LTC Analysis

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.

LTC is still trading above 20-day EMA and 50-day SMA which is positive. Also, the moving averages completed a bullish crossover today. However, LTC has suffered from the trendline in the past four days. Once this trendline is broken out, it may go to its first target at $260 thereafter $300.

On the way down, $200 level should be a good support. LTC will be negative only if it goes under $175.

Please be noted that I'm  just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.

BTC Analysis

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.

We had predicted a fall to $9100 level in our last analysis, but the price didn't reach our target and it bounced back from $9300. Now BTC is trading above 20-day EMA, however, it is very close to the upper line of the descending channel. This line of the channel coincides with the trendline ( as shown in the chart) and both behaved as a  stiff resistance. Once the pulls succeed to break out the channel BTC may go to $11900 level. Above this level, BTC will be strongly bullish.

Conversely, If BTC can't break out the channel, it may retest $9300 level again.

Please be noted that I'm  just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.

Ethereum How to Trade

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.

Ethereum broke down the 20-day EMA, which is negative. Also, it is now trading inside a downtrend channel which behaved as a strong resistance many times in the past.

To see a recovery in Ethereum, we need first to clear the 20-day EMA and then break out the downtrend channel. If this happens, we expect Ethereum to rally to $1000 level. Hence, you can open long on a break out of the channel and then book profits on 50% positions at $1000. Since this level will face a stiff resistance.

On the downside, $770 will provide support for any dips. However, if this level broken Ethereum may fall to $610.

Please be noted that I'm  just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.

BTC What's Next

We had predicted in last analysis that BTC will find strong resistance from the upper line of the descending channel around $12000. It bounced back from that line today.So, what's next?

BTC should find support from the uptrend line which formed inside the channel. Just below this uptrend, there will be $10000 level. This level should be watched carefully if it's broken down a fall to $9100 level is possible.

On the other hand, as we mentioned in our previous analysis BTC will give us a strong bullish sign if it breaks out the descending channel.

LTC is still Bullish

Litcoin is trading above 20-day EMA and 50-day SMA which is quite positive. I believe that we may see the second leg to $270 level. As always we shouldn't forget old trendlines, hence, the trendline and 50-day SMA will provide us with a great buying opportunity at $200 level.

On the way down, if LTC breaks down the trendline it will find support from $175 level and the 20-day EMA.

Please be noted that I'm  just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.

BTC Analysis

Please be noted that I'm  just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.

We had predicted in the last analysis that if BTC breaks out the old trendline it will rally to 50-day SMA.

BTC broke the trendline on Feb. 17 and it was stopped by both the 50-day SMA AND  38.2  percent Fibonacci retracement level. If BTC can clear 50-day SMA it will find strong resistance from the upper line of the descending channel around $12000. The strong bullish sign occurs when BTC breaks out the descending channel.

On the other hand, $10,000 will be the first support level thereafter the 20-day EMA at $9200 level.

Ripple is Bullish

Please be noted that I'm  just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.

Ripple is trading above the 20-day EMA, and it sustained above $1 level for two days. These are signs of recovery. I recommend open long position at the current levels with the first target at $1.50 where 50-day SMA is now. This level should be watched carefully as it may provide strong resistance.

On the other hand, any dips towards $1 level should be taken as a buying opportunity. Ripple will only be negative if it goes under $0.87 level.

Ethereum How to Trade

Please be noted that I'm  just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.

Ethereum saw a recovery from last fall to $565. Now, it faces resistance from the 20-day EMA. If Ethereum manages to clear the 20-day EMA, a move to $1000 level is possible. Since this level is the 50 percent Fibonacci retracement level of the recent fall from $1425 to $560 and where 50-day SMA is located now, Ethereum is likely to face a strong resistance from that level.

If the bulls succeed to carry Ethereum above $1000 level, the new target will be the resistance downtrend line. 

Conversely, $770 level is a good support for any dips.

BTC Analysis

Please be noted that I'm  just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.

We had recommended a long position in BTC in our previous analysis if BTC breaks out the trendline. Our trade triggered yesterday at $8500.

BTC has broken out the trendline as well as the 20-day EMA which is a sign of recovery. On the other hand, if BTC wants to extend its recovery, it should break out the old uptrend line. It's important not to forget old trendlines. 

I believe that if BTC breaks out the trendline, it will rally to the 50-day SMA and the resistance line of the descending channel around $11750. Traders should book partial profit at this level.

Dash Price Analysis

Please be noted that I'm  just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.

The Dash is likely to face resistance at $650 from the 20-day EMA and the trendline. I believe that If Dash manages to go above these levels it will rally to the next resistance level around $840  which is the 38.2  percent Fibonacci retracement level of the recent fall from $1590 to $370 and where 50-day SMA is located now.

On the downside, $450 can provide us with some support.

