3rd Nov Cryptocurrency Updates…

  1. BTC/USD

If the bulls scale above the moving averages, a rally to the top of the range at $6,831.99 is probable.  The new uptrend can push prices to $7,400 and above it to $8,400. the virtual currency will attract selling that can drag it to $6,200. If this support breaks, a retest of $6,075–$5,900 will be in the cards. A breakdown of $5,900 can result in panic selling, quickly dragging prices to $5,450 and $5,000 levels. Therefore, we suggest maintaining the stops at $5,900.

  1. ETH/USD

We anticipate a trend reversal above $250. Therefore, traders can buy on a close above $250 with the stop at $188. The first target is a move to $322. If the ETH/USD pair turns down from either of the overhead resistances and breaks $188, it can retest the support at $167.32, below which the fall can extend to $136.

  1. XRP/USD

If the tight range resolves to the upside, the bulls are likely to buy, pushing prices higher to $0.55 and $0.62. Bullish view will be invalidated if the XRP/USD pair breaks down of the tight range. Such a move can push prices to the next support zone of $0.38838–$0.37185.

  1. EOS/USD

The EOS/USD pair might consolidate between $5–$6 for some more time. A break out of this range can carry the digital currency to $6.8299, whereas, a breakdown can sink it to $4.493.

We expect a new uptrend to start if the price sustains above $6.8299. Traders who are holding long positions can keep their stops at $4.90.

  1. BCH/USD

If the bulls carry the BCH/USD pair above $500, it will indicate strength and a rally to $600, followed by a move to $660 is possible. Traders can protect their long positions with the stops at $400.

The digital currency will resume its downtrend if the price breaks down from $408.0182. The next support on the downside is at $300.

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