Crypto Market Targets Fresh Highs: Bitcoin Cash, EOS, XLM, TRX Price Analysis

The total crypto market cap declined recently, but it found support near the $126.5B level.
Bitcoin cash price corrected lower and declined below the $146 and $145 support levels.
EOS price is currently consolidating gains above the $3.85 support area
Stellar (XLM) corrected higher, but it struggled to break the $0.0920 resistance area.
Tron (TRX) is confined in a range below the $0.0255 resistance area.

The crypto market is holding a crucial support and it could bounce back. Bitcoin (BTC), BCH, Ethereum, EOS, ripple, stellar (XLM), tron (TRX) and other major altcoins are likely to grind higher.
Bitcoin Cash Price Analysis
Recently, bitcoin cash price started a downside correction after it failed near the $150 resistance area against the US Dollar. The BCH/USD pair slowly declined and it recently broke the $146 and $145 support levels. The price is currently trading below $145, with supports near the $144, $142 and $140 levels.
On the upside, the price could face sellers near $146 before it retests the $148 resistance. The main resistance for buyers is near the $150 level, above which the price will most likely trade towards $155 in the coming days.
EOS, Stellar (XLM) and Tron (TRX) Price Analysis
EOS price remained in a solid uptrend and it recently broke the $3.80 and $3.85 resistance levels. The price settled above the $3.85 level and it is currently consolidating gains. On the upside, an initial resistance is at $3.90 and $3.92, above which the price could revisit the key $4.00 resistance area. On the downside, a break below $3.85 may push the price towards the $3.80 support.
Stellar price started an upside correction and it recently broke the $0.0850 resistance level. However, XLM price failed to gain strength above the $0.0920 resistance and later corrected lower. On the downside, supports are visible near the $0.0850 and $0.0820 levels.
Tron price mostly traded in a broad range above the $0.0450 support area. TRX price recently tested the $0.0255 resistance, where sellers emerged. The price declined again below $0.0250 and it may revisit the $0.0245 support area in the near term.

Looking at the total cryptocurrency market cap hourly chart, there was a spike above the $132.5B resistance level. However, the market cap failed to stay above the $132.0B level and later declined. It broke the $130.0B support and tested the key $126.5B support area. Later, the market cap bounced back, but it is facing sellers near the $130.0B resistance level. Therefore, there could be a few bearish moves before the crypto market cap attempts to retake the $130.0B and $132.0B resistance levels. Overall, there could be short-term bearish moves in bitcoin, Ethereum, EOS, ripple, LTC, bitcoin cash, XLM, TRX, and other altcoins before fresh increase.
The post Crypto Market Targets Fresh Highs: Bitcoin Cash, EOS, XLM, TRX Price Analysis appeared first on NewsBTC.
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Crypto Market Could Rally Further: EOS, Bitcoin Cash, TRX, ADA Price Analysis

The total crypto market cap is preparing for more gains above the $132.5B resistance level.
EOS price gained more than 7% recently and broke the $3.80 and $3.85 resistances.
Bitcoin cash price is consolidating below the key $150 resistance level.
Tron (TRX) price moved back above the $0.0250 resistance, but there was no follow through.
Cardano (ADA) price is grinding higher and it could soon test the key $0.0500 resistance area.

The crypto market is primed for more gains, with bullish moves in bitcoin (BTC) and Ethereum (ETH). EOS, BCH, ripple, tron (TRX), ADA and other altcoins are likely to accelerate higher.
Bitcoin Cash Price Analysis
Bitcoin cash price remained well bid above the $142 and $145 support levels against the US Dollar. The BCH/USD pair tested the $150 resistance level recently and later declined. However, the $145 support acted as a solid buy zone and later the price bounced back.
The price needs to gain strength above the $148 and $150 resistance levels to move further higher in the coming sessions. In the mentioned case, the price could revisit the $160 resistance zone.
EOS, Tron (TRX) and ADA Price Analysis
EOS price performed really well recently after it corrected lower from the $3.00 resistance. The price found support above the $2.70 support level and later bounced back. It is up more than 7% and moved above the $2.80 and $2.85 resistance levels. An immediate resistance is at $2.92, above which the price could test the $3.00 resistance zone in the near term. The key supports on the downside are $2.82 and $2.80.
Tron price moved to and fro between the $0.0240 and $0.0255 levels. TRX price is currently traded above the $0.0250 resistance, but it must break the $0.0255 resistance to gain strength. The next main resistance is at 0.0262 and $0.0265.
Cardano price remained well bid above the $0.0420 support area. ADA price recently broke the $0.0450 and $0.0465 resistance levels to set the pace for more gains. The current price action is positive and it seems like the price could continue to move higher towards the $0.0500 resistance area in the near term.

