Price Analysis 02/09: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XLM, XMR

If bulls push the price above the 50-day SMA, a rally to the downtrend line is possible.

It is best to wait for the price to make a decisive move before buying because failure to rise above the moving averages is likely to attract selling.

XRP/USD. The bulls have managed to keep XRP above the critical support of $0.24508 for the past five days, which is a positive sign.

On the other hand, if bulls fail to propel the price above the 20-day EMA, the XRP/USD pair might again retest the $0.225-$0.24508 support zone.

We might propose a long position if the price sustains above the 50-day SMA.BCH/USD. Bitcoin Cash has held above the neckline of the head-and-shoulders pattern for the past three days, but the bulls have failed to secure a strong bounce off it.

If the price does not scale above the 50-day SMA within the next few days, we anticipate another attempt by bears to sink the price below the neckline.

Unless they push the price above the 20-day EMA within the next few days, we anticipate another bout of selling.

Conversely, if the bulls propel the price above the 20-day EMA, it will be a positive sign because the EOS/USD pair has not sustained above the 20-day EMA since Jun.

Failure of bulls to propel the price back above the overhead resistance of $0.065 suggests a lack of demand at higher levels.

We will wait for the price to break out and sustain above the resistance line of the symmetrical triangle before turning positive.