Bitcoin bull Michael Novogratz believes that one of the crypto assets created by the above-mentioned companies is likely to be successful and can even have a "Chance to be a real currency." He also reiterated that the "Crypto winter is over" in comments this week.
The BSV/USD pair skyrocketed this week and reached the overhead resistance of $134.360.
The cryptocurrency should find some support at the current levels, failing which, the drop can extend to $82.489 and lower.
While the sharp up move from the lows shows buying at lower levels, the failure to hold onto the gains shows a lack of demand at higher levels.
The pair will pick up momentum on a close above $134.360 and will weaken below $38.528.
The BNB/USD pair is in a strong uptrend and has picked up momentum after breaking out of previous lifetime highs.
The LTC/USD pair has completed a cup and handle reversal pattern that has a minimum target objective of $158.81.
The BCH/USD pair is currently rising inside an ascending channel.
The bulls are facing selling at the resistance line of the channel, but the positive thing is that the pair has not given up ground.
The DASH/USD pair has been facing resistance at $176.81 since the past week, and a breakout of this barrier will propel the pair to the next level of $229.24.
Top 5 Crypto Performers: BSV, BNB, LTC, BCH, DASH
Published on May 26, 2019
by Cointele | Published on Coinage
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