Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, TRON, Cardano …

Barclays internet analyst Ross Sandler believes that a cryptocurrency by Facebook could add $19 billion to its revenue by 2021. If that happens, it will …

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.

Barclays internet analyst Ross Sandler believes that a cryptocurrency by Facebook could add $19 billion to its revenue by 2021. If that happens, it will help expand the reach of cryptocurrencies and will be a major sentiment booster for the whole sector.

Overstock.com’s blockchain subsidiary, Medici Ventures has purchased a 5.1 percent stake in the blockchain banking platform Bankorus. The firm has purchased significant stakes in various blockchain companies.

It is not only in the West that crypto is generating significant interest. Chinese cryptocurrency mining manufacturer Canaan Creative is rumored to have secured hundreds of millions of dollars of financing from unnamed parties.

We find numerous companies that have been moving ahead with blockchain– and crypto-related projects. This shows that the sector is generating huge interest from traditional players. It is only a matter of time before the price of cryptocurrencies starts to react to all these positive fundamental developments.

However, analysts at Bloomberg expect Bitcoin to head southward. They have observed that the price action is similar to November of last year, which had led to a sharp fall. But what do our charts forecast? Let’s find out.

BTC/USD

The bulls are providing support to Bitcoin (BTC) at the 20-day EMA. Both the moving averages are gradually moving up and the RSI is in the positive zone. This shows that bulls have a slight advantage. However, in order to solidify their position, they should quickly carry the digital currency above $4,000.

We expect a new uptrend on a breakout and close above $4,255, as it will complete a double bottom pattern that has a target objective of $5,273.91. Traders can add to their long positions on a close (UTC time frame) above $4,255.

BTC/USD

On the downside, the BTC/USD pair has support at the 20-day EMA. If this breaks, the next support is at the uptrend line and finally at the 50-day SMA. If the pair plummets below the 50-day SMA, it can drop to the final support zone of $3,355–$3,236.09. This is the last support, below which, the downtrend will resume. Therefore, traders can maintain their stops on the existing long positions below $3,236.09. We shall raise the stop loss before the end of this week.

ETH/USD

The bulls are struggling to keep Ethereum (ETH) above $134.50. Though they purchased the dip to the 50-day SMA on March 12, they have not been able to sustain above the 20-day EMA. Currently, both the moving averages are flattening out and the RSI is close to the midpoint. This suggests a consolidation in the near term.

ETH/USD

A breakdown of the 50-day SMA can sink the ETH/USD pair to the next support at $116.30. This is a major support, as the uptrend line of the ascending channel also lies at this level. Hence, we anticipate buyers to step in and buy close to $116.30. But if the pair breaks down of this critical support, a drop to $102.49 is probable.

Conversely, if the bulls scale above $144.78, the up move can reach $167.32. The ascending triangle pattern will complete on a breakout and close above $167.32. This has a pattern target of $251.64. Traders can keep the stops on the remaining long positions at $125.

XRP/USD

The intraday range in Ripple (XRP) had been shrinking for the past few days. The attempt by the bulls to resolve the tight range on the upside is not finding buyers at higher levels. This is a bearish sign. A breakdown of the uptrend line can sink the virtual currency to the next support at $0.27795. If this level also breaks down, the final support is the yearly low of $0.24508, below which the downtrend will resume.

XRP/USD

However, as long as the XRP/USD pair stays above the uptrend line of the ascending triangle, the bulls are likely to attempt to scale above $0.33108 once again. On a close (UTC time frame) above $0.33108, the pair is likely to pick up momentum and rally to the downtrend line of the descending channel. A breakout of the channel will indicate a likely change in trend. For now, traders can keep the stop loss on the long positions below $0.27795.

LTC/USD

Litecoin (LTC) found support close to the 20-day EMA on March 12, but the bulls have not been able to breakout of the overhead resistance at $56.910. However, both the moving averages are sloping up and the RSI is in positive territory, which suggests that the bulls have the upper hand. A breakout and close (UTC time frame) above the overhead resistance zone of $56.910–$59.4494 can propel the digital currency to $65.5610 and above it to $69.2790.

