Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, Stellar, Litecoin, Tron, Bitcoin SV, Cardano: Price Analysis, Jan. 11

Published on by Cointele | Published on

ETH/USDAfter failing to break out of $167.32 for the past few days, Ethereum turned down on Jan. 10.

BCH/USDAfter consolidating for the past few days, Bitcoin Cash broke down of the range on Jan. 10.

If this level also breaks down, the price can plunge to $73.5.The 20-day EMA is turning down after being flat for the past few days, which confirms that the sellers have an advantage in the short-term.

EOS/USDThough EOS has declined to the bottom of the range, it is yet to break down of it.

The 50-day SMA continues to slope down, which suggests that the long-term trend is still down.

If the price sustains below the neckline for two more days, it will confirm that the recent break out of the inverse head and shoulders pattern was a fake move.

TRX/USDWe had expected TRON to reach a high of $0.03801042 but it turned down from $0.03575668.

Our bearish view will be invalidated if the bulls push the price back above $80.352 within the next two days.

ADA/USDAfter sustaining the breakout above the neckline of the inverse head and shoulders pattern for four days, Cardano has dipped back below it.

If the bulls fail to push the price above the neckline within the next two days, the probability of a fall to $0.036934 will increase.