Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, Binance Coin, Stellar, Cardano, TRON: price analysis April 1

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Market data is provided by the HitBTC exchange.

Bitcoin is closed in green for the second consecutive month. This is the first such example since December 2017, indicating that buying is taking place at lower levels. However, at the moment the action is in altcoins. Traders pile up on selected altcoins and the positive sentiment rubs on the leading digital currency. In the current recovery, Bitcoin's dominant position has fallen steadily, now at 50.1 percent.

Trade interests and volume in Bitcoin could rise after the launch of Bakkt. Although there is still no word about the launch date, Bakkt continues to build a strong team. It has announced Tom Noonan, former cyber security expert at IBM, Cisco and Endgame, as the chairman of the board of directors.

During the bull phase, ICO & # 39; s offer astronomical returns. But during a bear market, most of them take a huge beating. As a result, interest in ICO & # 39; s is declining. In the first quarter of this year, the ICO market was able to raise only $ 118 million, far from the record amount of $ 6.9 billion raised during the first quarter of 2018. But as sentiment improves, this market can come back to life and projects with strong use cases must be able to raise money.

BTC / USD

Bitcoin (BTC) crawls toward the aboveground resistance of $ 4.255. The bulls have failed to break out of this resistance twice before, so we expect the bears to defend this level with full force.

However, if the bulls scale above this level, it will complete a double bottom pattern and also activate a number of stops at the short positions. This will result in a rapid move to $ 4,914.11, followed by a move to $ 5,273.91. The rising moving averages and RSI close to the overbought area show that the bulls are in command.

Our position will prove incorrect if the BTC / USD pair reverses the direction of the current levels and falls below the moving averages. If the pair supports SMA for less than 50 days, a range of action radius is still to be expected for a few days. Traders can take the stops at the long positions to $ 3,700.

ETH / USD

Although Ethereum (ETH) closed above $ 144.78 on March 29, the bulls could not sustain the higher levels. However, the bullish sign is that the digital currency is trying to recover from the 20-day EMA. If this time can break out of $ 144.78, a fast transition to $ 167.32 is possible.

ETH / USD

The ETH / USD pair completes an ascending triangle pattern if it breaks out and closes (UTC time frame) above $ 167.32. The pattern goal of this bullish set-up is $ 251.64. Both moving averages are gradually ending and the RSI is also in the positive area. This suggests that the bulls have the upper hand. Therefore, traders can keep the stop loss on the remaining long positions at $ 125.

XRP / USD

The traders show no interest in buying or selling Ripple (XRP). That is why the price has been around the current level in recent days.

XRP / USD

A breakthrough in air resistance at $ 0.33108 and the descending channel resistance line will be the first indication that the bulls are back in action. After a burst of the descending channel, the XRP / USD pair is likely to start a new uptrend that can carry it to $ 0.60. The climb can be confronted with small obstacles between $ 0.40 and $ 0.45 and above that at $ 0.50 to $ 0.55. However, we expect that all of these obstacles will be exceeded. We can again propose long positions if the price is higher than $ 0.33108.

Conversely, if the pair gets lower and falls below $ 0.27795, it will indicate weakness. The next support at the bottom is the annual low of $ 0.24508. The down trend will resume if this support also tears.

EOS / USD

EOS again faces stiff resistance at $ 4.4930, but it hasn't lost much ground like the previous instance on February 24, when it popped strongly after it reached the same level.

We expect the bulls to try again to break the overhead resistance within the next 2-3 days. The next target to look at the top is $ 5,870. The upward moving averages and the RSI in the positive zone suggest that the path is from the least resistance to the top.

EOS / USD

Our bullish view is canceled out if the EOS / USD pair falls below the current level and slides below the moving averages. Therefore, traders can keep the intermediate stops at the remaining long positions at $ 3.70. We will recommend to re-book partial winnings and have the stops follow higher within the coming days.

