Category: Litecoin

Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 10

Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 10

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Market data is provided by the HitBTC exchange.

The smart money sells when the whole market and especially the retail players are overly bullish. Similarly, these large players enter the markets when the sentiment is bearish and people are waiting to dump their positions. After the extended bear market and huge erosion in prices, retail traders are wary of entering the crypto markets.

The total Bitcoin trading volume has been on a decline for the past few months but the institutional players seem to be accumulating at the lower levels. The trades by institutions, when compared to the total volume, have increased from 15 percent in January of this year to 19 percent in April, according to a report by Diar.

Back in July of last year, institutional trades rose to 24 percent of the total but it soon petered out with the breakdown of the $5,900 support on Bitcoin. The current rise in volume shows that institutions are confident of a recovery this time.

Facebook is seeking up to $1 billion in venture capital to develop its digital currency — rumored to be a stablecoin that will be pegged to a basket of fiat currencies — according to the New York Times. These developments show that serious money is waiting to invest in the nascent asset class at every available opportunity. Will this result in a sustained uptrend or will the rally fizzle out again? Let’s look at the charts.

BTC/USD

After a minor correction on April 9, Bitcoin (BTC) is attempting to resume its recovery. Both the moving averages are sloping up and the RSI is in the overbought zone. Deeply overbought readings on the RSI warn that the up-move is getting overextended. However, if such a reading is seen during the rally after an extended downtrend, it suggests that the bulls are unwilling to book profits after a short upswing and a trend change is in the offing.

BTC/USD

Above $5,309.31, the BTC/USD pair can rally to $5,674.84 and if this level is crossed, the next major barrier is $5,900. We anticipate a stiff resistance at $5,900, hence, traders can book profits on the remaining long positions between $5,600 and $5,900.

Contrary to our expectation, if the pair reverses direction from the current levels, it can drop to the $4,914.11–$4,800 support zone. If this zone also fails to provide support, the next stop is the 20-day EMA. We expect this level to hold. Hence, traders can keep a stop loss of $4,600 for now.

ETH/USD

Ethereum (ETH) has been sustaining above the breakout level of $167.32 for the past three days, which is a bullish sign. As it has broken out of an ascending triangle pattern, it has a target objective of $251.64.

ETH/USD

Both the moving averages are trending up and the RSI is close to the overbought zone. This suggests that the bulls are in a strong position.

Any correction from the current levels will find support at $167.32 and below it at the 20-day EMA. We expect the ETH/USD pair to bounce from one of these support levels. Hence, we have recommended a stop loss of $150 on the remaining long position. If the 20-day EMA breaks down, the slide can extend to the 50-day SMA and below it to the trendline of the ascending triangle. We will raise the stops again in a couple of days.

XRP/USD

Ripple (XRP) continues to trade in a tight range. It has been taking support close to $0.350 for the past four days. A breakdown of this level can drag the price to the support at $0.33108. The 20-day EMA is just above this level, hence, we expect the support to hold.

XRP/USD

On the other hand, if the XRP/USD pair rises from the current levels, it can move up to $0.40, above which a rally to $0.45 is probable. The 20-day EMA is sloping up and the RSI is in the positive territory, which suggests that the bulls are at a marginal advantage. We like the way the pair has held above the descending channel after breaking out of it. However, the failure to attract buyers even when the sentiment is improving across the sector is a negative sign. Currently, we remain neutral on the digital currency.

LTC/USD

Litecoin (LTC) is in a strong uptrend. The correction from close to $98 did not even reach the 20-day EMA, which shows that the bulls are aggressively buying the dips. With the current three-day correction, the RSI has alleviated its deeply overbought readings. Both the moving averages continue to slope up. All these confirm that the bulls are in the driver’s seat. On a breakout and close above $100, the digital currency can rally to $159 and above it to $180.

LTC/USD

On the downside, the LTC/USD pair can correct to the 20-day EMA. The resistance line of the ascending channel is also located at this level. Hence, we expect a strong bounce off this support. We shall try to re-enter the long positions again if we spot a favorable buy setup. However, if the pair slumps below the 20-day EMA, it will lose momentum and can fall to the 50-day SMA.

BCH/USD

Following the sharp up-move on April 2 and 3, Bitcoin Cash (BCH) has been consolidating in a range of $272.41 to $332.58. The price turned down from the top of the range on April 8 and can now decline to the bottom of the range at $272.41. If this support breaks, a fall to $239 is probable. Traders can trail the stops on the remaining long positions to $265.

BCH/USD

As both the moving averages are sloping up and the RSI has corrected from its deeply overbought level, the trend favors the bulls. If the BCH/USD pair breaks out of $332.58, it can resume the uptrend. On a breakout above $363.30, it can move up to $468.73, with a minor resistance at $400.

EOS/USD

After rising gradually for the past few days, EOS made a decisive move today. It is now on target to reach the overhead resistance of $6.8299. Both the moving averages are sloping up, which shows that the trend is up. However, as the RSI has entered into overbought territory, we suggest traders trail the remaining long positions with a close stop loss.

EOS/USD

The zone between $6 and $6.8299 is likely to act as a stiff resistance. If the EOS/USD pair turns down from this resistance zone, it might remain range bound between $4.4930 and $6.8299 for a few more days. Contrary to our assumption, if the bulls succeed in pushing the price above $6.8299, a rally to $9 is possible.

BNB/USD

We had proposed trailing the stop loss on the remaining long positions below the 20-day EMA in our previous analysis. As Binance Coin (BNB) dipped below the 20-day EMA on April 9, it triggered our suggested stop loss.

BNB/USD

The BNB/USD pair is attempting to bounce off the 20-day EMA, which is a positive sign. If successful, it will again try to break out of the overhead resistance at $22 and retest the lifetime highs.

However, the negative divergence on the RSI is a warning sign. If the price sustains below the 20-day EMA, it can slide to the 50-day SMA. The trend remains bullish. We shall wait for a new buy setup to form before recommending long positions once again.

XLM/USD

Stellar (XLM) has dipped back close to the 20-day EMA, which is likely to offer strong support. If the price rebounds from the current levels, it is likely to reach the overhead resistance at $0.14861760. This level will act as a major roadblock, but if the bulls push the price above this level, we can expect the downtrend to be over.

