The recent recovery in Bitcoin has gathered pace and has pushed its market capitalization above $100 billion.
If the price scales above $5,900, it will be a major sentiment booster.
Contrary to our bullish view, if the BTC/USD pair fails to sustain above $5,900, it can witness profit booking that can drag it to the 20-day EMA. The pair might also enter into a consolidation between $4,914.
If the bulls scale this zone, the digital currency can rally to $225 and above it to $256. Traders can buy above $192 and keep an initial stop loss of $146. As the risk to reward ratio is not very attractive, the position size can be about 40% of usual.
If the follow up buying pushes the price above $0.37835, we expect the pair to pick up momentum.
The BCH/USD pair can now move up to $335.62 and above it to $363.30.
Traders can wait for the price to close above $91 to attempt this trade.
BNB/USD.Binance Coin rose above the previous intraday lifetime high of $26.4732350 and made a new high at $26.6428765.
A breakdown of $0.09478125 can sink the digital currency to $0.08.But, if the XLM/USD pair breaks out of the moving averages, it can rise to $0.12039489 and above it to $0.13250273.
If the price sustains above it, it will move up to the next overhead resistance of $0.02815521.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 3
Publicado en May 3, 2019
by Cointele | Publicado en Coinage
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