Positional traders should avoid trading when the range is tight and shrinking.
Traders can trail their stop loss higher to $0.45.BCH/USDBitcoin Cash has pulled back from the overhead resistance at $660.0753.
Traders who have partial positions left can keep a stop loss of about $480, which is just below the 50-day SMA.EOS/USDEOS has been trading close to the midpoint of the range for the past three days.
Any pullback is likely to find support at the trendline, and below that at the 20-day EMA.If the XLM/USD pair breaks above the channel, it is likely to pick up momentum, break out of the immediate resistance at $0.304, and rally towards its target objective of $0.36.
Traders left with partial long positions on our recommendations can close them at $50.If the bulls succeed in holding the critical support zone and show signs of a rebound, we might suggest to go long again.
In such a case, the downtrend will resume and can push prices to the next support levels at $40 and $32.ADA/USDFor the past three days, Cardano has been trading close to the moving averages that have flattened out.
A new trend will start on a break out of $0.094256, or on a break down of the support at $0.060105.
XMR/USDThe attempt to pull back from close to $102.6 is facing resistance at the 20-day EMA. If the bulls fail to scale the moving average, Monero is likely to drop to the bottom of the tight range at $100.453.The XMR/USD pair has successfully held the support at $100.453 on a closing basis on three previous occasions.
Contrary to our expectations, if the bears break below the range, a fall to the critical support at $81 is probable.
If the bears break below the bottom of the tight range, a drop to the critical support at $0.0183 is probable.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, Nov. 12
Udgivet den Nov 12, 2018
by Cointele | Udgivet den Coinage
Coinage
Nævnt i denne artikel
Seneste nyheder
Se alt
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.