Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, Binance Coin, Stellar, Cardano, Tron: Price Analysis, March 29

The opinions and opinions expressed here are solely those of the author and do not necessarily represent the opinion of Cointelegraph.com. Every investment and trade movement entails risks, you must conduct your own research when making a decision.

Market data is provided by the HitBTC exchange.

Japan is on the way to regulated crypto exchanges. The Japanese financial regulator, the Financial Services Agency (FSA), has recently approved two entities to start its activities in April. Currently, only about 14 percent of the total of 216 crypto exchanges around the world are licensed by regulators, according to the latest report from start-up company Coinfirm.

The Russian billionaire Vladimir Potanin is looking for a palladium-supported cryptocurrency token that will improve the ease of transactions. The tokens are traded through a palladium fund in Switzerland. Likewise, blockchain-enabled diamond exchange Cedex will start its business by trading around 6,000 diamonds worth more than $ 50 million. Another blockchain trust company Paxos wants to weaken gold and expects to become operational this year.

Many investors in cryptocurrency are first-timers who have no experience with other investment categories. To use this set of investors who want to invest in shares, the decentralized platform for financial contracts, UMA, has worked with MakerDAO of Decentralized Autonomous Organization (DAO) to release USStocks, a token linked to the US stock markets.

Blockchain and cryptocurrencies try to make a difference in the way traditional assets are traded. If this succeeds, it is an optimistic move for the budding investment category. The recovery on crypto markets continues. Let's see which large coins look strong.

BTC / USD

Bitcoin (BTC) has continued its $ 4,255 air resistance journey. The bulls have been struggling to maintain this level since last December, which is why this is an important obstacle to watch out for.

If the digital currency breaks out and closes (UTC timeframe) above $ 4.255, it completes a double bottom. This reversal pattern increases the chance of a new uptrend with a minimum target of $ 5,273.91.

Both the moving averages are gradually rising and the RSI is in the positive zone. This shows that the buyers have the upper hand, but that the current movement has no momentum.

In contrast to our bullish view, if the BTC / USD pair cannot rise $ 4.255, it will remain in the wide range of $ 4.255- $ 3.236.09 for a few more weeks. After a sharp bear market, the soil formation will probably take a long time. The longer the base, the stronger the final outbreak will be.

However, if the pair breaks down $ 3,236.09, the sentiment will diminish and it can result in a fall in the waterfall. For now, traders can keep the stop loss on the long positions at $ 3,500. We will climb the stops higher soon.

ETH / USD

Ethereum (ETH) tries to break out above the air resistance with $ 144.78. It has been rejected three times from this level in the last month. That is why this level is significant.

If the bulls push above the resistance at $ 144.78, the ETH / USD pair can quickly rise to $ 167.32. The pair may encounter strong resistance at this level. That's why we can tighten the stops when the price is $ 167.32.

With a breakout and close (UTC timeframe) above $ 167.32, the digital currency completes an ascending triangle pattern. This bullish set-up has a target of $ 251.64.

Our bullish display becomes invalid if the price falls below the uptrend line. Traders can keep the stopovers in the remaining long positions at $ 125

XRP / USD

Ripple (XRP) continues to trade near the moving averages. Both averages are flat and the RSI is just below the center. This indicates a balance between buyers and sellers.

The balance tilts in favor of the bulls as the XRP / USD pair breaks out and closes (UTC time frame) above $ 0.33108. Just above this level is the resistance line of the descending channel. When we rise above these resistances, we expect the trend to change. The subsequent rally can reach $ 0.60 in the medium term.

Conversely, if the bears sink the digital currency below $ 0.27795, it can fall to the lowest level of $ 0.24508. We cannot find reliable purchase arrangements at the current level; therefore we do not suggest trading in this.

EOS / USD

EOS has reached the critical air resistance of $ 4,449 from which it had reversed direction on February 24. The bulls are currently trying to break out of the resistance. If this succeeds, the digital currency can rise to $ 5.8370.

Both the moving averages are tilted up and the RSI is close to the overbought area. This suggests that the bulls are in command and an outbreak is likely. As the price has reached a critical level, we recommend that traders run intermediate stops on the remaining long positions to $ 3.70. We will stop again in a few days.

