Stellar Should I Buy

As the sentiment is still showing weakness across all the Crypto, Stellar has broken down both the $0.55 support level and the trendline. We had mentioned in the last analysis that if trendline is broken, it will find support from 50-day SMA and that what happened. Stellar bounced back from the 50-day SMA but found it difficult to penetrate the previous trendline which is now acting as a resistance.

In order to resume the uptrend, we need to break out the trendline as well as going above 20-day EMA.  Any breaking out of the trendline will take Stellar to the first target $0.73. Although, The chart shows that both the trendline and 20-day EMA are at the same level and they both sent Stellar down. 

On the other hand, if Stellar can't go above the trendline in the next few days, it will sink to lower levels in order to gain some momentum. The first support level will be at $0.45 thereafter $0.30.

Please be noted that I'm  just giving the possible higher or lower levels developing according to the chart patterns.

XLM Price Analysis

Stellar is trading in a range-bound since five days. It's stuck between 38.2 and 50 percent Fibonacci retracements. The support of the range is $0.55, whereas, the resistance will be at $0.64.

Stellar sustained above the trendline.We believe that the trendline will hold the price. So, we recommend initiating long positions on any dips to the trendline which may coincide with the support of the range.

If the trendline holds, the first target will be $0.73 thereafter $0.84. On the other hand, any break down of the trendline will take Stellar to 50-day SMA or even to $0.30 level.

LTC Breakout Opportunity

In the last few days LTC finds good support from $175 level, it seems that traders are not willing to push the price any lower. LTC is now trading inside a downtrend channel, any breakout of the channel will be considered as buy set-up opportunity.

On the way up the first resistance level will be $200 which is  23.6 percent Fibonacci retracement levels of the recent fall from $420 to $135, which also coincide with the upper resistance line of the channel. We recommend open long position only on a breakout of the channel.

Conversely, if it can't go through the upper resistance line of the channel, it may sink to $135.

Ethereum How to Trade

In our previous analysis, we had recommended opening long positions in Ethereum on $1,000.

It bounced back from $1000 level yesterday, Jan. 27.

Our bullish view is still on Ethereum. The trendline which has offered strong support since Dec. 10 is still holding the price. Additionally, Ethereum is trading above 20-day EMA and 50-day SMA. All of these areas are acting as strong support.

If Ethereum manages to break out of $1285 level which is 78 percent Fibonacci retracement levels of the recent fall from $1414 to $748, we expect a move to test out all-time high again.

On the other hands, any dips will find support from the trendline. And again Ethereum will turn negative only on break down of the trendline and 50-day SMA respectively. 

Ethereum How to Trade

In our daily chart, Ethereum has been trading in a consolidation way for the last five days with the support of $900 and a resistance around $1100. Additionally, $1000 level proved to be a good support, we can open a small size position at this level.  We can add more if any pullback towards $900 support happened. 50-day SMA gives $900 level more power because it's now around $890.

To resume the uptrend we need to break out $1100 level and close above it. Conversely, if Ethereum breaks down $900 level as well as 50-day SMA it will be negative.

Should I buy Ripple now

Ripple has suffered from 50-day SMA  for the last three days, it behaves as a strong resistance. Ripple is still trading below it. This is a sign of bears victory.  

In order to get back to our bullish view Ripple has to go above 50-day SMA and then breakout above $1.85 level which is 38.2 percent Fibonacci retracement level.

Conversely, if Ripple fails to penetrate these levels, we expect a fall towards $0.87 levels. We believe that $0.87 levels would attract more buyers.

So, we don't recommend any long positions in the current situation. Open long only on these two areas:

Around the strong support  $0.87 OR at breakout above $1.85

Dash Analysis

After a sharp fall that took Dash from the all-time high at $1540 to nearly $570, but we haven't seen a sharp pullback. Dash couldn't go above 38.2  percent Fibonacci retracement level on two occasions. Additionally, Dash broke down 50-day SMA which shows weakness.

We expect 38.2  percent Fibonacci retracement level and 50-day SMA act as stiff resistance as they come nearly in the same place $950.

On the other hand, any failure of breaking above these levels will take Dash to $570 thereafter to $500 level.

Litecoin How to trade

Some Bearish developments happened in LTC lately.

LTC is trading under 50-day SMA which is negative. Moreover,  the 20-day EMA broke below the 50-day SMA which considered a bearish crossover. LTC is also trading into a downtrend channel.

LTC has to break out many resistance levels to resume the uptrend the 20-day EMA, 50-day SMA and the resistance line of the channel. You can open long position only on a break out of the channel at $235.

Conversely, if it can't succeed to break above the moving averages soon we expect a fall to  $135 or even lower at $100.

Stellar How to trade

XLM is trading under 20-day EMA , BOTH 20-day EMA and 38.2 percent Fibonacci retracement level react as strong resistence. If XLM can't  succeed to break above the 20-day EMA we expect a fall towards the uptrend shown on the charts and thereafter to $0.30 level. We excpect these two levels offer good buy set ups .

