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close to the 50-day SMA. View photos, xRP/USD, a breakout of the overhead resistance.33108 and the resistance line of the descending channel will be the first indication that the bulls are back in action. The bulls will attempt to scale above this while the bears will try to defend. But if the price does not start an up move soon, it might face selling pressure again. Contrary to our expectation, if the bulls push the price above 62, a rally.2790 will be in the cards. Both the moving averages are trending up gradually and the RSI is trading close to the overbought zone. The uptrending moving averages and the RSI in the positive zone suggest that the path of least resistance is to the upside.
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Concerning the 20,000 mark, Bensonoff stated that it would be possible if there is a catalyst to start it off. The bulls are trying to bounce off the 20-day EMA. BNB/USD Binance Coin ( BNB ) has extended its fabulous run as it attempts to break out of the stiff overhead resistance. If the bulls scale this level, it will complete a double bottom pattern that has a target objective of 5,273.91.
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Though there is no word on the launch date yet, Bakkt continues to build a strong team. Both the moving averages are flattening out and the RSI has dipped back to the neutral zone. On the other hand, if the pair sinks below the 20-day EMA, it can fall.450. Therefore, we suggest traders retain the stop loss on the long positions.0240. The ascend might face minor hurdles between.40 and.45 and above it.50.55. But if the digital currency turns down from the current levels and slides below.02094452, it can drop.01830. The pair will turn negative on a breakdown and close (UTC time frame) below the range. With the 20-day EMA sloping up and the RSI close to the overbought level, the path of least resistance is to the upside. The trend remains firmly up as both the moving averages are sloping up and the RSI is in the overbought territory.
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