We shall wait for the price to sustain above the downtrend line before recommending any long positions.
A break out of $0.33108 will signal a probable change in trend that can push the price to $0.38, and above it to $0.4.
Contrary to our assumption, if the price turns down from the current levels, the EOS/USD pair can dip to the moving averages, which should act as a strong support.
If successful, the rally can extend to $56.910.However, if the LTC/USD pair fails to find support at the downtrend line and the 20-day EMA, it can slide to the 50-day SMA, below which a retest of the support at $27.701 will be probable.
As BCH is known for vertical rallies, we might suggest initiating long positions on a close above $141.TRX/USDAlthough the bulls have been holding Tron above the 50-day SMA for the past three days, they haven't been able to achieve a rebound.
The support on the downside is at $0.02113440, and if this level breaks, the fall can extend to the critical support of $0.0183.The TRX/USD pair will indicate strength only on a breakout and close above the overhead resistance of $0.02815521.
First signs of recovery will be when the bulls push the price above the downtrend line.
A break out of the $10-$12 zone can push price to $15, and above it to $18.A breakdown of the 20-day EMA will be the first sign that the momentum is weakening.
BSV/USDAlthough Bitcoin SV is struggling to break out of the 20-day EMA, it has not given up much ground, which is a positive sign.
For the past three days, it has been taking support at $65.031.A breakdown of the support can sink the BSV/USD pair to the next support zone of $57-$58.072.
Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, Tron, Stellar, Binance Coin, Bitcoin SV: Price Analysis, Feb. 13
Published on Feb 13, 2019
by Cointele | Published on Coinage
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