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Monday

26 October 2020

Price analysis 10/14: BTC, ETH, XRP, BCH, BNB, LINK, DOT, ADA, LTC, BSV

Price analysis 10/14: BTC, ETH, XRP, BCH, BNB, LINK, DOT, ADA, LTC, BSV


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The upsloping 20-day exponential moving average ($10,999) and the relative strength index above 60 suggests that bulls have the upper hand. .

Contrary to this assumption, if the bears sink the price below the moving averages, the pair could drop to the uptrend line.

If the pair rebounds off this support, the bulls will make one more attempt to drive the price above $395.

If the bears sink and sustain the price below the moving averages, the altcoin could consolidate for a few more days.

Conversely, if the XRP/USD pair rebounds off the 20-day EMA ($0.248), the bulls will make one more attempt to push the price above the overhead resistance. .

If the bears fail to sink the price below $29.5646, the bulls will again try to drive the price to $33.3888.

Contrary to this assumption, if the bears sink the price below the 20-day EMA ($28.30), it will suggest that the bullish momentum has weakened and a correction to the 50-day simple moving average ($26.07) could be on the cards. .

The bears are mounting a stiff resistance at the 50-day SMA ($11.38) for the past two days but the positive thing is that the bulls have not allowed Chainlink (LINK) to drop below the 20-day EMA ($10.32).

However, if the bears can sink the price below $4, the DOT/USD pair could retest the critical support at $3.5321.

The failure to break above the neckline has attracted selling and the bears will now try to sink the altcoin back below $0.104044.

If the ADA/USD pair drops below the 20-day EMA ($0.100), it will signal that bears are shorting on rallies.

If the pair rebounds off the 20-day EMA, the bulls will again try to push the price above the neckline.

In this case, if the bulls can thrust the price above the resistance zone, a new uptrend could begin that may reach $64

This positive view will be invalidated if the bears sink the LTC/USD pair below the 20-day EMA. 

If the bears sink the price below the 20-day EMA, a drop to $155 is possible

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