A breakdown of this zone will indicate weakness and can drag the price to $140. Therefore, the traders can protect their long positions with stops placed at $150.XRP/USDThe bounce off the neckline of the inverted head and shoulders pattern is struggling to stay above $0.2326.
If XRP fails to climb above $0.24 quickly, the bears will again attempt to sink the price below the neckline.
If the bulls can push the price above $360, a rally to $403.88 is possible.
We will wait for the price to sustain above $360 before suggesting a long position once again.
If the bulls fail to propel the price above $360, the BCH/USD pair might dip to $306.78 and remain range-bound for a few days.
Contrary to our assumption, if the bulls can push the price above $337.80, the pair might pick up momentum and rally to $400 and above it to $458.74.
The bounce off the support has not been strong as the price has not scaled above $60.LTC USD daily chart.
If the price fails to climb above $60, the bears will attempt to sink the price below $55. If successful, a drop to the 20-day EMA at $53 is possible, which is likely to act as a strong support.
If EOS does not move up quickly, the bears will attempt to sink the price back below the moving averages.
Contrary to our assumption, if the bulls fail to propel the price above $0.0461161, the ADA/USD pair is likely to dip back to the 20-day EMA. We anticipate the price to bounce off this support.
Price Analysis Jan 22: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XLM, ADA
Published on Jan 22, 2020
by Cointele | Published on Coinage
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