Price Analysis 04/12: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX
Rakesh Upadhyay's original article for cointelegraph.com reduced by 50%
If the bulls can push the price above the 20-day EMA and sustain it, a rally to $173.841 is possible. We would recommend a long position after the price sustains above the 20-day EMA. Contrary to our assumption, if the ETH/USD pair fails to break out and sustain above the 20-day EMA, the bears will attempt to sink it to the recent low of $131.484.
Unless the price climbs and sustains above the 20-day EMA, the advantage will remain with the bears. We will wait for the price to make a decisive move above $16.50 before proposing a trade in it. The pair will turn bullish if the buyers can push the price above the downtrend line and the overhead resistance at $113.96.
Unless the price moves up sharply and sustains above $0.06, the bears will continue to hold the advantage. Conversely, if the bulls can carry the price above $0.06, it will attract buyers.
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CN [too long; didn’t read]
Summarised crypto news.