Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, TRON: Price Analysis, May 21

gepubliceerd op by Cointele | gepubliceerd op

We had anticipated the start of a new trend once prices broke out of $745 the higher levels attracted selling and prices fell to $637 levels where buying emerged.

The attempt to break down of the range in end-March did not find sellers at lower levels and prices climbed back into the range.

BCH/USDBitcoin Cash broke out of the overhead resistance at $1,600 on May 05 but could not sustain the higher levels.

At the present levels, we don't find any buy setups that can be traded.

EOS/USDEOS has held the 50-day SMA support, which is close to the 61.8 percent Fibonacci retracement level of the recent rally.

The only small consolation is that the support of $107 has held in 2018.The LTC/USD pair has formed a bearish descending triangle pattern, which will complete on a breakdown below the critical support of $107.The bulls are currently defending the $127 levels.

A break below $127 can sink the digital currency to $115 levels.

If the bears break below the $0.23 levels, a fall to the lower end of the range is likely.

XLM/USDStellar bounced off the neckline of the head and shoulders pattern but is currently facing resistance at the downtrend line and the 50-day SMA. The bearish setup will complete only on a breakdown and close below the neckline, which will sink the digital currency to $0.2 levels.

Since mid-January of this year, it has been in a bottom formation, which will complete on a breakout and close above the overhead resistance at $0.09229053, from where prices had turned down in mid-January and in early-May. A breakout has a minimum price target of $0.1607 levels, though we expect higher levels.

x