13, the bulls did not allow the price to dip below the immediate support at $10,200 and this shows accumulation was occurring at this level.
If the bulls can sustain the price above the 20-day exponential moving average, a quick move to $11,000 is likely.
If the bulls can sustain the price above the 50-day SMA, the possibility of a rally to the 61.8% Fibonacci retracement level of $419.473 is likely.
The bulls are currently attempting to sustain the price above the $32 resistance.
If the bulls do not allow the price to dip below $4.9210, it will suggest that the correction is over.
If the LINK/USD pair rebounds off the trendline, the bulls will make one more attempt to push the price above the $13.28 resistance.
The bulls attempted to push the price above this range on Sep.
The bears attempted to stall the up-move at the 50-day SMA on Sep.13 but the bulls did not allow the price to dip below the 20-day EMA.CRO/USD daily chart.
The bulls will once again attempt to push the price above the downsloping 20-day EMA.BSV/USD daily chart.
If the bulls manage to surmount $175 the price could rally to $227 but it's expected that overhead resistance will prevent this from happening in one go.
Price analysis 9/14: BTC, ETH, XRP, BNB, DOT, LINK, BCH, CRO, LTC, BSV
Published on Sep 14, 2020
by Cointele | Published on Coinage
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