The crypto market experiences a green week

On the 27th of March, we see the bullish momentum of the last few days continued, resulting in bullish market dominance. With the bullish move for the day, the Bitcoin price increased by 5.19%, bringing its price to $46,850 per coin, with the highest and lowest Bitcoin trading prices standing at $46,950 and $44,437, respectively.

On the 28th of March, the bitcoin bulls are maintaining their dominance, resulting in a week-long bull run with the Bitcoin market at the start of this day increasing by 0.81%, bringing the asset’s price to $47,227 per coin. The wick above and below the candle denote the highest and lowest Bitcoin prices seen for the day, standing at $47,694 and $46,662. With the market well away from its close, we are likely to see increased volatility as the bears can be seen initiating a pushback.

Indicators

Due to the sustained bullish action over the last week, we see the relative strength index on the 26th, 27th & 28th of March stand at 62, 68, and 69, reflecting growing bullish dominance on the market. A break of the RSI above the 70th mark indicates a market in an oversold region.
The MACD and histogram stand above the zero line in correlation with other indicators, a positive indication for the market. With the bearish dominance over the weekend, we see a reduction in bullish activity in the market.

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Ethereum / US Dollar

The Ethereum market experiences its third consecutive day of bullish action, taking the market farther away from its 50-day moving average of $2,843, indicating bullish control of the market momentum.

On the 26th of March, the bulls initiated a response to the previous bearish action. With the bullish dominance of the day, we see the Ethereum market increase by 1.36%, translating to $3,146 per coin. The wick above the candle denotes a bearish attempt at diminishing the gains seen in the market for the day, placing the highest trading price of ETH at $3,154 per coin, while the lowest ETH trading price for the day stands at $3,086 per coin.

At the start of the following day, we see the bulls continuing their previous momentum resulting in an additional 4.77% gain in the ETH price, corresponding to $3,296 per coin. In the course of the day, we see the bears attempting to reduce the gains for the day, placing the highest ETH price for the day at $3,299 per coin while the lowest price seen for the day stands at $3,127 per coin.

At the start of the 28th of March, we see the bulls continue their previous momentum, resulting in a bullish dominance of the market at its start with visible bearish resistance; with the bullish move for the day, the Ethereum price is up by 1.62%, bringing its price to $3,349.

Indicators

On the 26th of March, the bullish action resulted in a rise of the RSI to 65. With the continued bullish action on the 27th and 28th of March, we see the relative strength index break above the oversold region ( RSI = 70), with the values standing at 70 and 71.
The histogram and MACD remain above the zero line, indicating bullish dominance of the market and a positive outlook for the asset.

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Ripple / US Dollar

The above chart shows that the Ripple bulls sustain the market above its 50-day moving average of $0.786 per coin.

The bulls initiated a move on the 26th of March, resulting in a 0.97% rise in the Ripple price, translating to $0.832 per coin. The wick below the candle means the bulls flipped an initial bearish move which also denotes the lowest Ripple trading price for the day at $0.820 per coin, while the highest trading price of Ripple for the day stood at $0.834 per coin.

At the start of the 27th of March, the bulls continued their previous momentum to gain dominance over the market, resulting in a 3.00% rise in the Ripple price, translating to $0.857 per coin with the highest and lowest trading prices at $0.858 and $0.828, respectively.

At the start of the 28th of March, we see the bulls initiate a momentum, resulting in the Ripple market increasing by 1.18%, translating to $0.867 per coin with this move. However, with the market still in its early hours, we could see more volatility. Nevertheless, as of the writing of this analysis, the highest and lowest price points stand at $0.877 and $0.854, respectively.

Indicators

The above chart shows that the relative strength index indicates a market in bullish control as its value remains above the 50 mark. The relative strength index on the 26th, 27th, and 28th of March stand at 58, 61, and 63.
The MACD and histogram illustrate bullish entry into the market in correlation to the RSI. They maintain a level above the zero line, reflecting the bullish dominance over the market.

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Litecoin / US Dollar

The above chart shows that the Litecoin market remains stable above its 50-day move of $115 per coin, displaying a market in bullish control and an uptrend.

The bulls initiated a move on the 26th of March, resulting in a 0.69% rise, bringing the LTC price to $124 per coin. With the continued struggle for market dominance, we see the highest and lowest price points achieved for the day at $125 and $121.
On the 27th of March, the bulls increase their hold on the Litecoin market by influencing a 3.87% rise in the Litecoin price, translating to $129 per coin. During the day, the LTC market experienced significant volatility, placing the market's highest and lowest price points at $129 and $123, respectively.

At the start of the 28th of March, we see the bulls initiate a momentum after flipping an initial bearish start to the market and influencing a 1.43% rise in the LTC price, translating to $131 per coin, while the highest and lowest price points seen in the market stand at $132 and $129, respectively. With much time left to the close of the market for the day, these values are subject to change due to volatility.

