91.We will wait for the BTC/USD pair to sustain above the downtrend line before suggesting any trade in it.
As the risk-reward is attractive, we recommend long positions on a close above $116.30 with a stop loss of $100.Conversely, if the ETH/USD pair fails to break out of the range and turns down from $116.30, it will extend its consolidation.
Conversely, if the bulls fail to sustain the higher level and the pair turns down, it can correct to the support at $33. There are a slew of supports between $27.701 and $33. The trend will turn down on a break below $27.701.EOS/USDEOS is attempting to bounce from the $2.30 support.
Long positions can be initiated on a close above $2.5944 with a stop loss below $2.1733.If the EOS/USD pair turns around and slumps below the support at $2.1733, it can fall to $1.7746 and below it to $1.55.
The TRX/USD pair has to scale the major hurdle at $0.02815521 before it makes a dash to the upside targets of $0.03575668 and above it $0.038.Any break of the triangle and the 50-day SMA will be negative and can result in a fall to $0.02113440 and below it to $0.0183.
Should the price turn down from any of the resistance levels mentioned above, a retest of the lows and on a breakdown, a drop to $0.05795397 is probable.
If the bulls succeed in carrying the XLM/USD pair above the 50-day SMA, a rally to $0.13427059 is likely.
BNB/USDAfter a minor dip on Feb. 7, the bulls are again attempting to resume the up move in Binance Coin.
If the bulls sustain above the intraday high of Feb. 6 at $8.7630584, the BNB/USD pair is likely to reach $10. We expect a major supply in the region of $10 to $12 leading to a minor correction.
On the downside, any pullback will find support at the 20-day EMA and below it at the 50-day SMA. Our bullish view will be invalidated if the price plunges back into the channel.
Bitcoin, Ripple, Ethereum, Litecoin, EOS, Bitcoin Cash, Tron, Stellar, Binance Coin, Bitcoin SV: Price Analysis, Feb. 8
Published on Feb 8, 2019
by Cointele | Published on Coinage
Mentioned in this article
Bitmain Launches New Energy-Efficient 7nm ASIC Chip for Bitcoin and Bitcoin Cash
Bitmain, the largest mining hardware manufacturer in the world, has launched a new 7nm ASIC mining chip which achieves new levels of performance, chip size, and energy efficiency for mining Bitcoin and Bitcoin Cash.New Chips For Mining Bitcoin and Bitcoin Cash.
Purported Crypto Cloud Mining Ponzi Reported to Thai Police, 140 Victims Allegedly Scammed Out of $1.3 Million
Thirty people in Bangkok filed complaints with Thailand's Technology Crime Suppression Division after they were allegedly scammed by cryptocurrency cloud mining company CryptoMining.
Elon Musk: Bitcoin Has 'Quite Brilliant' Structure, Paper Money is Going Away
On this note, Musk stressed that "It would not be a good use of Tesla resources to get involved in crypto. We're just really trying to accelerate the advance of sustainable energy."
Coinbase Acquires Blockchain Analytics and Intelligence Startup Neutrino
Coinbase, one of the largest cryptocurrency exchanges and wallet providers in the US, has acquired Neutrino, a blockchain intelligence startup based out of Italy.