The higher levels saw profit booking that dragged the price back towards the support of $4,914.
Traders can trail the stop loss on the remaining long position to $150.XRP/USD.As expected, Ripple pulled back to the breakout level on Apr.
Currently, the price has bounced off the support and is on its way towards the first target objective of $0.40.If the price sustains above the resistance line of the channel, it will signal the end of the downtrend.
We shall wait for the price to sustain above the channel for a couple of days before recommending any long positions.
BCH/USD.Bitcoin Cash soared to $363.30 level on Apr.
Currently, the bulls are again attempting to push the price back above $6 and towards the next target objective of $6.8299.
BNB/USD.Binance Coin is consolidating above $18 for the past two days, which is a positive sign.
02 intraday low of $15.5624721 can attract further selling and drag the price to the 50-day SMA. If this level also breaks, the trend will turn in favor of the bears.
03 but found support just above the 20-day EMA. Traders would have closed partial long positions as suggested in our previous analysis.
ADA/USD.Cardano witnessed profit booking above $0.094256 levels on Mar. 03, It fell to $0.081791 on the next day but quickly bounced back, which shows buying on dips.
Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 5
Published on Apr 5, 2019
by Cointele | Published on Coinage
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