Bitcoin / US Dollar
Following the massive bullish action on the 22nd, we see the Bitcoin market gaining distance away from its 50-day moving average of $40,715 per coin, indicating a market within bullish control.
On the 22nd of March, the bulls responded to previous bearish action after flipping an initial bearish action indicated by the wick below the candle, which denotes the lowest Bitcoin trading price for the day at $40,885 per coin. The bullish dominance of the day resulted in a 3.32% growth in the Bitcoin market, bringing the asset's price to $42,378 per coin. The day's gains were met with significant bearish opposition, as indicated by the wick, placing the highest Bitcoin price at $43,389 per coin.
At the start of the 23rd of March, the bears are initiating a response to previous bullish momentum, resulting in a 0.30% drop in the Bitcoin price, translating to $42,252 per coin with the highest and lowest trading prices seen standing at $42,560 and $41,766, respectively.
Indicators
On the 22nd of March, the bullish action resulted in a rise of the RSI to 56.51, and with the continued bearish move on the 23rd of March, we see a fall in the relative strength index to 56.04.
The histogram and MACD show bullish dominance of the momentum as they stand above the zero line, creating a positive outlook for the asset.
Buy and sell BTC on Remitano
Ethereum / US Dollar
The Ethereum market remains above its 50-day moving average of $2,811 per coin, indicating bullish market dominance.
On the 22nd of March, the bulls continued their previous momentum after flipping an initial bearish start to the market indicated by the wick below the candle, which denotes the lowest trading Ethereum price for the day at $2,887 per coin. With the successful bullish dominance of the market, the bulls influenced a 2.75% rise in the ETH price, bringing the price of each coin to $2,970. The chart also illustrates the bearish rejection of further bullish action, indicated by the wick above the candle, placing the highest trading price of ETH for the day at $3,053 per coin.
At the start of the 23rd of March, the bears are initiating a momentum, resulting in a 0.40% drop in the ETH price, translating to $2,958 per coin, while the highest and lowest trading prices that have been seen so far stand at $3,000 and $2,920, respectively. Nevertheless, with the market still hours from its close, we likely would see changes in these values.
Indicators
The relative strength index of the ETH market indicates a market in strong control by the bulls as its value over the last two days stands above the 50 mark.
On the 22nd of March, the bullish action resulted in a rise of the RSI to 59.31, and with the bearish start on the 23rd of March, we see a fall in the relative strength index to 58.65.
The histogram and MACD are placed above the zero line, indicating bullish dominance of the market momentum. However, with the bearish action of the 23rd, we see reducing bullish activity in the market.
Buy and sell ETH on Remitano
Ripple / US Dollar
From the above chart, we see the Ripple bears attempting to bring the XRP market below its 50-day moving average of $0.766, which would place them in control of the market momentum.
On the 22nd of March, the bears gained dominance of a heavily contested market after flipping an initial bullish market as indicated by the wick above the candle, which places the highest Ripple price for the day at $0.865 per coin. With the continued bearish dominance of the day, the XRP market fell by 0.24%, bringing the asset’s price to $0.836 per coin. The wick below the candle indicates a bullish attempt at reducing the losses for the day, placing the lowest Ripple price for the day at $0.828 per coin.
At the start of the 23rd of March, the bears continue their momentum after flipping a bullish start to the day, indicated by the wick above the candle, which also denotes the highest trading price of Ripple, so far at $0.846 per coin. With the bearish start to the day, we see a 1.18% drop in the Ripple market, bringing the price of each asset to $0.827 per coin. With the market still in its early hours, more volatility is expected in the day. Nevertheless, as of the writing of this piece, the lowest trading price point seen in the market stands at $0.820.
Indicators
On the 22nd of March, the bearish action resulted in a fall of the RSI to 59.83. With the bearish action at the start of the 23rd of March, we see a fall in the relative strength index to 57.74.
Despite the sustained bearish action over the last two days, the MACD and histogram remain above the zero line, reflecting a market still within bullish control.
Buy and sell XRP on Remitano
Litecoin / US Dollar
On the 22nd of March, the bulls initiated a momentum after flipping an initial bearish move, indicated by the wick below the candle, denoting the lowest trading price of LTC for the day at $115 per coin. With the bullish dominance of the day, the LTC market is up by 5.75%, bringing the asset price to $122 per coin. The wick above the candle indicates a bearish attempt to minimize the day's gains, placing the highest LTC trading price at $123 per coin.
At the start of the 23rd of March, the bears are seen initiating a response to previous bullish momentum while experiencing bullish opposition indicated by the wick below the candle, which also denotes the lowest trading price of Litecoin for the day at $118 per coin. The Litecoin market is down by 2.20%, translating to $120 per coin, with the bears being ahead. The wick above the candle denotes an initial bullish start to the market and the highest trading price of Litecoin seen so far at $124 per coin.
