Traders can keep the stop loss on the long position at $0.24.Contrary to our assumption, if the price rebounds off the 50-day EMA, the bulls will again attempt to break out of $0.31491.
If the price bounces off the 20-day EMA, the bulls will again attempt to push the price to $360. Nonetheless, if the bears sink the price below the 20-day EMA, the BCH/USD pair will turn negative.
The price has pulled back to the 20-day EMA, which is gradually sloping up.
If the price rebounds off the 20-day EMA, the bulls will attempt to extend the recovery and carry the LTC/USD pair to $80.2731.
If the price bounces off the 20-day EMA, the buyers will attempt to push the price to $4.8719.
Our bullish view will be invalidated if the bears sink the price below the 50-day SMA. Therefore, traders can keep the stop loss on the long positions at $2.95.BNB/USDThe bulls have not been able to propel Binance Coin above $21.2378 for the past few days.
If the price bounces off the 20-day EMA, the bulls will again attempt to reach $155.38.
If bears sustain the price below the 20-day EMA, a deeper correction is likely.
Profit booking at the resistance has dragged the price to the 20-day EMA, which should have triggered the trailing stop loss.
If the price slips below the 20-day EMA, a dip to the 50-day SMA is likely.
Price Analysis 08/11: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX
Published on Nov 8, 2019
by Cointele | Published on Coinage
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