The Latest reports about cryptocurrencies, blockchain and FinTech from Coinspeaker’s staff writers and our partners.
The traders should watch out for the breakout before taking the position. Should the bulls defend the $3,949 price level, the Bitcoin price may rally to the north and have its target at $5,084 – $5,667.
The bulls may push the Cardano price up to the range of $0.052 and $0.058 if the daily bullish candle closes above the price level of $0.042
In case the bulls gain enough momentum to break up the supply level of $0.17, Stellar will rally to the north and have its target at the $0.20 price level. Should the supply level of $0.17 holds XLM will have its low at $0.10 price level.
In case the resistance level of $90 holds the Bitcoin Cash SV price will bounce and the bears will take over the market and have its target at the support level of $39.
Ethereum refused to respect the historical price level of $140; it has gone down lower to the demand level of $102. ETH price may reach $90 price level as long as the bears maintain their pressure.
The Bitcoin price of $3,450 is a crucial accumulation territory which may return the bulls into the market. However, if broken downside it will lead to a new low of $2,937.
There are possibilities for further downtrend movement in which Cardano price may have its low at $0.036 price level in case the bears break the demand zone of $0.042.
In case the demand level of $0.19 holds the Stellar price may bounce and the bulls may reverse the trend.
Until a radical force push out XRP price from the price range bound of $0.53 and $0.43price level, consolidation is still in place.
The support zone of $218 may be broken and Bitcoin Cash price will have its low at the support level of $115 in case, the bears maintain or increase their pressure.
In case the historical Ethereum price level of $140 hold, traders can initiate buy setups in anticipation for bullish trend.
In case the bears were able to break down side the accumulation territory of $5,419 the Bitcoin price will have its low at $5,336. If the accumulation territory of $5,419 holds the bulls may take over the market.
Should the bulls push Cardano price up to break the supply zone of $0.064 upside, the trend may change to uptrend but in case the bears defend this zone there will be downtrend continuation.
The strong bearish candle that broke down the demand levels of $0.25 and $0.23 and closed below the dynamic support and resistance is an indication that downtrend movements in Stellar price may continue.
Should the bears maintain or increase their pressure, the support zone of $501 will be broken and expose the support zone of $410 for Bitcoin Cash price to find its low.