Hence, I  recommend buying  Dash when breaking out the trendline. The profit objective is a move to $840.

Stellar price analysis

Please be noted that I'm  just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.

In the past few days, XLM was trading in a range-bouned. The support of the range is $0.30, whereas, the resistance is at $0.40. Just above $0.40 level, XLM will face many hurdles in its way to resume the uptrend. There is the trendline which behaves previously as a support, and there are the moving averages. Moreover,  the 20-day EMA broke below the 50-day SMA which considered a bearish crossover.

Finally. there is the upper resistance line of the downtrend channel. I believe that XLM will face a selling pressure from the moving averages and the upper resistance line of the downtrend channel.

Hence, we may consider buying stellar after breaking out the channel.

In the way down, $0.30 level has proved to be strong support, so if any dips to that level hold the price we may open long. However, XLM will be negative if $0.30 level broken down.

BTC in a Downtrend Channel

Please be noted that I'm  just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.

Bitcoin is trading in a downtrend channel. It is also trading under 20-day EMA  and 50-day SMA.

Today the price is affected by the trendline inside the channel.

If Bitcoin manages to break out the trendline, it may go to $12000 target which is also the upper resistance of the channel. Any fresh long position should be opened on a breakout of the trendline. 

Conversely, If any new dips happen we should look for the previous low around $5800 to go long, as long as it is not broken down.

Where's Ripple Heading

After a sharp fall, Ripple bounced back from the low of $0.564. We believe that it will enter in a range-bound trading. The support of the range is $0.61, whereas, the resistance will be at $0.87. Just above the $0.87 level, there will be the downtrend and the moving averages. Breaking out the downtrend will be the first sign of recovery.

Ethereum How to Trade

Like other Crypto, Ethereum saw a decline in price until it found a support at $562. The pullback couldn't go above 38.2 percent Fibonacci retracement level of the recent fall from $1414 to $562. We believe that the stronger resistance will be as shown on the chart from the  20-day EMA and 50-SMA at around $940.

On the other hand, any next fall to $750 and $700 levels will attract the bulls to add some long trades on their positions.

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

 

NEO HOW to Trade

NEO has broken below the 50-day SMA, the critical support of $93, but it saw a huge buying at $63 level which is 78.6 percent Fibonacci retracement levels of the recent rally from $25 to $200. It bounced back quickly to $123 and gained huge profit.

As shown from the chart, although NEO went above 50-day SMA and $93 level again it stopped by the trendline which acts now as a  resistance. We believe that breaking up the trendline 

will confirm the bullish view on NEO.

On the other hand, any dips will find support from $93 level thereafter the 100-day SMA.

LTC how to Trade

In spite of uncertainty and the strong selling across all the crypto, we will try to identify some lower levels which may offer us good deals.

LTC is trading below 100-day SMA which is a bearish sign, it also could not break out the downtrend which resulted in falling to around $100  level as we predicted in the last analysis. 

Therefore, long traders should wait for $100 level to hold the price because this is will be the first recovery sign. The strong bullish sign will be breaking out the downtrend and the $175 level. 

Conversely, if $100 level broken, LTC will sink to $82 level. 

NEO HOW to Trade

NEO has suffered from the panic selling across all the crypto yesterday. The bears took it to $93  levels. This level proved to be a good support, it is 61.8 percent Fibonacci retracement levels of the recent rally from $25 to $200.

Moreover, NEO  is still trading above The 50-day SMA which is quite positive. On the way up we expect $135 level will show some resistance and just above it, there will be the trendline. Therefore, we only recommend open long on a break out off the trendline.

Any dips will find support from the 50-day SMA and then $93  level.

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

LTC how to Trade

After breaking down the strong support at $175, the bears succeeded to bring LTC to $100 level.

 Strong buying triggered at this level and a pullback carried it to 100-day SMA which acts as a resistance. Apart from 100-day SMA Litcoin will face a strong resistance at $175 level which is 23.6 percent Fibonacci retracement level of the recent fall from $420 to $100.

Hence, if LTC can't break out this level as well as the downtrend in the near future, it may retest the $100 again.

At this current situation we don't recommend any trade on LTC.

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

Stellar what's next

XLM has broken the trendline and the 50-day SMA after the panic selling across all the crypto today.

We forecasted in our previous analysis that if Stellar breaks the trendline it will fall to $0.30 and that what happened. This level emerged strong buying which took Stellar back to $0.45 level very quickly.

Actually, $0.45 level is 23.6 percent Fibonacci retracement level and where 50-day SMA is located now, so they both act as strong resistance as shown in the chart.

Therefore, aggressive traders can open long when a break out of the trendline, others they should wait for a bullish confirmation which is above $0.64.

On the other hand, if the next dip towards $0.30 holds the price, we suggest initiating long positions. 

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