The positive thing is that it has held above the 20-day EMA since breaking out of it.
The 20-day EMA has turned up and the 50-day SMA has flattened out.
Our bullish view will be invalidated if the price reverses direction and plunges below the 20-day EMA.ETH/USDEthereum has broken above $136.12 with ease and is close to the major overhead resistance of $167.32.
Conversely, if the digital currency breaks out of $167.32, it can rise to $211.The 20-day EMA has turned up and the 50-day SMA is flattening out.
If the price stays above the 20-day EMA for the next 2-3 days, we anticipate another attempt to break out of the 50-day SMA. If successful, the pullback can extend to $307.01, which is the 61.8 percent Fibonacci retracement of the recent decline.
The downtrend will resume if the bears sink the pair below $73.5.EOS/USDEOS is attempting to break out of the 38.2 percent Fibonacci retracement level of $3.0510.
The EOS/USD pair will resume its downtrend if it plunges below $1.55.XLM/USDStellar has broken out of the 20-day EMA and $0.13427050.
If successful, the price can dip back to the 20-day EMA.However, if the bulls pierce through the overhead resistance, the LTC/USD pair can extend the recovery to $47.246.
We anticipate another attempt to break out of the range within the next 3-4 of days.
ADA/USDCardano is attempting to break out of the 50-day SMA and rise to the next overhead resistance at $0.060105.
Bitcoin, Ripple, Ethereum, Bitcoin Cash, Stellar, EOS, Litecoin, Bitcoin SV, TRON, Cardano: Price Analysis, Dec. 24
Published on Dec 24, 2018
by Cointele | Published on Coinage
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