LTC / USD

Litecoin (LTC) stands for rigid resistance at $ 61.9044. Repeated attempts by the bulls to scale this level have failed. Traders can book profits at 40 percent of the remaining long positions above $ 60 and keep the stop loss on the rest at $ 55. We have proposed to make more profit at the current level because the bulls do not exceed the resistance and the negative differences make us uncomfortable on the RSI.

LTC / USD

A fall below the 20-day EMA will be the first sign that the LTC / USD pair is losing strength. We expect a deeper fall if the bulls fail to defend $ 56,910. Under this support is the 50-day SMA level to look down. Contrary to our expectation, if the bulls push the prize above $ 62, there will be a rally to $ 69.2790 in the cards.

BCH / USD

Bitcoin Cash (BCH) consolidates over the past four days in a tight range. A breakout of $ 177.30 completes a rounding bottom formation with a pattern target of $ 249.60. Both the moving averages are gradually rising and the RSI is trading near the overbought zone. This suggests that the bulls have an advantage.

BCH / USD

However, if the BCH / USD pair expires from the current levels and falls below the moving averages, the momentum loses. The digital currency has a history of vertical rallies and falls in the waterfall. That is why traders can protect their long positions with the $ 140 stop-loss.

BNB / USD

Binance Coin (BNB) has extended its fantastic run with attempts to break the stiff air resistance at $ 18. If the bulls can maintain this level, there is no visible resistance until the price reaches nearly $ 25. This will bring the digital currency closer to the lifetime highs and be a big sentiment booster.

We love how each support is held and the cryptocurrency has created a higher floor for itself during the rise. Both moving averages are directed upwards and the RSI is close to overbought, suggesting that the bulls are seated firmly in the driver's seat.

BNB / USD

Traders can keep the stop loss on the remaining long positions at $ 15. We will follow this further if we come across signs of profit posting at the lifetime highs.

Our bullish assumption will become invalid if the BNB / USD pair does not exceed $ 18 and reverses the direction. A fall below the 50-day SMA indicates that the current leg of the upper movement is over.

XLM / USD

Stellar (XLM) is struggling to break free from the 20-day EMA. The only positive is that the bulls have survived the 20-day EMA for the past five days. But if the price does not start quickly, the sale may come under pressure again.

XLM / USD

A breakdown of the 20-day EMA can return the XLM / USD pair to the uptrend line. If this support also gives way, the trend will change in favor of the bears.

However, with both the moving averages gradually shifting up and the RSI in the positive area, the path is from the least resistance to the top. We therefore recommend that traders hold the long positions with stops for $ 0.08.

ADA / USD

Cardano (ADA) came close to $ 0.075 on both March 29 and March 30. We recommended that traders make partial gains that were closer to this level in our previous analysis.

ADA / USD

The trend remains bullish because both the moving averages are declining and the RSI is in the overbought zone. Each dip is probably supported on the 20-day EMA. The next target at the top is $ 0.082 and if that is exceeded, the increase can be increased to $ 0.094. That is why we recommend that traders follow the remaining long positions with stops at the breakeven. We will soon propose to move the stops to just below the 20-day EMA.

The ADA / USD pair loses momentum if the price does not return from the 20-day EMA. In the event of a failure, the trend will become negative and fall below the 50-day SMA.

TRX / USD

Tron (TRX) is currently trying to break the moving averages and the downward trend line. If the bulls support this breakout, the price can rise to the next above-ground resistance of $ 0.02815521. This is a critical resistance because the price has repeatedly returned from it. Notwithstanding, if the bulls scale above, a new upward trend is likely to start that can carry the digital currency to $ 0.040 and above that to $ 0.0480.

TRX / USD

Due to the strong upside potential, we can again propose long positions for a breakout and close (UTC time frame) above $ 0.02815521.

Contrary to our assumption, if the TRX / USD pair fails to break out and maintain above $ 0.02815521, it may remain tied to the range for a few more days. It becomes negative if it falls below $ 0.01830.

Market data is provided by the HitBTC exchange. Graphs for analysis are provided by TradingView.

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