Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Stellar, Binance Coin, Tron, Cardano: Price Analysis, March 20
William Suberg's original article for cointelegraph.com reduced by 52%
We expect the bulls to propel the price towards the overhead resistance of $4,255. Conversely, if the bulls push the price above $3.8723, a rally to $4.4930 is probable. BCH/USDBitcoin Cash has been trading close to the overhead resistance of $163.89 for the past three days.
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/USDStellar rallied to the resistance line on March 18 but could not break out of it.
We shall soon trail it higher to $0.10.BNB/USDBinance Coin 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. 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 keep the stop loss on the remaining long positions at $14.TRX/USDTron has been trading close to the 20-day EMA for the past six days. Now, if the price moves above $0.05650, it is likely to start a new uptrend.
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