Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 17
Rakesh Upadhyay's original article for cointelegraph.com reduced by 56%
We will wait for the price to find support and indicate a resumption of the uptrend before suggesting a long position once again. Profit booking has dragged the price below the support at $0.37835. The bulls are attempting to hold the price above the 20-day EMA.The zone between the 20-day EMA and $0.33108 is likely to act as a strong support.
The price has dipped to the 20-day EMA, which is likely to act as a support. We will wait for the price to bounce off the support line of the channel before proposing a trade in it because a breakdown of the channel will turn the trend in favor of the bears. The price can now correct to the moving averages, which is likely to act as a strong support.
If the support holds, we expect the bulls to attempt to push the price back above $0.094256 once again.
Donate Bitcoin to this address
Scan the QR code or copy the address below into your wallet to send Bitcoin
Donate Ethereum to this address
Scan the QR code or copy the address below into your wallet to send Ethereum
Donate With MetaMask
Donate ETH With MetaMask
Alternatively, support us by using the following referral links:
CN [too long; didn’t read]
Summarised crypto news.