BTC/USD. Bitcoin has broken below the small descending channel and the psychological support at $9,000.
The selling has intensified today and the altcoin has plunged below the next support at $235.70.
XRP/USD. XRP plunged below the $0.26362 support on Feb. 25, which triggered our suggested stop loss on the long positions at $0.26.
BSV/USD. Bitcoin SV broke below the critical support at $236 today, which is a huge negative.
If the price sustains below $236, the decline can extend to the next support at $173.66, which was the intraday low made on Jan. 14, when the BSV/USD pair had jumped 144.40% in a single day.
If the bears fail to sustain the LTC/USD pair below the channel, the bulls will make another attempt to push the price above $66.1486.
EOS/USD. EOS has broken below the 50-day SMA and the support at $4.00.
If the bulls fail to push the XTZ/USD pair above the 20-day EMA, the bears will attempt to sink the price back below $2.5263.
The bulls are currently attempting to defend the support at $0.0461161, which is just below the 61.8% Fibonacci retracement level of $0.0475943.
If the price rebounds off the support, it might move up to the downtrend line, which is likely to act as a stiff resistance.
Price Analysis Feb 26: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, ADA
Published on Feb 26, 2020
by Cointele | Published on Coinage
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