Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 19
Rakesh Upadhyay's original article for cointelegraph.com reduced by 40%
BCH/USDAfter failing to sustain above the overhead resistance of $332.58, Bitcoin Cash is facing some profit booking. If the price scales above $84.3439, we expect a quick move to the overhead resistance zone of $91-$100.A breakout of the resistance zone will complete a rounding bottom pattern that has a target objective of $159 and above it $180. Traders can buy a small portion - about 30% - of their usual position size on a breakout and close above $84.3439.
The rest of the position can be purchased above $100 with initial stop loss at $74.Contrary to our expectation, if the LTC/USD pair turns around from any of the overhead resistances and plunges below $74, it can correct to the 50-day SMA and below it to $62.450.EOS/USDEOS has been consolidating above the 20-day EMA for the past few days. A breakout of $5.6602 will indicate strength and can carry the price to $6.0726 and above it to $6.8299.On the contrary, if the EOS/USD pair turns down and dives below $5, it can decline to the $4.4930-$3.8723 support zone. BNB/USDBinance Coin surged on April 18 and has followed up with another strong move today.
If the XLM/USD pair breaks out and sustains above $0.120, it can move up to the downtrend line. If the bears can sink the price below $0.075920, it can decline to the 50-day SMA.On the other hand, if the ADA/USD pair breaks out of the downtrend line, it will again try to break out of the overhead resistance of $0.094256.
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CN [too long; didn’t read]
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