Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 3

Published on by Cointele | Published on

If the prices fail to sustain the higher levels, it will indicate that the current rally was only an aberration.

Between the current levels and $5,900, there is no significant resistance point.

Traders can book profits on about 30 percent of the long positions at the current levels and buy on dips once again.

The medium-term target is $0.60.Typically, the price retests the breakout level and then resumes the up move.

Any pullback from the current level should find support close to the breakout level of $4.4930.

Traders can pocket 40 percent of the gains around the current levels and raise the stop loss on the remaining long positions to $210. The RSI has shot deep into the overbought zone; hence, a minor correction or consolidation cannot be ruled out.

Our bullish view will be invalidated if the bears sink and sustain the price below $239. This will show profit booking at higher levels and a lack of follow up demand by the bulls.

If the XLM/USD pair turns down from the overhead resistance levels, it can dip to the 20-day EMA, which should provide a strong support.

ADA/USDCardano has reached both our target levels of $0.082 and above it $0.094.

The bulls again pushed prices above the resistance line today but are struggling to hold the higher levels.

x