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The market data are taken from HitBTC exchange.
The market is trending in-between periods with low and high volatility. After a week with tight rate Margins of such extended on Monday and the crypto markets fell. What has caused this sudden fall? There is no specific fundamental reasons, which could have led to this sales trend.
One of the ways could be the increasing strength of the Dollar, which has risen in the last four days. Gold fell on Friday as a result.
This shows that retailers have no fear of risks. Traders are holding the assets, which have a strong upward trend. The US markets have been in the last ten weeks on a good way. There was positive news in connection with the trade agreement between the US and China. This could have encouraged some short-term traders to book their profits from crypto-currencies and to switch to the stock markets.
Although the current decline dampens the mood, it will not change the overall structure of most of the major crypto currencies. You are still in the ground training and will be in this Phase continue to be volatile.
BTC/USD
After six days in a small span has expanded the margin in the case of Bitcoin down, which is a negative sign. Bitcoin (BTC) has fallen below the 20-day EMA and is currently close to the 50-day SMA. At this level, the bearish trend line is located. This line had previously acted as strong resistance, therefore, you will now act as strong support.
A case under this critical support, the BTC/USD can Pair to the next support at 3.355, US Dollar (2.960 euros) to decrease. If this does not hold, is the last support below, a total of 3,236,09 US Dollar (2855m,18 Euro). A new year is deep-set in a downward trend.
If the rate is at the current level of support, he will again try to rise to over 3,900 US Dollar (3.441 Euro) and to reach 4.255 US Dollar (3,754 K Euro). A breakout above this critical resistance suggests that a bottom has been reached. The next few days are crucial. Therefore a Trader can use the Stop Loss Limits in your Long positions with a total of 3,236,09 US Dollar (2855m,18 Euro).
ETH/USD
Ethereum (ETH) has dropped below the 20-day EMA and the 50-day SMA dropped. The fact that he has managed to jump from the 20-day EMA back to the top, is a negative Signal. If the 50-day SMA can’t stop the decline, the next support below at 116,30 US Dollar (102,61 Euro). Therefore, traders can Loss in the case of the remaining Long positions with a Stop-Limit at 125 US dollars (110,29€).
If the ETH/USD Pair at the current levels, it jumps back to the top, it will try to climb to US $ 145 (128 Euro) and to reach the critical overhead resistance at 167,32 US Dollar (147,63 Euro). The Couple is going to win on this level of momentum. Both moving averages are currently flat and the RSI is just below 50. This suggests a short-term trading within a range.
XRP/USD
Ripple (XRP) is just below the moving averages decreased. He is dropped back to the support at 0,2950 US Dollar (0,2602 Euro). This is the fourth Time that the price has fallen to this level.
repeated Tests of a support level increase the likelihood of a decline. If this support is breached, the next level should keep below in mind when 0,27795 US Dollar (0,2452 Euro). The bulls have been able to maintain this support already twice: once in mid-December last year and once at the end of January 2019.
Therefore, this is an important level. A case, including the digital currency on the year’s low of 0,24508 US Dollar (0,2162 Euro) to decrease.
If buyers step in at the current level, the XRP/USD Pair up to 0,33108 US Dollar (0,2920 euros) to climb. A breakout and close above this level is likely to lift the Pair up to the resistance line of the descending channel in the vicinity of US $ 0.40 (0.35 Euro). Traders should your Long positions with a Stop-Loss just below 0,27795 US Dollar (0,2452 Euro).
EOS/USD
EOS has fallen below the 20-day EMA and dropped to the next support at 3,2081 US Dollar (2,8296 Euro). If the bulls defend this level may extend the decline to the 50-day SMA. The dealer can be your Stop Loss Limits for the remaining Long positions at 2,90 US Dollar (EUR 2.56).
A leap from the current levels will lead back up to a renewed attempt to lift the EOS/USD Pair above the overhead resistance at 3,8723 US Dollar (3,4155 Euro). The 20-day EMA flattens and also the RSI has slipped in the neutral Zone. The balance between supply and demand.
LTC/USD
Litecoin (LTC) is 2. March, climbed over 47,2460 US Dollar (41,6723 Euro), but the bulls could not hold the higher levels. The rate has dropped back to the 20-day EMA and forming a head and shoulder pattern is completed on a case and closing below the neckline.
The potential decline in the pattern of the target is 32 US dollars (28 euros). However, the level of 40,4240 US Dollar (35,6551 Euro), the 50-day SMA and the upward line can serve as important supports.
