EURGBP provides positive signal – Analysis – 5-12-2018
The provided positive signal recently by rallying above the minor bearish channel’s resistance at 0.8910 as appears on the chart, while the price needs to hold above this level to form good support against the bullish attempts followed by starting to target new positive levels that might start at 0.8980 followed by reaching 0.9035.
Stochastic reach to the overbought areas supports the bullish attempts by providing new positive momentum to increase the chances of the price stability above the current support and start recording the suggested positive targets.
Expected trading range for today is between 0.8900 and 0.9080
Expected trend for today: Bullish
Litecoin price resumes the decline – Analysis - 05-12-2018
Litecoin price returns to decline after facing the EMA50 yesterday, to continue moving inside the bearish channel that appears on the chart, waiting for more decline in the upcoming sessions, as our next target is located at 25.00.
The bearish channel organizes the suggested bearish wave, which its continuation conditions holding below 33.40.
Expected trading range for today is between 25.00 support and 33.40 resistance
Expected trend for today: Bearish
No news for Ripple price – Analysis - 05-12-2018
The tight range continues to dominate Ripple price trades, which shows very slight negative trading, which keeps our bearish overview valid as it is without any change, waiting to visit 0.24 level mainly, reminding you that it is important to hold below 0.42 to continue the expected decline.
Expected trading range for today is between 0.26 support and 0.42 resistance
Expected trend for today: Bearish
Ethereum price crawls downwards – Analysis - 05-12-2018
Ethereum price resumes its negative trades after the rise that it witnessed yesterday, to gradually approach 100.00$ barrier, to keep the bearish trend scenario valid for today, supported by the negative signal provide by stochastic.
Breaking the mentioned level will push the price towards 90.00 as a next station, while breaching 118.10 will stop the expected decline and lead the price to turn to rise.
Expected trading range for today is between 90.00 support and 115.00 resistance
Expected trend for today: Bearish