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The market data are taken from HitBTC exchange.
The Social Media giant Facebook to take advantage of its massive number of users, which amounts to over 2.7 billion users, for the success of his crypto-project. This is to bring Instagram, Facebook Messenger and WhatsApp under one roof.
According to sources, the New York Times, the crypto-currency will be a Stablecoin that is to be tied to the Fiat currencies of the three countries. This project aims to make a wide audience a digital currency accessible to and could be of interest to users of this niche, what would have a positive effect on other crypto-currencies.
private investors. due to the continued bear market, sceptical about the entry in the crypto-space, however, institutional actors take advantage of the currently low rates for investment
Bloomberg reported that the Singaporean Government Investment Corporation (GIC) was involved as an Investor with more than $ 100 billion (88 billion euros) to the series E equity financing round of the crypto exchange Coinbase. The entry of large investors is good news for the future of the crypto-period.
Every new technology needs time in order to find broad acceptance. If the range of application of waxes cases for the Blockchain technology, they would develop into something bigger, so Christine Moy, Executive Director and head of the Blockchain Center of Excellence at JPMorgan Chase.
BTC/USD
Bitcoin (BTC) received on 27. February support at the downward trend line. This is a positive sign. As long as the price is above both moving averages, the probability of a gradual increase to 4.255 US Dollar (EUR 3,743 euros) to be high.
Currently, the 50-day SMA is flat, but the 20-day EMA has started to tend upwards. The RSI is also in positive territory, suggesting that the bulls have the short term upper hand.
A breakout above 4.255 US Dollar (EUR 3,743 euros) would complete a double bottom pattern and is likely to lead to closures of Short positions. The minimum target in this constellation is 5.273,91, US Dollar (4.639,06 euros). Therefore, we recommend traders to buy the remaining Position at a closing price (in UTC) 4.255 US Dollar (EUR 3,743 euros).
for now, the traders can keep stops on your Long positions just below the current low for the Year of a total of 3,236,09 US Dollar (2.846,55 Euro).
fall If it’s the cops, however, do not manage to raise the BTC/USD Pair over 3,900 US Dollar (3.431 euros) on the 50-day SMA, and below, to 3.355 US Dollar (2.951 Euro). The downward trend is continuing, if the price falls below the support zone between, a total of 3,236,09 US Dollar (2.846,55 euros) and 3.355 US Dollar (2.951 Euro).
ETH/USD
Ethereum (ETH) fell on 27. February, under the 20-day EMA, but managed to close above this (UTC). This indicates a demand on the lower levels. If the cops don’t raise the price quickly more than US $ 145 (128 Euro), will try the bear again to pass under the support.
If the ETH/USD Pair falls below the 20-day EMA, may extend the decline to the 50-day SMA, and below, on 116,30 US Dollar (102,30 EUR). This is a strong support and you could keep up, otherwise, it can extend the decline to 102,49 US Dollar (90,15 euros). Traders can hold the remaining Long positions and Stop-Loss at 125 US dollars (110 Euro).
If the rate climbs, however, about US $ 145 (128 Euro), is a recovery on 167,32 US Dollar (147,18 Euro). If this resistance is also overcome, to win the crypto currency momentum.
XRP/USD
Ripple (XRP) received on 27. February a support in the vicinity of 0,2950 US Dollar (0,2595 Euro). This is the third Time in the last five days that the cops stay on this level. If you manage to raise the rate on 0,33108 US Dollar (0,2913 Euro), that would be a positive sign. The next level about, you should keep an eye on, is US $ 0.40 (0.35 Euro). Traders can keep the Stop-Loss Limits for the remaining Long positions at 0,27795 US Dollar (0,2445 Euro).
If the XRP/USD Pair does not break out, however, 0,33108 US Dollar (0,2913 Euro), it can in the next few days, in a range between 0,27795 US Dollar (0,2445 Euro) and 0,33108 US Dollar (0,2913 Euro). The gradually flattening moving averages and the RSI is approaching the mid-point to a consolidation.
The Trend is negative if the bears let the Pair below the critical support zone between 0,24508 US Dollar (0,2156 Euro) and 0,27795 US Dollar (0,2445 Euro) to decrease.
EOS/USD
EOS is stuck between the 20-day EMA and 3,8723 US Dollar (3,4065 Euro). He has to climb over the overhead resistance, in order to gain momentum.
Both of the moving averages tend gradually upward, and the RSI is in the positive area. This shows that the path of least resistance leads to the top. Therefore, traders can Loss in the case of the remaining Long positions with a Stop-Limit at 2,90 US Dollar (€2.55). The goal is 4,4930 US Dollar (3,9525 Euro) and about US $ 5.50 (4,84 euros).
