Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, Stellar, Litecoin, Bitcoin SV, TRON, Cardano: Price Analysis, Dec. 31

Published on by Cointele | Published on

Short-term traders can wait for a close above $4,255 to buy.

The digital currency will turn positive in the short-term if the price sustains above $0.40.

In such a case, the rally can extend to $0.56, $0.62 and $0.7644.ETH/USDThe pullback in Ethereum stalled at $153 on Dec. 29 while managing to stay above $136 for the past two days.

BCH/USDBitcoin Cash is trading inside a descending channel.

Currently, the bulls are attempting to keep the price above the 20-day EMA.A quick breakout of the channel will turn it into a bullish flag, which has a pattern target of $355, with a minor resistance at $307.1.

A break below the channel can lead to a drop to the low at $73.50.EOS/USDThe bulls have not been able to carry EOS much above the 20-day EMA. This shows a lack of buyers at higher levels.

XLM/USDThe bulls are struggling to push Stellar above the 20-day EMA. The 50-day SMA is turning down, which confirms the long-term downtrend.

On the upside, a break above the 20-day EMA will again face resistance at $0.13427050.

LTC/USDThe recovery in Litecoin is facing a stiff resistance at the 50-day SMA. The bulls have not been able to sustain above it since Nov. 6, so a breakout and close above the 50-day SMA will signal strength.

Traders can initiate long positions on a close above $36.428.