XLM/USD

Both the moving averages are gradually sloping up, which shows that the bulls have the upper hand. But if the XLM/USD pair fails to bounce off the 20-day EMA, it can slide to the 50-day SMA. Therefore, traders can keep a stop loss of $0.1130 on the remaining long position.

ADA/USD

Cardano (ADA) is trying to rebound from the breakout level of $0.082952. This is a positive sign as it shows that the bulls are keen to defend the first support level. If the cryptocurrency can rise above $0.094256 levels once again, the probability of a rally to $0.112598, followed by a move to $0.20 increase. The uptrending moving averages and the RSI close to the overbought level suggests that the bulls are in command.

ADA/USD

However, if the bulls fail to scale above $0.094256, the ADA/USD pair might consolidate for a few days between $0.082952 and $0.094256. It will lose momentum if the price plummets below the 20-day EMA. Therefore, traders can protect the remaining long positions with a stop of $0.080.

TRX/USD

Tron (TRX) formed an inside day candlestick pattern on April 9 and followed it up with another small range day today. This shows consolidation following the breakout of the range at $0.02815521.

TRX/USD

The 20-day EMA is sloping up and the RSI is in the overbought zone. This shows that the path of least resistance in the short term is to the upside. The TRX/USD pair should now try to move up to the first target objective of $0.040 and above it to $0.0480. The traders can keep a stop loss of $0.0240 on the long positions.

Our bullish view will be invalidated if the bears sink the pair below the support of $0.02815521. If the price re-enters the range, it will indicate that the current breakout was a bull trap.

Market data is provided by the HitBTC exchange. Charts for analysis are provided by TradingView.

cointelegraph.com

The post Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 10 appeared first on One Btc News Today.

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Tron, Cardano: Price Analysis, March 18

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Tron, Cardano: Price Analysis, March 18

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

The market data is provided by the HitBTC exchange.

Ethereum (ETH) co-founder Joseph Lubin expects the global economy to grow 10 times in the next 10 to 20 years, powered by the mass use of blockchain technology. According to him, the current condition of the nascent space is similar to the use of email in 1983, when only a handful of early adopters were using it.

Tyler and Cameron Winklevoss, founders of the Gemini crypto exchange, have welcomed Facebook’s rumored stablecoin. However, they said that cryptocurrencies will usher in a greater disruptive development compared to the social networking platforms.

Gradually, large traditional players in various fields are recognizing the power of blockchain technology and cryptocurrencies, partnering with various startups to gain the first mover advantage. Different nations are also not leaving any stone unturned to make the most of the budding technology.

These developments are positive for the future. Nevertheless, the price is yet to respond to improved fundamentals. What do the charts of the major cryptocurrencies project? Let’s find out.

BTC/USD

Though Bitcoin (BTC) has been rising above the psychological resistance of $4,000 for the past three days, it has not been able to sustain it. This shows profit booking at higher levels. If the price doesn’t close above $4,000 soon, we anticipate a mild correction to the 20-day EMA and below it to the uptrend line.

If the digital currency rebounds sharply from either of the supports and breaks out of $4,000, it will be a positive sign. It is then likely to rally to $4,255, which is a major hurdle. A close (UTC time frame) above $4,255 will complete a double bottom, which has a pattern target of $5,273.91.

Currently, both the moving averages are sloping up and the RSI is in the positive territory. Hence, the path of least resistance is to the upside.

BTC/USD

Our bullish view will be invalidated if the BTC/USD pair dips below the moving averages. On a fall below the 50-day SMA, the pair can drop to $3,355. Below this level, the final support is at $3,236.09. The downtrend will resume if the bears sink the price to a new yearly low.

Traders can retain the stop loss on the long positions below $3,236.09. We shall soon trail the stops higher to reduce the risk. We might suggest adding long positions on a close above $4,255.

ETH/USD

Ethereum (ETH) failed to sustain above $144.78 on March 16. This shows a lack of buying at higher levels. The price has again dipped back to the 20-day EMA, below which a fall to $134.50 is probable. Both the moving averages have started to slope up, which indicates a minor advantage to the bulls.

ETH/USD

A breakout and close above $144.78 can result in a move to the next overhead resistance of $167.32. If this level is also crossed, it will complete a bullish ascending triangle pattern that has a target objective of $251.64.

On the other hand, if the ETH/USD pair plunges below the moving averages, it can slide to the trendline of the ascending triangle pattern. Traders can keep the stops on the remaining long positions at $125.

XRP/USD

Ripple (XRP) has been trading close to the moving averages for the past few days. This period of consolidation is unlikely to continue for long. We expect a decisive breakout or a breakdown within the next few days.

XRP/USD

A breakout of $0.33108 will propel the XRP/USD pair to the resistance line of the descending channel. If the bulls succeed in pushing the price above the channel, we expect the pair to pick up momentum and start a new uptrend.

On the other hand, if the digital currency plunges below the uptrend line of the ascending triangle, it can drop to the next support at $0.27795. Below this level, a drop to $0.24508 is possible. Traders can protect their long positions with the stop loss just below $0.27795.

LTC/USD

Litecoin (LTC) broke above the resistance line on March 16, but it is facing profit booking at higher levels. If the price rebounds off $56.910, it will indicate strength and a rally to $65.561 is probable. Above this level, the up move can extend to $69.2790. Though the price has been moving up, the RSI has failed to catch up. This negative divergence on the RSI is worrying us. Traders can trail the stops on the remaining long positions to $52.

LTC/USD

We are not recommending booking complete profits at the current levels because, in a bull phase, the negative divergence on the RSI can often give a false signal. Notwithstanding, since it is a warning sign, we have proposed trailing the stops to protect the paper profits.

If the LTC/USD pair breaks down of the 20-day EMA, it can slide to the next support at $47.2460. The 50-day SMA is just below this level. A breakdown of this support will indicate weakness.

EOS/USD

EOS has been struggling to breakout of $3.8723, but is finding support close to the 20-day EMA. Both the moving averages are gradually trending up, and the RSI is in the positive territory, which shows that the bulls have a slight edge.

EOS/USD

If the EOS/USD pair sustains above $3.8723, it can move up to $4.4930. But if the pair turns down from the current levels and breaks below the 20-day EMA, a fall to $3.1534 is probable. Below this support, the trend will turn in favor of the bears. Therefore, traders can retain the stops on the remaining long positions at $3.1. We shall soon trail it higher.

