The price continues to trade below both moving averages, and the RSI has been in the negative territory since Jan. 10.
Our bearish view will be invalidated if the bulls rebound sharply from $0.27795 and carry the XRP/USD pair above both moving averages.
Such a move will signal strength and we might suggest long positions on a close above the 50-day SMA. Until then, we remain neutral-to-bearish on the pair.
The targets to watch on the upside are $134.5, and above it $167.32.EOS/USDAfter failing to break out of the 50-day SMA, EOS is likely to drop to the support at $2.1733.
Contrary to our opinion, if the bears break down of the support at $2.1733, the EOS/USD pair can slide to $1.7746, and below it to $1.55.The cryptocurrency will show first signs of strength after the bulls scale the moving averages and the $2.5944 mark.
We shall wait for the price to close above $2.5944 before suggesting any long positions.
LTC/USDAfter sustaining above $33 for the past four days, Litecoin has again turned down.
A break out of the triangle can carry the coin to $0.03575668, and above it to $0.038.
The XLM/USD pair will show signs of a reversal if the price breaks out and sustains above the downtrend line.
A break out of the 50-day SMA can result in a move to $102.58, and above it to $123.98.On the other hand, if the bears reverse the direction of the BSV/USD pair, a fall to the next support at $57, and below that a drop to the low at $38.528, will be probable.
Bitcoin, Ripple, Ethereum, EOS, Bitcoin Cash, Litecoin, Tron, Stellar, Binance Coin, Bitcoin SV: Price Analysis, Feb. 6
Published on Feb 6, 2019
by Cointele | Published on Coinage
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