On the upwards, If it succeeds to break above the 20-day EMA it will go to $0.72 which is 61.8 percent Fibonacci retracement.

Ripple Analysis Price

Ripple is trading under 20-day EMA. It has suffered from the 20-day EMA for more than five days.

If it succeeds to break above the 20-day EMA it will rally towards $1.85 level then to the trendline. We expect that Ripple will face stiff resistance from this trendline. 

On the downwards, if Ripple can't break above 20-day EMA it will go back to 50-day SMA at $1.30 thereafter to $0.87 level. 

Ethereum Analysis

Ethereum is testing a support level right now at $1000. It struggles from 10 / 20-day EMA  and 50 percent Fibonacci retracement level of the recent fall from $1410 to $750 they behave as strong resistance.

If $1000 level can't hold we expect a good support level at $900 and then 50-day SMA at $805.

On the upwards, Ethereum needs to go above 10 / 20-day EMA to resume the uptrend.

Ripple Analysis

As we said in the previous analysis if Ripple can't break out the downtrend it may rally to $175 and that what happened. Ripple is trading now inside a downtrend channel and it couldn't break it out twice.  Moreover, 10 and 20-day EMA are really acting as strong resistance they keep pushing Ripple down.

Ripple needs to break out the channel to resume the uptrend, otherwise, we expect a fall towards $1.50 and then to 50-day SMA at $1.20.

So, we can't find any buy set up right now. You can open long positions on a break out of the channel OR at the support line of the channel.

Ethereum Analysis

Ethereum faces stiff resistance around $1400 level, heavy sellers found in this area. If Ethereum manages to go above this level and sustains there we expect to go to the next target $1620.

On the other hands, any pullback will find support from the resistance line of the channel the circle drawn on the chart. This channel has supported the fall three times before. Additionally, Inside the channel 20-day EMA will provide good support level around $1050.

Ripple Analysis

In the last two days, Ripple is stuck under 10 and 20-day EMA and it CAN'T  be traded above them. It's also traded in a short downtrend. You should wait for Ripple to breakout the downtrend as well as goes above 10 and 20-day EMA to initiate long positions. The next target when breakout happens is $2.75.

On the downside, if it fails to breakout the downtrend it's more likely to rally to $1.75  thereafter to $1.50 where you can open long positions.

LTC Analysis

Until now, we can't find any clear direction for LTC.  LTC is trading under 10 and 20-day EMA which negative in short-term trading but it's close to the first support level which is 50-day SMA at $2.10. 

If 50-day SMA can't hold it's likely to go towards $200 level and afterward to the main support area $175.

On the upside, LTC needs to break out $275 level which is 50 percent Fibonacci retracement to resume the uptrend and be positive.

Our recommendation: open long  $200 / $175 OR at break out above $275.

Ethereum Analysis

Ethereum saw some correction today. It bounced back from the upper line of the channel which will act as a support line now if it can't hold the price Ethereum will rally to $1000 level then to 20-day EMA at $940 which is also 50 percent Fibonacci retracement. 

On the other hand, if the ascending channel line holds the price we expect to resume the uptrend.

Ripple analysis

Ripple is still trading above 20-day EMA and 50-day SMA which is positive. Actually, it bounced back from 20-day EMA at $2 today. Some indicators such as RSI and MACD show the correction isn't finished. So to speak, if it breaks down the $2 level we may see Ripple at $1.40 which is the extended Fibonacci retracement. 

Upside, we have $2.50 and $2.90 resistance levels, if it succeeds to go above this level and sustains there we expect to resume the uptrend.

Dash analysis

We expected that the trendline will give a buy set up and that what happened yesterday. The price bounced from the trendline at around $950 and returned quickly above $1000 level. We still believe that the trendline will offer us some fresh long positions. 

Conversely, if the trendline can't hold we expect a fall towards 50-day SMA at $900 and then $850. On the upside, we need to go above $1200 area to resume the uptrend.

Buying areas: $ 900, $850 and above $1200. 

LTC analysis

The trendline hold the recent fall today. If it breaks down the trendline we expect a rally towards the 50-day SMA which provides a great buy set up around $200 thereafter $175 level.

On the other hand, a move above $ 250, then $280 will take LTC to  $307 level which will act as a stiff resistance. If it succeeds to penetrate this level we can test the all-time high again.

BTC Analysis

After a drop, BTC -7.13% finds perfect support from both the trendline and 50-day SMA around $13,850 and returned quickly above $14.000 level. BTC -7.13% will be negative only under $12,000 level .

Upside, we have some resistance barriers like $15.500 and $16,500 which are the 50 and 61.8 percentFibonacci retracement levels. But the most important one is $ 17,000 

if BTC -7.13% manages to go above this level and sustains above it we expect a visit to $20,000