BCH/USD

Bitcoin Cash (BCH) has quickly risen to the overhead resistance of $163.89. The attempt to breakout and sustain above it has failed. Still, with the 20-day EMA starting to slope up and the RSI in the overbought zone, the path of least resistance is to the upside. Above $163.89, it can rally to $175 and above it to $220.

BCH/USD

If the BCH/USD pair fails to scale above $163.89, it will again slide back to the 20-day EMA. The trend will turn negative if the bears sink the price below $120.46, and traders can retain the stop loss on the long positions at $116. We shall watch for a couple of days and then recommend trailing the stops higher.

BNB/USD

Binance Coin (BNB) broke out of the overhead resistance at $15.9100517 on March 16. We expected it to continue higher after breaking out of the resistance. However, the digital currency is stuck near the breakout levels for the past two days.

BNB/USD

A breakout of $16.6442826 can propel the BNB/USD pair to its target objective of $18. Both the moving averages are trending up and the RSI is in the overbought zone, which shows that the bulls have the upper hand.

However, if the price again slips back below $15.9100517, it will indicate profit booking at higher levels. The support on the downside is at the uptrend line and below it at 20-day EMA. If the 20-day EMA breaks down, the short-term trend will turn in favor of the bears. Therefore, please trail the stop loss on the remaining long positions to $14.

XLM/USD

Stellar (XLM) is consolidating near the recent swing high, which is a positive sign. The 20-day EMA is sloping upward and the RSI is close to the overbought zone, which suggests that the bulls are in command.

XLM/USD

On the upside, the XLM/USD pair has to breakout of the resistance line to pick up momentum. The targets are $0.13250273 and above it, $0.14861760.

Our bullish view will be invalidated if the price turns down from the current levels and slips below the 20-day EMA. In such a case, a fall to the uptrend line is probable. The traders can keep the stop loss on the long positions at $0.08.

TRX/USD

Though Tron (TRX) broke out of the 20-day EMA on March 16, it turned back from the 50-day SMA. The bulls could not keep up the buying pressure and it is currently struggling to hold the 20-day EMA.

TRX/USD

Both the moving averages are sloping down and the RSI has also slipped into the negative territory, which suggests that the bears have the upper hand. The TRX/USD pair will pick up momentum above $0.02815521. Until then, the bears are likely to sell on rallies.

On the downside, support lies at $0.02094452. If this level breaks, the next one to watch is $0.01830. We remain neutral on the digital currency until it breaks out and sustains above the range.

ADA/USD

Cardano (ADA) broke above the $0.036815 to $0.051468 range on March 16, but did not trigger our buy mark of $0.05650 suggested in the previous analysis. However, it has not given up much ground as is trying to hold above the previous resistance-turned-support of $0.51468. This is a positive sign, as it shows that the bulls are in no hurry to book profits.

ADA/USD

If the ADA/USD pair picks up strength and rallies above $0.05650, we expect it to reach $0.066121 and above it to $0.080. Therefore, we retain the buy suggested in the previous analysis.

Contrary to our assumption, if the price sustains below $0.051468, it can drop to the 20-day EMA, which should provide support. If this support breaks, the pair will extend its stay in the range.

The market data is provided by the HitBTC exchange. The charts for the analysis are provided by TradingView.

cointelegraph.com

The post Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Tron, Cardano: Price Analysis, March 18 appeared first on One Btc News Today.

Largest Swiss Online Retailer Digitec Galaxus Now Accepts Cryptocurrencies

Largest Swiss Online Retailer Digitec Galaxus Now Accepts Cryptocurrencies

Largest Swiss Online Retailer Digitec Galaxus Now Accepts Cryptocurrencies 1

Leading Swiss online retailer Digitec Galaxus has announced that it will now accept cryptocurrencies, according to a press release published on March 19.

Per the announcement, the shop is now accepting Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Ethereum (ETH), Ripple (XRP), Binance Coin (BNB), Litecoin (LTC), Tron (TRX), NEO (NEO) and OmiseGO (OMG) for purchases worth over CHF 200 (about $200). The release further claims that the shop hosts around 2.7 million products, ranging from wheat beer to gaming PCs.

The new payment method was reportedly jointly developed as part of a pilot project with Swiss payment processor Datatrans and in collaboration with Danish crypto payments startup Coinify. The system opens 15-minute-time windows for customers, during which the crypto exchange rate doesn’t change in order to make the payment with a fee of 1.5 percent.

As part of its move towards crypto, the company also added a crypto wallet category to ecommerce platform, accompanied by a dedicated guide, and released a blog post under the title “Diamonds or Gold Are Better Suited to Get Rid of Illicit Money.” In the latter post, the company’s chief innovation officer Oliver Herren admitted that he is not fully convinced of the advantages of blockchain over traditional database systems. Still, he concludes:

“But maybe I just haven’t invested enough time in fully understanding how the blockchain ecosystem works.”

Lastly, the company also released a blog post dedicated to its internal engineering team behind crypto integration. In the post, which is mostly an interview, the company explains on a high-level what blockchain is.

According to ecommerce data platform ecommerceDB, Digitec Galaxus’ net sales amounted to over $261 million in 2018 and the store, first launched in 2010, is the world’s 341st biggest online retailer.

Other large retailers internationally have also looked into the idea of adding crypto payments options on their platforms, with Overstock.com’s acceptance of Bitcoin payments as early as 2014 as a major example.

As Cointelegraph reported in April last year, Canadian online trading and barter platform Bunz Trading Zone is launching its own cryptocurrency.

Also, in February last year, Japan’s largest e-commerce company Rakuten, with a market capitalization of over $12.5 bln, announced its own plans to launch a cryptocurrency called Rakuten Coin.

cointelegraph.com

The post Largest Swiss Online Retailer Digitec Galaxus Now Accepts Cryptocurrencies appeared first on One Btc News Today.

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Stellar, Binance Coin, Tron, Cardano: Price Analysis, March 20

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Stellar, Binance Coin, Tron, Cardano: Price Analysis, March 20

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Market data is provided by the HitBTC exchange.

Binance Launchpad completed the sale of $4 million in Celer Network (CELR) tokens within 17 minutes and 35 seconds. This is the third such successful launch by the company. This shows that the market appetite is increasing for new coins that strong use cases.