Looking at the total cryptocurrency market cap hourly chart, there is a solid uptrend in place above the $125.0B support area. The market recently corrected lower and tested the $127.00B level. Later, it bounced back above $130.0B and it seems like it could break the $131.0B and $132.5B resistance levels in the next few hours. If buyers gain strength, the market cap could surge towards the $135.0B and $140.0B levels. Therefore, there could be more upsides in bitcoin, ETH, XRP, tron, bitcoin cash, litecoin, EOS, stellar, IOTA and other altcoins.
The post Crypto Market Could Rally Further: EOS, Bitcoin Cash, TRX, ADA Price Analysis appeared first on NewsBTC.
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Bitcoin Cash Support Added on Coinbase Wallet App

CoinSpeaker

Bitcoin Cash Support Added on Coinbase Wallet App

Konstantin Rabin, financial expert and crypto enthusiast, takes a look at recent announcement from Coinbase in which it has confirmed that they added Bitcoin Cash support in their wallet app.

Bitcoin Cash Support Added on Coinbase Wallet App

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Source: CoinSpeaker

Bitcoin [BTC] and other cryptocurrency reserves of mining giant Bitmain allegedly running on fumes

Bitmain, the mining giant that came close to controlling more than 50% of hash rate responsible for mining Bitcoin is now down in the dumps, as per the latest rumors circulating the depths of the cryptoverse.
A Twitter user @btcking555 tweeted,
“BREAKING: The insider just wechat Bitmain’s latest crypto holdings are 6k in BTC and 750k in BCH. Thats around $130 mln in total value and almost 90 prc down from a year ago !! Also Bitmain had to liquidate some 500k BCH over Q3 and Q4 to cover losses. No wonder BCH has tanked”
To make matters worse, Bitmain lost half a billion dollars in Q3 of 2018. This further substantiates rumors of Bitmain’s demise, especially when compared to the first half of 2018 during which Bitmain had profits worth $1 billion.
Putting two and two together, one can assume that the aforementioned tweet about the sell-off of their crypto-reserves makes sense since Bitmain is in dire need of funds. Moreover, Bitmain’s dream for an IPO under Hong Kong Stock Exchange [HKEx] has not yet materialized as the exchange said that it was reluctant to allow IPO related to cryptocurrencies, owing to its highly volatile market.
@brcking555 further continued,
“Also Jihan is desperate to raise any capital in order not to sell down any more BCH and is pissed about todays leaks to media about massive Q3 losses. His “smoking mirrors” announcement on 7nm chip may not even help him.”
Alister Milne, the CIO of Digital Currency Fund and a Bitcoin enthusiast replied to the above tweet in agreement,
“Looks like they dumped 16k BTC as well … combined, its probably why $6000 broke.”
@eddyspenserwold commented on the same thread,
“March 2018 Bitmain holdings:
BTC 22,082
BCH 1,021,306
Now
BTC 6,000 (liquidated 70%)
BCH 750,000 (liquidated 25%)
Observations:
Bitmain still believes in Bcash.
In Q3-4 2018, Bitmain sold more Bitcoin than Bcash but Bcash tanked more.”
Another prominent person in the cryptocurrency ecosystem, Udi Wertheimer commented,
“I mean, shitcoin twitter isn’t going to like this reply, but if they liquidated ~50% of their holdings in 6 months that’s pretty bullish for BCH from here on out”
People in the community have speculated that the mining giant’s reallocation of hash power during the Bitcoin Cash hard fork combined with the brutal bear market of 2018 has contributed to Bitmain’s current state.
The post Bitcoin [BTC] and other cryptocurrency reserves of mining giant Bitmain allegedly running on fumes appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin Cash [BCH] Price Analysis: Bears sense opening as market correction begins