Indicators

The above chart shows the LTC market heads towards the oversold zone as the relative strength index value gets close to the 70th mark, reflecting increasing bullish activity.
On March 26th, 27th, and 28th, the relative strength index stands at 62, 66, and 67, indicating growing bullish activity.

We see increasing bullish activity in the MACD and histogram correlated to the RSI. However, the market reflects an overall bullish dominance over the market and a bullish outlook for the asset with these indicators above zero.

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Bitcoin Cash / US Dollar

As with several other crypto assets, the Bitcoin Cash market remains under bullish control, maintaining the market above its 50-day moving average of $318 per coin.

On the 26th of March, the bears continued their previous momentum, resulting in a 0.86% drop in the Bitcoin Cash price, translating to $362 per coin, with the highest trading price of $366 per coin, while the lowest trading price for the day as indicated by the wick below the candle stands at $356 per coin.

Following the bearish dominance of the previous day, the bulls initiated a momentum on the 27th of March, resulting in a 4.06% rise in the Bitcoin Cash price, translating to $376 per coin, with the highest and lowest price points seen in the market at $377 and $354, respectively.

At the start of the market on the 28th of March, the bulls have an early start after toppling an initial bearish action as indicated by the wick below the candle, influencing a 0.49% increase in the Bitcoin Cash price as of writing this piece, translating to $378 per coin. With the market yet to close for the day, we likely will see more volatility; however, Bitcoin Cash's highest and lowest trading prices stand at $385 and $369, respectively.

Indicators

The bullish action in the Bitcoin Cash market has resulted in the relative strength index increasing well above the 50 mark, indicating increasing bullish entry into the market. The relative strength index on the 26th, 27th, and 28th of March stand at 64, 68.04, and 68.47. The bullish outlook for the asset is correlated by the histogram and MACD, as both indicators are placed above the zero line.

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Cardano / US Dollar

On the 26th of March, the bulls gained control of the market, resulting in an ADA rise of 5.14%, bringing the ADA price to $1.153 per coin. The highest and lowest price points achieved stood at $1.159 and $1.08.
Following the dominance of the bulls on the previous day, the 27th of March sees the bulls take control of the market momentum, resulting in a rise of 2.73%, bringing the ADA price to $1.184 per coin. The highest and lowest price points achieved stood at $1.187 and $1.105.

The bulls are seen taking their momentum farther away from the 50-day moving average on the 28th of March, resulting in a 1.10% growth, bringing the ADA price to $1.197 per coin. With the market still far from its close, we will likely see more volatility. Nevertheless, the current highest and lowest price points seen in the market stand at $1.20 and $1.161, respectively.

The ADA market remains above its 50-day moving average of $0.955 per coin, portraying a market in an uptrend and under firm control by the bulls.

Indicators

With the sustained bullish action over the last few days, the ADA market has ascended into an oversold region as its RSI value stands above the 70 mark.
On the 26th, 27th, and 28th of March, the RSI stands at 70, 72, and 73.

In correlation to the RSI, we see the MACD and histogram above the zero line showing the dominance of the bulls on the market and a positive outlook for the asset.

Swap to ADA

Dogecoin / US Dollar

On the 26th of March, the bulls initiated a momentum in response to previous bearish momentum, resulting in a 3.97% rise in the Dogecoin price, translating to $0.136 per coin.

On the 27th, the bulls continued their previous momentum, resulting in a consecutive rise of 6.32%, bringing the Dogecoin price to $0.144 per coin. The highest and lowest price points achieved stood at $0.145 and $0.135, respectively.
The 28th of March sees continued bullish action, resulting in a 3.46% rise at this piece's writing, bringing the Dogecoin price to $0.149 per coin. With the market still far from its close, we will likely see more volatility. Nevertheless, the current highest and lowest price points seen in the market stand at $0.151 and $0.143, respectively.

The Dogecoin market has now surpassed its 50-day moving average of $0.131, portraying a market in bullish dominance and an uptrend.

Indicators

With the bullish price action over the last few days, we see the Dogecoin relative strength index head towards the 70 mark above, which places the market in an overbought scenario.
The RSI on the 26th, 27th, and 28th of March stands at 60, 65, and 68.

In correlation to the RSI, we see the MACD and histogram above the zero line, indicating a growing bullish presence in the market as the bulls remain the dominant force in the market.

Swap to DOGE

Correlations

• Bitcoin / Ethereum = 0.86
• Bitcoin / Ripple = 0.40
• Bitcoin / Litecoin = 0.73
• Bitcoin / Bitcoin cash = 0.63
• Bitcoin / Cardano = 0.64
• Bitcoin / Dogecoin = 0.45

Keynotes for today

• Bitcoin at $47,227 per coin.
• Ethereum at $3,349 per coin.
• Ripple at $0.867 per coin.
• Litecoin at $131 per coin.
• Bitcoin Cash at $378 per coin.
• Cardano at $1.197 per coin.
• Dogecoin at $0.149 per coin.