Contrary to our expectation, if the EOS / USD pair changes direction again, it may fall to $ 3,887, which should be a strong support. The 20-day EMA is also close to this level, hence this level becomes significant. The momentum will weaken if the price stays below the 20-day EMA.

LTC / USD

Litecoin (LTC) has been consolidating close to the highlights for the past 13 days. This is a positive sign because it shows that the bulls are not yet making a profit because they expect higher levels. The digital currency extends the recovery if it breaks out and closes (UTC timeframe) above $ 61,944. A rapid switch to $ 69.2790 is likely after the outbreak.

The rising moving averages indicate that the path is from the least resistance to the top. However, the negative negative divergence on the RSI can play the spoil sport.

A breakdown of the upward line of the developing wedge pattern is the first sign that the momentum decreases. The first support at the bottom is the 50-day SMA, under which the LTC / USD pair can fall to $ 47,2460. Therefore, keep the stop loss on the remaining long positions at $ 55.

BCH / USD

Bitcoin Cash (BCH) is sold out at $ 163.89 but may be resisted at $ 177.30. If the bulls rise above this resistance, it completes a rounding bottom pattern with a target of $ 222.78- $ 249.60.

Both moving averages have started to rise and the RSI is close to the overbought zone. This suggests that the bulls have a slight lead. The BCH / USD pair has a history of vertical rallies, so we recommend keeping the long positions with the stops at $ 140. The pair weakens less than $ 125.88 and becomes more negative under $ 105.

BNB / USD

Binance Coin (BNB) is currently consolidating over the past four days in the range of $ 15.63- $ 18. This is a positive sign as it confirms that the bulls hold on to their long positions even at the critical air resistance of $ 18. Both Moving averages continue to rise and the RSI is close to the overbought area.

A breakthrough and close to the $ 18 air resistance can lead the BNB / USD pair to lifelong highs. This will be a major incentive for sentiments, as it will confirm that the recovery is on track and that selected digital currencies have started their own bull market.

But if the pair rejects $ 18, it can correct to the 20-day EMA, including the drop that can extend to the 50-day SMA. We therefore recommend that traders protect their remaining long positions with $ 15 in between stops.

XLM / USD

Although Stellar (XLM) has been trading above the 20-day EMA in the last two days, the momentum still needs to be picked up. This shows a lack of demand at higher levels.

If the XLM / USD pair does not rise in the coming days, it will probably fall under the 20-day EMA again and go to the uptrend line. This is a critical support, under which the trend will become negative.

Contrary to our assumption, if the pair rises sharply relative to the current levels, it can reach $ 0.13250273. If this level is scaled, the next level to watch is the long-term downtrend line, which is a great resistance. For now, traders can keep the stops at the long positions at $ 0.08.

ADA / USD

Cardano (ADA) has continued to rise to its second target of $ 0.080. Both the moving averages are tilted up and the RSI is close to the overbought area. This shows that the bulls are in charge.

Traders can post partial gains closer to $ 0.0750 and make the intermediate stops on the remaining long positions to equalize. It is always a good idea to book partial profits and reduce the risk, because often the trade can turn around in no time and turn a profit into a loss.

After booking partial gains, the remaining positions can be followed with a loose stop loss that gives some room for maneuver to the ADA / USD pair. We will closely monitor the resistance zone of $ 0.080- $ 0.094256 before determining the next move.

Our bullish view becomes invalid if the pair sharply reverses its direction from current levels and plunges below $ 0.051468.

TRX / USD

Tron (TRX) has broken out of the 20-day EMA and is currently on the falling trend line. A breakthrough of this resistance will propel the digital currency to $ 0.02815521. If the price is higher than $ 0.02815521, it is likely that a new upward trend will begin. That is why we can propose long positions for a breakout and close (UTC time frame) above $ 0.02815521.

On the other hand, if the TRX / USD pair leaves the downtrend line or $ 0.02815521, it remains range-bound for a few weeks. The flat moving averages and RSI just above the middle point to a balance between buyers and sellers. In the event of a failure, the trend will become negative and fall below $ 0.01830. Until then, the volatile distance-related action will continue.

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

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