A green wave swept over the cryptocurrency market as $10 billion was added in less than 24 hours. Leading the charge was EOS and Bitcoin Cash [BCH], with both coins seeing massive double-digit price increases.
Following the rapid rise, BCH has now dipped, posting a 2.65 percent decline against the US dollar, the biggest decrease in the top 10. The coin is now trading at $142.46, while the market cap of the coin stands at $2.51 billion, over $400 million behind Litecoin [LTC].
In terms of exchange dominance, LBank takes the top two spots in BCH trading volume, accounting for $68.86 million, or 12.76 percent, and $32.68 million, or 6.06 percent via the trading pairs BCH/BTC and BCH/USDT respectively. Taking the third spot is Huobi Global, holding $29.85 million or 5.53 percent in the trading pair, BCH/USDT.
1-hour
Source: TradingView
After several days of stabilization, the coin saw a massive uptrend which stretched from $120.06 to $143.65, following which the coin began to stabilize and has now, declined.
Bitcoin Cash finds immediate resistance at $148.74. The immediate support level, placed at $139.57, formed after the price increase, has been broken and has since shifted down to $137.61.
The Parabolic SAR shows that the coin is now trading with bearish momentum as the dotted lines are aligned above the coin’s trend line.
The Fisher Transform line shows that the coin is bearish, as indicated by the Trigger Line’s crossing over the Fisher Line.
The Chaikin Money Flow tool, however, indicates that the money flowing into the coin market is above 0. However, this is likely to dip below.
1-day
Source: Trading View
In the one-day chart, a massive downtrend is witnessed between $624.43 to $82.36, a reminder of the November 2018 hard fork. Following the brief bull run in mid-December, the coin has seen yet another downtrend stretching from $197.02 to $126.55.
Bitcoin Cash finds long-term support at $108.67, which the coin is now well above. The long-term resistance stands at $142.26, which the coin is trading close to, but looks unlikely to break.
The Bollinger Bands are expanding, suggesting that the coin will make way for some degree of price volatility and fluctuation. Further, the Moving Average line shows that the coin is bullish.
The MACD line shows that the coin is vying for entry into the bullish zone since early January, but with no respite.
The Relative Strength Index shows that investor interest has since mildly dipped to 63.79, still close to the ‘overbought’ zone.
Conclusion:
Bitcoin Cash saw a massive price increase on 19 February, even more so than the rest of the market. But, it has failed to sustain the bullish wave, seeing a significant price decline the following day. The short-term indicators point to a bearish market for the coin with the exception of the Chaikin Money Flow which suggests a positive money inflow into BCH. In the long term, the volatility of the coin has increased, as indicated by the Bollinger Band, but the suppression of the bulls continues.
The post Bitcoin Cash [BCH] Price Analysis: Bears sense opening as market correction begins appeared first on AMBCrypto.
Source: AMB Crypto

Bitmain Announces Its Next Gen Bitcoin and Bitcoin Cash Mining Chip

CoinSpeaker

Bitmain Announces Its Next Gen Bitcoin and Bitcoin Cash Mining Chip

Bitmain faced a decline in its 2018 profit margins. However, the company has launched new mining chips in a move expected to put the company back on the profitable track.

Bitmain Announces Its Next Gen Bitcoin and Bitcoin Cash Mining Chip

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Source: CoinSpeaker

Crypto Market Eyes Additional Gains: BNB, EOS, Bitcoin Cash, Tron (TRX) Analysis

The total crypto market cap traded towards the $132.5B level and later corrected lower.
EOS price traded above the $3.50 resistance and it is currently consolidating gains.
Binance Coin (BNB) rallied more than 10% and broke the $10.00 resistance area.
Bitcoin cash price is placed nicely above the $140 support, with a bullish bias.
Tron (TRX) price failed to stay above the $0.0250 support and later declined.

