From the above chart, we see that the Bitcoin market over the weekend has experienced dominant bearish action in contrast to bullish action. With the above, we see the bears attempt to get the Bitcoin market below its 50-day moving average of 41,252 per coin
On the 19th of March, the bulls continued their previous momentum, resulting in the Bitcoin market increasing by 1.09%, bringing the price of each coin to $42,232 per coin, while the highest and lowest price of Bitcoin for the day stands at $42,396 and $41,534, respectively.
On the 20th of March, we see the bears responding to the previous bullish momentum as illustrated by increased selling volumes, resulting in a bearish dominance of the market. With the bearish move for the day, the Bitcoin price fell by 2.24%, bringing its price to $41,287 per coin with the highest and lowest Bitcoin trading price for the day standing at $42,330 and $40,918, respectively.
On the 21st of March, the bears are seen continuing their momentum after flipping an initial bullish start to the market as indicated by the wick above the candle, which also denotes the highest Bitcoin trading price for the day at $41,470 per coin. With the bearish domination of the market, the bears have influenced a 0.08% drop in the Bitcoin price, translating to $41,252 per coin. The chart also illustrates a bulliah resistance to further bearish action and with the bears not in full control of the market, we could see the bulls succeed in bringing the Bitcoin market back in the green. Nevertheless, as at the start of the day, the lowest Bitcoin price seen so far stands at $40,509.
On the 19th of March, the bullish action resulted in a rise of the RSI to 46.24. With the bearish dominance on the 6th of March, we see a fall in the relative strength index to 56.59. With the bearish 20th of March, we see a drop in the relative strength index to 53.17.
In correlation with other indicators, the MACD and histogram stand above the zero line, a positive indication for the market. With the bearish dominance over the weekend we see a reduction in the bullish activity in the market.
From the above chart, we see the Ethereum marker maintained above its 50-day moving average of $2,802 per coin, casting a positive outlook for the asset. On the 19th of March, we see the bulls continue their push for market dominance, influencing a 0.44% rise in the ETH price, translating to $2,952 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 $2,988 per coin, while the lowest ETH trading price for the day stands at $2,895 per coin.
Following the bullish dominance of the previous day, we see the bears influence a 3.04% drop in the ETH price on the 20th of March, bringing the price of each coin to $2,862. The chart also illustrates the bullish rejection of further bearish action. They attempted to minimize the losses seen on the day, indicated by the wick below the candle and placing the lowest price of Ethereum for the day at $2,819 per coin, while the highest Ethereum price seen on this day stands at $2,965.
At the start of the 21st of March, we see the bulls reignite 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 1.52%, bringing its price to $2,906.
On the 19th of March, the bullish action resulted in a rise of the RSI to 59.60. With the bearish start to the 20th of March, we see the relative strength index fall to 55.11. On the 21stof March, continued bullish action sees the RSI rise to 56.93.
The histogram and MACD remain below the zero line, indicating bearish dominance of the market and a negative outlook for the asset.
From the above chart, we see that the Ripple bulls are sustaining the market above its 50-day moving average of $0.757 per coin.
The bulls initiated a move on the 19th of March, resulting in a 2.84% rise in the Ripple price, translating to $0.819 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 $0.792 per coin, while the highest trading price of Ripple for the day stood at $0.826 per coin.
At the start of the 20th of March, the bears ignited a momentum to gain dominance over the market, resulting in a 1.83% drop in the Ripple price, translating to $0.804 per coin with the highest and lowest trading prices achieved at $0.822 and $0.795, respectively.
At the start of the 21st of March, we see the bulls initiate a momentum following the bearish dominance of the previous day. The Ripple market is up by 1.22%, translating to $0.815 per coin with this move. However, with the market still in its early hours, we could see more volatility. Nevertheless, as at the writing of this analysis, the highest and lowest price points stand at $0.819 and $0.787, respectively.
With the bullish action on the 19th, we see the relative strength index maintain a level above the 50 mark, indicating bullish dominance of the market momentum. The relative strength index on the 19th, 20th, and 21st of March stands at 58.43, 55.75 and 57.13, respectively.
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.
With the bullish action on the 19th of March, the Litecoin market has risen above its 50-day moving average of $113 per coin.
The bulls initiated a move on the 19th of March, resulting in a 4.40% rise, bringing the LTC price to $116 per coin. With the continued struggle for market dominance, we see the highest and lowest price points achieved for the day at $117 and $111, respectively.
