The bulls have not been able to rise above the 20-day EMA after falling below it on Jan. 10.
If the bulls push the price above both the moving averages and the downtrend line, it will signal a probable change in trend.
As the upside potential is high, we might propose long positions if the price sustains above the 20-day EMA.On the other hand, if the ETH/USD pair breaks down of $103.20, it can correct to the lows at $83.EOS/USDEOS re-entered the range on Jan. 30.
We might suggest long positions on a close above the 50-day SMA.Contrary to our assumption, if the EOS/USD pair breaks below the range and the critical support at $2.1733, the downtrend will resume.
The important support levels to watch on the downside are $1.7746 and below that $1.55.BCH/USDFor the past two days, Bitcoin Cash has been struggling to scale above the overhead resistance of $121.30.
If successful, it can move up to $141. We shall wait for the price to sustain above $141 before turning positive.
If the price turns down from the current levels and breaks below the support zone of $29.349 and $27.701, it can plunge to $23.090.TRX/USDThe rebound from the 20-day EMA was short-lived as Tron could not sustain above the overhead resistance at $0.02815521 on Jan. 27.This attracted selling and dragged the TRX/USD pair back below the 20-day EMA. Currently, the pair is attempting to rise above the 20-day EMA once again.
We suggest traders keep the stop loss at $0.023.XLM/USDStellar pulled back to the breakdown level of $0.09285498 on Jan. 30 but failed to climb above it.
If the XLM/USD pair does not reverse direction quickly and rise above the overhead resistance at $0.09285498, it can plummet to $0.07864971.
The digital currency will show signs of a recovery if the bulls hold the current level and push the price above $80.352.
Bitcoin, Ripple, Ethereum, EOS, Bitcoin Cash, Litecoin, Tron, Stellar, Bitcoin SV, Cardano: Price Analysis, Feb. 1
Published on Feb 1, 2019
by Cointele | Published on Coinage
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