The crypto market started a downside correction, but it remains supported. Dips in bitcoin (BTC), Ethereum (ETH), Binance coin (BNB), BCH, ripple, EOS, TRX and ADA are likely to find buyers.
Bitcoin Cash Price Analysis
Bitcoin cash price gained traction recently and broke the $135 and $140 resistances against the US Dollar. The BCH/USD pair even traded above the $145 level and later started a downside correction. On the downside, the key supports are near $142 and $140, below which the price might test the $135 support.
On the upside, an initial resistance is near the $145 level, above which the next hurdle for buyers is at $148 and $150. In the short term, there could be range moves, but the price is likely to gain further above $145.
EOS, Tron (TRX) and BNB Price Analysis
EOS price gained a strong bullish momentum above the $3.00 resistance area. It broke the $3.25 and $3.50 resistance levels to register heavy gains. At the moment, the price is consolidating above the $3.50 support, with resistances near the $3.62 and $3.70 levels.
Tron price moved above the $0.0250 resistance level, but it failed to hold gains. TRX price topped below the $0.0255 resistance and later declined below the $0.0250 support. The price is down more than 2% and it seems like it could retest the $0.0245 support area in the near term.
Binance coin (BNB) rallied recently above the $9.50 and $10.00 resistance levels. BNB price gained more than 10% and even surpassed the $10.50 resistance. The next major hurdle for buyers is near the $11.00 level, above which the price might eye a test of the $12.00 level.

Looking at the total cryptocurrency market cap hourly chart, there was a strong upward move above the $120.0B and $125.0B resistance levels. The market cap even broke the $130.0B resistance level and tested the $132.5B level, where it faced resistance. Later, it started a downside correction and declined below $130.0B. However, there are many supports near $126.0B, $125.0B, and a bullish trend line on the same chart. Therefore, as long as the market cap is above $125.0B, dips in bitcoin, ETH, tron, litecoin, EOS, ripple, ADA, stellar, BNB, BCH, XMR and other altcoins remain supported in the coming sessions.
The post Crypto Market Eyes Additional Gains: BNB, EOS, Bitcoin Cash, Tron (TRX) Analysis appeared first on NewsBTC.
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Institutions Bet on Bitcoin Despite Year-Long Bear Market, Grayscale’s Report Reveals

CoinSpeaker

Institutions Bet on Bitcoin Despite Year-Long Bear Market, Grayscale’s Report Reveals

Grayscale revealed that Bitcoin products were invested in most, with 66 percent of inflows received from institutional investors.

Institutions Bet on Bitcoin Despite Year-Long Bear Market, Grayscale’s Report Reveals

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Source: CoinSpeaker

Bitcoin Cash [BCH]: Roger Ver pushes for the release of Silk Road’s Ross Ulbricht

