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19 February 2020

Price Analysis Jan 13: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XMR, TRX

Price Analysis Jan 13: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XMR, TRX


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We shall recommend trailing the stops higher after the price sustains above $8,452.84.

Contrary to our assumption, if the bears sink the price below $7,856.76 and the 20-day EMA, it will indicate a lack of demand at higher levels.

However, if the ETH/USD pair bounces off the moving averages, the bulls will make another attempt to scale above the overhead resistance zone of $151.829 to $157.50.

However, the bulls could not carry the price to the overhead resistance at $0.2326, which shows a lack of demand at higher levels.

The bears will now attempt to sink the price below the moving averages and the critical support at $0.20041.

However, the positive thing is that the bulls have not allowed the price to give up much ground.

If the bulls can carry the price above $270.15 and sustain it, a rally to $306.78 is possible.

The upsloping 20-day EMA and the RSI in the positive zone show that bulls are in command.

Our bullish view will be invalidated if the bears sink the price below $258.26.

Litecoin (LTC) has scaled and closed (UTC time) above the overhead resistance at $50, which is a positive sign.

Conversely, if the bulls fail to sustain the price above $50, a drop to $47.8264 is possible.

If the bulls can sustain the price above the downtrend line for three days, it will signal a possible change in trend. .

The moving averages are on the verge of a bullish crossover and the RSI is in the positive territory, which suggests that bulls are attempting to make a comeback.

On the other hand, if the bulls fail to propel the price above the overhead resistance zone, the bears will attempt to sink the price back below $155.38.

The 20-day EMA is sloping up and the RSI is in the positive zone, which suggests that bulls have the upper hand

If the price bounces off the current levels or the 20-day EMA, the bulls will again attempt to push the price above $60. 

The bears are currently attempting to sink the price below the moving averages

On the other hand, if the price bounces off the moving averages, the bulls will again try to push the price above $0.0163957

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