Price Analysis 20/09: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, ADA
Rakesh Upadhyay's original article for cointelegraph.com reduced by 78%
We expect the next leg of the up-move to start after the price breaks out and closes above $235.70. If bulls can push the price back above $81, the pair is likely to pick up momentum. The first target is $106 and above it the rally can extend to $125.
However, if bears sink the price below $67.4314, it will be a negative development. If the price slips below the moving averages and $3.6232, it can drop to the critical support of $3.1534. If bulls can push the price above the 50-day SMA, it will indicate an end of the downtrend.
If bulls can push the price above the moving averages, it can move up to $150, which is likely to act as a stiff resistance. If the price slips below the moving averages, it can dip to the yearly lows once again.
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Summarised crypto news.