The bears have currently dragged the price back to the 20-day EMA. A break and close below the 20-day EMA could drag the price to the uptrend line.
If they succeed, it will increase the possibility of a rally to $420 and then to $450. Conversely, if the bears sink the price below the uptrend line, a fall to $360 and then to $333 is possible.
BCH/USD. Bitcoin Cash has once again turned down from the $272 resistance and the bears are currently attempting to pull the price below the 20-day EMA and the immediate support at $253.14.
Today, the price has again dipped back below the 20-day EMA and the bears are currently attempting to break the support at the 50-day SMA. LINK/USD daily chart.
There is minor support at $9.7665 but if the bears can sink the price below it, a drop to $8.3817 will be on the cards.
If the bears fail to capitalize on the advantage, the bulls will again try to push the price above the 20-day EMA. If they succeed, the pair could move up to $32.LTC/USD. Litecoin has once again turned down from just above the $56.50 level today, which suggests that the bears are defending this resistance.
The advantage will tilt in favor of the bulls if they can push and sustain the price above $56.50.DOT/USD. The bounce from the $3.80 support in Polkadot fizzled out at the 20-day EMA. The bears will now try to sink the price below the immediate support at $3.80.
If the bears can sink the price below $3.5321, the DOT/USD pair may start a new downtrend that could reach $2.60 and then $2.0.
This has attracted selling by the bears who are currently attempting to sink the price below the uptrend line.
If the bears sink the price below $0.0893, the ADA/USD pair could drop to the critical support at $0.07555701.
Price analysis 11/2: BTC, ETH, XRP, BCH, LINK, BNB, LTC, DOT, BSV, ADA
Published on Nov 2, 2020
by Cointele | Published on Coinage
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