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 53%
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.
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CN [too long; didn’t read]
Summarised crypto news.