LTC/USD

Contrary to our assumption, if the LTC/USD pair breaks down of the 20-day EMA, it will weaken the momentum and a fall to $47.2460 is probable. Therefore, traders can protect their gains on the remaining long positions with the stop at $50. The only thing bearish on the chart is the negative divergence on the RSI.

EOS/USD

EOS has failed to cross above the downtrend line for the past four days. However, a positive is that it has not yet broken down of the 20-day EMA. If the digital currency breaks out of the downtrend line and $3.8723, it can pick up momentum and rally to $4.4930.

EOS/USD

On the other hand, if the bears sink the EOS/USD pair below the 20-day EMA, it can fall to the next support at $3.1534. The 50-day SMA is also located at this level, hence, we expect strong demand at this level. But if the seller’s break down of this critical support, it will re-enter the range and can slide to $2.1733. Hence, traders can protect their remaining long positions with the stops at $3.10.

BCH/USD

Bitcoin Cash (BCH) had dipped closer to the bottom of the $120–$140 range on March 12, where buying emerged. However, the bulls have not been able to push the price above the moving averages, which shows a lack of demand at higher levels. The bears are likely to attempt to breakdown of $120 level once again. If successful the digital currency can fall to $105, which is a strong support. But if this support gives way, a retest of the yearly low of $73.50 is probable.

BCH/USD

Conversely, if the BCH/USD pair rises above the moving averages, the bulls will attempt to breakout of $140 and rally to the next overhead zone of $157.95–$163.89. Above this zone, the next level to watch on the upside is $175. For now, traders can retain the stops on the long positions at $116.

BNB/USD

Binance Coin (BNB) broke out of the pennant on March 12 but is currently facing resistance at $15.9100517. Both the moving averages continue to trend up and the RSI is in the overbought zone, which shows a strong uptrend.

BNB/USD

A breakout of $15.9100517 can propel the BNB/USD pair to $18, above which a retest of the lifetime highs is possible. On the other hand, if the pair turns down from current levels, it has support closer to $14, below which a drop to the 20-day EMA is possible. As the traders have already booked partial profits earlier, we suggest to retain the stops on the remaining long positions at the breakeven. If the cryptocurrency does not sustain above $15.9100517 within the next couple of days, we shall suggest booking profits on the complete position.

XLM/USD

Stellar (XLM) has been consolidating for the past two days. We like that it has not given up much ground. The 20-day EMA is sloping up and the RSI is close to the overbought levels. This suggests that the bulls are at an advantage. A breakout of $0.011245806 can propel the digital currency to $0.13427050.

XLM/USD

Conversely, if the XLM/USD pair turns down from current levels, it can drop to the 20-day EMA, which is a critical support. If this support breaks, the pair can correct to the uptrend line. This line has provided support three times, hence, we expect the price to find buyers close to it. However, if the bears break down of the uptrend line, a retest of the yearly lows is possible. Therefore, traders can maintain the stops on the long positions at $0.08.

TRX/USD

Tron (TRX) has been sustaining below $0.02306493 for the past two days. This shows a lack of demand at lower levels. The 20-day EMA is sloping down and the RSI is languishing in the negative zone, which suggests that the path of least resistance is to the downside.

TRX/USD

The TRX/USD pair has support at $0.02094452, below which the slide can extend to the critical support of $0.01830. We expect the bulls to defend $0.01830, hence, we might suggest a long position if the pair bounces off this support.

Our bearish view will be invalidated if the price bounces off the current levels and rises above the moving averages. We shall suggest a long position if the digital currency sustains above $0.02815521. Until then, we remain neutral.

ADA/USD

Cardano (ADA) has been range bound between $0.036815 and $0.051468 since Dec. 21. The price has bounced off the supports twice, which shows buying at lower levels. However, the bulls have not been able to break out of the range, which shows profit booking closer to the resistance of the range.

ADA/USD

The 20-day EMA is sloping up and the RSI has also moved into positive territory. This shows that the bulls have the upper hand in the short term. A breakout and close (UTC time frame) above $0.051468 is likely to result in a new up move that can carry the price to $0.066121 and if this is crossed, the rally can extend to $0.080.

