In case of the present daily bullish candle close above the supply level of $0.38 and 50-day EMA then, traders can place a long trading position as XRP may have its target at $0.43.
The Blockchain Transparency Institute confirms the long-anticipated fears that most exchanges engage in wash trading. Their December report clears on Binance and Bitfinex only.
Should the bulls succeed in breaking up the supply level of $103, Ethereum price will rally to the north and target the strong supply level of $131.
The Bitcoin bullish rally will be anticipated in case there is a strong bullish candle that breaks and closes above the resistance level of $3,726.
Cardano price may rally towards the supply zone of $0.042 in case the bulls defend the demand zone of $0.027.
A breakdown at the demand level of $0.09 may be a short position with good candle pattern as confirmation for entries. Traders are advised to be patient before taking any position.
“Double bottom” pattern was formed as it is clearly seen on the chart which indicates that BSV price may hit $92 price level in which if the level is broken the coin may have its high at $96 price level.
The demand level of $0.25 may be the bears’ target. In case the demand level of $0.25 holds and the XRP price bounce, an upward trend may be experienced with $0.38 – $0.43 as its target.
Ethereum price is fluctuating above the $79 price level, price breakout is imminent. In case the bullish candle penetrates the supply level of $103 and close above it, $157 price level may be its target.
A breakout below the support level of $3,094 will further decline in Bitcoin price towards $2,261 – $1,500 price level. Traders can remain flat as long the consolidation continues.
In case the bears were able to break downside the demand zone of $0.027 then it will have its low at $0.022. Else, the Cardano price will bounce and rally to the north to have $0.032 – $0.042as its target.
The strong demand level of $0.13 was broken downside last week and Stellar price may have its low at the demand level of $0.10 as more strong bearish candles are forming which indicates that bears’ pressure is increasing.
The BSV coin (previously called Bitcoin Cash SV) may have its low at the support level of $64, only if the bears increase their momentum and break the demand level of $86 downside.
Should the demand level of $0.32 holds, XRP price will have its target at $0.43. In case the bearish candle penetrates the demand level of $0.32 and close below it, the coin will face the demand level of $0.25.
Ethereum may find its low at the $90 demand level in case the bears were able to break the demand level of $102 downside.