On the 19th of May, we see the bulls dominating the market momentum, resulting in a 5.59% rise in the Bitcoin price, bringing it to $30,274 per coin. The bears initiate a response to the previous bullish action, resulting in a 0.12% drop in price, translating to $30,238 per coin. With the market yet to hit its full stride, the highest and lowest Bitcoin price stands at $30,723 and $29,809 per coin.
With the bullish action on the 19th of May, the Bitcoin relative strength index increased to 38.20; however, the bearish action on the 20th of May has caused the RSI to fall to 38.11. With an RSI value below 50, the market momentum remains in the control of the bears.
The MACD remains below the zero line, indicating overall bearish dominance; however, the histogram has shifted above the zero line, indicating the bullish entry into the market.
The ETH market sees two consecutive days of bullish action, beginning on the 19th of May, with the market increasing by 5.52%, translating to $2,017 per coin. The 20th of May starts with a consecutive bullish action amidst bearish opposition. The ETH market is up by 0.55%, translating to $2,028 per coin with this move. With the market still far from its close, the highest and lowest ETH price stands at $2,062 and $2,000.
The RSI of the ETH market remains below the 50 mark, indicating the dominance of the bears in the market. The bullish action on the 19th and 20th of May resulted in an RSI of 35 and 36, reflecting increasing bullish action.
The MACD and histogram are below the zero line, placing the bears as the dominant force in the market. Due to the bullish momentum in the market, the histogram shows reducing bearish action in the market.
The Ripple bulls gained control of the market on the 19th and 20th of May. On the 19th of May, the bullish activity resulted in a 3.89%, translating to a price tag of $0.420 per coin, and with the continued action on the 20th of May, we see the XRP rise by 0.46%, bringing the Bitcoin the Ripple price to $0.422 per coin. The highest and lowest Ripple price stands at $0.440 and $0.416, respectively.
With the bullish momentum on the 19th and 20th of May, the Ripple relative strength index increases bullish entry into the market. With the above, the relative strength index on these days stands at 33 and 34.
The histogram shows increasing bullish entry into the market as it moves above the zero line. However, the MACD remains below the zero line, maintaining the bears as the overall dominant force.
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On the 19th of May, the bulls responded to previous bearish action, resulting in a 9.34% growth in price, translating to $72 per coin. The bears initiated a momentum on the 20th of May, resulting in a 3.58% drop in the LTC price, translating to $69 per coin. With the volatility in the market, the highest and lowest price points stand at $73 and $68.
The relative strength index of the Litecoin market stands below the 50 mark, indicating that the bears are in control of the market. With the above statement, the RSI following the bullish action on the 19th and the bearish action 20th of May, the RSI stands at 39 and 37. In correlation, we see the MACD and histogram below the zero line, indicating the bearish dominance and a negative outlook for the asset.
On the 19th of May, the bulls dominated the market, resulting in the market increasing by 5.09%, translating to $196 per coin with the above move. We see the bears responding on the 20th of May, resulting in a 2.77% drop in the Bitcoin Cash price to $190 per coin. The highest and lowest Bitcoin cash price stands at $200 and $190, respectively. The Bitcoin Cash market remains in a downtrend as it remains below its 50-day moving average of $290.
The BCH relative strength index portrays a market in bearish control with a value below the 50 mark. On the 19th of May, the bullish action resulted in an RSI of 34, while the bearish action on the 20th of May resulted in an RSI of 33.
The MACD and histogram remain below the zero line, maintaining the bears in control and a negative outlook for the Bitcoin Cash market.
The ADA market remains below its 50-day moving average of $0.839, maintaining that the bears control the market sentiment.
On the 19th of May, the bulls began a momentum, resulting in a 5.40% rise in the market, bringing the ADA price to $0.532 per coin. On the 20th of May, we see the bears initiating a momentum resulting in the ADA price dropping by 3.85%, bringing its price to $0.512 per coin.
On the 19th of May, the bullish activity saw the RSI rise to 36, while the bearish activity on the 20th of May resulted in an RSI of 35. With the RSI below 50, the market remains in bearish dominance.
The MACD and histogram show a bearish dominance, placed below the zero line, creating a negative asset for the market. However, the histogram reveals reducing bearish activity in the market.
On the 19th of May, the bulls initiated a momentum, resulting in a 3.96% rise in the Dogecoin price, translating to $0.086 per coin. The highest and lowest Dogecoin trading prices for the day stood at $0.087 and $0.081, respectively.
At the start of the 20th of May, we see bearish action, resulting in a 3.35% drop in the Dogecoin price, bringing its price to $0.083 per coin, with the highest and lowest trading prices standing at $0.088 and $0.083, respectively.
On the 19th of May, the bullish action resulted in an RSI of 34, while the bearish action on the 20th of May resulted in an RSI of 33. With the above values, the Dogecoin market remains in bearish control.
The MACD and Histogram show a bearish dominance, as both indicators are placed below the zero line, creating a negative asset for the market.
