Price Analysis Jan 03: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XTZ, XLM

If the bulls fail to push the price above the triangle, it will indicate a lack of demand at higher levels.

If the bulls can now carry the price above the 50-day SMA, a move to $50 is possible.

If the bulls can sustain the price above the 50-day SMA, a move to $2.8695 is possible.

The price is currently close to the 20-day EMA. If the BNB/USD pair can rise above it, the bulls will again attempt to propel the price above $14.5201.

Contrary to our assumption, if the bulls fail to break above the overhead resistance levels, the price might remain range-bound between $12.1111 and $14.5201 for a few more days.

If the momentum can carry the price above $113.96, a move $140 and above it to $155.380 is possible.

If the price rises above the moving averages, a move to $1.40 and above it to $1.60 is possible.

If the bulls can push the price above $0.047799, a move to $0.051014 is possible.

We will turn positive if the bulls sustain the price above $0.047799.

As the risk is low, we suggest traders buy 50% of the desired allocation on a close above $0.047799 and wait to buy the rest after the price sustains above $0.051014.