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26 October 2020

Price analysis 10/16: BTC, ETH, XRP, BCH, BNB, LINK, DOT, ADA, LTC, BSV

Price analysis 10/16: BTC, ETH, XRP, BCH, BNB, LINK, DOT, ADA, LTC, BSV


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15 but the bulls could not sustain the price above $11,500.

If the bulls can push the price above the downtrend line, it will be the first sign of strength.

Contrary to this assumption, if the bears sink the pair below the 20-day EMA, a drop to the support line of the channel is possible.

However, if the ETH/USD pair turns up from the current levels or the uptrend line, the bulls will again try to push the price above the overhead resistance at $395.

Although the altcoin had formed a bullish inverse head and shoulders pattern, the bulls could not push the price above the neckline at $0.26 and the setup did not complete.

A trending move will start after the bulls push the price above $0.26 or the bears sink the pair below $0.219712.

If the buyers can push the price above $266.46, the uptrend could reach $280 and then $300.

This assumption will be invalidated if the bears sell at the current levels and sink the BCH/USD pair below the moving averages.

If the sellers can manage to sustain the price below the 20-day EMA, it will suggest that the bullish momentum has weakened.

Polkadot (DOT) has turned down from the 20-day EMA ($4.22) and the bears will now try to sink the price below the $3.5321 support.

Contrary to this assumption, if the DOT/USD pair turns up from the current levels or rebounds off $3.5321, the bulls will try to push the price above the resistance line of the descending triangle.

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

If the bulls fail to push the price above the moving averages, the selling is likely to intensify and the bears will once more try to sink the LTC/USD pair below the uptrend line.

Conversely, if the pair rises above the moving averages, the bulls will try to thrust the price above the $51–$52.36 resistance zone.

However, if the BSV/USD pair recovers from the current levels or from the $146.20 support, the bulls will make one more attempt to drive the price above $180.63.

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