On the 20th of March, the bears initiated momentum, influencing a 1.66% drop, bringing the LTC price to $114 per coin. At the start of the 21st of March, we see the bulls initiate a momentum after flipping an initial bearish start to the market and influencing a 0.30% rise in the LTC price, translating to $115 per coin, while the highest and lowest price points seen in the market stand at $116 and $113, respectively. With much time left to the close of the market for the day, these values are subject to change due to volatility.
The relative strength index indicates a market in bullish control with its relative strength index value above the 50 mark. On March 19th, 20th, and 21st, the relative strength index stands at 57, 55.54, and 55.83, indicating growing bullish activity.
In correlation to the RSI, we see increasing bullish activity in the MACD and histogram though the market reflects an overall bearish dominance over the market and, with these indicators above the zero line, a bullish outlook for the asset.
As with several other crypto assets over the last three days, the Bitcoin Cash market experienced significant bullish action, bringing the market back above its 50-day moving average of $308 per coin.
On the 19th of March, the bulls initiated a momentum, continuing their previous momentum, resulting in a 7.29% increment in the Bitcoin Cash price, translating to $328 per coin, with the highest trading price of $328 per coin, while the lowest trading price for the day as indicated by the wick below the candle stands at $305 per coin.
Following the bullish dominance of the previous day, the bears initiated a momentum on the 20th of March, resulting in a 0.12% drop in the Bitcoin Cash price, translating to $327 per coin, with the highest and lowest price points seen in the market at $332 and $315, respectively.
At the start of the market on the 21st of March, the bulls have an early start after toppling an initial bearish action as indicated by the wick below the candle, influencing a 1.76% increase in the Bitcoin Cash price as at writing this piece, translating to $333 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 $335 and $320, respectively.
The bullish action seen in the Bitcoin Cash market, the relative strength index increases well above the 50 mark, indicating increasing bullish entry into the market. We see the relative strength index on the 19th, 20th, and 21st of March stand at 59.30, 59.12, and 60.87. The bullish outlook for the asset is correlated by the histogram and MACD, with the MACD above the zero line.
On the 19th of March, the bulls gained control of the market, resulting in an ADA rise of 5.99%, bringing the ADA price to $0.903 per coin. The highest and lowest price points achieved stood at $0.916 and $0.851.
Following the dominance of the bulls on the previous day, the bears initiated a move on the 20th, resulting in a drop of 2.66%, bringing the ADA price to $0.879 per coin. The highest and lowest price points achieved stood at $0.916 and $0.864, respectively.
We see the bulls attempting to revive the ADA market on the 21st of March, resulting in a 2.41% growth as of this piece's writing, bringing the ADA price to $0.900 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 $0.901 and $0.863, respectively.
The ADA market remains below its 50-day moving average of $0.951 per coin, portraying a market yet to break out of a downtrend.
With the volatile price action over the last few days, we see the ADA relative strength index above the 50 mark, indicating bullish dominance on the market. With the above, the RSI on the 19th, 20th, and 21st of March stands at 53.79, 50.36 and 53.07.
In correlation to the RSI, we see the MACD gaining on its push towards the zero line, indicating growing bullish activity in the market; however, with the MACD below the zero line, the bears remain the dominant force in the market while the histogram shows growing bullish entry into the market.
On the 19th of March, the bulls continued their previous momentum, resulting in a 3.78% rise in the Dogecoin price, translating to $0.123 per coin.
On the 20th, the bears initiated a momentum, resulting in a drop of 3.56%, bringing the Dogecoin price to $0.119 per coin. The highest and lowest price points achieved stood at $0.124 and $0.117, respectively.
We see the bulls responding to previous bearish momentum on the 21st of March, resulting in a 0.59% rise at this piece's writing, bringing the Dogecoin price to $0.120 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 $0.121 and $0.117, respectively.
The Dogecoin market remains below its 50-day moving average of $0.132, portraying a market still in a downtrend.
With the price action over the last few days, we see the Doge relative strength index deflect towards the 50 mark but remain below the mark. With the above, the RSI on the 19th, 20th, and 21st of March stands at 50, 45, and 46.
In correlation to the RSI, we see the MACD deflect towards the zero line,indicating growing bullish presence in the market; however, with the MACD below the zero line, the bears remain the dominant force in the market.
