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Bitcoin SV Continues to Plummet Amidst Delisting Trend: Bitcoin Cash Hodlers Celebrate

The recent Bitcoin SV (BSV) imbroglio first began when those backing the cryptocurrency took legal action against popular figures within the crypto community who had been outspoken against both BSV and its mastermind, Craig Wright – who is widely seen as a charlatan who incessantly claims that he is the true Satoshi Nakamoto.

BSV, which was just recently delisted from the world’s largest cryptocurrency exchange, Binance, has since been delisted by other major exchanges as well and has found itself caught in a downwards tailspin that has sent it spiraling down to set fresh year-to-date lows.

Bitcoin Cash the Big Winner of the BSV Imbroglio

This recent price drop and the growing trend of major exchanges delisting BSV – although devastating for those invested in the cryptocurrency – has been very positive for Bitcoin Cash, which has incurred decent price gains in the time since Bitcoin SV was delisted from Binance.

Bitcoin Cash – which underwent a hard fork in late-2018 that resulted in the creation of BSV – has surged from weekly lows of $260 to highs of nearly $330, before settling at its current price of $318.80.

Bitcoin SV, on the other hand, has plummeted over the past several days, and is currently trading down over 12% at its current price of $55. BSV has plummeted from its one-week highs of roughly $85, which were set last Wednesday.

Although Bitcoin Cash may directly benefit from Bitcoin SV’s tailspin, analysts still expect it to possibly see further downside in the near-term.

The Cryptomist, a popular cryptocurrency analyst on Twitter, shared her thoughts on where BCH is heading next, noting that a bear division on its RSI may signal that further downside is imminent, despite its recent strength.

“$BCH This has been one of my biggest winners in the last couple months! I would not fomo in atm, we have a double top on candles and bearish div on RSI. Expecting a little retracement,” she said.

Bitcoin SV May Continue to Plunge as More Exchanges Delist it  

BSV’s recent drop is directly linked to Binance choosing to delist it from their platform – a decision that led other exchanges to follow suit.

Shortly after Binance made the announcement, Erik Voorhees, the CEO of cryptocurrency exchange ShapeShift, tweeted that his exchange would also be delisting BSV from their platform.

“We stand with @binance and CZ’s sentiments. We’ve decided to delist Bitcoin SV #BSV from @ShapeShift_io within 48 hrs,” he concisely noted.

Blockchain.com also announced that they would be delisting BSV by May 15th.

“In the next thirty days, we will end even close out support for #BSV transactions. To use #BSV, go somewhere else!” Peter Smith, the CEO and co-founder of Blockchain.com, explained in a tweet.

The latest cryptocurrency exchange to announce that they would be delisting BSV is Kraken, which recently tweeted that “the people have spoken” adding that they would be delisting Bitcoin SV, marking another significant blow to the embattled cryptocurrency.

As more exchanges jump on the band wagon and delist Bitcoin SV, it is highly likely that Bitcoin Cash will continue to reap the rewards and may see significantly further gains in the near future.

Featured image from Shutterstock.

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Ending support for Bitcoin Cash SV (BSV) in the Blockchain Wallet

We’re invested in the long-term health of the crypto ecosystem and are mindful to support cryptocurrencies that are reliable, safe, and convenient. Since January we’ve offered limited support for Bitcoin Cash SV (BSV) and have been closely monitoring activity of the BSV network since the hard fork in November. After careful consideration, we have determined to end all support of BSV within the Blockchain Wallet by May 15, 2019.

If you have BSV, we recommend simply swapping it for another crypto in the Blockchain Wallet or sending your tokens to another service. To access your BSV tokens, log into your wallet through any web browser and select the Settings option on the bottom left, then Wallets & Addresses. On mobile? You can log into your Web Wallet by logging into the Blockchain app and clicking ‘Log in to Web Wallet’ in the side navigation.

Have questions? Feel free to reach out to our Social team and support team for help.

Web Wallet login from Mobile Wallet

BSV services within Settings

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Top 5 Crypto Performers Overview: Stellar, Bitcoin Cash, Cardano, Dash, Monero

The crypto market is looking at a tentative uptrend — let’s take a look at the coins leading the way.

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

The market data is provided by the HitBTC exchange.

The crypto markets are showing the first signs of bottoming out. Most cryptocurrencies are well above their yearly lows and are starting new uptrends. Every bull phase has a new set of leaders. Therefore, it is important to note the digital currencies that are pulling the market higher, as these are the ones that are likely to outperform during the move upwards.

Bitcoin’s (BTC) dominance continues to drop gradually since reaching a high of about 57.80 percent in mid-September. This shows that the market participants are loading up on altcoins. However, a new bull phase cannot start without support from the leading cryptocurrency.

The good news regarding Bitcoin is that it has stopped falling and is gradually moving higher. Its volume topped $11 billion over the 24-hour period on March 15, a level not seen since April 25 of last year. This shows that market participants are gradually turning bullish on the leading cryptocurrency.

As the crypto universe emerges from its prolonged bear phase, there will be periods when Bitcoin will lead and other times when altcoins will lead. So, traders should change their strategy accordingly.

XLM/USD

Stellar (XLM) is the best performing major cryptocurrency of the past week. It rallied on the back of favorable news, as Coinbase Pro announced support for Stellar on March 13. This move will likely eventually lead to full support on Coinbase’s other platforms. The appointment of Denelle Dixon, former chief operating officer at Mozilla, as the CEO and executive director of Stellar Development Foundation also served as bullish news.

