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The market data are taken from HitBTC exchange.
The billionaire Investor Tim Draper believes that crypto – and Fiat currencies in five years, their roles would have to change. According to Draper Fiat is to be mainly used by Criminals, while crypto-currencies daily transactions are used.
Tesla CEO Elon Musk also said that “crypto is a much better way to transfer values, as the paper”. He praised the structure of Bitcoin, which he described as brilliant. Musk, however, is of the opinion that Tesla should not occur in the crypto-currency industry. The company should focus on to accelerate progress on sustainable energy.
Musk and Draper are not the only ones, in terms of the future of crypto-currencies to be optimistic. In a poll conducted by eToro, under the Millennial traders, 43 per cent of the respondents said that the U.S. stock exchanges are less trusting as a crypto-currency exchanges.
so it Is a good time to be in the crypto market? Let us, on the basis of the Charts to find out.
BTC/USD
Bitcoin (BTC) has on 18. February closed above the downward trend line and triggered our buy recommendation from our preceding analysis. We had proposed to buy 30 per cent of the desired positions in order to minimize our risks. The Rest can be added when the leading crypto climbs monetary Affairs, on 4.255 US Dollar (3,754 K Euro).
if the recovery is a recovery on 4.255 US Dollar (3,754 K€) probably. Above this level, the BTC/USD Pair a double bottom pattern in which the target is at 5.273,91,US Dollar (4.652, 45 Euro) is completed.
If the Pair of bends, however, from the current levels to the bottom, it will get support at the downward trend line, and below the moving averages. A case under this support level indicates weakness, and the virtual currency on the Deep slides. The downward trend is set to continue with a case,a total of 3,236,09 US Dollar (2.854, 76 euros).
ETH/USD
Ethereum (ETH) is a profit-booking close to the psychologically important resistance of 150 US dollars (132 euros). If the bulls climb above this level, there is a rally in the direction of 167,32 US Dollar (EUR 147,60). Traders can continue to put half of your Long Position with a tight Stop-Loss and Stop-Loss at Rest at 125 US dollars (110 Euro).
The moving averages on the verge of a bullish Crossover and the RSI is in the overbought area, which is a positive sign.
If the ETH/USD Pair not to climb within the next few days after the above, will there be a re-Test of the breakout levels of 134,50 US Dollar (118,65 Euro). If there is a successful re-Test of the breakout levels, a jump back to the top, would signal the strength and thus the probability of a rise on 167,32 US Dollar (EUR 147,60). If the bears let the Couple, however 134,50 US Dollar (118,65 Euro) to fall, it may slip off on the moving averages.
XRP/USD
Although Ripple (XRP) rose to over 0,33108 US Dollar (Euro), he could not close above this level (in UTC). Therefore, our proposed trade has not been triggered.
Both of the slide are flat and the RSI is reached in the positive area averages. This shows that the Trend shows signs of reversing. If the bulls can hold above 0,33108 US Dollar (0,2918 Euro), is a rally in the direction of US $ 0.40 (0.35 Euro).
the dealer can buy a set at a closing (UTC) on 0,33108 US Dollar (0,2918 Euro) and the Stop-Loss at 0,275 US Dollar (0,292 Euro). We will Loss the Stop at the first available opportunity.
turning to Our expectation of a trend to have lapsed, if the bears force a decline from the current level. In this case, the XRP/USD will remain-Few, probably, for a couple of days in a range.
EOS/USD
EOS has reached our first target of 3,8723 US Dollar (3,4125 Euro), where there are sales. If the cops don’t raise the rate, this resistance would be expected for a few days, a correction or consolidation. Traders can protect half of their Long positions with a tight Stop-Loss and the Rest with a Stop-Loss at 2,90 US Dollar (EUR 2.56) run-on.
The 20-day EMA is trending up and the 50-day SMA has flattened. The RSI has climbed in the overbought area, indicating that buyers have in the short term, the upper hand.
We expect the cops about 3,8723 US Dollar (3,4125 Euro) climbing, and the EOS/USD Pair to the next target of 4,4930 US Dollar (3,9595 Euro).
would indicate If the bears force, however, a reversal from current levels and 3,2081 US Dollar (2,8271 Euro) can remain the weakness.
LTC/USD
Litecoin (LTC) had a one-day break of the resistance at 47,246, US Dollar (41,636 Euro), then the bulls have continued the recovery. The first level above, you should keep in mind is 56,910 dollars (50,152 Euro). If this is exceeded, the next target at US $ 60 (53 euros) and about 70 US dollars (62 euros). Traders should be 50 percent of the positions closely follow, in order to protect the paper profits if the increase comes to a halt.
