Price analysis 11/18: BTC, ETH, XRP, LINK, LTC, BCH, DOT, BNB, ADA, BSV

Published on by Cointele | Published on

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.