For now, the traders can retain the stops at $150, which can be trailed higher after the pair scales above $173.841.XRP/USD. XRP dipped to the neckline of the inverted head and shoulders pattern on Jan. 16 but the bulls defended this level, which is a positive sign.
If the price can now scale above $0.2454, it can move up to $0.31503.
The traders who initiated long positions on our suggestion given in the previous analysis can maintain the stop loss at $0.1995.
For now, the traders can retain the stops on the remaining long positions at $300. The stops can be trailed higher after the BCH/USD pair scales above $360. Our bullish view will be invalidated if the bears sink the pair below the critical support at $306.78.BSV/USD. Bitcoin SV has pulled back to just below the 50% Fibonacci retracement level of the recent leg of the rally from $115.75 to $458.74.
The traders can trail the stop loss on the remaining long positions to $54. If the price rises above $60.8452 but fails to scale above $66.1486, the stops can be tightened further.
Contrary to our assumption, if the price turns down from the current levels and breaks below $54.7278, the LTC/USD pair can dip to $50.EOS/USD. EOS bounced off $3.5216 on Jan. 16 and is currently attempting to scale above the overhead resistance at $4.24.
Failure of the altcoin to sustain above $18.2 indicates that buying dries up at higher levels.
If the bulls fail to sustain the price above $18.2, the BNB/USD pair might remain range-bound for a few days.
Our view will be invalidated if the bears sink the price below $16. Below this level, a drop to the 20-day EMA and below it to $14.5201 is possible.
If the bulls can push the price above $0.0181864, move to $0.020 and above it to $0.0234 is possible.
Price Analysis Jan 17: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, ETC, TRX
Published on Jan 17, 2020
by Cointele | Published on Coinage
Mentioned in this article
BTSE CEO talks benefits of a crypto "All In One" Order Book and his predictions for 2020 and beyond
CryptoSlate recently had the opportunity to chat with Jonathan Leong, the CEO and co-founder of cryptocurrency derivatives exchange BTSE. BTSE was recently in the news for announcing it will move its operations from Dubai to the British Virgin Islands because of ongoing regulatory uncertainty.
Beware of the "Raccoon" malware trying to steal your crypto, all web browsers are affected
It's called Raccoon malware and it's even peskier than the brown-and-white critters causing havoc in your backyard.
Compound Extends DeFi Ethos to Itself, Launches Governance Token
Decentralized finance platform Compound is going ahead and decentralizing itself.
Software Ate the World, Here's How It Eats Finance
Unlike the examples above, financial services can be a much more difficult beast.