Price analysis 10/16: BTC, ETH, XRP, BCH, BNB, LINK, DOT, ADA, LTC, BSV

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Source: TradingViewThe flat moving averages and the RSI near 50 also point to a balance in between supply and demand.However, if the ETH/USD pair turns up from the existing levels or the uptrend line, the bulls will once again attempt to press the cost above the overhead resistance at $395. Buying in anticipation could quickly turn the trade into a loss.The XRP/USD set is currently range-bound in between $0.2295 and $0.26, hence, the bulls are most likely to buy near the support of the range.A trending move will start after the bulls press the price above $0.26 or the bears sink the set listed below $0.219712. If the BNB/USD pair increases from the $22.5646 support or the 20-day EMA, the bulls will again attempt to resume the uptrend.A strong rebound will recommend that the bulls are strongly building up on dips, while a weak rebound will suggest an absence of demand, hence, the bears could pounce on it.Therefore, traders can keep an eye on the strength of the rebound to figure out whether the up-move will resume or the rally will fizzle out at greater levels.LINK/ USDChainlink (LINK) turned down from the 50-day basic moving average ($11.22) on Oct. 13 however the positive thing is that the bulls are trying to jail the pullback at the 20-day EMA ($10.40). If the ADA/USD set rebounds off the 20-day EMA, the bulls will try to press the rate above the neckline.If they succeed, the set might begin a new uptrend that might reach $0.128062 and above it $0.1445. Source: TradingViewIf the bulls stop working to press the cost above the moving averages, the selling is likely to heighten and the bears will as soon as more attempt to sink the LTC/USD set below the uptrend line.

Buying in anticipation could quickly turn the trade into a loss.The XRP/USD set is currently range-bound between $0.2295 and $0.26, hence, the bulls are likely to buy near the assistance of the range.A trending move will begin after the bulls press the rate above $0.26 or the bears sink the set listed below $0.219712. If the BNB/USD set rises from the $22.5646 assistance or the 20-day EMA, the bulls will once again try to resume the uptrend.A strong rebound will suggest that the bulls are strongly collecting on dips, while a weak rebound will show a lack of demand, thus, the bears could attack on it.Therefore, traders can keep an eye on the strength of the rebound to determine whether the up-move will resume or the rally will fizzle out at greater levels.LINK/ USDChainlink (LINK) turned down from the 50-day easy moving average ($11.22) on Oct. 13 however the positive thing is that the bulls are attempting to arrest the pullback at the 20-day EMA ($10.40). If the ADA/USD pair rebounds off the 20-day EMA, the bulls will try to press the cost above the neckline.If they succeed, the set might begin a new uptrend that may reach $0.128062 and above it $0.1445.

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