Avnet, Inc, distributors of electronic components and technology solutions providers and Swiss online retailer Digitec Galaxus will accept cryptocurrencies. We expect many other players to go down the crypto path in the future. This will help bring crypto to the masses and realize the potential of crypto as a medium of exchange.  

Blockchain and cryptocurrencies are path-breaking technologies. However, it is difficult to change the attitude of the people accustomed to using outdated systems and platforms. To give the nascent space a favorable push among the lawmakers, the number of lobbyists working on blockchain technology issues in Washington D.C. tripled in 2018.

Though fundamentals have been improving, the price of cryptocurrencies has been slow to respond. Nevertheless, a few major digital currencies have risen sharply from the yearly lows. Are they good for more, or will the rally stall? Let’s find out.

BTC/USD

Bitcoin (BTC) has been trading in a tight range between $3,950 and $4,035 for the past three days. Usually, a tight consolidation is followed by a range expansion. We expect the bulls to propel the price towards the overhead resistance of $4,255. This level will also act as a stiff resistance. But if the digital currency breaks out and sustains above $4,255, it will complete a double bottom pattern that has a target objective of $5,273.91.

Both the moving averages are sloping up and the RSI is in positive territory. This shows that the bulls have the upper hand.

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Stellar, Binance Coin, Tron, Cardano: Price Analysis, March 20 2

Contrary to our expectation, if the BTC/USD pair turns down from the current levels and breaks below the uptrend line, it can dip to the 50-day SMA. If this support also breaks, a fall to $,3575 is probable.

The trend will turn negative on a breakdown to new yearly lows. Such a move will dent the sentiment and can prolong the existing bear market. Therefore, traders can keep the stop loss on the long positions below $3,236.09.

ETH/USD

Ethereum (ETH) is holding the 20-day EMA for the past two days. But it has failed to breakout and rally above $144.78. We anticipate a strong decisive move within the next few days.

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Stellar, Binance Coin, Tron, Cardano: Price Analysis, March 20 3

If the bulls scale $144.78, a quick rally to $167.32 is likely because there is no resistance in between these two levels. On a close (UTC time frame) above $167.32, the ascending triangle pattern that has a target objective of $251.64 will complete.

Conversely, if the bears sink the ETH/USD pair below the 50-day SMA, a fall to $116.3 is probable. Traders can protect the remaining long positions with stops at $125.

XRP/USD

Ripple (XRP) continues to consolidate in a tight range. This shows a balance between buyers and sellers. The flat moving averages and the RSI close to 50 suggests that the range bound action might continue for a few more days.

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Stellar, Binance Coin, Tron, Cardano: Price Analysis, March 20 4

The next trending move will start either on a breakout of the overhead resistance of $0.33108 or a breakdown from the uptrend line of the ascending triangle.

On the upside, the target levels to watch out for are the resistance line of the descending channel and above it $0.40. Above this level, the XRP/USD pair is likely to pick up momentum. On the downside, $0.27795 is an important support, below which the slide can deepen to $0.24508. Therefore, traders can retain the stops on the long positions below $0.27795.

LTC/USD

Litecoin (LTC) is trying to bounce off the support at $56.910. If the bulls can push it above $62.45, it will indicate strength. The next level to watch on the upside is $65.561 and above it $69.2790.

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Stellar, Binance Coin, Tron, Cardano: Price Analysis, March 20 5

Both the moving averages are sloping up, which shows that the bulls have the upper hand. Still, we continue to watch the negative divergence on the RSI closely.

If the LTC/USD pair reverses direction and plummets below the 20-day EMA, it can drop to the 50-day SMA. Therefore, we suggest traders keep the stop loss on the remaining long positions at $52.

EOS/USD

The bulls again bought the dip below the 20-day EMA, which indicates demand at lower levels. However, EOS is facing resistance close to $3.8723. The price is largely stuck between these two levels. We expect the digital currency to break out of the overhead resistance or break down of the 20-day EMA within the next few days.

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Stellar, Binance Coin, Tron, Cardano: Price Analysis, March 20 6

On a breakdown below the 20-day EMA, the EOS/USD pair can slide to the 50-day SMA and below it to $3.1534. We anticipate a strong support around these levels, hence, we propose a stop loss of $3.10 on the remaining long positions.

Conversely, if the bulls push the price above $3.8723, a rally to $4.4930 is probable. The up-sloping moving averages and the RSI in the positive territory suggest that the path of least resistance is to the upside.

BCH/USD

Bitcoin Cash (BCH) has been trading close to the overhead resistance of $163.89 for the past three days. This shows that the bulls are in no hurry to book profits. The moving averages have started to slope up gradually and the RSI is close to the overbought zone. This shows that the bulls are in command.

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Stellar, Binance Coin, Tron, Cardano: Price Analysis, March 20 7

A breakout and close above the BCH/USD pair will carry the price to $175 and above it to $220. Eventually, we expect the pair to reach the stiff overhead resistance of $239. Therefore, traders can keep the stop loss on their long positions at $116.

Contrary to our assumption, if the digital currency turns down from the current levels, it can correct to the 20-day EMA and below it to the 50-day SMA.

XLM/USD

Stellar (XLM) rallied to the resistance line on March 18 but could not break out of it. Profit booking has again pushed the digital currency back into the range. However, the 20-day EMA is sloping up and the RSI is close to the overbought zone. This suggests that the bulls are at an advantage.

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Stellar, Binance Coin, Tron, Cardano: Price Analysis, March 20 8

If the XLM/USD pair breaks out of the resistance line, it can rally to $0.13250273 and above it to $0.14861760. We expect the 20-day EMA to act as a support on any dip.

Our bullish assumption will be negated if the pair plunges below the 20-day EMA and slides to the 50-day SMA. For now, traders can retain the stops on the long positions at $0.08. We shall soon trail it higher to $0.10.

BNB/USD

Binance Coin (BNB) has dipped below $15.9100517 and is retesting the support at $15. The small uptrend line also lies at this level and the 20-day EMA is just below it. We expect this support zone between $15 and the 20-day EMA to hold.

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Stellar, Binance Coin, Tron, Cardano: Price Analysis, March 20 9

Both the moving averages are trending up and the RSI is close to the overbought zone. This suggests that the bulls are in command.

If the BNB/USD pair rebounds from the support zone, it will again attempt to break out of the overhead resistance and move towards its target objective of $18. On the other hand, a breakdown of the 20-day EMA can sink the price to the 50-day SMA. Traders can, therefore, keep the stop loss on the remaining long positions at $14.

