If the bulls can push and close the price above $395, it will complete an ascending triangle pattern.
The bulls have currently propelled the price back above the moving averages.
The first target on the upside is $266.46, and if that is scaled, the up-move can reach $280. However, if the bulls fail to push the price above $266.46, the BCH/USD pair could remain range-bound for a few days.
The bulls will now again try to push the price above the $32- $33.3888 resistance zone.
LINK/USD. Chainlink has held above the 20-day EMA for the past three days but the bulls have not been able to push the price back above the $11.1990-$11.8028 resistance.
The momentum could pick up after the bulls push the price above the overhead resistance zone.
LTC/USD. Litecoin has bounced off the uptrend line and the bulls will now try to push the price above the moving averages.
If the buyers can sustain the price above the moving averages, a move to the overhead resistance zone of $51-$52.36 is possible.
If the bulls do not push the price above the moving averages within the next few days, the bears will make one more attempt to sink the price to $146.20.
Conversely, if the bulls can push the price above the moving averages, the BSV/USD pair could move up to $180.63.
Price analysis 10/19: BTC, ETH, XRP, BCH, BNB, LINK, DOT, ADA, LTC, BSV
Published on Oct 19, 2020
by Cointele | Published on Coinage
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