Contrary to our assumption, if the bears sink the price below $8,467.
If the price dips below the 20-day EMA, it can remain range-bound between $161.056 and $196.483 for the next few days.
The ETH/USD pair will start a downtrend if the bears sink the price below the recent low of $151.829.
Traders can keep the stop loss on the long positions at $150. The pair will pick up momentum above $196.483 and move up to $235.70.XRP/USDThe failure of the bulls to push the price higher has attracted profit booking that can drag XRP to the 20-day EMA and below it to the 50-day SMA. As both the moving averages have started to turn up, we expect the bulls to defend the support levels.
A bounce off the moving averages will be a positive sign that is likely to push the price towards the next target objective of $0.34229 where traders can book partial profits.
If EOS breaks below the moving averages, it will increase the possibility of a range-bound action between $2.4001 and $3.37.On the other hand, if the EOS/USD pair turns around from the moving averages, we expect another attempt by the bulls to scale above $3.37.
Above $21.2378, the pair can move up to $23.5213 and above it to $32.Our bullish view will be negated if the price re-enters the descending channel.
A break below the moving averages can drag the price to $16.50.
If the bulls can propel the price above $0.0234, a rally to $0.030 is likely.
The bears will try to take advantage of the situation and sink the price below the moving averages.
Price Analysis 30/10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, TRX, XLM
Publié le Oct 30, 2019
by Cointele | Publié le Coinage
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