TRX/USD

Tron (TRX) has been trading close to the 20-day EMA for the past six days. The small trading ranges suggest a balance between buyers and sellers. However, this is unlikely to continue for long. We should see an increase in volatility within the next few days.

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Stellar, Binance Coin, Tron, Cardano: Price Analysis, March 20 10

A breakout of the 20-day EMA can carry the TRX/USD pair to the critical overhead resistance of $0.02815521. If the bulls break out and sustain above the range, the pair is likely to start a new uptrend.

On the other hand, if the digital currency turns down from the current levels, it can drop to $0.02094452 and if this level also breaks, the slide can stretch to $0.01830.

ADA/USD

Cardano (ADA) has again risen above the overhead resistance of $0.051468. This is the second time the bulls have scaled the resistance within four days. Now, if the price moves above $0.05650, it is likely to start a new uptrend.

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Stellar, Binance Coin, Tron, Cardano: Price Analysis, March 20 11

The first target on the upside is $0.066121, above which the move can extend to $0.080. Therefore, traders can initiate long positions above $0.05650 and keep a stop loss at $0.044. We shall soon trail it to $0.048.

Our bullish view will be invalidated if the ADA/USD pair falls back into the $0.036815 to $0.051468 range. Such a move will extend the consolidation for a few more weeks.

Мarket data is provided by the HitBTC exchange. Charts for analysis are provided by TradingView.

cointelegraph.com

The post Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Stellar, Binance Coin, Tron, Cardano: Price Analysis, March 20 appeared first on One Btc News Today.

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Tron, Cardano: Price Analysis, March 22

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Tron, Cardano: Price Analysis, March 22

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Market data is provided by the HitBTC exchange.

The crypto markets are eagerly awaiting the launch of institutional trading platform Bakkt. Its launch is expected to attract large investors whose involvement is needed to propel markets to the next level. Without even starting operations, investors are already valuing it at $740 million. This is likely to increase further if it can generate large volumes. However, some investors doubt whether it can live up to its expectations and earn enough to justify its valuations.

The volumes of the crypto exchanges have been under the scanner as The Tie published a report recently, which suggested that most reported volumes are fake. This puts the total volume of LBank and Bit-Z — which have overtaken the leading exchange Binance — in question.

As the market matures, fake reporting is likely to be severely dealt with, as seen in the case of South Korean cryptocurrency exchange Komid, where two of its leaders were handed a jail sentence.

If the crypto markets bottom out, volumes will pick up. Let’s consult the charts and see if we find a new uptrend in any of the major cryptocurrencies.

BTC/USD

Bitcoin (BTC) has been crawling higher for the past few days, but it is yet to make a dash towards the overhead resistance of $4,255. On the downside, it is taking support at the 20-day EMA and below it at the uptrend line. Both the moving averages are trending higher and the RSI in positive territory, which indicates that the bulls have the upper hand.

BTC/USD

If the BTC/USD pair does not scale $4,255 within the next few days, traders are likely to book profits that will drag prices lower. Aggressive bears might also initiate short positions if the pair fails to rise above the overhead resistance.

A breakdown of the 20-day EMA will be the first signal that the bulls are losing their grip. The bears will be back in the driver’s seat if the price sustains below the 50-day SMA. Critical levels to watch on the downside are $3,355 and below it $3,236.09. If the bears sink the digital currency below $3,236.09, it will hurt sentiment and result in panic selling, dragging prices lower.

The cryptocurrency will pick up momentum above $4,255 because it will complete a double bottom pattern that has a target objective of $5,273.91. Traders can trail the stops on the long positions higher to $3,550, in order to reduce the risk.

ETH/USD

Ethereum (ETH) has formed a small ascending triangle inside a larger ascending triangle pattern. The smaller ascending triangle will complete on a breakout and close above $144.78. The pattern target of this breakout is $163.68, but we anticipate the price to move up to $167.32. On a close above $167.32, the larger ascending triangle will complete that has a pattern target of $251.64.

ETH/USD

However, a breakdown of the 50-day SMA will invalidate the small ascending triangle and can result in a fall to the trendline of the larger ascending triangle. On a break below this, the bullish pattern will be negated and the ETH/USD pair can fall to $102.49.

The 20-day EMA has flattened out and the RSI is close to the midpoint, which suggests consolidation in the near term. Traders can keep a stop loss of $125 on the remaining long positions.

XRP/USD

There is hardly any volatility in Ripple (XRP). It continues to trade close to the moving averages. The attempt to breakdown of the uptrend line of the ascending triangle found buyers at lower levels on March 21. The price is again back above the trend line.

XRP/USD

If the support breaks, the XRP/USD pair can dip to $0.27795. We expect a strong support at this level, but if this also breaks, the next support to watch out on the downside is $0.24508. The flat moving averages and the RSI close to 50 suggests consolidation for a few more days.

On the other hand, if the pair bounces off the current levels, it can move up to $0.33108, above which a rally to the resistance line of the channel is probable. A move above the channel will signal a trend change and can carry the price to $0.40. Traders can keep the stops on the long positions below $0.27795.

LTC/USD

Litecoin (LTC) is currently stuck between $56.910 and the resistance line. The bulls have held the support but have failed to push the price above the overhead resistance. Both the moving averages are sloping up and the RSI is still in the positive zone. This suggests that the path of least resistance is to the upside. However, the failure of the RSI to break out of the negative divergence is concerning.

LTC/USD

On a breakdown of the 20-day EMA, the LTC/USD pair can correct to the 50-day SMA. Therefore, traders can trail the stops on 50 percent of the remaining long positions to $55 and keep the rest at $52. If the pair bounces off the current levels and scales above $62.45, it can rise to $69.2790.

EOS/USD

EOS has again failed to break out of the overhead resistance at $3.8723. This is a negative sign. The bears are now likely to attempt to sink the digital currency to the 50-day SMA.

EOS/USD

If the EOS/USD pair plummets below the support of the 50-day SMA and $3.1534, it will weaken and can drop to $2.1733. Therefore, traders can keep the stops on the remaining long positions at $3.10.

If the pair bounces off the current levels or the 50-day SMA and breaks out of $3.8723, it can move up to $4.4930. However, the 20-day EMA has flattened out and the RSI has also dipped to the midpoint. This suggests a range formation in the near term.

