ETH/USDThe dip in Ethereum below the 20-day EMA was aggressively purchased on May 14, resulting in a move back to the overhead resistance of $745.Currently, the ETH/USD pair is looking strong as it is holding above the $700 levels.
On the downside, the critical support levels are $637, $600 and the 50-day SMA at $570.BCH/USDBitcoin Cash bounced back sharply from the lows on May 12, but it is struggling to sustain above the 20-day EMA and break out of the small downtrend line.
This bearish pattern has a target of $650, but it is unlikely to be a straight fall because the digital currency has strong support at $1,221, then at the 50-day SMA at $1,100 and finally at $800.If the neckline of the H&S pattern doesn't break down and prices break above $1,520 levels, Bitcoin Cash can rally back to $1,800 levels.
XRP/USDRipple broke below the 50-day SMA on May 11 but found strong buying support at $0.632 levels on May 12.
If the bulls fail to scale above the overhead resistance, the cryptocurrency can slide to $0.56-$0.58 levels.
XLM/USDStellar bounced off the 50-day SMA on May 12, but the pullback is facing resistance at the 20-day EMA. If the bulls break above the 20-day EMA, a rally to $0.45 levels is possible.
If the XLM/USD pair turns down from the moving average but takes support at the $0.334 levels, it will be a positive sign and we can expect a break out of the 20-day EMA within a couple of days.
Currently, the bulls are trying to sustain above the $141 levels, which is a positive sign.
If the ADA/BTC pair breaks the trendline support, it can decline to 0.000025 levels, which is a strong support.
On the other hand, if the trendline holds, Cardano will again try to scale above the 0.00003445 levels.
Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, IOTA, EOS: Price Analysis, May 15
pubblicato su May 15, 2018
by Cointele | pubblicato su Coinage
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