Therefore, we anticipate it to act as a major roadblock. Key Takeaways: Contents, bitcoin price surged higher and cleared the 4,000 resistance area. ETH/USD pair plummets below the 20-day EMA. A move up is also backed by the RSI indicator, which is in the neutral zone. Overall, EOS price is placed nicely above the.30 and.50 support levels. A breakout and close (UTC time frame) above the channel will be a positive sign and can result in a quick move to 500, followed by a rally to 638.99. However, the main support is near the 3,760 level, which was a resistance earlier and now coincides with the 50 Fib retracement level of the last wave from the 3,213 low to 4,306 high. The exchanges that saw the largest volumes were Bitbank (16.99 HitBtc (10.64) and Binance (9.19). Notwithstanding, if the price turns down from 95, a retest of the low is probable. The sentiment has been negative but a few midweek news did give a positive push to a lot of cryptocurrencies.
If the bears push prices down from the 20-day EMA, the virtual currency can remain range bound for a few days. Top Gainers During the past 7 days, a few small cap altcoins gained traction and climbed more than 100, including ARB, crbt, MCC, strat, lina, R and WTL (trading volume more than 50K). XRP/USD climbed above the.3000 and.3200 resistance levels to start a decent recovery. If the momentum continues, a rally to 300 is also possible. The pullback can reach the 20-day EMA, which is likely to offer a stiff resistance. There could be a few reasons for such high activity. It is a fund worth.4 Bln that invests exclusively in Bitcoin and is perhaps the best indicator of institutional interest in BTC. Only a close below 100 may push the price back in a bearish zone. This shows that the path of least resistance is to the upside.
The positive divergence on the RSI is also a bullish sign. Ethereum ETH, ethereum the second largest coin, did see a midweek boost as US SEC gave out a statement that Ether would not be considered as a security. The moving averages have turned up and the RSI is in the overbought zone. XRP/USD, ripple ( XRP ) soared on May 14 and broke out of the overhead resistance.33108 and.37835. We will suggest a stop loss after the trade triggers. While increasing volume is a positive sign, a huge spike in volume can, at times, signal panic buying for the fear of missing out on the gains. But before that level is reached, BTC should touch 7,900 once again. Bitcoin the bellwether has seen a drop from highs of USD 6900 to lows of USD 6400 during this week recording a knockdown of close to 10 on the back of a news that. This suggests that the bulls have the upper hand. The price recovered and it is currently trading near the.3750 level. The major trend remains down. The 20-day EMA has started to slope up and the RSI has reached the overbought zone.
Ripple Price Analysis, ripple price consolidated above the.2800 support for a few sessions and later started a sharp upward move. Also, read: Bitcoin Worst Passed? It will weaken and slide to the support line of the channel on a breakdown of the 20-day EMA. However, the investors interest keeps increasing, according to the. We expect the bears to defend this level strongly. At the moment, the asset is trading 14 more than yesterday. Movers, super Bitcoin- Showing a rise of 253.40. The virtual currency has been extremely oversold for the past few days and a pullback is probable.
On the upside, a breakout.45 can clear the path for a rally.60, with minor resistances.50 and.55. Any dip is likely to find support at 200 and below it at the 20-day EMA. With respect to other news President of Xapo said that Bitcoin Will Become The Global Reserve Asset. The pair had turned down thrice from this resistance line, hence, it is an important level to watch out for. EOS/USD pair can pull back.0510 and.5147.2 percent and 50 percent of the retracement levels of the down move from.47931.55. An essential one concerns the, binance exchange that has resumed trading and the ability to deposit funds. The market data is provided by TradingView, Bitfinex. However, buyers must clear the.90 and.00 resistance levels to extend gains. It can now climb to the next overhead resistance.8299. On the upside, a convincing break above the.4000 and.4050 resistance levels is needed for more gains towards the.4200 and.4400 levels in the near term. Ethereum is not going to follow BTCs example and continues giving profit to its investors. However, if the pair fails to break out of the channel, it might gradually continue to climb higher. ETH/USD pair turns down from 102.50, it can slip back.