BCH/USD

Bitcoin Cash (BCH) has turned down from the overhead resistance of $163.89. The positive thing is that it did not break down of the 20-day EMA.  

BCH/USD

Both the moving averages are gradually sloping up and the RSI is in positive territory. This suggests that the bulls are in command. If the BCH/USD pair rebounds sharply from the current levels or from the 20-day EMA and breaks out of $163.89, it can rally to $175 and above it to $220.

However, if the pair plunges below the 20-day EMA, it can slide to the 50-day SMA. Therefore, traders can trail the stop loss on the long positions at $140.

BNB/USD

Profit booking in Binance Coin (BNB) pushed its price below the uptrend line, but the bulls are currently attempting to defend the 20-day EMA and push the price back above the uptrend line.

BNB/USD

The 20-day EMA is flattening out while the 50-day SMA remains strong. This indicates that the bulls are losing steam in the short term. A fall below the 20-day EMA will weaken the BNB/USD pair that can drag it to the 50-day SMA.

On the other hand, if the pair bounces from the current levels and rallies above $16.6442826, it can resume its uptrend and rally to $18. For now, traders can hold the remaining long positions with stops at $14.

XLM/USD

Stellar (XLM) has corrected to the 20-day EMA where it is finding some support. Both the moving averages are flattening out, which points to a consolidation in the near term.

XLM/USD

If the XLM/USD pair breaks down of the 20-day EMA, it can drop to the 50-day SMA. The uptrend line is just below this level. We anticipate the bulls to defend the zone between the 50-day SMA and the uptrend line.

Conversely, if the pair bounces off the 20-day EMA, it can move up to the resistance line. A breakout of this level can push the price to $0.14861760. The traders can keep the stops on the long positions at $0.08.

TRX/USD

Tron (TRX) turned down from the 20-day EMA on March 22. Both the moving averages are sloping down and the RSI is also in the negative zone. This shows that the bears are at an advantage.

TRX/USD

The bears will try to sink the TRX/USD pair to $0.01830 if the support at $0.02094452 cracks. On the other hand, the bulls will try to reverse direction from the current levels and scale above the moving averages. If successful, it can reach the top of the range at $0.02815521. If the pair sustains above the range or bounces off strongly from $0.01830, we might suggest long positions. Until then, we remain neutral.

ADA/USD

After consolidating for almost three months, Cardano (ADA) has scaled above our recommended buy level of $0.05650. We like the way the digital currency has risen after forming a large basing pattern. It should now rally to its first target objective of $0.066121, followed by a move to $0.080.

ADA/USD

Both the moving averages have started to trend up and the RSI has reached overbought levels. This shows that the bulls have the upper hand. On any dip, the ADA/USD pair should find support at $0.051468 and below that at the 20-day EMA. If both these supports break, the pair will lose momentum and might become range-bound once again. Therefore, traders can trail their stops higher to $0.048.

Market data is provided by the HitBTC exchange. Charts for analysis are provided by TradingView.

cointelegraph.com

The post Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Tron, Cardano: Price Analysis, March 22 appeared first on One Btc News Today.

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Cardano, Tron: Price Analysis, March 25

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Cardano, Tron: Price Analysis, March 25

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Мarket data is provided by the HitBTC exchange.

During a meeting with the president of Argentina, American venture capital investor Tim Draper spoke about the potential of blockchain and cryptocurrencies. He also urged the president to legalize Bitcoin to help the nation emerge out of the economic crisis. Later, during an interview, Draper said that he expects Bitcoin to reach $250,000 by 2022 and 2023. If crypto becomes easy to use, he expects people to ditch fiat and opt for Bitcoin.

But for now, companies are finding it difficult to use cryptos as a mode of payment. The latest to ditch cryptos is Amazon-owned streaming service Twitch. The company has not mentioned any specific reason for the decision.

Popular stablecoin Tether recently changed its previous claim that every token in circulation is “100 percent Backed” with fiat currency. It now states that each token is backed by “traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities.” This has raised a red flag as Tether has not offered itself for a third-party audit.

BTC/USD

Bitcoin (BTC) has been trading close to $4,000 for the past few days. This small range trading is unlikely to continue for long. We anticipate a large range move within the next few days.

BTC/USD

If the range expands to the upside, the BTC/USD pair can rally to $4,255. This is a major resistance, above which the pair will complete a double bottom pattern, that has a minimum target objective of $5,273.91.

However, if the range expands to the downside, the digital currency can fall to the 50-day SMA. If this support also gives way, the next support to watch on the downside is $3,355.

The 20-day EMA is flattening out and the RSI is just above the center, which points to a consolidation in the near term. Traders can retain the stop loss on the long positions at $3,550. As the bulls failed to scale above the psychological barrier of $4,000, we will trail the stops higher within the next few days.

ETH/USD

Ethereum (ETH) has broken down of the 20-day EMA and the uptrend line. Its next support is at the 50-day SMA below which a fall to $125.88 is probable. If this support also breaks, the digital currency will lose momentum. Therefore, traders can retain the stop loss on the remaining long positions at $125.

ETH/USD

Contrary to our expectation, if the price finds support at the 50-day SMA and reverses direction, it will again try to break out of $144.78. If successful, the ETH/USD pair can rise to $167.32.

However, the 20-day EMA has flattened out and the RSI has also dipped below 50, which points to a consolidation.

XRP/USD

Ripple (XRP) has broken down of the uptrend line and has moved away from the moving averages. This shows that the bears have the upper hand. A break below $0.30 can drag the price to $0.29 and below it to $0.27795. This is a critical support that has held since December of last year. A breakdown of this can result in a retest of the yearly low.

XRP/USD

Contrary to our expectation, if the XRP/USD pair rebounds from the current levels or from one of the supports on the downside, it will again try to rise above the overhead resistance of $0.33108. We anticipate a strong move if the price sustains above the resistance line of the descending channel. For now, traders can keep the stop loss on the long positions below $0.27795.

LTC/USD

Litecoin (LTC) continues to face selling close to the resistance line. On the downside, the bulls are providing support at the 20-day EMA. The RSI is still showing a negative divergence, which is a red signal. A breakdown of the 20-day EMA and the uptrend line of the developing wedge will increase the probability of a fall to the 50-day SMA. Therefore, traders can trail the stop loss on the entire remaining long positions to $55.