The traders can purchase the ADA/USD pair above $0.0565 and keep a stop loss at $0.044 for now. We shall trail the stop loss higher as the price moves up in our favor or if it fails to follow up after breaking out of the range.

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

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Bitcoin (BTC) Price Analysis – BTC In A Stalemate As Trading Volume Declines

Bitcoin has been trading in a stalemate over the past 7 days after only rising a small 0.26% to bring the price up to $3,890 at the time of writing.

Despite the recent sideways movement, Bitcoin is still up by a total of 7% over the past 30 days and 11% over the past 90 days. The oldest cryptocurrency on the market currently holds a $68.54 billion market cap value, and is trading at a value that is 79% lower than its all-time high price.

During the month of March, we have seen a significant drop in trading volume as compared with the trading volume of February – this could be a sign that there may be some further drops incoming.

Bitcoin Price Analysis

BTC/USD – 1 DAY CHART – SHORT TERM

What Has Been Going On?

We can see that the market had rebounded from the March low of around $3,800. Price action continued to rise higher, but failed to overcome the resistance higher up at $4,000. Since reaching this resistance, the market has rolled over and dropped slightly, but has managed to stabilize.

What Is The Current Short Term Trend?

As the market is trading sideways, the current short term trend is neutral. For this market to be considered bullish, we would need to see price action break above the resistance at $4,000. If BTC/USD was to drop below the support at $3,800, we could consider the market conditions as bearish.

Where Is The Market Likely To Head Next?

If the buyers can group together and start to push price action higher, we can expect immediate resistance above to be located at the $4,000 level. Above $4,000, we can expect more resistance to be located at the short term 1.414 and 1.618 Fibonacci Extension levels (drawn in gold) priced at $4,122 and $4,170, respectively.

If the bulls then continue to break above $4,200, we can expect more resistance to be located at a bearish .786 Fibonacci Retracement level (drawn in red) priced at $4,215. This level of resistance has proved significant toward the end of February and is therefore expected to provide a great deal of resistance moving forward.

Above $4,215, more resistance lies at $4,342 and $4,500.

What If The Sellers Step Back In?

Alternatively, if the sellers resume their downward pressure and push the market beneath the support at the $3,928 support level, further support beneath is then expected at $3,842 and $3,800.

If the bearish pressure causes BTC/USD to fall below $3,800, we can expect more support below to be located at $3,749, $3,650 and $3,590, respectively.

What are the technical indicators showing?

The RSI is trading directly along the 50 level, which indicates the indecision within the market as characterised by the current sideways movement. If we would like to see BTC/USD crack $4,000, we would need to see the RSI rise above 50 and head higher into bullish territory.

If the bulls do break above $4,000, they will have some serious resistance to overcome at the 100-day moving average which currently floats around the $4,100 level.

Alternative BTC price analysis

Image source: u/ScienceGuy9489 on r/Bitcoin

To gain another perspective, let’s take a look at a more unconventional analysis of BTC’s price action that’s been gaining traction in the cryptocurrency community. Recently, a well-known Reddit user and cryptocurrency analyst “ScienceGuy9489” returned with a prediction for when he expects Bitcoin’s next bull run to commence. He originally became famous for making a very accurate prediction before the 2017 bull run displayed by Bitcoin and Ethereum.

ScienceGuy9489 predicts that BTC will start rallying around April 11. He arrived on this date by identifying long-term BTC support and resistance levels on a long-term logarithmic chart. The two lines are expected to intersect around April 11, and ScienceGuy9489 expects this to be accompanied by a breach of the long-term $4,200 resistance level, sending BTC into its next bullish phase. He identifies $28,100 as the price target if Bitcoin does indeed embark on another major run.

Yaz Sheikh

Yaz is a cryptocurrency technical analyst with over seven years of technical analysis trading experience. As an Economics graduate, he has taken a keen interest in the future potential of blockchain in the financial industry. Removing crypto from the equation, Yaz loves to watch his favorite football team and keep up-to-date with the latest fights within the UFC.