If the bears defend the overhead resistance and the EOS/USD Pair below the 20-day EMA and 3,2081 US Dollar (2,8222 Euro) decline, the Trend is negative. A case under the 50-day EMA can lead to a decrease on the critical support at 2,1733 US Dollar (1,9119 Euro). We should get to see in the next couple of days, a decisive movement.
LTC/USD
Litecoin (LTC) has received the 20-day EMA, a buy support and climbed up to the overhead resistance at 47,2460 US Dollar (41,5623 Euro). If the bulls manage to hold above this resistance, a rally on 53,40 US Dollar (46,97 EUR) and about US $ 60 (52,78 EUR). Therefore, traders at the verble can ibenden Long positions with a Stop-Loss-Limit at 40 US dollars (35,18 euros).
The 20-day EMA is trending gradually upwards, as well as the 50-day SMA. The RSI is also positive, which shows that the bulls have the upper hand.
Our optimistic assessment is void if the LTC/USD Pair at the current levels is reversed and the 20-day EMA and US $ 40 (35 Euro).
BCH/USD
Bitcoin Cash (BCH) has been able to hold support at the 50-day SMA in the last five days twice, but jumped from there, still strong to the top.
If the cops lift the rate over 140 US-dollars (123 Euro), is a rally in the direction of 160 US-Dollar (140 Euro). A breakout above $ 160 (€140) indicates upward movement, which can bring the BCH/USD Pair to 177 US $ (156 euros) and about 220 US-Dollar (EUR 193). Traders who hold Long positions, your Stop Loss limit at 116 US dollars (102 euros) to leave.
Our optimistic assessment is void, if the price slips below the 50-day SMA, and then, under 105 US dollars (92 euros). Currently, both moving averages are flat and the RSI is in the middle, suggesting a short-term consolidation.
XLM/USD
Stellar (XLM) in the last four days close to the 20-day EMA. Although he could not yet break out above $ 0.10 (€0.09), it is positive that he is not fallen below the downward trend line.
A breakout above $ 0.10 (€0.09), which suggests strength. This can raise the price in the direction of the overhead resistance at 0,13427050 US Dollar (0,1181 Euro). If the mood in the sector is generally positive, traders can try these trading with a Stop Loss of $ 0.08 (EUR 0.07).
If the XLM/USD-bends and Some of the current levels down and under the falling downtrend line and the support at 0,07256747 US Dollar (0,0638 Euro), the downward trend continued.
TRX/USD
Tron (TRX) in the last four days in between the downtrend line and the horizontal support at 0,0230 US Dollar (0,0202 Euro). It is not succeeded to the cops, to climb above the downward trend line, which shows that there is a lack of demand at these levels.
A breakout above the downtrend line and the 50-day SMA is the rate back to the overhead resistance at 0,02815521 US Dollar (0,0248 EUR) catapult. A breakout above this range will trigger a new upward trend. Therefore, we will wait until the price is above the range, and then Long positions suggest.
fall When the TRX/USD Pair at 0,0230 US Dollar (0,0202 Euro) falls below the support, it can 0,02113440 US Dollar (0,0186€) and including 0,01830000 US Dollar (0,0161 Euro). We assume that the volatility will increase in the next few days.
BNB/USD
Binance Coin (NBB) is in an upward trend and makes a strong impression. He jumped from the 20-day EMA back to the top and is on the way, about the overhead resistance at $ 12 (10,56 Euro) break out. If that succeeds, it is likely to gain momentum and a rally in the direction of 15 US-Dollar (13,19 euros) and about 18 US dollars (15,83 EUR) to lie down.
we like it that the 20-day EMA has offered strong support. For this reason, we recommend Long positions over 12 US dollars (10,56 euros), with a Stop-Loss at US $ 9 (7,92 Euro).
could not remain If the BNB/USD Pair breaks out, however, the critical overhead resistance at $ 12 (10,56 EUR), for the next few days between US $ 10 (€8.80) and $ 12 (10,56 EUR) in a range.
The support levels are, you should continue to keep at the bottom of the eye, the 20-day EMA and if this is breached the 50-day SMA. If both are moving can averages do not provide support, the Trend is on the decline.
BSV/USD
Bitcoin SV keeps for two days at the 20-day EMA, but not from there back to the top jumped.
If the BSV/USD Pair from the current levels back to the top of jumps and over 77,035 US Dollar (67,7678 Euro) increases, it is positive and can climb to 90 US dollars (79,17 Euro) and above, at 102,58 US Dollar (90,23 EUR). Therefore, we recommend Long positions in US Dollar 78 (68,61 euros), with a goal of 102,580 US Dollar (90,23 EUR).
If the bears make the digital currency, however, under the 20-day EMA and 65,031 US Dollar (57,2078 Euro) to fall, it will test the support zone between US $ 58 (51,02 EUR) and US $ 60 (52,78 EUR).
The market data are taken from HitBTC exchange. The graphs for the analysis come from trading view.