LTC/USD

However, if the LTC/USD pair rebounds from the 20-day EMA, it will again try to breakout of the resistance line and rally to its next target objective of $69.2790. Both the moving averages are sloping up, which shows that the bulls still have the upper hand. We expect a decisive move within the next few days.

EOS/USD

The bulls are struggling to hold the 20-day EMA. A failure to bounce off this level increases the probability of a breakdown and a fall to the 50-day SMA, which might hold. With the 20-day EMA flattening out and the RSI close to 50, EOS is likely to become range bound for a few days.

EOS/USD

If the bears sink the EOS/USD pair below the 50-day SMA, it can fall to $3.1534. This is the final support, below which the trend will turn negative. Therefore, traders can protect their remaining long positions with stops at $3.10.

On the other hand, if the pair bounces off the current levels or the 50-day SMA it will again try to break out of $3.8723. If this level is scaled, the next target to watch on the upside is $4.4930.

BCH/USD

Bitcoin Cash (BCH) has risen to the overhead resistance of $163.89 where it is facing some resistance. However, both the moving averages are sloping up and the RSI is close to the overbought zone, which shows that the bulls are in the driver’s seat.

BCH/USD

A breakout of $163.89 is likely to attract buyers, pushing the price to the next overhead resistance of $175 and above it to $220. The BCH/USD pair has a history of vertical rallies, hence, traders can hold the long positions with the stops at $140.

Our bullish view will be invalidated if the digital currency turns down from the current level and plunges below the 20-day EMA. In such a case, the pair might become range bound for a few more days.

BNB/USD

Binance Coin (BNB) soared above the overhead resistance of $16.6442826 and reached very close to our target objective of $18 on March 24. We anticipate a strong resistance at $18. Therefore, we suggest traders book profits above $17, keeping only about 25 percent of the original long position open to ride any move higher. This can be held with a stop loss of $15.

BNB/USD

If the bulls scale above $18, a rally to the lifetime highs of $26.4732350 is probable. This will make the BNB/USD pair one of the first cryptocurrencies to make a new high, which is a positive sign.

However, if the bears defend the $18 level, the price might correct to the 20-day EMA. If this support breaks, a fall to the 50-day SMA is probable. The trend will turn in favor of the bears if the pair sustains below the 50-day SMA.

XLM/USD

After trying to hold the 20-day EMA for the past four days, Stellar (XLM) has broken down of it. This is a bearish sign because this shows a lack of buying at the strong support of the 20-day EMA.

XLM/USD

If the price sustains below the 20-day EMA, the XLM/USD pair can plunge to the 50-day SMA. The uptrend line is just below this support. If the pair breaks below these supports, it can retest the lows.

Conversely, if the digital currency bounces off the current levels, it can reach the resistance line. On a break above $0.13250273, the cryptocurrency can reach $0.14861760. Traders can retain the stop loss on the long positions at $0.08.

ADA/USD

Cardano (ADA) rallied sharply on March 22 and 23, and reached close to our first target objective of $0.066121. With the rise, both the moving averages have turned up and the RSI is also close to the overbought zone. This indicates that the bulls have the upper hand.

ADA/USD

However, the ADA/USD pair is currently facing profit booking. In an uptrend, the pullbacks last anywhere between 1 to 3 days. If the pair bounces off the 20-day EMA, it will indicate strength. The next target to watch is $0.080.

On the other hand, if the digital currency turns down from the current levels and breaks below both the 20-day EMA and $0.051468, it will turn negative. Therefore, we suggest traders keep the stops on the long positions at $0.049.

TRX/USD

Tron (TRX) broke out of the 20-day EMA on March 23 but hit a wall just above the 50-day SMA. Currently, the price is back below the 20-day EMA, which is a bearish sign.

TRX/USD

If the TRX/USD pair breaks down of $0.0220, it can correct to $0.02094452. Both the moving averages are flattening out and the RSI has dipped marginally below 50. This points to a likely consolidation in the short term.

However, if the pair rebounds from the current levels or from $0.0220, it will attempt to break out of $0.02815521, which is a critical resistance. The digital currency will pick up momentum if it sustains above this level. Until then, it will continue to face resistance on every minor rally.

Market data is provided by the HitBTC exchange. Charts for analysis are provided by TradingView.

cointelegraph.com

The post Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Cardano, Tron: Price Analysis, March 25 appeared first on One Btc News Today.

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Cardano, Tron: Price Analysis, March 27

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Cardano, Tron: Price Analysis, March 27

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Market data is provided by the HitBTC exchange.

Various sectors are opening up to the vast potential of blockchain technology. This will result in a 44.5 percent compound annual growth rate in the blockchain space between now and 2025, according to a recent report. Spending in the space will purportedly increase from $3.12 billion to $41 billion in the said period.

Still, there are a number of executives who are wary of this new technology. Aanchal Anand, a Land Administration Specialist in the World bank’s Global Land and Geospatial Unit, has warned against the so-called “blockchain hype.”

Similarly, Catherine Bessant, chief technology officer at Bank of America (BoA) said that many companies approach her with blockchain projects, but she is yet to see a solid use case. Hence, she remains negative on the technology in her private capacity.

Weiss Ratings founder, Martin D. Weiss, said that even during the bear market a critical segment of the crypto space is growing sharply. Therefore, “for those willing to take the risk, the best time to invest could be very near.” Let’s see what our charts project.

BTC/USD

Bitcoin (BTC) dipped below the uptrend line on March 25, but the bulls bought the dips, which is a positive sign. The digital currency is currently attempting to scale above $4,065 and rally towards the overhead resistance of $4,255. A close (UTC time frame) above $4,255 will complete a bullish double bottom pattern, that has a target objective of $5,273.91. We also expect short covering above $4,255 to provide momentum, as a number of bears are likely to throw in the towel. The upsloping moving averages and RSI in positive territory suggest that the path of least resistance is to the upside.

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Cardano, Tron: Price Analysis, March 27 12

Our bullish view will be negated if the BTC/USD pair reverses direction from one of the above resistances and plummets below the uptrend line. On the downside, the first support to watch is the zone between uptrend line and 50-day SMA. If this breaks down, a fall to the critical support zone of $3,355 to $3,236.09 is probable. Therefore, traders can hold long positions with a stop loss of $3,500. We shall soon raise it to $3,800.

