Price Analysis 13/11: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX
Rakesh Upadhyay's original article for cointelegraph.com reduced by 73%
Until the buyers push the price above the 20-day EMA, the altcoin remains weak. If the bulls can push the price above $3.69, the EOS/USD pair can move up to $4.24 and above it to $4.8719. If the price sustains above $21.2378, it will resume the new uptrend that can carry it to $23.5213 and above it to $30.
The rising moving averages and the RSI in positive zone indicates that the bulls are in command. Traders can retain a stop loss on the long positions at $16. We will suggest trailing it to $17.5 if the price sustains above $21.2378.BSV/USD.
After a doji candlestick pattern on Nov. 12, Bitcoin SV dipped below the 20-day EMA today. Buying at lower levels has pushed the price back above the 20-day EMA, which shows that bulls are active at lower levels.
There is resistance at $155.38, above which the up move can reach $188.69.Conversely, if the pair sustains below the 20-day EMA, it can drop to the support line of the channel and below it to the 50-day SMA. We will wait for the price to sustain above the channel before recommending a trade in it. As the risk to reward ratio is attractive, traders can buy if the price sustains above $0.0204880 for about four hours.
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CN [too long; didn’t read]
Summarised crypto news.