Latest Crypto price analysis

Recently Goldman Sachs and Mike Novogratz, CEO of galaxy digital invested 15million in the crypto custody service BitGo. Data from Pitchbook compiled bt JMP securities shows that there are likely to be 145 crypto and blockchain related deals by the end of this year well above the previous year count of 47.

Price wise some analysts believe that the calm in the markets is about to end. They expect BITCOIN to take a decisive direction within the next 1-2 weeks. Do the charts POINTS to a potential breakout or breakdown?

Let's Find it out!

BTC/USD

Bitcoin is failed to breakout of the over resistance at $6831.99 resulting in a move down. Currently the price is at the moving averages which might act as a support. However if the bears break this level the digital currency can slide to the next lower support at $6250.

ETH/USD

Ethereum remains weak it might retest the bottom of the range of $192.5-249.93 if the bear succeed breaking down of the range a retest of a Sept, 12 low of 167.12 is probable.

XRP/USD

Ripple has marginally dipped below the 20day EMA which shows profit booking at higher level. Both moving averages remain flat and the RSI is close to the neutral territory. This point to a consolidation in the short term.

BCH/USD

A lack of buying has pushed BITCOIN CASH to the support line of the symmetrical triangle. A breakdown of the triangle will resume the downtrend and sink prices to $300 with minor support at the Sept. 11 intraday low of $408.0182. Therefore traders should protect their long position within the stops at $400.

EOS/USD

there is nothing much happening in EOS as it continues to trade close to the moving averages. it has been trading inside the range $4.4930-6.8299 for the past two months. The flat moving averages and the RSI in the neutral territory suggest the equilibrium between the buyers and the sellers.

XLM/USD

Stellar broke out of the overhead resistance at $0.2498 On Oct, 17 and 18. However on both occasions the bulls could not the higher levels.

LTC/USD

Litecoin continuous to traders below both moving averages. Which is a negative sign, a break below $52 can result in a drop to the bottom of the range at $49.466-69.279 range since Aug. 14.

ADA/USD

Cardano turned down from the 50 days SMA on Oct 17. It is likely to find some support at $0.069 below which it can drop to the critical support at $0.060.

XMR/USD

After failing to scale above the moving averages in the past few days. Monero has again dipped below the support of $107.8. it can now slide to the next support at $100 below which is a drop to $81 is possible.

TRX/USD

Tron has been holding above the 20 day EMA for the past 4 days which is a positive sign, it will indicate a change in trend if the bulls break out and close UTC time frame above the overhead resistance at $0.028.

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