The crypto markets have bottomed out, and analysts are predicting a strong rally from the current levels to the end of the year.
We suggest raising the stops on the position to $8,600 because once $8,700 level breaks, the price might fall to $8,000.
For the past two days, it has returned from the $700 levels.
The break out should carry the BCH/USD pair to $2,000 levels.
A breakout of the resistance will resume the uptrend that can carry the digital currency to $1.08 and then to $1.229 levels.
LTC/USDLitecoin is testing our patience as it has been stuck in a tight range of about $141 to $165 for the past few days, barring the breakout on April 24.The LTC/USD pair is delicately poised because a breakout above $160 should propel it to $180 levels, whereas, a fall below $141 can sink it back towards the lows of about $117.We expect the moving averages and the horizontal line to offer a strong support on any decline, that's why we suggest holding on to the position with the stop at $140. The only thing worrying us is the weakening RSI.ADA/BTCOn April 28, Cardano broke out of the overhead resistance at 0.00003445, which is a bullish sign.
The ADA/BTC pair can correct to the breakout levels before rising further.
As the breakout is strong, we shall buy 50 percent of the desired position at the current levels of 0.0000375 and keep a stop loss of 0.000029, just below the lows of the handle.
We shall buy the other 50 percent of the position later, after a successful retest of the breakout levels.
The support levels in the event of a correction are $16.5090 and $14.4950, which are 38.2 percent and 50 percent Fibonacci retracement levels of the recent rise.
Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, TRON, EOS: Price Analysis, April 30
Published on May 1, 2018
by Cointele | Published on Coinage
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