Considering the large target potential, we suggest traders maintain their stops at $100. We might recommend closing the position if the pair turns down and sustains below $116.30.XRP/USDRipple has been finding support close to $0.295 for the past three days, but the bulls are struggling to break out of the downtrend line.
Traders can keep the stop loss on long positions at $2.30.If the price struggles to break out of the overhead resistance zone, partial profits can be booked closer to $3.20 and the remaining can be held with the stop at breakeven.
A break of this support can result in a plunge to the yearly low of $1.55.LTC/USDLitecoin found support close to $40. The bulls are currently trying to resume the uptrend and break out of the overhead resistance of $47.2460.
A break below the 20-day EMA will weaken the momentum and plunge the digital currency to the 50-day SMA. The trend will turn negative if the bears break below $27.701.
Traders who are long can trail their stops higher to $36. The stops can be moved up again as the price inches towards $47.2460.BCH/USDThe range in Bitcoin Cash has shrunk as it waits for a decisive move by either the bulls or the bears.
If the tight range resolves to the upside, the bulls will face resistance at the 50-day SMA and above it at $141. If the price sustains above $141, it will be a bullish sign we recommend long positions on a close above $141. The target levels to watch on the upside are $175 and above it $220.On the contrary, if the BCH/USD pair breaks down, the next support is $105. Below this level, the decline can accelerate and retest the low at $73.50.TRX/USDTRON has broken below the 50-day SMA and has moved lower in the past two days.
Conversely, if the TRX/USD pair finds support at the current levels and rises above both the moving averages, it will again attempt to break out of the critical resistance at $0.02815521.
BNB/USDBinance Coin corrected for three days and found buyers close to the 20-day EMA. It is currently attempting to resume the up move and break out of the overhead resistance at $10. If successful, a rally to $12 is probable.
BSV/USDAfter failing to break out of the 20-day EMA, Bitcoin SV has turned down and has broken below $65.031.
We shall wait for the price to break out of $71.412 and the 50-day SMA before turning positive.
Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, TRON, Stellar, Binance Coin, Bitcoin SV: Price Analysis, February 15
Published on Feb 15, 2019
by Cointele | Published on Coinage
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