The bulls could not push the price above the 20-day EMA in the past two days, which shows weakness.
Conversely, if the bulls defend the support at $0.27795 and push the price above the 50-day SMA, the XRP/USD pair is likely to pick up momentum.
We shall wait for the price to close above the 50-day SMA before suggesting a trade.
If the price turns down from the current levels, it can again drop to $105 and below that to the low at $73.5.
We might suggest long positions if the price closes above $141.LTC/USDLitecoin broke above the overhead resistance of $33 on Feb. 2.
The bulls could not build upon the breakout and carry the price to the next overhead resistance at $36.428.A small positive is that the bulls have managed to sustain above the breakout level of $33 since scaling it.
If the price rebounds sharply from $33, we anticipate a move to $36.428, and above it to $40.784.
The lower levels attracted buying, which pushed the price back above the moving average.
We shall wait for the price to scale above the 50-day SMA before turning positive.
Conversely, if the BSV/USD pair bounces sharply and rises above both moving averages, it can rally to $102.58, and above it to $123.98.
Bitcoin, Ripple, Ethereum, EOS, Bitcoin Cash, Litecoin, Tron, Stellar, Bitcoin SV, Cardano: Price Analysis, Feb. 4
Published on Feb 4, 2019
by Cointele | Published on Coinage
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