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Tezos (XTZ) Daily Price Forecast – March 13

XTZ/USD market still seems to enjoy a relatively bullish outlook, but may soon be finding a new foundation between its Bollinger Middle Band and the …
MainNet-to-Finally-Launch-by-Tezos-XTZ-Token-Crypto-Network-on-September-17MainNet-to-Finally-Launch-by-Tezos-XTZ-Token-Crypto-Network-on-September-17
  • XTZ/USD market still seems to enjoy a relatively bullish outlook, but may soon be finding a new foundation between its Bollinger Middle Band and the conjoint point of the Bollinger Lower Band and the 50-day SMA indicator.
  • In case of the market lacking a strong price action, choppy price movements will feature significantly in the XTZ/USD trade worth.

XTZ/USD Medium-term Trend: Bullish

  • Distribution territories: $0.5, $0.52, $0.54
  • Accumulation territories: $0.40, $0.38, $0.36

In spite of the current slight decline, indicators still suggest that XTZ/USD market is still in a relatively bullish outlook. On March 10, the pair began to rise from around a low market point of $0.41 to average near $0.48 mark.

The market has been trading around its Bollinger Middle Band located at $0.44 price territory. The Bollinger Lower Band and the 50-day SMA are in close contact at $0.42 price point. The Stochastic Oscillators are now slantingly bent within ranges 60 and 40. They now point south-east to probably suggest suspension of placing further trading position for a while.

The XTZ/USD market now appears like finding a new foundation between its Bollinger Middle Band and the two closely located at $0.42 mark. At that market point, there can be a line of choppy price movements for a while if the bulls do not take up the trade force quickly.

XTZ/USD Short-term Trend: Bearish



XTZ/USD short-term trade has been slightly witnessing a decline in its market valuation as the trading commences today. In the last couple of hours, the crypto-market was seeing been traded around $0.46 price territory, but it has now dropped briefly below $0.44 mark.

The market has continued to trade around the Bollinger Lower Band. The 50-day SMA is underneath the Bollinger Middle Band, and they’re both not too distant from the market trading line. The stochastic Oscillators have dipped into the oversold zone. That could mean that the market may soon be witnessing a degree of price weaknesses on the part of the bears.

As at this time of writing, while the market lacks any visible price action, there would be every possibility of seeing choppy market movements for a short period of time.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

XRP (XRP) Is Soaring Higher Against The Price Of BTC In Today’s XRP Price Analysis

Ripple news has been rather controversial over the last few months. You see in February, news broke that the most popular cryptocurrency exchange …

The price of XRP today is trending higher against the price of BTC. Considering the fact that the XRP price prediction 2019 has placed XRP on rocky grounds, it’s safe to say that things are finally looking up. Ripple news has been rather controversial over the last few months. You see in February, news broke that the most popular cryptocurrency exchange in the United States, Coinbase has added the XRP token after months of hesitation. The XRP price had a minor surge thanks to the Coinbase effect. However, many in the cryptocurrency community claimed that Ripple bribed Coinbase to add the XRP token. As expected, Ripple and Coinbase denied the rumors but the damage ran deep.

XRP Price Prediction 2019: Price Of XRP Today

Following the Ripple scandal, the price of XRP has been trying to regain its balance.

In today’s XRP price analysis, the price of the token is soaring higher against the price of Bitcoin. It managed to hold firmly against the 0.0000808BTC support. In fact, if XRP is able to move above the 0.0000820BTC level soon, it will be positioned for a significant bull run against BTC. Over the last few trading sessions, most cryptocurrencies have been on a sideways trend against the USD. While the XRP to BTC trading pair is also trending sideways, it has stayed above a rather significant support level at 0.0000808BTC.

XRP (XRP) Price Today – XRP / USD

Name Price 24H (%)

ripple
XRP(XRP)

$0.316400

The current XRP Price action shows that the price of XRP went as low as 0.0000792BTC before it started consolidating its losses against the BTC at the support levels at 0.0000795BTC and 0.0000800BTC. The price moved to the 0.0000808BTC before it started declining against the USD. It ended up settling below the 100 level SMA. The XRP price prediction 2019 placed the price of XRP at 0.0000800BTC. This also happened to be the 23.6% fib retracement level of the last move from 0.0000831BTC high to 0.0000792BTC low.

