news

bitcoin

1 X bitcoin bitcoin =

Monday

26 October 2020

Price analysis 10/12: BTC, ETH, XRP, BCH, BNB, LINK, DOT, ADA, LTC, CRO

Price analysis 10/12: BTC, ETH, XRP, BCH, BNB, LINK, DOT, ADA, LTC, CRO


smart summary beta

The bulls have pushed the price above the overhead resistance at $11,500.

Contrary to this assumption, if the pair turns down from the current levels and plummets below $11,178, it could signal aggressive shorting by the bears at higher levels.

The uncertainty resolved to the upside today and the bulls are currently attempting to propel the price above the overhead resistance at $395.

This positive view will be invalidated if the pair turns down from $395 and breaks below the 20-day EMA.

This bullish view of a possible reversal will be invalidated if the pair turns down from the current levels and breaks below $0.24.

If the BCH/USD pair breaks out and closes (UTC time) above the overhead resistance, it could start its northward march towards $280.

This bullish view will be negated if the pair again turns down from the current levels and breaks below the 20-day EMA.

However, if the bulls can drive the price above this resistance, the BNB/USD pair may retest the highs at $39.5941.

This bullish view will be invalidated if the pair turns down from the current levels and breaks below the 50-day simple moving average ($25.72).

This balance will tilt in favor of the bulls if they can push and sustain the price above the overhead resistance at $4.6112.

Above this level, the DOT/USD pair could rally to $5.5899.

However, if the pair turns down from the current levels and breaks below $4, it could remain range-bound for a few days.

This bullish view will be invalidated if the pair turns down from the current levels and breaks below the moving averages.

Instead, if the pair turns down from the overhead resistance zone, a few days of range-bound action is possible.

If the bulls fail to push the price above the 50-day SMA, the bears will make one more attempt to sink the CRO/USD pair below $0.144743.

Conversely, if the bulls can propel the price above the 50-day SMA, it could open the gates for a rally to $0.171541.

Goto Full Article

bitcoin bitcoin price

$9106.76

24h

Live Average

bitcoin

News Article Sentiment

negative

Score (-0.2)

Article Metadata

author

site

cointelegraph.com

categories

Market data feeds provided by cryptocompare.com
bitsmart 2018