BTC, ETH, XRP, EOS, LTC Price Analysis- March'19

Anisa Batabyal
| 18 March, 2019 | 2 min

#1 Bitcoin: BTC/USD (Coinbase)

Bitcoin pair has been slowly trending up for the past few days and it’s the most valuable cryptocurrency. BTC/USD pair tested the $3781 price and jumped 6%+.

Let's look at the 4-Hour Time frame chart for analysis.

Bullish Case:

Bitcoin pair if stayed above $3928 then it could be possible resistance turned support (S/R)Flip scenario, which would be slightly bullish(buy signal) for the asset.

Risk taker can look for buying around $3900-$3928 price level with tight stop-loss around $3866 and below and can target(Sell) $4200 level near major resistance. While safer entry will be after breaking of the major resistance level($4200+) and retest of the $4200 price level for mid-term. Also, STOCH-RSI is moving near the oversold reason which is bullish but MACD indicator has crossed bearishly.

Ichimoku cloud and 200H-SMAs can provide preliminary support for the pair.

Breaking $4400+ price level would be strongly bullish(buy signal) for the asset in the coming days/weeks.

Bearish Case:

If the support level $3712+ doesn't hold in the coming days then it would be early signs of the bearish(Sell) sentiments and breaking $3300 level after that, would be strongly bearish (sell signal) for the pair for mid-term with a downside to $2400-$2800 price level.

Also, we could range between $3000 and $4400 price level before making a significant move up or down.

#2 Ethereum: ETH/USD (Bitfinex)

Ethereum pair tried breaking above $142 price level for the past few days but couldn't.

Let's look at the 4Hour-Time Frame for the significant price levels.

Bullish Case:

ETH/USD pair touched support (green bar) around $132 price level for the third time on 14th March' 2019 and surged 12%+ against USD. It needs to break the $141-$143 preliminary resistance with strong buy volume to confirm short-term bullish sentiments. It has surpassed 200H-SMAs and might provide support to the pair.

Also, STOCH-RSI is moving near the oversold reason which is bullish but MACD indicator has crossed bearishly.

Buyers can look for confirmation only after breaking of the resistance level($153-$155) and enter on a retest around that area.

Bearish Case:

ETH/USD tried twice to break above the preliminary resistance area($142-$144) but couldn't. If it doesn't break this level and trade below it, in the coming days, then it would be bearish(sell signal) for the pair.

If support level around $127 doesn't hold and break down then it would be early signs of bearish(sell signal) sentiments.

Also, it couldn't break above Ichimoku cloud and if break below the Ichimoku cloud then it would be a sell signal for the pair.

#3 RIPPLE: XRP/USD (BITFINEX)

Ripple/USD pair hasn't moved much when compared to other major assets according to market cap. It has moved up in single digit while another major crypto asset has give double-digit gains.

Let's look at the 4 Hour-Time Frame for the significant price levels.

Bullish Case:

Ripple pair has a breakout of the pennant pattern upside on 13th March' 2019 and moved 4%+ testing the preliminary resistance area. Buyers who got in at price levels around $0.31 from the previous article posted on 13th March' 2019 would have booked a 5% profit.

Interested buyers can look for entering only after the pair breaks the preliminary resistance and buy on a retest around $0.3278 price level with tight stop loss and can target around $0.35 price level for mid-term.

Also, STOCH-RSI is moving near the oversold reason which is bullish but MACD indicator has crossed bearishly.

Ichimoku cloud and 200H-SMAs can provide preliminary support for the pair.

Bearish Case:

If the price drops below $0.30 around preliminary support level then it would be slightly bearish (sell signal) for the asset and breaking below $0.27 price level would be strongly bearish(sell) signal for the pair in mid-term.

#4 EOS: EOS/USD (Bitfinex)

EOS/USD pair has been ranging between $3.55-$3.59 price level for the past few days and has been among the top cryptocurrency list.

Let's look at the Daily chart time frame of the pair:

Bullish Case:

Interested buyers can look for price level around $3.1-$2.9 for safer entry while risk taker can buy at present level to target price $3.54+ level in the coming days with the first target being around $4.5 price level.

Stoch-RSI and MACD indicators are showing upcoming upside potential and it has been trading above Ichimoku cloud and 200D-SMA.

Also, breaking the $6.5+ price level will be strongly bullish(buy signal) for the asset in the long-term.

Bearish Case:

Early signs of the bear will be confirmed if the pair doesn't hold the $2.8 price level and breaking the last line of the defense around $2.1-$2.3 price level would be strongly bearish(sell signal) for mid-term and look for cheaper prices to get into the asset.

#5 Litecoin: LTC/USD (Coinbase)

Litecoin has moved to the fourth position( market cap) due to news of Litecoin (LTC) Foundations’ partnership with software development firm Beam to explore a new protocol called “Mimblewimble” that will improve privacy and scalability and has been among top-performing cryptocurrencies.

Let's look at the Daily (D) time frame of the pair:

Bullish Case:

LTC/USD has moved above the preliminary resistance price level around $49 mentioned in the previous article posted on 13th March' 2019 and formed a potential resistance turned support scenario(S/R flip) and retouched showing the possibility of an S/R flip(resistance turned support). However, there are signs of correction downside for short-term so risk taker buyers can look for entries around $48-$50 for a mid-term target around $74 whereas safer entry would be around support area around $41-$39.

Also, the pair has moved above the Ichimoku cloud and 200D-SMAs which is strongly bullish (buy signal).

Bearish Case:

Breaking down $28 price level would be strongly bearish for the pair for mid-term until then the pair is bullish and safer to hold form mid-term. Also STOCH-RSI and MACD showing a correction downside coming in the following days/weeks.

Conclusion

Overall we saw an analysis of the top 5 best cryptocurrencies 2019 and there is a possibility that the cryptocurrency market has stopped is the downfall and might see an uptrend for coming weeks/months.

Note: The above references are for information and educational purposes only. It is not intended to be a piece of investment advice.

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