XRP Price Now

While the price of XRP is soaring higher against the price of BTC, there is still a strong resistance at 0.0000808BTC. Moving above this trend line, you’ll find the 50% fib retracement level of the last fall from 0.0000831BTC to 0.0000792BTC. It is near the 100 level SMA at 0.0000801BTC. This means that if the price of XRP is able to break the resistances at 0.0000810BTC and 0.0000820BTC, it will move higher toward 0.0000820BTC and subsequently 0.0000840BTC. The main support right now is at 0.0000792BTC. It is important that XRP holds above this level to avoid more losses short-term.

At the time of writing, XRP was trading at $0.309416. This means that it is down by 0.40% against the USD. Against BTC, XRP is up by 0.16% trading at 0.00007946BTC. The 24 hour trading volume is $547,378,471 and the market capitalization is $12,819,764,490.

What’s your opinion about the XRP price prediction 2019? Do you think the price of XRP will surge higher against the price of BTC? Share your thoughts in the comment section.

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Bitcoin and Altcoins Bracing for Next Move Higher

Bitcoin cash price settled below the USD 130 support and it is currently consolidating near the USD 128 level. If BCH/USD needs to climb higher, …

After a short term downside correction, bitcoin price rebounded above USD 3,830 and USD 3,850. BTC even climbed above USD 3,880, but it struggled to gain momentum above the USD 3,900 resistance level. It is currently consolidating below USD 3,900 and it seems like buyers are sighting an upside break in the near term. Ethereum remained well below the USD 135 resistance and it is currently (UTC 08:00 AM) testing the key USD 132 support. Ripple price climbed higher and settled above USD 0.310, with a positive angle.

Total market capitalization

Bitcoin and Altcoins Bracing for Next Move Higher 101
Source: Coinmarketcap.com

Bitcoin price

There were mostly range moves in bitcoin price above the USD 3,830 and USD 3,850 support levels in the past two sessions. BTC made an attempt to climb above USD 3,900, but it failed. Having said that, the price action suggests that there are high chances of more gains above USD 3,900 and USD 3,920 in the short term.

On the other hand, if there is a downside reaction, the USD 3,850 level may act as a support. Any further declines could take the price towards the key USD 3,800 support level.

Ethereum price

Ethereum price struggled to break the USD 135 resistance and declined recently towards the USD 132 support. If there are more losses, ETH could revisit the key USD 130 support level in the next few hours.

On the upside, the USD 134 and USD 135 levels are important hurdles. Should there be an upside break above USD 135, the price will most likely climb above the USD 140 resistance level.

Bitcoin cash, eos and ripple price

Bitcoin cash price settled below the USD 130 support and it is currently consolidating near the USD 128 level. If BCH/USD needs to climb higher, it must break the USD 130 and USD 132 resistance levels. If not, it may revisit the USD 125 support.

EOS struggled to clear the USD 3.70 resistance and corrected lower. However, the USD 3.60 level is acting as a support and it seems like the price may trade higher towards the USD 3.70 and USD 3.75 levels.

Ripple price is slowly moving higher and it is currently placed above the USD 0.310 support. XRP/USD must break the USD 0.312 resistance level to stage a rebound towards the USD 0.314 and USD 0.315 resistance levels. On the downside, the USD 0.310 and USD 0.305 levels are decent supports.

Other altcoins market today

In the past few hours, many small cap altcoins rallied more than 10%, including CRO, XZC, MXM, KMD, BCD, VET, ENJ, KCS, AION, ETN, DGB, BCN, DASH and QASH. Out of these, CRO rallied more than 40% and XZC is up close to 34%.

Overall, bitcoin price is trading with a positive angle above the USD 3,850 level. However, BTC buyers need to gain traction above USD 3,900 and USD 3,920 to set the stage for a solid upward move towards USD 4,000 and USD 4,040 in the coming sessions.

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Find the best price to buy/sell cryptocurrency:

Bitcoin and Altcoins Bracing for Next Move Higher 102

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