Ripple Entry Point

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

Ripple is stuck between $0.87 as a resistance level and the 200-day SMA as a strong support level in the last few days. If the bulls can clear the $0.87 hurdle we expect a move to $1.13 level (It's 23.6 percent Fibonacci retracements from the fall from $3.30 to $0.466) with some resistance at $0.933 level.

Moreover, the moving averages offer great support for Ripple starting from 200-day SMA  to  50-day SMA, as a result, we suggest buying any dips to these averages ( 200-day SMA now at $ 0.77, 20-day EMA now at $0.74).

Traders can also open long on a break out above $0.933 level. Ripple can only turn negative when it breaks down the 50-day SMA.

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.

Bullish Development on BTC Update

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


In the last analysis, we predicted a move to $9600 level. BTC has bounced back from $9740 level and faced a stiff resistance from 200-day SMA. Additionally, $8600 level proved to provide good support in the last three days.

200-day SMA is located now around $10,000 level which is a major resistance level, however, if the bulls succeed to take BTC above 10,000 level, a rally to $11,500 level and to the trendline 2 as shown in the chart is more likely to happen.

On the contrary, If the bulls find it hard to penetrate 200-day SMA, a fall to the trendline (shown in red ) is possible. If this trendline fails to hold the price, BTC may go to the  20-day EMA moving average where we anticipate some buying.

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.

TRX What's the next move

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

Tron is trading now above the moving averages 20-day EMA and 50-day SMA which is a bullish sign. Also, a bullish crossover happened today from the moving averages which is another positive move. 

However, Tron faces strong resistance from the critical level $ 0.0557, it has failed to penetrate this level since Fib. 10. When a solid resistance level is broken out, a sharp move usually happens, therefore, if the bulls succeed to push the Tron above this level a move to $0.076 is more likely to happen thereafter $0.10 level. 

 On the contrary, Tron will find strong support from the moving averages and from $0.04 level.

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 Turns Bullish Update

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

In our last analysis,  We expected the next resistance zone will be the area between the 50-day SMA and the 200-day SMA. Now, Ethereum has broken out the 50-day SMA which is quite positive but still under 200-day SMA. 

We believe that the bulls will start taking some profits around this area $590-$614. The trendline 1 will provide a strong support for any correction we may face.

Moreover, if the bulls succeed to break out the resistance zone mentioned above the next target will be around $750. 

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.

Bullish Development on BTC

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

BTC has built a good bottom around $6500 level, from which it started a strong move and quickly broke out the trendline and the 20-day EMA as well. Moreover, it finally broke out the descending channel.

 BTC is trading now just below the 50-day SMA, we expect some resistance from this average but once the bulls manage to take BTC above it a rally to $9600 level is possible. It is the 23.6 Fibonacci retracement level from the fall from $20,000 to $6500 and it's where the 200-day SMA is located now.

On the other hand, any dips will be bought by the bulls. The best support areas are $7500 level and the trendline.



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 Turns Bullish

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

Ethereum has received some positive movements. It's now above the 20-day EMA for the first time since MARCH. 5. Additionally, it broke out the trendline 1 as shown on the chart. If Ethereum can sustain above this trendline for more time, a rally to other moving averages is possible. We expect the next resistance zone will be the area between the 50-day SMA and the 200-day SMA ( now it's between $590- $625).

Any successful break out of these averages will mean that the Bulls resume a strong uptrend. On the contrary, if Ethereum breaks down the trendline 1 it will find support from both the 20-day EMA and the trendline 2. In general we are bullish on Ethereum. 


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.

Bitcoin failed to go through the trendline on three occasions. It's also still trading under the moving averages which shows weakness. Historically, the 20-day EMA and 50-day SMA  behaved well as strong support and resistance levels, therefore,  if BTC manages to break out the trendline it will face selling pressure from the 20-day EMA at $7450 now.

Above the 20-day EMA BTC may face resistance from the upper line of the downtrend channel thereafter from 50-day SMA.

However, if BTC fails again to clear the trendline, it may test the low of Feb. 6, where a possible double bottom form may happen ( it's a reversal form ). If this level won't be able to hold the price Bitcoin can fall to around $5000 level and so the double bottom form will be invalidated. 

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.