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Monday

23 September 2019

Price Analysis 11/09: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XMR, ADA

Price Analysis 11/09: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XMR, ADA


smart summary beta

If bulls push the price above the downtrend line of the symmetrical triangle, the pair is likely to resume its up move and rally to $15,376.96.

Conversely, if bears sink the price below the triangle and the critical support of $9,080, the trend will turn negative and a fall to $7,451.63 is probable.

The bulls have failed to propel Ether (ETH) above the 20-day EMA.

The sellers will now attempt to sink the price back below the critical support zone of $0.24508–$0.225.

Our bearish view will be invalidated if the pair rebounds sharply from the support zone and rises above the 50-day SMA.

If bulls push the price above the 50-day SMA, a rally to $360 is possible.

On the other hand, if bears sink the BCH/USD pair below the 20-day EMA, a retest of the neckline of the head-and-shoulders pattern will be in the cards.

We will wait for the bulls to assert their supremacy before suggesting a trade in it.

The bulls will now attempt to push the price above the 50-day SMA, which will signal a trend change.

We will wait for the price to break out and close (UTC time) above the 50-day SMA before suggesting a trade in it.

The pair will turn negative if it turns down from current levels or the 50-day SMA and plummets below $58.

Contrary to our expectation, if the BNB/USD pair reverses direction from current levels, the bulls will again attempt to push it back above the moving averages.

We will wait for the price to break out and close (UTC time) above the 50-day SMA before recommending a trade in it.

Nevertheless, if the BSV/USD pair bounces off the critical support at $107, the bulls will again attempt to propel it above the moving averages.

Our bearish view will be invalidated if the bulls push the XMR/USD pair above the resistance line of the wedge

Conversely, bulls will again try to push the price above the 20-day EMA. 

A breakout of the 20-day EMA can carry the pair to the 50-day SMA, which might act as a resistance

Though the bullish divergence on the RSI is a positive sign, we will wait for the price to break out and sustain above the 20-day EMA before recommending a long position again

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