Indicators
The LTC market remains bullish, as the relative strength index chart shows as the value stands above the 50 mark.
On the 22nd of March, the bullish action resulted in a rise of the RSI to 62.59, while the bearish start on the 23rd of March has resulted in a fall of the RSI to 59.14
The histogram and MACD portray a market in bullish grasp as they stand above the zero line, creating a positive outlook for the market.
Buy and Sell LTC on Remitano
Bitcoin Cash / US Dollar
On the 22nd of March, the bulls initiated a massive momentum which saw the Bitcoin Cash market rise by 12.12%, bringing the asset’s price to $375 per coin. The wick above the candle indicates a bearish attempt at reducing the day’s gains, placing the highest BCH price for the day at $387, while the wick below the candle denotes the lowest Bitcoin cash price for the day at $334 per coin.
At the start of the 23rd of March, we see the bears responding to the previous bullish momentum, resulting in a 1.91% drop of the market, placing the Bitcoin Cash price at $368 per coin. The wick above and below the candle denote the highest and lowest price points seen, corresponding to $384 and $353, respectively.
With the market yet to meet its close, we expect to see more volatility, subjecting the above figures to change.
With the significant price action seen over the last two days, the Bitcoin Cash market has risen well above its 50-day moving average of $312, reflecting bullish market control.
Indicators
The bullish action across the last two days has seen the Bitcoin Cash bulls gain control of the market momentum as the relative strength index stands above the 50 mark.
With the above statement, the relative strength index on the 22nd and 23rd of March stands at 70.82 and 67.70, respectively.
The histogram and MACD portray a market in bullish grasp as they stand above the zero line, creating a positive outlook for the market.
Buy and sell BCH on Remitano
Cardano / US Dollar
With the bullish move on the 22nd of March, the ADA market is back above its 50-day moving average of $0.947, signifying a flip of the market momentum in favor of the bulls.
On the 22nd of March, the bulls continued their previous momentum, which saw the market rise back above its 50-day moving average with a 6.25% growth in the market, bringing the ADA price to $0.975 per coin. The wick above and below the candle denote ADA's highest and lowest price for the day at $0.988 and $0.908, respectively.
At the start of the 23rd of March, the bears are seen establishing a pushback following a dominant previous day by the bulls. With this move, the ADA market has fallen by 0.35%, bringing the ADA price to $0.971 per coin. With the market still far from its close, the above value is likely to change. Nevertheless, as at the writing of this piece, the highest and lowest ADA prices stand at $1.00 and $0.957, respectively.
Indicators
With the bullish dominance of the market momentum, we see the relative strength index above the 50 mark, indicating the dominance of the bulls.
On the 22nd and 23rd of March, the relative strength index stands at 61.25 and 60.83. The histogram shows growing bullish activity in the market as it stands above the zero line. The MACD has broken above the zero line, increasing bullish entry into the market.
Swap to ADA
Dogecoin / US Dollar
The above chart shows that the Dogecoin market is still yet to break out of its downtrend as its market trades below its 50-day moving average of $0.131 per coin. Over the last two days, we see the significant struggle between the bulls and bears for market dominance.
On the 22nd of March, the bulls continued their previous momentum, resulting in a 2.68% rise in the Dogecoin price, translating to $0.122 per coin. The highest and lowest Dogecoin trading prices for the day stood at $0.125 and $0.118, respectively.
At the start of the 23rd of March, we see the bears responding to the bullish action of the previous day, resulting in a 0.57% drop in the Dogecoin price, bringing its price to $0.121 per coin, with the highest and lowest trading prices standing at $0.123 and $0.121, respectively. With the market well away from its close for the day, we expect more price action, subjecting the above values to change.
Indicators
With the dominant bullish action of the 22nd of March, we see the relative strength index of Dogecoin come near the 50 mark; however, with the bearish start to the 23rd of March, we see the RSI fall farther from the 50 mark, indicating an increasing bearish hold on the market.
On the 22nd and 23rd of March, the relative strength index stands at 49.38 and 48.54, respectively. The MACD maintains its ascent towards the zero line above, which signifies a bullish outlook for the asset, but the bears remain dominant with the MACD below the zero line.
Swap to DOGE
Correlations
- Bitcoin / Ethereum = 0.87
- Bitcoin / Ripple = 0.69
- Bitcoin / Litecoin = 0.67
- Bitcoin / Bitcoin cash = 0.38
- Bitcoin / Cardano = 0.63
- Bitcoin / Dogecoin = 0.77 ## Keynotes for today
- Bitcoin at $42,252 per coin.
- Ethereum at $2,958 per coin.
- Ripple at $0.827 per coin.
- Litecoin at $120 per coin.
- Bitcoin Cash at $368 per coin.
- Cardano at $0.971 per coin.
- Dogecoin at $0.121 per coin.