Ross Ulbricht, the man behind Silk Road is the protagonist of a debate that has divided the cryptocurrency community yet again.
Bitcoin Cash [BCH]’s Roger Ver, also the CEO of Bitcoin.com and popularly referred to as Bitcoin Jesus has been a long supporter of “free-market” ideals (Something Silk Road claimed to have run on) and the use of cryptocurrencies for the same. He recently reaffirmed his support for Ulbricht, mailing him a letter advocating the same.
Tweeting on 17 February, Ver said that he had mailed a letter to the United States’ Penitentiary in Tuscon, Arizona where Ulbricht is currently serving a double life sentence, without parole. The Bitcoin.com CEO did not specify the contents of the letter, but voiced his support for Ulbricht and added a link to the website that advocates for his release: freeross.org.
His tweet in full read,
“I sent a letter to Ross Ulbricht, and you should too. freeross.org  #FreeRoss #Silkroad”
The Ross Ulbricht issue is one of the most divisive issues within the cryptocurrency community, with some advocating free market principles and some citing the illegality of the articles sold on the ‘marketplace.’
Craig S Wright, the Chief Scientist at nChain and spearhead of the Bitcoin SV [BSV] project firmly placed himself opposed to Ver’s point, in both the BCH hardfork debate back in November 2018 as well as on the Ulbricht issue.
In an 8 February blog posted by Wright via Medium, he voiced his opposition for what he described as ‘criminal markets.’ He likened Ross Ulbricht and Silk Road to WikiLeaks and Julian Assange, calling the duo, ‘predators.’ Wright further added that the case of Silk Road,was something Bitcoin should make, ‘more difficult,’ and not one it should facilitate.
His blog, which was titled, ‘Careful what you wish for…’ read,
“I do not like Wikileaks, and I have never been a fan of Assange’s methods. More importantly, I am strongly opposed to criminal markets and bucket shops. Ross Ulbricht and others like him are criminals. They are not freedom fighters, they are not libertarians. They simply are predators, and they are all that Bitcoin was designed to make far more difficult.”
The topic of Ulbricht was also discussed by Roger Ver and Gabriel Cardona in Bitcoin.com’s latest episode on YouTube. The BCH proponents were discussing the recently concluded Anarchapulco 2019 Festival, which featured Lyn Ulbricht, Ross Ulbricht’s mother.
In the video, Ver described Ross Ulbricht as,
“Basically, Ross Ulbricht is the person that made Bitcoin start to become popular to being with. He made a useful platform that people started to use. Silk Road was useful, so, people started to use it and that’s what kicked-off this whole ecosystem.”
Ver and Cardona also stated that the Bitcoins that were seized and crowd-sold from Silk Road were primarily purchased by Tim Draper, the American venture capitalist. In light of the same, Ver appealed to Draper and the larger community to push for Ulbricht’s release,
“Tim Draper, if you happen to see this, you profited greatly from the Silk Road coins that you bought. Help out Ross, right, this guy does not deserve to die in prison.”
Users on Twitter were however split on this topic. @XrpBro commented,
“Didn’t he order murders? He should be free? Why?”
Zone Zero Apps further added,
“Why? He is a criminal. If not caught, he would still be selling drugs and weapons….”
However, @Russell voiced his support for Ulbricht, stating,
“They’re never going to let Ross free. Instead of spending so much time and money on that, we should be taking care of his family and others who are in desperate situations that can be helped. @rogerkver @Free_Ross #Silkroad”
The post Bitcoin Cash [BCH]: Roger Ver pushes for the release of Silk Road’s Ross Ulbricht appeared first on AMBCrypto.
Source: AMB Crypto

Ethereum Price Jumps More Than 10% on All-Green Crypto Monday

CoinSpeaker

Ethereum Price Jumps More Than 10% on All-Green Crypto Monday

The overall cryptocurrency market posts steady recover on Monday with Ethereum taking the lead by surging over 10%. Take a look if today’s surge sets up the base for the long term recovery.

Ethereum Price Jumps More Than 10% on All-Green Crypto Monday

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Source: CoinSpeaker

Bitcoin Cash [BCH] Price Analysis: Market bulls push token to break short-term resistance

