Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Tron, Cardano: Price Analysis, March 15
William Suberg's original article for cointelegraph.com reduced by 60%
91.On the contrary, if the BTC/USD pair again turns down from $4,000 and breaks below the uptrend line and the 50-day SMA, it will indicate profit booking and aggressive short initiation at higher levels. Repeated attempts by the bears to sink the price below this level have failed, which shows buying at lower levels. We expect the bulls to make another attempt to scale above the overhead resistance of $3.8723 and rally towards $4.4930.However, if the EOS/USD pair turns down from current levels and slips below the 20-day EMA, it will correct to $3.1534.
As the digital currency has a history of vertical rallies, traders can trail their stops higher instead of booking profits at the above-mentioned levels. If the momentum picks up, the rally can reach $186.30 and above it $239.However, if the BCH/USD pair reverses direction from the current level, it will prolong its stay in the range for a few more days. It will turn negative on a breakdown of the range at $120.
The next level to watch on the downside is $105. For now, traders can keep the stops on the long positions at $116.BNB/USDBinance Coin has been consolidating close to the overhead resistance of $15.9100517 for the past three days. Our bullish assumption will prove to be wrong if the pair reverses direction from the current levels and breaks below the 20-day EMA.
The next support on the downside is the 50-day SMA.XLM/USDStellar has been crawling higher for the past few days but is struggling to breakout of the resistance line.
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CN [too long; didn’t read]
Summarised crypto news.