If Bitcoin prices plunge and start a down move, altcoins are unlikely to run in the opposite direction to start a new uptrend.
Conversely, if the BTC/USD pair bounces off current levels or from the trendline support and breaks out of the triangle, it will attract traders who have been waiting on the sidelines for a trending move.
Such a move will indicate a lack of demand at higher levels and can result in a drop to the critical support of $163.755.XRP/USD. The pullback in XRP dipped below $0.27795 and triggered our buy recommendation given in the previous analysis.
Currently, the bulls are attempting to hold the price above the moving averages.
If the price sustains below the moving averages, it can drop to the neckline of the head-and-shoulders pattern.
A break below this support can sink the price to $58 traders can keep the stop loss on the long position at $62.The flattish moving averages and the RSI close to 50 points to balance between buyers and sellers.
If the LTC/USD pair bounces off current levels and breaks out of $81, it is likely to pick up momentum and move up to $100.EOS/USD. EOS has failed to take off after breaking out of the downtrend line, which shows a lack of demand at higher levels.
Traders can keep the stops on the long positions at $3. However, if the EOS/USD pair bounces off current levels, it can move up to $4.8719.
The pair will show the first signs of buying if the bulls can push the price above the moving averages.
If the price bounces off this support, the bulls will make another attempt to push the price above $0.0560221.
Price Analysis 23/09: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, ADA
Publié le Sep 23, 2019
by Cointele | Publié le Coinage
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