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.
Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 3
Published on Apr 3, 2019
by Cointele | Published on Coinage
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