Price Analysis 02/12: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX
Rakesh Upadhyay's original article for cointelegraph.com reduced by 48%
The bears will now try to sink and sustain the price below the support at $7,337. EOS/USDEOS is facing resistance at the 20-day EMA. However, the positive thing is that the price has not turned down sharply.
If the price slips below the support of the range, a drop to $11.30 is likely. If the bears succeed in sinking the price below the support zone, the downtrend will resume. The bears will now attempt to drag the price to the critical support at $0.0136655.
Conversely, if the price turns around from the current levels and breaks out of the 20-day EMA, the pair can move up to the 50-day SMA where it is again likely to face selling pressure. We will wait for the price to sustain above the 20-day EMA before turning positive.
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CN [too long; didn’t read]
Summarised crypto news.