Price Analysis Jan 01: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XTZ, XLM
Rakesh Upadhyay's original article for cointelegraph.com reduced by 77%
If the bulls fail to push the price above 50-day SMA within this week, it is likely to attract further selling that can drag the price towards $192.52.BCH USD daily chart. The traders can keep the stop loss on the long position at $38. The LTC/USD pair will turn bullish after the bulls sustain the price above $44.
Above this level, we anticipate a move to $50. Though the 50-day SMA might offer some resistance, it is likely to be crossed. If the price does not bounce sharply within the next couple of days, the bears will attempt to sink the price to $2.4001.EOS USD daily chart.
If the bulls can push the price above the 50-day SMA, a rally to $113.96 is possible. Traders can retain the stop loss on their long positions at $83. Contrary to our assumption, if the bulls fail to push the price above the 50-day SMA, the bears will again attempt to sink the price below the support at $92.693.
Though the level held, the bulls are struggling to push the price back above the moving averages. Contrary to our assumption, if the bulls can push the price above the moving averages, a move to $1.40 is possible.
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CN [too long; didn’t read]
Summarised crypto news.