Price Analysis 07/10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, ADA
Rakesh Upadhyay's original article for cointelegraph.com reduced by 57%
Either of these levels can act as a roadblock for the up-move, but if the bulls can push the price above the downtrend line, a resumption of the uptrend is likely. If the bulls can push the price above the moving averages, it will indicate demand at lower levels. Traders can buy on a close above the 50-day SMA and not wait for the price to break out and close above $0.27795.
We will wait for the buyers to push the price above the downtrend line of the wedge and signal a trend reversal before suggesting a trade in it. EOS/USDAfter consolidating in a tight range, the bulls are attempting to push EOS above the overhead resistance of $3.1534. The bulls have repeatedly failed to push the price above the 50-day SMA.
Therefore, we will wait for the BNB/USD pair to break out of the 50-day SMA and the descending channel before turning positive. Conversely, if the bulls push the price above $90.40 and the 20-day EMA, a move to $107 is possible.
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CN [too long; didn’t read]
Summarised crypto news.