Since the LTC/USD Pair broke out after a long time above the critical resistance of the remaining Long positions with a slightly deeper Stop-Loss at US $ 40 (35 Euro). We want to give the Couple some room to climb to the top, since the Trend is changing.
The 20-day EMA is trending upwards and also the 50-day SMA is trending gradually upwards. The RSI is near the overbought Zone. This clearly shows that the bulls have the upper hand.
Our positive assessment is deemed to have lapsed if the rate from the current Nevel from the sharp downward bends, and the two moving averages.
BCH/USD
Bitcoin Cash (BCH) (UTC) on may 18. February is about 141 US dollars (124 euros), which triggered our buy recommendation from the previous analysis.
try Currently, the bulls to hold above 141 US dollars (124 euros) and drive the course in the height. If that succeeds, you can climb the BCH/USD Pair up to 163 US dollars (144 Euro) and up to $ 175 (154 Euro).
Our optimistic assessment is void if the price falls under 141 US dollars (124 euros) and the moving averages. For the First traders can Loss and your Stop limit at 116 US dollars (102 euros). We place the Stops at the next opportunity, higher.
XLM/USD
Stellar (XLM) has the hurdles of the 20-day EMA and the downtrend line, but met currently at resistance at the 50-day SMA. While most of the other major crypto currencies far above their lows, commutes Stellar still near its lows. This shows that he has a poor development so that we are proposing here is not trade.
A breakout above the 50-day SMA would be a positive step that could bring the XLM/USD Pair on 0,13427050 US Dollar (0,1183 Euro). The 20-day EMA flattens and also the RSI has climbed into the positive Zone. This shows that the buyers are slowly active again. However, we do not receive a positive image, if we see a bullish reversal pattern in the Trend.
fall, When the course bends, however, from the 50-day SMA down, he can go back in the direction of the recent lows.
TRX/USD
The cops trying to lift Tron (TRX) on the downward trend line. If this is successful, a further attempt to overcome the critical overhead resistance at 0,02815521 US Dollar (0,0248 EUR).
rise If the TRX/USD Pair keeps on 0,02815521 US Dollar (0,0248 EUR), it can be up to 0,03575668 US Dollar (0,0315 Euro) and on 0,0380 US Dollar (0,0335 Euro). If the momentum is strong, can increase the rally even 0,040 US Dollar (0,0353 Euro). Therefore, traders can Loss their Long positions with Stop-Limits at 0,0230 US Dollar (0,0203 Euro).
decline If the price does not break out, however, overhead resistance, he can on 0,02306493 US Dollar (0,0203€). Including may extend the decline to 0,02113440 US Dollar (0,0186 Euro).
BNB/USD
Although we had expected that Binance Coin (BNB) in the Zone between 10 US dollars (8.82 euros) and $ 12 (10,59 Euro) encounters resistance, the current momentum strong enough to propel the Coin from this. Both moving averages are falling and the RSI is in the overbought area. This shows that the bulls have the upper hand, and any decline is likely to receive strong support at the 20-day EMA.
Although $ 12 (10,59 Euro) could be a small hurdle, it is likely that this level will be overcome. The next level, you should keep the above in mind, is 15 US dollars (13,23 Euro) and about 18 US dollars (15,88 Euro).
Our optimistic assessment is not void if the BNB/USD breaks out Couple of over 12 US dollars (10,59 Euro). In such a case, it could consolidate for a few days between US $ 10 (8.82 euros) and $ 12 (10,59 Euro), before it makes a decisive step in one direction or the other. We could propose a short-term Long Position on $ 12 (10,59 Euro), when we see a good risk reward ratio.
ADA/USD
Cardano (ADA) for the past three months between 0,036815 US Dollar (0,0324 Euro) and 0,051468 US Dollar (0,0454€). The cops had tried in early January on a breakout from this range, but failed. After that, the bears tried at the beginning of February to get under the span, which they succeeded in doing but.
Currently, the ADA/USD Pair is approaching the upper end of the range. A break above would be a positive step and may trigger a new upward trend. Therefore, traders can buy on a breakout above 0,056100 US Dollar (0,0494€).
The pattern target for the trade is 0,066121 US Dollar (0,0583 Euro), although the increase up to 0,08000 US Dollar (0,0705 Euro) can extend. We will recommend a Stop-Loss, after the purchases were initiated.
If the cops have to defend, however, the upper end of the range, is the Couple a few days in this will remain. A case under the margin would be a negative development. This can lead to a re-Test of lows.
The market data are taken from HitBTC exchange. The Charts for the analysis come from trading view.
