If the price reverses direction from the 20-day EMA and plummets below the 50-day SMA, it can drop to $8,900 and if that level also breaks down, the next support is way lower at $7451.
The price turned down sharply and broke below the next support of $224.086.
If the price breaks down of the channel, the next support is at $227.70.
If $3.8723 fails to provide support, the next stop might be $3. On the other hand, if the EOS/USD pair bounces off $3.8723, it can move up to 20-day EMA, which is likely to act as a stiff resistance.
BNB/USDThe pullback in Binance Coin reversed direction from the 20-day EMA and broke below the critical support of $28.7168.
If the BNB/USD pair breaks down of the uptrend line and the descending channel, it will turn negative and can drop to the next support at $18.30.
BSV/USDBitcoin SV broke below the descending channel and the critical support of $134.360 on July 14.
When the price easily breaks through important support levels, it shows that sellers are in a hurry to get out and buyers are not willing to step in.
XLM/USDStellar dipped below $0.085 but found support closer to $0.080.
We suggest traders wait for the price to bounce off the support and rise above 20-day EMA before initiating a long position.
Price Analysis 15/07: BTC, ETH, XRP, LTC, BCH, EOS, BNB, BSV, TRX, XLM
Published on Jul 15, 2019
by Cointele | Published on Coinage
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