A green wave was in the offing over the past weekend, as the global coin market surged, adding $4 billion to the overall market cap. Bitcoin Cash [BCH] the sixth largest cryptocurrency in the market is the second highest gainer in the market behind Ethereum [ETH], the top altcoin, and is looking to regain its lost fourth spot.
Bitcoin Cash has risen against the US dollar by 4.8 percent and is currently trading at $127.53. The market cap of the coin stands at $2.25 billion, $357 million behind EOS [EOS].
In terms of exchange volume dominance, the coin’s volume is more prominent in P2PB2B, in the following trading pairs, BCH/USD, BCH/BTC, and BCH/ETH, which accounts for $15.98 million or 5.37 percent, $15.58 million or 5.27 percent, and $14.84 million or 5.02 percent respectively.
1-hour
Source: Trading View
The one-hour trend line shows a massive spike beginning at 2100 UTC on 17 February, as the bulls pushed the collective market upwards. Following two downtrends occurring last week, the coin witnessed a significant uptrend from $119.79 to $126.59.
Bitcoin Cash finds immediate support at $118.44, the coin is currently trading at 7.67 percent higher than the aforementioned level. The coin broke the immediate resistance level placed at $124.22 and is now placed closer to the coin’s current price.
The Bollinger Bands shows a massive uptick in the coin’s volatility as the prices surged. The Moving Average line indicates the coin has moved into a bullish zone.
The Chaikin Money Flow tool shows that the investors’ money flow into the coin has dipped after rising on 16 February, with the CMF line currently below 0.
The Fisher Transform line shows the coin is trading with the bulls as the Fisher Line is above the Trigger Line.
1-day
Source: Trading View
The one-day trend line is marred by the Bitcoin Cash hardfork. The hardfork downtrend is the most prominent and pulled the coin’s price down from $627.07 to $132.32. Within the same downtrend, the coin had a significant uptrend from $82.5 to $191.19 during mid-December.
Bitcoin Cash finds immediate support at $108.59, which is higher than the previous level of $73.42. The coin’s immediate resistance level stands at $131.81, a peg-down from a previous level of $197.31.
The Parabolic SAR shows that the coin is in a bullish zone as the dotted lines are below the coin’s trend line.
The Awesome Oscillator shows that the coin is trading below 0. However, the concluding bars are green, indicating a bullish trend in the offing.
The Relative Strength Index shows an uptick in investor interest as the coins’ prices recently spurred. Bitcoin Cash saw an RSI increase from 46.21 to its current position of 52.51.
Conclusion
Bitcoin Cash has surged over the past weekend, as the collective market saw a wave of green. The coin is now the second-largest gainer in the market, which indicates the BCH bulls are roaring more relative to the rest of the market, indicating that the coin isn’t just, ‘going with the flow.’ In the short term, the coin has broken its resistance level and still looks bullish. In the long term, the coin is enjoying an uptrend, which proponents are hopeful will push the coin above the long-term resistance level of $131.81.
The post Bitcoin Cash [BCH] Price Analysis: Market bulls push token to break short-term resistance appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Markets Hit Monthly High With $5 Billion Pump

Market Wrap
Crypto markets moving on Monday; Ethereum is surging, BCH and Maker going strong, Tron and NEO are weak.
Crypto markets are rallying this Monday morning as $5 billion gets pumped back in over the past 24 hours. The upward momentum began around nine hours ago and market capitalization has now surpassed $125 billion for the first time in a month.
Bitcoin climbed to an intraday high of $3,740 a few hours ago before pulling back a little. It has broken through previous resistance levels at $3,650 to hit a new monthly high. At the moment BTC is showing a daily gain of 2.2% as it trades at $3,720.
Ethereum is the clear winner in crypto land at the moment as it pumps 11% on the day to a high of $138. Hard fork fervor seems to be driving ETH prices as there is only ten days to go for the second attempt at Constantinople. XRP conversely is still weak, adding only 2% and falling back to widen the gap to $1.6 billion behind ETH.
The top ten is all green during Asian trading today with Bitcoin Cash making the most after Ether at 6%. EOS gaining 3% has not been enough to retake fourth from Litecoin which hasn’t done much. Binance Coin continues to climb with another 3% on the day, while TRX is weak with no gains.
Looking at the top twenty Maker continues its march with another 8% on the day taking MKR to $555. Cardano has made a rare pump of almost 4% and the rest are 2-3 percent higher on the day aside from NEO which has not moved.
The big fomo in the top one hundred is going to WAX at the moment which has surged 40%. Close behind it is Ark pumping 30% as it gets integrated into Exodus wallets. There are no big dumps going on right now but Aurora is at the bottom of the list dropping 3%. All altcoins are generally performing well today.

Total crypto market capitalization has expanded by $5 billion over the past few hours reaching a monthly high of $125 billion. Daily volume is also strong at $26 billion, its highest level in 2019. Ethereum is leading the rally right now as Bitcoin dominance drops to 52%.
Market Wrap is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals
The post Crypto Markets Hit Monthly High With $5 Billion Pump appeared first on NewsBTC.
Source: New feedNewsBTC.com

Crypto Market Could Extend Gains: EOS, Bitcoin Cash, Tron (TRX), ADA Price Analysis

The total crypto market cap gained momentum and broke the $118.0B resistance level.
EOS price broke the $2.85 resistance and it is currently approaching the $3.00 resistance.
Bitcoin cash price is up more than 5% and it could soon test the $130 level.
Tron (TRX) price is facing a strong resistance near the $0.0250 and $0.0255 levels.
Cardano (ADA) price rallied and broke the $0.0400 and $0.0420 resistance levels.

