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Wednesday

19 February 2020

Price Analysis Jan 15: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, TRX, XMR

Price Analysis Jan 15: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, TRX, XMR


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Our bullish view will be invalidated if the price turns down from the current levels or from $9,500 and plunges below the critical support at $7,856.76.

If the price scales above $173.841, a move to $197.75 is possible.

Our bullish view will be invalidated if the bears sink the price below $151.829.

Our bullish view will be invalidated if the bears sink and sustain the price below the neckline of the inverted H&S pattern.

If the price does not give up much ground from the current levels, it will indicate that the bulls are in no hurry to book profits.

However, if the bulls can sustain the price above $60, a rally to $66.1486 is possible.

Our bullish view will be invalidated if the bears sink the price below $50.

This shows that the buyers at keen to enter at higher levels.

Our bullish view will be negated if the BNB/USD pair turns down from the current levels and sustains below $16.

If the bulls can sustain the TRX/USD pair above $0.0163957 for three days, a rally to $0.0234 is likely.

Such a move will indicate that sellers are still active at higher levels.

We will watch the price action for some more time before proposing a trade in it.

14 and broke above the overhead resistance at $67.02 today.

However, the bulls have not been able to sustain the price above $67.02, which shows that sellers are active at higher levels.

If the price turns down from current levels, the XMR/USD pair is likely to remain range-bound between $57.1199 and $67.02 for the next few days.

A breakout and close (UTC time) above $67.02 will be a huge positive.

Our bullish view will be invalidated if the bears sink the price below $57.1199.

We will wait for the price to sustain above $67.02 before recommending a trade in it.

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cointelegraph.com
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