Price analysis, February 27

The views and opinions expressed herein are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trade movement involves a risk, you should conduct your own research when making a decision.

Market data is provided by the HitBTC stock exchange.

Binance's CEO, Zhao Changpeng, said investors seized the Fetch.AI (FET) chip on Feb. 25 in a record 22 seconds. This is a bullish signal. This shows that investor appetite for initial currency offerings (ICO) is returning.

Although Cryptospace has been in an overwhelming market for over a year, it has not stopped banks and stock exchanges from launching new cryptographic services. Swiss bank Julius Baer, ​​with about $ 381.6 billion in assets under management, plans to launch services for crypto clients.

In a KPMG survey, 48% of C-level executives believe the block chain will change the way they do business in the next three years and 41% of respondents said they will likely use the technology. Several of these surveys have shown increased interest in block-chain technology across multiple industries.

However, these changes have not yet managed to get the seal of approval from legendary investor Warren Buffet. In a recent interview with CNBC, he said that Bitcoin was "basically an illusion".

BTC / USD

Bitcoin (BTC) has been struggling to recover from EMA for 20 days in the last two days. This shows nervousness among buyers. The lack of upward movement will attract the settlement of long positions by the bulls and the beginning of short positions by the bears. An unfolding below the downtrend line and the 50 day SMA may result in a drop for the critical support zone of USD3,355-3,236.09. If the digital currency falls to a new annual minimum, the downward trend will resume. Therefore, traders can keep the stops in their long positions, slightly below the current annual low of $ 3,236.09.

On the other hand, if the BTC / USD pair rise from the current level, there is likely to be an increase to the top of the range of $ 4,255. A break in this resistance will signal a double bottom formation, which has a minimum goal of $ 5,273.91. When the price remains above $ 4,255, it is likely that a number of operators waiting outside the confirmation of a fund will come on board.

Both moving averages are flat and the RSI is close to 50, indicating short-term classification formation. That is why it would be preferable to wait for a break above $ 4,255 to add the remaining position.

ETH / USD

Ethereal (ETH) stabilized at 20 day EMA. The bulls are trying to push prices up but have failed to settle $ 145 in the last two days. If this level were broken, it would be optimistic and could reach $ 167.32. Therefore, traders can hold the remaining long positions with a stop loss of USD 125.

On the other hand, a 20 day EMA collapse could sink the ETH / USD pair into the SMA for 50 days and below that at $ 116.30. Both moving averages are flat and the RSI is in the positive zone. That points to a short-term consolidation until the bulls break resistance or bearish break the brackets.

XRP / USD

Rippling (XRP) jumped sharply on February 25 and still managed to top $ 0.33108, but failed to maintain the highest levels. The bassists once again pushed prices to moving averages on Feb. 26.

Currently, the bulls are trying to defend the moving averages. If successful, they will try again to exit the $ 0.33108 value. The XRP / USD pair will gain strength at a close above $ 0.33108. The target levels to be taken into account on the positive side are $ 0.40.

On the other hand, if the price falls again below the moving averages, it could fall to the next support at USD 0.27795. If this level is broken, the fall may extend to the annual minimum of $ 0.24508. Traders can protect their long positions with the stop below US $ 0.27795.

EOS / USD

EOS is trying to keep and jump in the MME for 20 days in the last three days. If successful, it will try again to break the surcharge resistance of $ 3.8723. Above this level, the movement can be extended to USD 4.4930. This time we expect the bulls to rise to resistance and approach $ 6. So we suggest that traders keep their remaining long positions with a stop loss of $ 2.90.

The EOS / USD pair will weaken if it falls below the 20-day EMA and support area of ​​$ 4.2081. If this zone is broken, the next support is in the 50-day SMA. As both moving averages are flattening and the RSI is marginally positive, consolidation is likely to occur for a few days.

LTC / USD

Litecoin (LTC) remained above the EMA of 20 days in the last two days but failed to overcome the resistance of the overheads by $ 47.2460. The 20 day EMA is level and the RSI is close to the midpoint. This points to a short-term consolidation.

The recovery will resume if bulls raise the price above $ 47.2460. The next level to watch on the bright side is $ 53 and above $ 60. So we suggest traders keep their remaining long positions, with a $ 40 loss ceiling.

Our opinion will be invalidated if the LTC / USD pair breaks the EMA of 20 days and falls to the 50 day SMA.

BCH / USD

Bitcoin Cash (BCH) has maintained support on moving averages in the last two days. However, it failed to rise and stay above the 20 days of EMA.

An unfolding of moving averages may attract sales that may reduce the price to $ 105 and, if that level is not maintained, the next support is much lower, at $ 73.50. Therefore, traders with long positions can keep the stop loss at USD 116.

On the positive side, the BCH / USD pair will gain momentum above USD 160. The flat moving averages and the RSI in the center indicate the formation of short-term positions.

XLM / USD

Stellar (XLM) has been trading above the bearish trend line in the past two days, but the price has not rebounded strongly from the stand. This shows a lack of demand at current levels.

The pair XLM / USD will show strength if the bulls push it above 0.10 USD. After climbing above this level, you can rise to the resistance of USD 0.1327050. If the general sentiment is still positive, we could suggest a short-term trade.

But if the digital currency falls from the current level and falls below the low trend line, you can slide 0.0750 USD and below to the minimum of 0.07256747 USD.

TRX / USD

The daily Tron (TRX) range has decreased in the last two days. The short break shows that bulls and bears are waiting for clear direction before taking decisive action.

The price remained between 0.0230 USD on the negative side and 0.02815521 USD on the increase. If bulls climb above air resistance and maintain it, a new bullish trend is likely. Therefore, we could suggest long positions again after the TRX / USD pair break out of the range convincingly.

On the other hand, a collapse of the $ 0.0230 level will attract sales that can drag the lowest price to $ 0.02113440 and below it to $ 0.0183 million.

BNB / USD

The bulls are trying to keep the EMA for 20 days, while the bassists are defending the area from 10 to 12 dollars. If Binance Coin (BNB) contains the rebound, it is likely to consolidate.

Both moving averages continue to rise and the RSI is in positive territory. This shows that the trend is upward. In a bullish trend, while strong support is maintained, setbacks should be seen as a buying opportunity.

If the BNB / USD pair is above $ 10, we may suggest that you occupy a small position. A remaining position can be added above $ 12. Our optimistic view will be invalidated if the bears sank the pair below the 20-day MME. The next level to take into account on the downside is the 50 day SMA.

BSV / USD

Bitcoin SV recovered in the last two days and surpassed USD 71,412. However, it is difficult for the bulls to maintain these levels. The bassists are trying to lower the price below the 50-day SMA.

The BSV / USD pair is at a critical level. If it drops below both moving averages, it can fall to the support zone from USD 58 to USD 60. On the other hand, if bulls defend USD 71,412, the pair could rise to USD 90 and above USD 102, 58

Moving averages are on the verge of an upward trend, which is a positive sign. Traders can buy above USD 78 and maintain a stop loss of USD 60. The target is USD 102. However, if the price strives to exceed USD 90, partial gains can be booked and stopped at rest. they can remain above the equilibrium limit. As the risk-to-reward ratio is not attractive, carriers can keep the position size at about 40% of the usual.

Market data is provided by the HitBTC stock exchange. The charts for analysis are provided by TradingView..