If the price rebounds off the 20-day EMA, the bulls will again attempt to clear the overhead resistance at $9,600.
89.Contrary to our assumption, if the bears sink the price below the 20-day EMA, the pair will weaken and can plummet to $8,240.
The traders can trail the stops on their long positions to $8,200, which can be tightened further if the price dips below the 20-day EMA.ETH/USDEther surged above the $173.841 to $180 resistance zone on Jan. 30 but the bulls have not been able to build on the strong up move.
There is a strong support at $173.841, which is just below the 200-day SMA at $175. If this support breaks, we expect the bulls to defend the 20-day EMA at $166. If the price bounces off either of these support levels, the bulls will make another attempt to move up to $197.75.Contrary to our assumption, if the bears sink the price below the 20-day EMA, the next support to watch out for is the $157.50 to $150 zone.
If the price rebounds off $360 or the 20-day EMA, it will increase the possibility of a breakout of $403.88.Conversely, if the bears sink the price below the 20-day EMA, a drop to $306.78 is possible.
If the price rebounds off the 20-day EMA, the bulls will once again attempt to push the LTC/USD pair above $70.50.However, if the price breaks below the 20-day EMA, a drop to $50 is possible.
If the price rebounds off the 20-day EMA, the bulls will once again attempt to propel the pair above $4.24.However, we spot a developing negative divergence on the RSI, which is a bearish sign.
If the bears sink the price below the 20-day EMA, a drop to the 200-day SMA at $3.3 is possible.
The pair will turn negative on a break below $16.50.However, if the price rebounds off the 20-day EMA and breaks out of $18.50, a move to the 200-day SMA at $18.79 and above it to $21.8 is possible.
If the price bounces off $0.0461161, the bulls will again attempt to push the price above $0.0560221.
Price Analysis Jan 31: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, ADA, ETC
Published on Jan 31, 2020
by Cointele | Published on Coinage
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