The bulls have a short-term advantage. If prices break out of $7,127, the BTC/USD pair can pick up momentum and scale above the level of $7,198.3. $7,504.68 might act as a minor resistance, above which the rally can extend to $7,940.89. Once the prices sustain above $7,200, the traders can raise their stops.
The digital currency will become range bound between $5,900.06 and $6,955.79. Bitcoin will turn negative only if the prices sustain below $5,900.
If the bears sink the prices below and the pair can slide to $249.93 and further to $205. However, wait for the market to overcome the negative trend as there will be a positive movement upward before the weekend.
If the trends are positive than we can target the pair up to 0.50$. If the bears sink the virtual currency below $0.31. Still don’t find any positive trend for trading.
Bitcoin Cash hasn’t done much in the past few days as it remains stuck between $500. The virtual currency will become negative if the $500–$473.906 support zone breaks down. Still don’t find any positive trend for trading.
EOS has stayed above for couple of days at the rate of $5.65. The possibility of a bullish price sustains above $6.5. The bullish view will be invalidated if the price turns down from $ 6.5.
The selling pressure has reduced and a change in trend is probable. The first sign of strength will be when the bulls break out and sustain above at $62.319. The short-term traders can stay on the long side once the virtual currency scales above $64. We need to wait bullish on the LTC/USD pair after it breaks out and sustains above $74 for couple of days. Positional traders should wait for additional positive trends.
NOTE: THE ABOVE PRICE ANALYSIS ARE GIVEN FOR REFERENCE PORPOSE ONLY AND NOT FOR TRADING.