Contrary to our expectation, if the price turns down from $0.40 and plunges below $0.33108, a retest of $0.286 and $0.24508 is probable.
BCH/USDBitcoin Cash broke below the 20-day EMA on Dec. 27 but has bounced back sharply from close to $136.72, which is 61.8 percent Fibonacci retracement level of the recent pullback from $73.50 to $239. It is currently trading inside a descending channel, that looks like a bullish signal.
If the price turns down from the 20-day EMA and sinks below $0.10754201, the XLM/USD pair will decline to the Dec. 15 low of $0.09285498.
LTC/USDThe bulls could not keep Litecoin above the 20-day EMA and the critical support at $29.349 on Dec. 27.
The breakdown proved to be temporary because the price has climbed back above the 20-day EMA once again.
We shall turn positive on a close above $36.428.However, if the price reverses direction from the 50-day SMA or $36.428 and plunges below $27.701, a retest of the low is likely.
The downtrend will resume if the LTC/USD pair plummets below $23.10.BSV/USDBitcoin SV is range bound between $123.98 and $80.352.
A break below $80.352 will be a negative development and will drag the price lower to $65.031.
Contrary to our expectation, if the bears sink the price below $0.0183 and the 20-day EMA, a fall to $0.015 is likely.
ADA/USDThe bulls are attempting to push Cardano above the 20-day EMA once again.
Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, Stellar, Litecoin, Bitcoin SV, TRON, Cardano: Price Analysis, Dec. 28
Published on Dec 28, 2018
by Cointele | Published on Coinage
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