Bitcoin, Ripple, Ethereum, Stellar, EOS, Bitcoin Cash, Bitcoin SV, Litecoin, TRON, Cardano: Price Analysis, Dec. 12

XRP/USDSince breaking down of the support at $0.33108, the bulls have been attempting to keep Ripple above the Dec. 7 low of $0.28600.

ETH/USDEthereum has been trading in a tight range of $83-$102.5 since breaking down of the previous support of $102.2.The RSI has been forming a positive divergence, which increases the possibility of a pullback.

The recovery will gain strength if the price breaks out of $0.13427050.

A break above this can carry the EOS/USD pair to $3.8723.If the next dip doesn't break the low of $1.55, we can confirm that a bottom is in place.

Currently, the bulls are attempting to push the price back above $94. If successful, the BCH/USD pair will continue to trade in the range of $92.13-$115.61.

The first sign of buying will be when the bulls break out and close above $116. In such a case, the pullback can extend to the 20-day EMA. Though the digital currency has a history of vertical rallies, we suggest traders wait for buying to resume before attempting a trade in it.

Trading inside a price range can be volatile, so we shall wait for a break out of the range before recommending a trade in it.

Aggressive traders can wait for the price to close above the 20-day EMA and establish long positions with a short-term target of $40. The stop loss can be placed at $23. The traders should keep the position size at only about 30 percent of usual because it is a countertrend move.

If the digital currency doesn't break down or break out of the triangle within the next few days, the pattern will be invalidated.

In a downtrend, traders should wait for the price to show an uptick before jumping in to buy because positive divergences turn out to be bear traps.