ready to put in a bottom and subsequently see a reversal to the upside. Meanwhile, lets look at the price charts and assess the damage caused by this sudden fall. Subsequently, the pair broke down and made a new intraday low.466. The EOS/USD pair will pick up momentum if it sustains above.8299. The pattern target of the breakdown is 192.93. Ripple (XRP xRP remained flat this week with no major movements and news as all eyes were on Ethereum.
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When an asset class enters a protracted bear phase, such falls are to be expected because the sentiment is brittle and any adverse news can cause panic among the traders. The attempt to break below the range in free moon bitcoin March didnt find sellers in the lower levels hence prices moved back to the range. It has a strong support at the moving averages and at 109.220. The bulls could compensate for this news and arrest the fall, which would be a positive sign confirming demand at lower levels. ETH/USD, the symmetrical triangle in, ethereum has resolved on the downside, resuming the downtrend. XLM/USD Stellar has held above.184 since mid-December. If the price sustains below the 20-day EMA, it will indicate weakness. Hence it is better to wait until prices find support before making any trade.