If the LINK/USD pair sustains above $2.0531, it will indicate strength.
If the bulls fail to sustain the price above $2.0531, the pair might extend its stay inside the range for a few more weeks.
If the current pullback fails to scale above the overhead resistance of $0.01774, we anticipate another attempt by the bears to sink the pair to new lows.
If the cryptocurrency rises above the overhead resistance, it might face some resistance at the 20-week EMA, which is sloping down.
We will wait for the price to scale and sustain above $0.01774 before proposing a trade in it.
The bulls are currently attempting to push the price back above $3.1534.
Traders can buy on a close above the downtrend line and keep a stop loss below $2.40.However, if the bulls fail to scale the price above $3.1534, the bears will try to resume the downtrend and retest the 52-week low at $1.55.XRP/USDRipple has acquired crypto trading firm Algrim which will give it an entry into Iceland, where the company wants to establish an engineering hub.
Currently, the bulls have again pushed the price back above $0.24508.
The recovery will face resistance at both moving averages and above it at the downtrend line of the triangle.
If the bulls manage to keep the price above $0.035778, a move to $0.0560221 is likely.
Top-5 Crypto Performers: LINK, TRX, EOS, XRP, ADA
Published on Oct 6, 2019
by Cointele | Published on Coinage
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