Price analysis 11/16: BTC, ETH, XRP, LINK, BCH, LTC, BNB, DOT, ADA, BSV

Published on by Cointele | Published on

The bulls have pushed the price above the overhead resistance at $16,500 and resumed the upward move.

If the price turns down from the overhead resistance and the bulls do not give up much ground, then it will increase the possibility of a breakout of $488.134.

LINK/USD. Chainlink's LINK is currently attempting to bounce off the 20-day EMA. The bulls will now again try to propel the price above the $13.28 overhead resistance.

If the bulls can push the price above $280, the BCH/USD pair could rally to $326.30.

If the bulls can sustain the price above the breakout level, it will signal the possible start of a new uptrend.

DOT/USD. Polkadot's DOT bounced off the 20-day EMA on Nov. 12, but the bulls could not push the price above the minor resistance at $4.63.

The bulls have again purchased the dip to the 20-day EMA and are currently attempting to push the price above the immediate resistance at $4.63.

ADA/USD. Cardano's ADA slipped below the moving averages on Nov. 15, but the bulls are trying to defend the support at $0.098822.

If the altcoin rebounds and rises above the moving averages, the bulls will again try to push the price to $0.1142241.

If the bulls can push the price above the downtrend line, it could clear the path for a rally to $181. The next trending move is likely to start after the bulls drive the price above $181 or the bears sink the price below $146. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.