We might tighten the stops when the price reaches $167.32.On a breakout and close above $167.32, the digital currency will complete an ascending triangle pattern.
The traders can keep the stops on the remaining long positions at $125.XRP/USDRipple continues to trade near the moving averages.
If successful, the digital currency can move up to $5.8370.Both the moving averages are sloping up and the RSI is close to the overbought zone.
Still, as the price has reached a critical level, we suggest traders trail the stops on the remaining long positions to $3.70.
The upsloping moving averages indicate that the path of least resistance is to the upside.
Please keep the stop loss on the remaining long positions at $55.BCH/USDBitcoin Cash has broken out of $163.89 but might face some resistance at $177.30.
The BCH/USD pair has a history of vertical rallies we recommend holding the long positions with the stops at $140. The pair will weaken below $125.88 and will turn negative below $105.BNB/USDBinance Coin is currently consolidating in the $15.63-$18 range for the past four days.
If the pair turns down from $18, it can correct to the 20-day EMA, below which the drop can extend to the 50-day SMA. Therefore, we suggest traders protect their remaining long positions with the stops at $15.XLM/USDThough Stellar has been trading above the 20-day EMA for the past two days, it is yet to pick up momentum.
If the XLM/USD pair does not move up within the next couple of days, it is likely to break below the 20-day EMA once again and drop to the uptrend line.
Contrary to our assumption, if the pair moves up sharply from the current levels, it can reach $0.13250273.
Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, Binance Coin, Stellar, Cardano, Tron: Price Analysis, March 29
Published on Mar 29, 2019
by Cointele | Published on Coinage
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