The crypto market gained bullish momentum, with gains in bitcoin (BTC) and Ethereum (ETH). EOS, BCH, ripple, tron, ADA and other altcoins are also placed nicely above key supports.
Bitcoin Cash Price Analysis
Bitcoin cash price formed a decent support near the $120 level against the US Dollar. The BCH/USD pair started a fresh upward move and it recently broke the $124 and $125 resistance levels. The pair is now trading above the $128 level and it seems like it could soon test the $130 level.
Above $130, the next key resistance is near the $135 level, where sellers might appear. On the downside, the previous resistance near the $125 level may act as a support if there is a downside correction.
EOS, Tron (TRX) and ADA Price Analysis
EOS price traded with a lot of bullish moves in the past few days above the $2.55 resistance. The price recently broke the $2.80 and $2.85 resistance levels to move into a bullish zone. It seems like the price might continue to move higher above the $3.00 resistance. On the downside, an initial support is at $2.90, below which the price could test the $2.85 level.
Tron price settled below the $0.0255 support this past week, with a few bearish moves. TRX price is currently consolidating above the $0.0240 support, but it is facing a strong resistance near the $0.0250 and $0.0255 levels.
Cardano price is up more than 4% and it settled above the $0.0400 resistance level. ADA price recently broke the $0.0420 resistance, opening the doors for more gains. If buyers remain in action, there are chances of a push towards the $0.0450 resistance in the near term.

Looking at the total cryptocurrency market cap hourly chart, there was a decent support formed near the $115.0B and $116.0B levels. The market cap started a strong upward move and broke the $118.0B and $120.0B resistance levels. It traded close to the $124.0B level and it is currently consolidating gains. It seems like there could be a minor dip, but the $120.0B level is likely to act as a strong support. Therefore, if there is a downside correction, bitcoin, ETH, XRP, tron, bitcoin cash, litecoin, EOS, stellar, IOTA and other altcoins could find buyers.
The post Crypto Market Could Extend Gains: EOS, Bitcoin Cash, Tron (TRX), ADA Price Analysis appeared first on NewsBTC.
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Bitcoin Cash [BCH] Price Analysis: Bulls and bears fight it out as token trades sideways

The sixth largest cryptocurrency in the market, Bitcoin Cash [BCH] has made meager gains as the collective market added $1 billion on 16 February. The top 10 is colored in stripes of red and green, with the three coins capping off the top 10, TRON [TRX], Stellar Lumens [XLM], and Binance Coin [BNB], all trading in red while the rest are looking upwards.
Bitcoin Cash’s value against USD is up by a small margin of 0.55 percent and is currently trading at $122.90. The market cap of the coin stands at $2.16 billion, while the coin trails EOS [EOS] and Litecoin [LTC] by $328 million and $478 million respectively.
In terms of exchange dominance, P2PB2B takes the top three spots with the trading pairs BCH/USD, BCH/BTC, and BCH/ETH, accounting for $14.37 million, $13.73 million and $13.13 million respectively.
1-hour:
Source: TradingView
The one-hour chart for Bitcoin Cash shows that the coin is trading sideways, with neither the bulls nor the bears taking charge. However, recent signs show an increasingly downwards movement.
Bitcoin Cash has been pushed down courtesy of two successive downtrends, the first extending from $125.8 to $119.79 and the next from $124.31 to $121.46.
The coin finds immediate support at $118.44, which the coin has not managed to slip below since prior to the February 8 rise. Bitcoin Cash posts an immediate resistance of $124.22, which the coin touched at the beginning of the week.
The Bollinger Bands indicate that the volatility of the coin is on a decline, while the Moving Average line indicates an imminent switch from the bears to the bulls.
The Chaikin Money Flow tool shows that money is being pulled out of Bitcoin Cash, as the CMF line is below 0.
The Fisher Transform line shows that the coin switched from the bears to the bulls at 2300 UTC on 15 February, following the Fisher line’s overtake of the Trigger line.
1-day:
Source: TradingView
The one-day chart for Bitcoin Cash shows a steep downtrend following the coin’s hardfork, which pulled down the price from $635.38 to $130.14. Prior to this downtrend, the coin rose up from $449.05 to $628.22.
Bitcoin Cash finds immediate support at $108.64, which has shot up from an earlier support level of $78.14. The coin’s immediate resistance level stands at $127.75, which is a shift downwards from an earlier resistance level of $198.22.
The Parabolic SAR shows that the coin is in a bullish phase, as the coin’s trend line is above the dotted lines of the indicator.
The MACD shows that the coin has been trading in a bearish zone, since the hardfork. However, the coin has been vying for a move out of the zone since early January.
The Relative Strength Index shows that the coin has been moving up on the investors’ shopping lists, as the RSI has shot up from 39.63, last week, to 46.95 at press time.
Conclusion
Bitcoin Cash has been in a recent tug-of-war with the short-term bulls trying to push the coin up, as the current market swings upwards, while the hardfork bears are still pulling the coin down. In the short term, since the market surged a week ago, BCH has been trading sideways, with the Bollinger Bands pointing to a volatility drop. However, in the long-term, the coin has stabilized since the bears of January pulled the price down to under $110, as indicated by the Parabolic SAR’s mild bullish signs and the minimal increase in investor interest.
The post Bitcoin Cash [BCH] Price Analysis: Bulls and bears fight it out as token trades sideways appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Market at Key Turning Point: BNB, EOS, Bitcoin Cash, Tron (TRX) Analysis

