Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Tron, Cardano: Price Analysis, March 22

Published on by Cointele | Published on

Aggressive bears might also initiate short positions if the pair fails to rise above the overhead resistance.

On a break below this, the bullish pattern will be negated and the ETH/USD pair can fall to $102.49.The 20-day EMA has flattened out and the RSI is close to the midpoint, which suggests consolidation in the near term.

On a breakdown of the 20-day EMA, the LTC/USD pair can correct to the 50-day SMA. Therefore, traders can trail the stops on 50 percent of the remaining long positions to $55 and keep the rest at $52. If the pair bounces off the current levels and scales above $62.45, it can rise to $69.2790.EOS/USDEOS has again failed to break out of the overhead resistance at $3.8723.

Traders can keep the stops on the remaining long positions at $3.10.If the pair bounces off the current levels or the 50-day SMA and breaks out of $3.8723, it can move up to $4.4930.

If the BCH/USD pair rebounds sharply from the current levels or from the 20-day EMA and breaks out of $163.89, it can rally to $175 and above it to $220.However, if the pair plunges below the 20-day EMA, it can slide to the 50-day SMA. Therefore, traders can trail the stop loss on the long positions at $140.BNB/USDProfit booking in Binance Coin pushed its price below the uptrend line, but the bulls are currently attempting to defend the 20-day EMA and push the price back above the uptrend line.

A fall below the 20-day EMA will weaken the BNB/USD pair that can drag it to the 50-day SMA.On the other hand, if the pair bounces from the current levels and rallies above $16.6442826, it can resume its uptrend and rally to $18. For now, traders can hold the remaining long positions with stops at $14.XLM/USDStellar has corrected to the 20-day EMA where it is finding some support.

Conversely, if the pair bounces off the 20-day EMA, it can move up to the resistance line.

The traders can keep the stops on the long positions at $0.08.TRX/USDTron turned down from the 20-day EMA on March 22.

If the pair sustains above the range or bounces off strongly from $0.01830, we might suggest long positions.

On any dip, the ADA/USD pair should find support at $0.051468 and below that at the 20-day EMA. If both these supports break, the pair will lose momentum and might become range-bound once again.

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