Digital asset management fund Grayscale Investments said that its institutional clients are increasingly using the current low crypto prices to make long-term investments.
Are the top performing cryptocurrencies showing signs of bottoming out? Let's analyze the long-term charts and try to ascertain whether they are a buy or not.
The current recovery will face resistance at $103.261, and above it at the 20-week EMA at $109. Above these levels, the pair won't meet major resistances until it reaches $175. Therefore, the traders can buy if the price sustains above $110.Conversely, if the price turns around from the overhead resistance, a few more weeks of consolidation will be probable.
NEO/USDThis week, NEO was the second-best performer among the top 15 cryptocurrencies by market capitalization.
CEO Changpeng Zhao has revealed that Binance is aiming to release a testnet version of its new decentralized exchange on Feb. 20.Can Binance Coin keep outperforming the market, or is it nearing a major supply zone? Let's find out.
The bulls are attempting to break out of the resistance of the tight range between $2.1733 and $3.2081.
We suggest the medium term investors wait for the price to scale above $3.8723 before initiating any long positions.
On Feb. 25, Nasdaq will launch its Bitcoin Liquid Index and Ethereum Liquid Index to track the respective cryptocurrencies' prices.
If the bulls succeed in keeping the price above this level, an attempt to break out of the overhead resistance at $167.2 will be probable.
The target levels to watch on the upside are $225, and above it $242.62.Our bullish view will be invalidated if the bulls fail to break out of the overhead resistance.
Top 5 Crypto Performers Overview: Dash, Neo, Binance Coin, EOS, Ethereum
Published on Feb 17, 2019
by Cointele | Published on Coinage
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