ETH/USDThe dip in Ethereum below the 20-day EMA was aggressively purchased on May 14, resulting in a move back to the overhead resistance of $745.Currently, the ETH/USD pair is looking strong as it is holding above the $700 levels.
On the downside, the critical support levels are $637, $600 and the 50-day SMA at $570.BCH/USDBitcoin Cash bounced back sharply from the lows on May 12, but it is struggling to sustain above the 20-day EMA and break out of the small downtrend line.
This bearish pattern has a target of $650, but it is unlikely to be a straight fall because the digital currency has strong support at $1,221, then at the 50-day SMA at $1,100 and finally at $800.If the neckline of the H&S pattern doesn't break down and prices break above $1,520 levels, Bitcoin Cash can rally back to $1,800 levels.
XRP/USDRipple broke below the 50-day SMA on May 11 but found strong buying support at $0.632 levels on May 12.
If the bulls fail to scale above the overhead resistance, the cryptocurrency can slide to $0.56-$0.58 levels.
XLM/USDStellar bounced off the 50-day SMA on May 12, but the pullback is facing resistance at the 20-day EMA. If the bulls break above the 20-day EMA, a rally to $0.45 levels is possible.
If the XLM/USD pair turns down from the moving average but takes support at the $0.334 levels, it will be a positive sign and we can expect a break out of the 20-day EMA within a couple of days.
Currently, the bulls are trying to sustain above the $141 levels, which is a positive sign.
If the ADA/BTC pair breaks the trendline support, it can decline to 0.000025 levels, which is a strong support.
On the other hand, if the trendline holds, Cardano will again try to scale above the 0.00003445 levels.
Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, IOTA, EOS: Price Analysis, May 15
Udgivet den May 15, 2018
by Cointele | Udgivet den Coinage
Coinage
Nævnt i denne artikel
Seneste nyheder
Se alt
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.