If the price corrects to the 20-day exponential moving average, placed just above the 38.2% Fibonacci retracement level, it may be considered a healthy sign.
If the bulls do not allow the price to dip below the 20-day EMA, it will suggest accumulation at lower levels.
If the price consolidates near the overhead resistance, it will increase the possibility of a break above it.
If the ETH/USD pair sustains above $488.134, the rally could extend to $520 and then to $550. On the other hand, if the bears sink the price below the 20-day EMA, it will suggest that the momentum has weakened.
Conversely, if the bulls manage to sustain the price above the breakout level of $13.28, the pair could start its journey towards the target objective of $19.2731.
The price has broken below the moving averages and the bears will now try to sink the BCH/USD pair below the immediate support at $242. If they succeed, the pair could drop to the $231 support.
BNB/USD. The bulls failed to propel Binance Coin above the $27.30 to $28.97 range today as the price turned down from the overhead resistance.
If the bulls push the price above the range, a rally to $32 is possible.
Conversely, if the bears sink the price below $27.30, the pair could retest the critical support at $25.6652.
If the ADA/USD pair does not dip back below the downtrend line, the bulls will once again try to propel the price above the overhead resistance.
Price analysis 11/18: BTC, ETH, XRP, LINK, LTC, BCH, DOT, BNB, ADA, BSV
Published on Nov 18, 2020
by Cointele | Published on Coinage
Coinage
Mentioned in this article
Recent News
View All
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.