If the price sustains above the downtrend line, it can move up to $4,255.
Repeated tests of a support level weaken it if the price slides to $0.27795 within the next few days, we expect it to be broken.
If the EOS/USD pair turns down from current levels and slides below the moving averages, it will lose momentum.
A break down of this level can plunge the pair to $1.7746 and below it to $1.55.BCH/USDBitcoin Cash broke out of the 20-day EMA on Feb. 8 but the bulls failed to build up on it.
The price has corrected back to the breakout levels in the past two days.
If the BCH/USD pair re-enters the range, it can drop to $105. However, if the bulls bounce off the current levels, the pair will again try to move up to the next overhead resistance at $141. The flattish moving averages and the RSI close to the 50 levels points to a range bound trading in the near-term.
BNB/USDBinance Coin extended its up move over the weekend.
Our bullish view will be invalidated if the BNB/USD pair dips below $6.BSV/USDBitcoin SV could not break out of the 20-day EMA for the past three days, which is a negative sign.
If the price turns down from the current levels and breaks below $57, a drop to the low at $38.528 is probable.
Depending on the strength of the rebound from current levels, we might suggest long positions above the 50-day SMA, but until then, we suggest traders remain on the sidelines.
Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, TRON, Stellar, Binance Coin, Bitcoin SV: Price Analysis, Feb. 11
Published on Feb 12, 2019
by Cointele | Published on Coinage
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