Price Analysis 25/11: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX
Rakesh Upadhyay's original article for cointelegraph.com reduced by 71%
We expect the pullback to face resistance at $151.829 and above it at the 20-day EMA. If the price reverses direction from the overhead resistance and slumps below $131.484, a drop to the next support at $120 is possible. If the price quickly climbs and sustains above $151.829, it will indicate that the current fall was a bear trap.
Conversely, if the bulls keep the price above $0.22 during the next fall, it will indicate that the current fall was a bear trap. If the price turns down from the overhead resistance levels, the bears will attempt to sink the LTC/USD pair below the recent lows. EOS/USD.
EOS has corrected to the critical support at $2.4001. If the price turns down from this level, the bears will once again try to break below the support at $92.693. Our bearish view will be invalidated if the bulls push the price above the 20-day EMA.
We will wait for the price to signal a turn around before proposing a trade in it.
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CN [too long; didn’t read]
Summarised crypto news.