The total crypto market cap seems to be struggling near the $118.0B and $119.0B resistances.
EOS price started a downside correction and declined below the $2.85 support level.
Binance Coin (BNB) is performing nicely and it is currently up around 2.5% to $9.20.
Bitcoin cash price is currently consolidating above the $122 support level.
Tron (TRX) price broke a key support and settled below the $0.0250 level.

The crypto market is facing an uphill task, with bearish moves. Therefore, there is a risk of bearish reaction in bitcoin (BTC), Ethereum (ETH), Binance coin (BNB), BCH, ripple, EOS, TRX and ADA.
Bitcoin Cash Price Analysis
Bitcoin cash price struggled to stay above the $125 resistance level and later declined against the US Dollar. The BCH/USD pair moved below the $124 level and tested the $122 support. The pair is currently consolidating above the $122 support, with the next immediate support at $120.
If there is a fresh upward move, the price could face a strong resistance near the $125 level. On the downside, a break below the $120 support level might spark heavy bearish moves in the near term.
EOS, Tron (TRX) and BNB Price Analysis
EOS price rallied recently and traded towards the $2.95 and $3.00 resistance levels. Later, it started a downside correction and traded below the $2.85 and $2.80 support levels. The next key support is near $2.75 and $2.72, where buyers are likely to emerge.
Tron started failed to stay above the $0.0270 and $0.0265 support levels. TRX price declined recently and broke the $0.0255 and $0.0250 support levels. The price is currently trading near the $0.0240 level, with an immediate support at $0.0235. The main resistance is at $0.0255 (the previous support level).
Binance coin (BNB) performed really well in the past few days and rallied above the $8.00 and $9.00 resistance levels. BNB even traded above the $9.50 level and later corrected lower. The price is currently trading above $9.10 and it seems like it could revisit the $9.50 resistance in the coming sessions.

Looking at the total cryptocurrency market cap hourly chart, there was a downside correction from well above the $120.0B level. The market cap declined below the $118.0B support and tested the $115.0B support. It is currently consolidating in a range, plus facing a strong resistance near the $118.0B and $119.0B levels. As long as the market cap is below the $118.0B and $119.0B levels, there is a risk of a downside reaction. On the downside, a break below the $115.0B support could spark bearish moves in bitcoin, ETH, tron, litecoin, EOS, ripple, stellar, litecoin and other altcoins in the near term.
The post Crypto Market at Key Turning Point: BNB, EOS, Bitcoin Cash, Tron (TRX) Analysis appeared first on NewsBTC.
Source: New feedNewsBTC.com