Cardano above the resistance of the range for the past three days.
If the pair stays inside the range, we might attempt to buy at the support of the range if we find a strong bounce, but if the bears sink the price below the range, a retest of the low is probable.
Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, Stellar, Tron, Binance Coin, Cardano: Price Analysis, Feb. 22
Published on Feb 22, 2019
by Cointele | Published on Coinage
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