Technical Analysis of Bitcoin, Ethereum, Ripple, Bitcoin Cash, Bitcoin SV, Litecoin, EOS, Binance Coin, and Tezos for Today (25 march):
Weekly technical analysis of bitcoin prices
Bitcoin’s March 20 low from the 20-day moving average (EMA 20 – the blue line in the picture) was trading at $6835 down. Since then, prices have been consolidating near this upside resistance. This is a positive sign as it shows that buyers are in no hurry to close their positions in the market.
Entering the consolidation phase below key resistances increases the likelihood of it breaking, so we expect buyers to direct the price above this moving average. By fixing the price above the EMA20 line, we can expect it to grow to a simple 50-day moving average (MA50 – red line in the image).
Therefore, the offer to enter into buying deals will be issued with price-fixing above EMA20 and setting a loss limit of $5600. Contrary to the assumption, if the price moves down from this moving average, it will be possible to fall to $5660. Below this level, further support is at $5000.
- Resistance:6835 – 50 Days Simple Moving Average (at the time of writing this is 6790)
- Supports:5600- 5000
Weekly Technical Analysis of Ethereum Price
Ethereum prices are trading between the upper and lower limits of $117.090 and $115.612. A price jump of $117.090 support could drive it to $155.612. The 20-day moving average (EMA20 – blue line in the picture) is also near this resistance level so we expect sellers to strongly defend it as prices reach this level.
If it can’t get through $155, we’ll see it fluctuate between $117 and $155 for a while. Conversely, if buyers manage to raise the price to $155.612, we would expect the price to rise to a simple 50-day moving average (MA50 – red line in the picture) at $208.90.
So traders can get $155.612 off buys by fixing the price above $117. As prices fall below this level, the next support will be $100.
- Resistance:155.612 -208.90
- Supports:117.090 – 100.
Weekly Technical Analysis of Ripple Price
The Ripple price dipped below $0.17595 on March 20. In the current situation, buyers are trying to keep the price above $0.1450 support level. If shoppers manage to keep prices above this level, then we expect the price to rise above $0.17595.
With the price stabilizing above $0.17468, the price can jump to the $0.23532 level and above the $0.250 jump. The trading limit can also be set at $0.140. Contrary to the analysis, if the price moves down from $0.17468, a drop of $0.145 would be possible. Failure below this level will also benefit sellers.
- Supports: 0.140
Weekly technical analysis of Bitcoin Cash price
Bitcoin Cash price is trying to break above the 20-day moving average (EMA20 – the blue line in the picture) at $236. A positive indication of the price is that buyers are still in the market and expect to start another attempt to break above the 20-day moving average (EMA20 – the blue line in the image) and the bearish channel ceiling (blue range in the picture).
With this move, we expect the trend to reverse. At the top of the channel, it will be possible to rise to the 50-day simple moving average (MA50-red line in the picture) at $332 and above $400.
So buyers can enter trading deals by breaking the price at the top of the channel and setting a $196 level. Contrary to the assumption, if buyers fail to keep the price at the top of the channel, the price may fall again to $190 and below $166.
- Resistors:236 – 332 – 400
- Supports: 196 – 190 – 166
Weekly Technical Analysis of Bitcoin SV Price
Bitcoin SV price for the past three days has been trying to climb above the 20-day moving average (EMA 20 – the blue line in the image). Given the presence of buyers in the market, prices are likely to penetrate this moving average.
With price breakdown above this moving average, there will be a chance of moving up to a simple 50-day moving average (MA 50-red line in the picture) at $242. Above this level, the climbing scenario could be as high as $326.8.
The offer will, therefore, be traded at breakdown and price-fixing above the 20-day moving average (EMA 20 – the blue line in the picture) and set a loss limit of $146. A break below $146 will have a negative impact on the price and can lower it to $120 and below it to $100.
- Resistance: 20-day Moving Average (at $171.529 at the time of writing) – 326.8 – 242
- Supports: 146 – 120 – 100
Weekly Technical Analysis of Litecoin price
Litecoin prices have swung down from the 20-day moving average (EMA 20 – blue line) on March 20, though shoppers are backing the $34.6001 support mark, which is a positive sign that it may be positive again. Start an effort to raise the price from the descending channel.
If buyers are successful, the price can move up to a simple 50-day moving average (MA 50-red line in the picture) which is considered resistance. If this resistance breaks, the next level would be $80.
Contrary to the notion that if the price goes down the downward channel ceiling and goes below $33, it will be the sellers’ advantage. The trading limit can also be set at this level.
- Resistance: 50-day Simple Moving Average ($60.4051 at time of writing) – 80
- Supports: 34.6001 – 33.
Weekly technical analysis of EOS prices
The price of the EOS has traded between $2.1624 and $2.4001 in the past three days. However, buyers have not been successful in pushing prices up.
If buyers are successful in raising the price from this area and the 20-day moving average (EMA20 – the blue line in the image), the price path to the 50-day simple moving average (MA50-red line in the image) is at 3.6$ will go smoothly.
Therefore, the bid will be activated by fixing the price above the 20-day moving average (EMA20 – the blue line in the picture) and setting a loss limit at $1.85. On the upside, the bullish outlook will be eliminated below the 20-day moving average (EMA20 – the blue line in the image) and below $1.85.
- Resistance: 2.4001 – 20-day Moving Average ($ 2.5742 at time of writing) – 3.6
- Supports: 2.1624 – 1.85
Weekly technical analysis of Binance coin Price
Buyers are trying to keep the token Binance coin above the $12.1111 level, which, if successful, could see a 20-day moving average (EMA 20 – blue line in the picture) again at $13.59. With this moving average moving upwards, the price could rise to the downtrend at $17.
Since the ratio of profit to loss does not appear to be significant in transactions, it is not recommended to enter into transactions. The upside view will spin off the 20-day moving average (EMA20 – blue line in the image), and the price could fall as low as $10.
- Resistance: 12.1111 – 13.59 – 17.
- Supports: 10
Weekly technical analysis of Tezos price
The classic pattern of the ascending triangle is seen at the price of Tezos. On March 20, the price reversed down to $1.955 level and is supported at the bottom of this triangle. This refers to an increase in buying transactions at any price drop.
If buyers manage to raise the price to $1.955 level, this bullish pattern will be triggered with a target of $ 2.9004. Therefore, with the price stabilizing above this level, the offer to enter into buying transactions will be activated at a loss of $ 4.00.
Contrary to the notion that if the price drops below $ 1.955 again, it will continue to move into the bullish triangle. Moving the price down the trend line will be a sell-off.
- Resistance: 1.955 – 2.9004
- Supports: Triangle bottom sideline (yellow line of the image)
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