Price analysis 11/11: BTC, ETH, XRP, LINK, BCH, BNB, DOT, LTC, ADA, BSV

The uncertainty has been resolved to the upside today with the bulls attempting to push the price above the $16,000 resistance.

If the bulls can sustain the price above the resistance line of the wedge, it will invalidate the bearish setup.

They will then try to pull the price down to the 50-day simple moving average at $382.XRP/USD. The bulls pushed XRP above the overhead resistance at $0.26 on Nov.10 but failed to sustain the breakout.

This suggests selling at higher levels, but the positive thing is that the bulls have not allowed the price to break below the moving averages on the downside.

If the range expands to the upside and the bulls push the price above the moving averages and the overhead resistance at $30, the BNB/USD pair could rally to the $32 to $33.3888 zone.

The next trending move could start after the bulls push the price above $33.3888 or the bears sink the price below $25.6652.DOT/USD. Polkadot is currently stuck close to the midpoint of the $3.80 to $4.95 range.

As long as the price sustains above the moving averages, the bulls will try to push the price to the resistance of the range.

The bulls will now try to push the price to the overhead resistance at $64. Traders can keep an eye on the RSI as it has formed a symmetrical triangle.

A breakout of the triangle will increase the possibility of a break above $64 while a break below the triangle could pull the price below the 20-day EMA. Currently, the upsloping moving averages and the RSI in the positive zone suggest that bulls have the upper hand.

The bulls are now likely to attempt to push the price above the overhead resistance at $0.1142241.