A strong breakout of this level can carry the price to $10,360 and above it to $12,000.
Traders can hold their long positions with stops at $150. Contrary to our assumption, if the bulls fail to scale and sustain above $197.75, the bears will attempt to sink the ETH/USD pair below the moving averages.
Until the buyers push the price above the 20-day EMA, the altcoin remains weak.
If the bulls push the price above $306.78, a rally to $360 is possible.
If the bulls can push the price above $3.69, the EOS/USD pair can move up to $4.24 and above it to $4.8719.
If the price sustains above $21.2378, it will resume the new uptrend that can carry it to $23.5213 and above it to $30. The rising moving averages and the RSI in positive zone indicates that the bulls are in command.
Traders can retain a stop loss on the long positions at $16. We will suggest trailing it to $17.5 if the price sustains above $21.2378.BSV/USD. After a doji candlestick pattern on Nov. 12, Bitcoin SV dipped below the 20-day EMA today.
Buying at lower levels has pushed the price back above the 20-day EMA, which shows that bulls are active at lower levels.
There is resistance at $155.38, above which the up move can reach $188.69.Conversely, if the pair sustains below the 20-day EMA, it can drop to the support line of the channel and below it to the 50-day SMA. We will wait for the price to sustain above the channel before recommending a trade in it.
As the risk to reward ratio is attractive, traders can buy if the price sustains above $0.0204880 for about four hours.
Price Analysis 13/11: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX
Publié le Nov 13, 2019
by Cointele | Publié le Coinage
Coinage
Mentionné dans cet article
Nouvelles récentes
Voir tout
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.