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Cryptocurrencies price prediction: Bitcoin Cash, Ripple & EOS - Asian Wrap 12 Feb

Cryptocurrencies price prediction: Bitcoin Cash, Ripple & EOS - Asian Wrap 12 Feb
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Cash Price Analysis: Is BCH/USD bullish enough to break 500 again?

After some bearish talk from central bankers today it seems crypto traders have ignored it all and pushed the market higher. BCH/USD is not one of the best performing cryptos on Tuesday but it is performing well. Volume is steady but nothing to write home about, I do feel it will need to pick up if the price is to challenge the recent high.

Ripple Price Analysis: XRP/USD facing ultimate resistance between $0.29 and $0.30

Ripple buyers refuse to give up control with the RSI staying in the overbought region despite the lower correction experienced in the last couple of days. The upward motion with the momentum indicator suggests that the path of least resistance is to the upside.

EOS Price Analysis: EOS/USD trends in an upward channel formation, crosses $5-level

EOS/USD is trending in an upward channel formation and has gone up from $4.91 to $5.27 this Tuesday. The price is currently hovering above the green Ichimoku cloud, SMA 20, SMA 50 and SMA 200. The RSI indicator is trending within the overbought zone, while the Elliott Oscillator has had six straight green sessions. Both of these indicators show increasing bullish sentiment.

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