ETH/USD

Ethereum (ETH) corrected to the 50-day SMA on March 25 where buying emerged. The price has rebounded back above the 20-day EMA and is currently attempting to rise above the uptrend line. If successful, a move to $144.78 is probable.

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Cardano, Tron: Price Analysis, March 27 13

The ETH/USD pair will pick up momentum above $144.78 and reach close to $167.32. On a breakout of this level, the index will complete an ascending triangle pattern, which has a target of $251.64.

Contrary to our assumption, if the pair turns down from the current levels and breaks the 50-day SMA, it can correct to $125.88. A break below this will weaken the digital currency and drag it to $116.30. Hence, the stops on the remaining long positions can be kept at $125.

XRP/USD

Ripple (XRP) plunged on March 25 and momentarily broke below the $0.27795 support, but it quickly recovered to close (UTC time frame) flat for the day. As we had suggested a stop just below $0.27795, we shall consider that the long positions were closed. If not, traders can keep the stop loss at $0.270.

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Cardano, Tron: Price Analysis, March 27 14

The bulls are currently attempting to push the XRP/USD pair back above the moving averages. If successful, the pair is likely to move up to $0.33108. This is a critical resistance as it has not been sustained since Jan. 11 of this year. A breakout and close (UTC time frame) will indicate strength that can carry the price to the resistance line of the descending channel.

If the bulls can break out of the channel, a move to $0.40 is probable. The digital currency will pick up momentum above $0.40 and can reach $0.60. Therefore, we will again recommend buying on a close (UTC time frame) above $0.33108.

LTC/USD

Litecoin (LTC) dipped to the 20-day EMA where it found support. It is currently attempting to bounce off the support. If successful, it can move up to the resistance line and above it, the rally can stretch to $69.2790. Both the moving averages are sloping up, which shows that the buyers are at an advantage.

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Cardano, Tron: Price Analysis, March 27 15

Contrary to our expectation, if the LTC/USD pair turns down from the current levels and plunges below the uptrend line of the developing wedge, it can drop to the 50-day SMA and below it to $47.2460. Therefore, traders can keep the stop loss on the remaining long positions at $55. We continue to watch the negative divergence on the RSI closely as it is a red flag.

EOS/USD

After trading close to the 20-day EMA for the past few days, EOS has made a decisive move to the upside. Considering the strength of the move, it can easily reach $4.4930 and even rise above it. If the price sustains above $4.4930, the next target to watch on the upside is $5.8370.

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Cardano, Tron: Price Analysis, March 27 16

However, if the EOS/USD pair fails to breakout of $4.4930, it can remain range bound for a few days. The pair will turn negative on a breakdown and close below the 50-day SMA.

The 20-day EMA has started to turn up and the 50-day SMA is sloping up. This a bullish sign and it increases the probability of an upward breakout of the overhead resistance. Therefore, traders can keep the stop loss on the remaining long positions at $3.1. We shall suggest trailing the stops higher in a couple of days.

BCH/USD

Bitcoin Cash (BCH) took support on the 20-day EMA on March 26 and is currently attempting to sustain above the overhead resistance of $163.89. We find a rounding bottom formation on the digital currency, which will complete on a close (UTC time frame) above $163.89. The target objective of this bottoming formation is $222.78.

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Cardano, Tron: Price Analysis, March 27 17

If the bulls fail to sustain above $163.89, the BCH/USD pair can again fall to the 20-day EMA. If this support breaks, a fall to the 50-day SMA is probable. Traders can protect their long positions with the stops at $140. The upsloping moving averages and the RSI close to the overbought zone suggests that the bulls have the upper hand. With a history of vertical rallies, the pair can go to the upside.

BNB/USD

Binance Coin (BNB) triggered our sell above $17. Hopefully, traders would have booked partial profits again on the open long positions. Now, only 25 percent of the original position remains. We did not recommend booking profits on the complete position because a breakout of $18 can result in a retest of the highs. Both the moving averages are trending up and the RSI is close to the overbought zone. This suggests that the bulls are still in command.

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Cardano, Tron: Price Analysis, March 27 18

Our bullish view will be invalidated if the BNB/USD pair breaks below the uptrend line. Such a move can drag the pair to the 50-day SMA, below which the trend will turn negative. Therefore, we suggest traders keep a stop loss of $15 on the long position.

XLM/USD

Stellar (XLM) dipped below the 20-day EMA on March 25, but quickly found buying support at lower levels. It is currently attempting to rise above the 20-day EMA once again.

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Cardano, Tron: Price Analysis, March 27 19

If the price ascends $0.1130, it can move up to the resistance line at $0.13250273. Above this level, the next target to watch on the upside is $0.14861760.

But if the XLM/USD pair fails to sustain above the 20-day EMA, it can again correct to the 50-day SMA. The pair will turn negative if it breaks down of the uptrend line. Therefore, traders can keep the stop loss on the long positions at $0.08.

ADA/USD

As anticipated, the correction in Cardano (ADA) lasted only for two days. This is an indication of strength. Having hit our first target objective of $0.066121, the digital currency can now move up to its next target of $0.080.

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Cardano, Tron: Price Analysis, March 27 20

The ADA/USD pair has a strong resistance in the $0.080–$0.094256 zone. Therefore, we suggest traders book partial profits on the long positions at $0.080 and keep a stop loss of $0.0490 on the rest.

Contrary to our opinion, if the price reverses direction from the current levels, it can drop to the 20-day EMA, below which it can fall to $0.051468. If this support breaks, the pair might turn negative.

TRX/USD

Though Tron (TRX) has stopped falling, it is struggling to breakout of the 20-day EMA. This shows a lack of buying interest at current levels.

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Cardano, Tron: Price Analysis, March 27 21

Both the moving averages are flattening out and the RSI is at the midpoint. This points to a consolidation in the near term.

On the upside, if the TRX/USD pair breaks out of the moving averages and $0.025, it can move up to $0.02815521. This level has been a major hurdle since August of last year. Hence, we shall wait for the price to sustain above it before suggesting any trade in it. If the pair turns down from the current levels and plummets below $0.02094452, it can drop to $0.0183.

Market data is provided by the HitBTC exchange. Charts for analysis are provided by TradingView.

cointelegraph.com

The post Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Cardano, Tron: Price Analysis, March 27 appeared first on One Btc News Today.