Coin Price Analysis , 28Feb :- Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS
bitcoin·@bitcoin510·
0.000 HBDCoin Price Analysis , 28Feb :- Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS
 Bill Gates, a world-famous businessman and philanthropist and Microsoft corporation principal founder state in an AMA session on Reddit yesterday 27Feb, that cryptocurrencies led to deaths 'in a fairly direct way.'And even though crypto investors have become victim of kidnapping and robbery, this still should not overshadow the true potential cryptocurrencies and the blockchain technology can bring to the society. As our readers might have seen over the past few months, cryptocurrencies should be traded cautiously. If one makes the right decision and trades using the chart patterns, trades can be profitable with a calculated risk. 1:) BTC-USD In our previou analysis, we had forecast bitcoin to reach the resistance line of the descending channel at $11,500, after breaking out of the 50 day SMA. Today, the cryptocurrency reached an intraday high of $11147.99.  BTC/USD We believe that the zone between $11400 and $12200 will act as stiff resistance. Therefore, the aggressive traders should book profits on 50 percent of their positions at the current levels and hold the rest with a trailing stop loss. A breakout of the $12200 levels will complete an inverted head and shoulders pattern, which can propel the BTC/USD pair back towards the $18000 levels. The bears will gain strength once the digital currency breaks down of $9400 levels. Until then, it is bulls advantage. @bitcoin510 2:) ETH-USD We had expecte ethereum to break out of the 20 day EMA and rally towards the resistance line of the descending channel. However, for the past two days, the bulls have failed to break out and settle at the moving average.  ETH/USD If the ETH/USD pair turns down from the 20-day EMA and breaks below the trendline of the ascending triangle formation, it will be a bearish development. On the downside, $770 to $780 is likely to act as strong support. Therefore, traders can raise their stops to breakeven on half position and keep the stops at $780 on the other half position. Let’s reduce our risk. @bitcoin510 3:) BCH-USD We still don’t find signs of a recovery for #bitcoin cash. For the past six days, the price has been stuck in a tight range of $1150 to $1355. Both the 20-day EMA and the 50-day SMA are turning down, which shows that the bears have an upper hand.  BCH/USD If they succeed in breaking down of the $1150 support levels, a fall to $854 is likely. On the other hand, if the bulls breakout of $1355, a move towards $1600 is likely. We are not sure whether the next move will be up or down. Therefore, we have provided both possibilities, and we do not recommend any trade on the BCH/USD pair at the moment. @bitcoin510 4:) XRP-USD We had forecast a range bound trading action in Ripple in our previous analysis and the price action supports our view. However, instead of trading in a large range, the cryptocurrency is stuck inside a very tight range, with resistance on the upside at $0.98669 and support on the downside at $0.85.  XRP/USD If the bears break below this tight range, a fall to $0.72 is likely. If the bulls break out of the range, a move towards the 50-day SMA is likely. Until then, the XRP/USD pair is likely to remain range bound. @bitcoin510 6:) XLM-USD Stellar is struggling to move up. This shows lack of buying even at the current levels. When the price fails to bounce off strong support levels, it is a sign of weakness.  XLM/USD Both the moving averages have also turned down, which shows that the bears are in command. If the XLM/USD pair breaks down of the 0.32$ support, a fall towards the 0.22$ levels is likely. On the upside, the bulls will face resistance at the 20-day EMA and the 50-day SMA. We remain neutral to bearish on the cryptocurrency as long as it trades below 0.48$. @bitcoin510 6:) LTC-USD Litecoin went down from the overhead resistance of 240$ on Feb. 26. Currently, it is trading close to the 20-day EMA, which should provide support.  LTC/USD We like the LTC/USD pair because the moving averages have completed a bullish crossover and the 20-day EMA is above the 50-day SMA, which is a positive sign. But if the cryptocurrency breaks down of the 20-day EMA, it can fall to the 50-day SMA. We shall retain our stop loss at breakeven because we don’t want to carry a risk when the overall sentiment is bearish. On the upside, Litecoin will gain momentum above 240$. Our target objective remains a rally to 270$ and 300$. @bitcoin510 7:) ADA-BTC We had suggested closing our aggressive long positions for Cardano in our previous analysis, and it turned out to be the right decision.  ADA/BTC The ADA/BTC pair has broken down of the 0.000030 levels and is on its way towards the next support level of 0.0000246. The only silver lining is that the RSI is showing signs of positive divergence. However, we shall not venture to buy it until the price climbs above the 20-day EMA and the downtrend line. @bitcoin510 8:) NEO-USD Traders who follow us are long on NEO at 126$ levels, as recommended. Yesterday, 27Feb, the currency broke out of the critical overhead resistance at 140$, but it did not sustain the breakout.  NEO/USD We continue to put our trust in the NEO/USD pair because it has broken out of a bearish pattern and is sustaining above both the 20-day EMA and the 50-day SMA. Our target objective on the upside remains a rally to $170. The stop loss can be retained at $105 for now. Traders can raise the stop loss to breakeven as soon as the cryptocurrency climbs above $150. @bitcoin510 11:) EOS-USD EOS broke out of the downtrend line yesterday, Feb. 27, but could not climb above the 20-day EMA. It has formed a symmetrical triangle. The next leg of the uptrend or downtrend will start once the price breaks out or breaks down of the triangle.  EOS/USD If the EOS/USD pair breaks down of the $7.5 levels, a retest of the Feb. 06 lows, $5.7917, is likely; though the pattern target is way lower. On the other hand, a breakout of the symmetrical triangle will push the price towards $10.119 levels. We only should turn bullish on it after it sustains above the 50-day SMA. @bitcoin510