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At the beginning of February, Bitcoin plunged to about 68% of its peaks in mid-December. This drop affected the popularity of Bitcoin, as measured by the number of people searching for it on Google. In the first half of March, Google Trends shows that Bitcoin research has fallen to its lowest level since October of last year.
This is not necessarily a bad thing for cryptocurrency. This shows that the euphoric phase is over and that some investors have fled the market. Now, only the most interested participants who have a greater belief in cryptocurrencies remain.
When prices do not stand below the levels of negative news support, it’s a sign that bears are losing their grip. The early stages of a bull phase always cause concern. As prices return, speculators will return to their place.
Let’s see if we find shopping setups for the most important pieces.
BTC / USD
Prices have not been able to take advantage of lowering levels below $ 9,500 on Bitcoin on March 10. Prices quickly recovered the next day, March 11, which demonstrates strong support for buying at lower levels. USD “src =” https://cointelegraph.com/storage/uploads/view/3316b71b4f9650f2fcca45b0a57700c7.png “title =” BTC / USD “/>
Currently, the BTC / USD is trading at one level Critical
The level between $ 10,000 and $ 10,300 has resistances from moving averages and the resistance line of the downlink channel. Once the price reaches and exceeds $ 10,300 for four hours, it can be bought with a stop loss
The first goal is a $ 12,150 rally where the cryptocurrency has resumed three times before.If the prices come out of this resistance, Bitcoin will start a new uptrend.
ETH / USD
$ 654.02 has proven to be a strong backer on Ethereum. Over the last three days, prices are trading at the same time. inside a narrow range of $ 745 to $ 654
<img alt=” ETH / USD “src =”http://businessdigit.com/htt ps: //cointelegraph.com/storage/uploads/view/5fcce810f721d52d9648d07b5d4d1fa1. png”title =” ETH / USD “/>
If the bulls come out of this narrow range, the ETH / USD could move closer to the $ 800 levels where it will face the 20-day EMA resistance and the resistance line of the descending channel.
Once these two resistances are crossed, the next resistance will be at $ 900 50 days SMA Cryptocurrency does not offer a good reward risk compared to traders swing However, intraday traders can buy once prices come out of resistance for a quick profit.
In case of fork failure, a drop to $ 565 is likely.
BCH / USD
Bitcoin Cash held levels of $ 1,000 for the past three days Yesterday, March 11, prices broke on the $ 1,150 general resistance, but bulls failed to build on this move.
<img alt=” BCH / U SD “src =” https://cointelegraph.com/storage/uploads/view/040857c7565b7823c1abb87bff1c6570.png “title =” BCH / USD “/>
Right Now, the BCH / USD is facing a resistance to the downtrend line, just above the 20-day EMA, which will defend the area from $ 1,150 to $ 1,200. On the other hand, if the $ 1,000 level goes down, the cryptocurrency can slip to $ 854.
XRP / USD
Our call to buy on Ripple did not trigger because it stayed above the $ 0.73 levels for the last three days.
<img alt=” XRP / USD “src =” https://cointelegraph.com/storage/uploads/view/0b559bb2c3cf8935c2cf8e40ec1db8aa.png “title =” XRP / USD “/>
We We expect the XRP / USD pair to remain tied for a few days, and if sentiment in the crypto industry improves, a rally at the upper end of the $ 1.22 range is possible. traders can buy a breakout of $ 0.85 and keep a stop loss of $ 0.72 .This is a risky trade, therefore, please trade with only 50% of your position size
If bears break below $ 0.73, Ripple may drop to $ 0.695 and then to $ 0.5627.
XLM / USD
Price action in Stellar has been slow.The bearish ones have not been able to take advantage of the split below the $ 0.32 levels.While we were waiting for a drop to $ 0.22,Bulls successfully defended levels of $ 0.25. 60c0e925486967f98af0ade3af6dac46.png “title =” XLM / USD “/>
Although bulls are buying at a low price, they have not been able to push prices above $ 0.32
We will suggest a long trade on the XLM / USD pair when prices stay above the $ 0.32 levels for a few days
LTC / USD
Litecoin also trades in a narrow range for four days, the price has reached the top of the descending triangle, the bearish pattern is no longer valid
<img alt=” LTC / USD “src =” https: //cointelegraph.com/storage/uploads/view/59df5dabd6c8d42a7f3a91337c5b41da.png “title =” LTC / USD “/>
If the bulls come out of the downtrend line and the EMA from 20 days, we can expect the LTC / USD pair to start moving towards $ 250 levels. Therefore, we recommend that you buy Litecoin on a fence (UTC) above $ 200. The stop loss for the trade can be maintained at $ 165.
On the other hand, if the price falls from current levels and falls below $ 180, one can expect a drop to $ 160
ADA / BTC
Cardano continues to trade in a small range as expected in the previous analysis. As the bulls and bears are in a state of equilibrium, there is no commercial configuration.
<img alt=” ADA / BTC “src =” https://cointelegraph.com/storage/uploads/view/098a547420c3e4f7cc1e43e3828e87d7.png “title =” ADA / BTC “/>
A parties will exercise dominance in the coming days with a broad range movement, we should expect and then recommend a position
At present, any upward movement should meet resistance at 0.0000246. Above that, the next resistance will come from the downtrend line and the 20-day EMA, which are at about the same level of 0.0000275. ADA / BTC will burst, a new trend could begin.We remain on the sidelines
On the downside, the next support is at 0.00001690.
NEO / USD
NEO seems low as the bulls were unable to push prices above the $ 93.5 level over the years. last four days. […] 0e42a33235d3f0015f6083bda6.png “title =” NEO / USD “/>
Now, if the NEO / USD pair breaks down $ 80 levels, it will complete the descending triangle pattern.
The boss targets are much lower, we have to take it one step at a time.The immediate support is the lowest of $ 63.62 in February 2006.
We will try a long trade if Cryptocurrency remains above $ 100 levels for a few days.
EOS / USD
For four days, EOS has struggled to maintain the level of support. Inability of bulls to bounce on strong support indicates weakness.
<img alt=” EOS / USD “src =” https://cointelegraph.com/storage/uploads/view/a7c28abe71d3566bef34a3cca9b75b3d.png “title =” EOS / USD “/>
Bearers will now try to break the supports and push the prices to levels of $ 3.65
A failure will invalidate our vision of a range formation in the EOS / USD
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