EOS : Price Analysis, March 02

EOS : Price Analysis, March 02

EOS/USD EOS continues to trade inside the symmetrical triangle. If it breaks down from the triangle, a retest of the Feb. 06 lows is likely. On the other hand, a breakout of the triangle will carry it towards the upper end of the range at $10.119. Inside the triangle, the price movement is likely to […]

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NEO : Price Analysis, March 02

NEO : Price Analysis, March 02

NEO/USD We have been bullish on NEO because it broke out of the bearish descending triangle pattern on Feb. 26. Therefore, we had recommended to buy it at $126 levels with the stop at $105. However, the price has not moved according to our expectation. The NEO/USD pair has turned down sharply from the overhead […]

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Litecoin : Price Analysis, March 02

Litecoin : Price Analysis, March 02

LTC/USD Litecoin is one of the few coins that is trading above both the moving averages. This made us very bullish on it. However, we were proven wrong because this did not result in any up move. We had recommended traders to buy closer to $200 on Feb. 23 and in our previous analysis, we had suggested raising the stop […]

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Cardano : Price Analysis, March 02

Cardano : Price Analysis, March 02

ADA/BTC Cardano has declined close to our target objective of 0.00002460. The price continues to trade below both the moving average and the downtrend line; this is a bearish sign. We expect a small bounce from the 0.0000246 levels, but the bounce is likely to face stiff resistance at the 20-day EMA and the downtrend line. We […]

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Ripple : Price Analysis, March 02

Ripple : Price Analysis, March 02

XRP/USD The buyers seem to have abandoned Ripple because, for the past eight days, it has been trading inside the range of $0.85 to $0.98669. If the XRP/USD pair breaks out of the range, it is likely to rally to $1.12 levels where it will face resistance from the 50-day SMA. Once above this level, a move to $1.23 […]

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Bitcoin Cash : Price Analysis, March 02

Bitcoin Cash : Price Analysis, March 02

BCH/USD Bitcoin Cash continues to trade inside the range between $1,150 and $1,355. The longer it trades within this range, stronger will be the breakout. Therefore, we shall look to buy the breakout of the range. Traders can buy the breakout and close (UTC) above the $1,355 levels with a $1,125 stop loss. Though the pattern […]

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Ethereum : Price Analysis, March 02

Ethereum : Price Analysis, March 02

ETH/USD Ethereum is underperforming. For the past five days, it has been struggling to break out of the 20-day EMA. In our previous analysis, we had asked traders to raise their stops to breakeven on half position and hold the rest with a stop at $780. If the ETH/USD pair breaks and sustains below the trendline of the ascending […]

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Bitcoin : Price Analysis, March 02

Bitcoin : Price Analysis, March 02

Bitcoin trading volume is languishing at about half of the average seen during its December peak. While a few believe that this is a sign of an approaching bear market in Bitcoin, we don’t agree with that point of view. During the frenzy, as seen in December of last year, it is natural to have a surge in […]

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Trade Recommendation: NXT/Monero

Trade Recommendation: NXT/Monero

The NXT/Monero (NXT/XMR) pair launched its bull run on December 7, 2017 when it breached resistance of 0.002. The momentum of the breakout was so strong that it went as high as 0.00588 on December 24. As the market grew by 194% in less than three weeks, it prompted breakout players to take profits. Unfortunately […]

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