For over 2 years now, approx. 42% of the circulated Bitcoin hasn't been exchanged. This simply indicates that major HODLing of Bitcoin is still ongoing as prices are expected to rise immensely. The limitation in supply coupled with the impending halving has heightened the hope of BTC price rising.
BTC/USD
BTC broke the $9,000 limit but has now encountered resistance at $9,135. A $10000 run could happen only if the price can be pushed over the 20-day Exponential Moving Average.
The pressure of selling seems to be reducing as the RSI is getting closer to the middle while the 20-day EMA is levelling out.
If BTC, however, moves under $8,400, that'll be a major negative with the next support being $7,856.76 but we trust this support to be intensely secured by the bulls.
If ETH pushes over to $235.70, it might move on to $277.091 and possibly $288.599. However, if ETH/USD goes under its present price, it might experience a range-bound action.
The bears market will be favoured if ETH moves under $209.95 with $195.75 as the subsequent support.
Ripple broke the downward trend but could encounter an aggressive resistance at the MA at $0.25. if it succeeds in pushing above $0.25, then $0.26362 will be the following resistance.
A dip from that resistance point will retain the XRP/USD pair range-bound for some time. However, if XRP goes over $0.26362, it might eventually get to $0.28550 and possibly $0.31503.
BCH has refused to dip below $306.78 and this is attracting traders because it has now stopped moving downwards. But it might not be able to push over $360 at the 20-day EMA.
A dip from $360 will retain BCH/USD range-bound for some days but if it goes under $306, that'll be a major negative.
If it goes over $360, it could push to $400 and possibly $428.57. Buyers are advised to buy (UTC time) when it is slightly over $360, stop-loss at $306
Two days ago, 4th of March, Litecoin attracted buyers as it retained the 200-SMA and the price could go up to $66.1486 but at that point, we anticipate an aggressive resistance.
If it goes below $66.1486, the LTC/USD could stay range-bound for some days. If it moves under $56.243, that'll be a major negative.
If it, however, bulls over $66.1486, it might likely push to $80.2741. It is advised to buy (UTC time) slightly over $66.1486, stop loss at $56.
EOS has stopped moving downward, this implies that traders could be pushing for a comeback. This might be difficult as the bears will forcefully secure the upward resistance at $4.
A dip to the 200-day SMA at $3.3 might be seen if EOS/USD moves below $4. If the price is forced over $4 then there's a possibility of it getting to $4.4124 and possibly higher to $4.8719.
We are anticipating the bears of Binance coin to put up a tight resistance at $21.80 or at $23.5213. BNB has currently broken the 20-day EMA and if the BNB/USD declines from either resistance points, it may consolidate for some days.
If BNB moves above the $23.5213 resistance, it could get to $27.1905 and even to $32. However, it won't be great if it moves below $17.7051. Before we advise a trade, let's wait for a new buy arrangement.
Note: This post is culled from an original article by cointelegraph
