If the bulls sustain above the 50-day SMA, a rally to the top of the range at $249.93 is probable.
When the markets become bullish, we will change the strategy and buy the breakouts, as waiting for the price to close above a certain level can result in missed trades.
A couple of days of consolidation is possible, after which the digital currency should resume its recovery and try to break out of $660.0753.EOS/USDEOS has risen close to the midpoint of the tight range of $5-$6. Both moving averages are flat, and the RSI is just above the 50 level.
The current bounce from around $5 might carry the EOS/USD pair to $6, above which a rally to $6.8299 is probable.
Traders can profit from the rally by initiating long positions on a close above $0.27, and keeping the stop loss at $0.20.LTC/USDThe bounce from the $47.246-$49.466 support zone has carried Litecoin to the 50-day SMA, triggering our buy recommendation made in a previous analysis.
Positional traders can go long on a close above $69.279.ADA/USDThe bears could not capitalize on the break down of the symmetrical triangle.
If the bulls push the price above $0.082207, the ADA/USD pair might rally to the minimum pattern target of $0.114618.
Aggressive traders can buy a close above $0.082207 with the stop loss placed below the intraday low of Oct. 31.
Though the movement inside the range is random, if the bulls succeed in sustaining above the moving averages, a gradual climb to the top of the range at $0.02815521 is probable.
A new uptrend might start if the price scales above $0.03.If buying dries up at current levels, the TRX/USD pair can slide to $0.02134798.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, November 5
Udgivet den Nov 5, 2018
by Cointele | Udgivet den Coinage
Coinage
Seneste nyheder
Se alt
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.