If the bears can sink the price below $8,400, a drop to the next support at $7,856.
Such a move will be a huge negative as it will carry the price further below the 200-day SMA. However, if the bulls can push the price above the 20-day EMA at $9,153, it will indicate strength.
If the price sustains above the 20-day EMA, the pair can move up to $10,000 and above it to $10,500.
If the bears can sustain the price below $0.22250, a drop to $0.20 and below it to $0.17468 is possible.
Conversely, if the BCH/USD pair again bounces off the support at $306.78, the bulls will make another attempt to carry the price above $360. If successful, a rally to $400 and above it to $500 is possible.
Conversely, if the pair bounces off the current levels or from $204.310 the bulls will make another attempt to propel the price above the 20-day EMA. If successful, a move to $301.43 and above it to $337.80 is possible.
We will turn positive on a close above the 20-day EMA.LTC/USD. Though Litecoin has been trading above the 200-day SMA for the past two days, the bulls have not been able to push it to $66.1486.
If the bulls can push the price above the overhead resistance at $66.1486, the pair can move up to $80.2731.
A break below the 200-day SMA will be a huge negative, which can drag the price to $3 and below it to $2.4001.
If the bulls can drive the price above the 20-day EMA at $20.64, a move to the $21.80-$23.5213 resistance zone is likely.
Price Analysis Mar 4: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LINK
Published on Mar 4, 2020
by Cointele | Published on Coinage
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