Conversely, if bulls defend the support at the downtrend line, we anticipate another attempt to resume the up-move.
XRP/USD. XRP has broken down of the immediate support at $0.30.
The strength of the bounce will give us a clue as to whether the support will hold or crack.
Conversely, if the price bounces off sharply from $0.27795, bulls will try to carry it above the 20-day EMA. We expect range-bound trading for a few days if the price sustains above the 20-day EMA.BCH/USD. Bitcoin Cash has broken down of the uptrend line of the ascending triangle, thus invalidating the bullish pattern.
EOS/USD. EOS has dropped to the support at $3.8723.
If bulls defend the $3.8723-$3.30 support zone, the EOS/USD pair might consolidate for a few days.
If the bulls defend the support at $136.890, the BSV/USD pair will again try to break out of the 20-day EMA. A rally above $160.35 will indicate a probable change in trend.
The price might now dip to the 20-day EMA. If the support holds, we anticipate another attempt by the bulls to push the price above $98.2939.
XLM/USD. Failure to bounce off a strong support is a bearish sign.
Stellar has broken down of the first support at $0.076.
Price Analysis 09/08: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XMR, XLM
Published on Aug 9, 2019
by Cointele | Published on Coinage
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