However, it finally found support near the.55 level and later started a decent recovery against the US Dollar. Our bullish view will be invalidated if the price turns down from the overhead resistance. Market data is provided by the. Contrary to our opinion, if the TRX/USD pair turns down from the 20-day EMA, it can again fall to the trendline and below it.01176658. One such rumor was that eBay will start accepting cryptocurrencies, but the same was denied by the company. Bitcoin Price Chart: Click to Enlarge. It has risen above the 20-day EMA for the first time since Nov. A year later, after a massive bear market, the question in every investors mind is, can Bitcoin rise from the dead once again and stage a turnaround? Amid the news, the Binance Coin (BNB) rate has started to rise sharply. However, the RSI is deep in overbought territory, which suggests that buying has been overdone in the short term. Above.352, the BSV/USD pair can move up to the top of the range at 123.98. XLM/USD chart by TradingView. If not, the price may reverse gains and trade back towards 3,500.
The biggest gainers are Stellar Lumens and Ethereum, whose rates have rocketed by 21 and 15 respectively. Shark Tank's Kevin O'Leary, based on his personal experience in using Bitcoin for a real estate transaction, has termed the coin as a useless form of currency. Though the moving averages are still falling, the RSI is showing a positive divergence, which is a bullish indication. The price could not break out of the symmetrical triangle with force, invalidating the pattern. But it has again risen to new highs today. Therefore, we have not suggested any trade on the. The 20-day EMA is flattening out, which shows a likely change in the short-term trend. BNB/USD Binance Coin ( BNB ) made a new lifetime high on May 13, which failed to sustain. The first support on the downside is at 7,413.46 and if this level breaks, the slide can extend to the 20-day EMA. We anticipate a strong resistance close.349. Fundamental factors like actual utility, clear regulations and wider adoption of the technology will attract institutional investors who will drive the next leg.
However, there was no close below the.3550 level and the 21 simple moving average (4-hours). Above the 20-day EMA and.33108, the recovery can extend to the next overhead resistance.40. Bitcoin price were manipulated to its peak. . It will resume its downtrend below the Dec. LTC/USD, litecoin is currently in a sharp pullback.
Fortunately, that does not affect the market. On the other hand, the popular online trading platform eBay has denied rumors about the introduction of digital currency support. The BNB/USD pair can now move up to the resistance line where it is likely to face some selling. Contents, finally, the time of altcoins has started, as the leading crypto is stagnating near the 8,000 mark. Some key voices that spoke in favor of Bitcoin long-term targets were ICO expert Phillip Nunn making a prediction that bitcoin would reach USD 60000 while Tim Draper suggested that Bitcoin will climb to 250,000.00 by 2022. It coincides with the.8 Fib retracement level of the last wave from the.2857 low.4054 high. More importantly, there was a break above a major bearish trend line at 3,400 on the same chart. However, as we do not find a setup with a good risk to reward ratio, we are not proposing a trade. Our bullish view will be invalidated if the price turns down from.352 or the 20-day EMA and plummets below.031. There is a belief that the prices could slide further. Bitcoin futures on CME made a new record as the number of traded contracts reached 33,700 on May 13, which was way higher than the previous record of 22,500 contracts that exchanged hands on April. ETH/USD, ethereum eTH ) has picked up momentum in the past two days and has risen above our first target objective of 225.
On the other hand, if the bulls fail to ascend the overhead resistance.094256, the ADA/USD pair might remain range bound for a few more days. Ethereum Price Analysis, ethereum price followed bitcoins path and rallied sharply from the 82-83 support area. Similarly, major altcoins like Ethereum, EOS, Stellar, XRP, iota, BCH, ADA, NEO, ZRX and XMR are trading with a bullish angle and facing bitcoin ripple ethereum price analysis major uptrend hurdles. After the initial pullback, the next leg down will confirm whether the bottom is in place or if the. EOS Price Chart: Click to Enlarge Looking at the 4-hours chart, the price climbed above the.80 resistance and a significant bearish trend line. This shows that the bulls are in the drivers seat.