The 20-day EMA flattens and also the RSI has slipped to the middle. This shows that the bulls lose in the short term, the upper hand. If the LTC/USD-bounces off Couple, however, from the 20-day EMA or the neck, it will try again to climb about 50 US dollars (44 euros), and to keep his recovery longer. Therefore, traders can Loss in the case of the remaining Long positions with a Stop-Limit order at $ 40 (35 Euro).
BCH/USD
Bitcoin Cash (BCH) could day in the last five days over the 20–EMA break out, which, in turn, attracted to the seller. The rate has fallen below the 50-day SMA, which is a bearish Signal. He can now fall to 116,79 US Dollar (103,04 EUR) to 105 US dollars (93 euros). Therefore, traders can Loss for your Long positions with a Stop-Limit at 116 US dollars (102,35 EUR).
The BCH/USD Pair makes our assessment is void, and if it reverses from the current levels, and over 140 US-dollars (124 euros) breaks out. Until then, any rise is likely to the seller. The RSI is in the negative range, but the moving averages are still flat, suggesting a possible consolidation.
BNB/USD
Binance Coin (BNB) lock on 2. March 12-U.S. Dollar (10,59 Euro) and triggered our buy recommendation from the previous analysis. However, the conclusion about 12 US dollars (10,59 Euro) the booking of profits by the cops. This has pushed the price back in the critical support zone between US $ 10 (8.82 euros) and $ 12 (10,59 Euro).
Both moving averages are pointing upwards and the RSI is in the positive range, which shows that there is an upward trend. The first support below the 20-day EMA and below 9,2450296 US Dollar (8,1544 Euro). If this support is not hold levels, it can extend the slip up to the 50-day SMA.
If the BNB/USD Pair from the 20-day EMA jumps back to the top, and about 12 US dollars (10,59 Euro) breaks out, there could be up to 15 dollars (13 Euro) and about 18 US dollars (16 euros) to climb. Therefore, traders who have opened Long positions can keep your Stop-Loss at US $ 9 (7,94 Euro).
XLM/USD
Stellar (XLM) tried on 3. March, on the overhead resistance at 0,09285498 US Dollar (0,0819 Euro) break out, but failed. Currently has turned out the course and fell under the moving averages. A case under 0,08184371 US Dollar (0,0722 Euro) can lead to a re-Test of the year lows.
The 20-day EMA is flat and the 50-day SMA flattens out slowly. The RSI has fallen below 50, which shows that the sellers have the upper hand.
Our negative evaluation is void if the XLM/USD-reverses a Couple from the current level of about $ 0.10 (€0.09) breaks out. The Pair has developed very weak, since it was not involved in the recent Pullback. This shows a lack of interest of market participants in this Coin. We will wait for a trend reversal, before we recommend a trade.
TRX/USD
Tron (TRX) has fallen below the support at 0,02306493 US Dollar (0,0203€) and is close to the next support at 0,02113440 US Dollar (0,0186 Euro). If this level is broken, next support to consider below, in the case of 0,01830000 US Dollar (0,0161 Euro). The moving averages have a downward cross-over, which is a negative sign.
If the TRX/USD Pair keeps on 0,01830 US Dollar (0,0161 Euro), it will remain probably for a while in the span, and an opportunity for a trade offer. The cops should not be able to defend, however, the support at 0,01830 US Dollar (0,0161 Euro), is a further decline towards the year’s lows is likely.
it is Our negative evaluation to have lapsed if the rate reverses from the current levels and on a rally above the two moving averages, as well as 0,02815521 US Dollar (0,0248 EUR).
BSV/USD
Bitcoin SV (BSV) could not hold the moving averages. Now, a decline below the support at 65,031 US Dollar (57,359 Euro) threatens him. This indicates a lack of demand at higher levels.
The immediate support zone is between 58 US dollars (51 euros) and US $ 60 (53 euros). If the BSV/USD-falls to Few under this Zone, a decline on the all-time low in 38,528 US Dollar (33,983 Euro). However, since both the moving averages are trending lower and the RSI is in the negative area, is the path of least resistance to the bottom.
If the crypto currency is about the backups, will try again, to rise above 77,035 US Dollar (67,947 Euro). If that succeeds, it can climb up to 102,580 US $ (90,479 Euro) and up to 123,980 US Dollar (109,354 Euro). We could suggest Long positions if the Pair 78 US dollars (69 euros). Until then, we see no reliable buying constellations.
The market data are taken from HitBTC exchange. The Charts for the analysis come from trading view.
