DashCoin price surpasses the first target – Analysis - 24-10-2019
DashCoin price managed to achieve the initial target at 64.40 and surpassed it to settle with a daily close below it, confirming the extension of the bearish wave on the short term basis, in its way to test 55.40 level that represents that next negative target.
Therefore, we will keep preferring the bearish trend in the upcoming sessions, pointing that holding below 64.40 represents an important condition for the continuation of the expected decline.
The expected trading range for today is between 55.40 support and 64.40 resistance
The expected trend for today: Bearish
Litecoin price breaks the support – Analysis - 24-10-2019
Litecoin price succeeded to break 52.00 level and holding with a daily close below it, which supports the continuation of our bearish trend expectations efficiently in the upcoming period, and the way is open for achieving our next target that reach 40.50.
The EMA50 forms a continuous negative pressure against the price, to keep preferring the bearish trend conditioned by holding below 52.00 level.
The expected trading range for today is between 40.00 support and 52.00 resistance
The expected trend for today: Bearish
Ethereum price approaches the target – Analysis - 24-10-2019
Ethereum price traded negatively yesterday to approach from our waited target at 149.10, affected by the previously completed head and shoulders pattern, which has negative targets that surpass the mentioned level to reach 135.50.
Therefore, we wait for more of the downside moves in the upcoming sessions, pointing that holding below 168.50 represents the initial condition for the continuation of the expected decline.
The expected trading range for today is between 149.10 support and 168.50 resistance
The expected trend for today: Bearish
Bitcoin price hits the targets – Analysis - 24-10-2019
Bitcoin price succeeded to achieve our extended targets at 7490.00 and settles below this level, supporting the chances for the continuation of the bearish trend on the short and medium term basis, in its way to achieve more of the negative targets that reach to 7000.00.
Therefore, the bearish trend will remain the dominant in the upcoming sessions unless breaching 7735.00 level and holding above it.
The expected trading range for today is between 7000.00 support and 7700.00 resistance
The expected trend for today: Bearish