If the price consolidates close to the current levels for a few days, the uptrend is likely to resume.
The traders can keep the stops on the remaining long positions at $210. We shall suggest trailing the stops higher after the price sustains above $289.221.XRP/USD. XRP broke above the overhead resistance at $0.31503 on Feb. 13, which completed the rounding bottom pattern.
If the bulls can push the price above $0.34229, the up move will resume.
If the bears sink the price back below $0.31503, the XRP/USD pair can dip to the 20-day EMA at $0.274.
If the price bounces off the 20-day EMA, the bulls will once again attempt to resume the up move.
If the bulls can sustain the price above $85, the LTC/USD pair can move up to its target objective of $96.439.
A break above $5.5 can push the price to the $6-$6.4 zone where we expect the bears to mount a stiff resistance.
The traders can protect their long positions with stops at $21. The stops can be trailed higher after the price scales above $29.XTZ/USD. Tezos dipped to $2.9191 on Feb. 13 after reaching a high of $3.5989 on Feb. 12.
The bears could not even sink the price to $2.7809234, which corresponds to the 38.2% Fibonacci retracement level of the most recent leg of the rally.
If the bears drag the price below $0.065229, the ADA/USD pair can drop to the 20-day EMA at $0.0588, which is again likely to act as a strong support.
Price Analysis Feb 14: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, ADA
Published on Feb 14, 2020
by Cointele | Published on Coinage
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