Additionally, IBM’s push to create a stablecoin targeting blockchain-powered cross-border payment solutions for banks involves a partnership with the altcoin in the form of Blockchain World Wire. The question is, can this adoption and development-based rally continue or will it hit a roadblock ahead? Let’s take a look at the charts.

XLM

The XLM/USD pair is in a downtrend. Both the moving averages are still down and the RSI is in the negative zone. Currently, it is attempting to pullback from the lows, which will face resistance at $0.14861760 and above it at the downtrend line.

We are yet to see a higher high and a higher low being formed, which will indicate that the downtrend is over. Therefore, for long-term investors, we don’t see any reliable buy setups yet. If the pair turns down from the 20-week EMA, it will again attempt a breakdown to new lows.   

BCH/USD

Bitcoin Cash (BCH) was the second-best performer for the week, rising about 15 percent. Though there was apparently no specific news driving prices higher, the digital currency has a history of vertical rallies and waterfall declines. Let’s see where it goes from here.

BCH

After many small range weeks, the BCH/USD pair is looking to move up. The current move is likely to carry it to the 20-week EMA, which is just below the horizontal resistance of $239. If the bulls succeed in breaking out of $239, we anticipate the pair to pick up momentum and rally to $400. The digital currency has a history of sharp rallies; hence, the target might surprise to the upside.

Contrary to our assumption, if the cryptocurrency turns down from $239, it might extend its stay in the range for a few more weeks. It will turn negative if the bears sink the price below $105.

ADA/USD

Cardano (ADA) announced this week that it will be one of the founding members of the  European Commission’s International Association for Trusted Blockchain Applications. The association is an effort to identify the improvements blockchain technology can bring to various industries and formulate a common approach for the European Union.

ADA

The ADA/USD pair has been range bound between $0.036815 and $0.051468. We like it when a digital currency forms a large basing pattern after a prolonged downtrend. Previous attempts to breakout or breakdown of the range did not find any takers.

Currently, the bulls are trying to breakout of the range once again. The 20-week EMA is just above this level, which might also act as a roadblock. If the digital currency scales above the 20-week EMA, we anticipate a quick rally to $0.082952 and above it to $0.094256. Therefore, traders can buy on a weekly close (UTC time frame) above $0.051468 and keep a stop loss of $0.0350.

Opposite to our expectations, if the digital currency turns down from the current levels, it will extend it stay in the range for a few more weeks. A breakdown of the range will be a negative sign that can result in a retest of the lows, below which the downtrend will resume.

DASH/USD

Dash (DASH) has been making huge inroads in Venezuela as the citizens look at various available avenues to deal with the unstable Bolivar and foreign sanctions, which threaten to derail SWIFT, Visa and MasterCard services. Dash Text has come up with a charity system that is devoid of any human third-party intervention. The donations are directly distributed among the pool of recipients. In other news, Equicex Group, the provider of privacy-focused debit cards, has decided to integrate Dash, which increases the options available for Dash users.

DASH

The DASH/USD pair continues to trade between $56.214 and $103.261. The bulls are attempting to push prices above the resistance of the range. The 20-week EMA is placed just below $103.261 levels. We expect the bears to defend this resistance. If the price turns down, then the consolidation will stretch out for a few more weeks. The trend will turn negative if the bears sink the digital currency below the range.

Conversely, if the bulls succeed in breaking out of the overhead resistance, it can move towards the next levels of $175 and $224. Aggressive traders can buy a breakout and weekly close (UTC time frame) above $103.261. The initial stop loss can be kept at $56 that can be quickly raised if the price moves northwards or fails to build upon gains following the breakout.

XMR/USD

In Monero (XMR) news, the altcoin completed a hard fork on March 09 that will help improve its privacy, security and ASIC resistance. Following the update, the hash rate of the Monero network plunged by about 90 percent from 1.14Gh/s to 162.14Mh/s. Additionally, two new Monero trading pairs were added by top global exchange Binance. Given these developments, the cryptocurrency came out this week as the fifth best performer. Can it improve upon its performance?

XMR

The bulls are attempting to carry the XMR/USD pair above the resistance of the range at $60.1470 and the 20-week EMA at $62.50. If successful, a quick rally to $81, followed by a move to $114.840 is probable. The long-term target is $150.

Traders can buy on a close above $62.5 and keep a stop loss of $38, which is just below the bottom of the range. As the price moves higher, we would suggest trailing the stops higher to reduce risk.

On the other hand, if the price turns down from the overhead resistance, the virtual currency will remain range bound for a few more weeks. The trend will turn negative on a breakdown of the current range.

Market data is provided by the HitBTC exchange. Charts for analysis are provided by TradingView.

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Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, Binance Coin, Stellar, Tron, Bitcoin SV: Price Analysis, March 4

Prices slumped on Monday, and there are no specific fundamental reasons that may have led to the selloff.

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

The market data is provided by the HitBTC exchange.

The market tends to cycle between periods of low and high volatility. After a week of small-price-range action, the range expanded on Monday and the crypto markets decided to move southwards. What has caused this sudden fall? There are no specific fundamental reasons that might have led to this selloff.

One of the possibilities might be the strengthening dollar, which has risen in the past four days. Gold also fell sharply on Friday, as a consequence.

This shows that traders are keen to take on risk. Traders like to keep the assets that are showing a strong uptrend. The United States markets have been on a roll for the past ten weeks. Positive news on the trade deal between the U.S. and China might have encouraged some short-term traders to book profits in cryptocurrencies and shift over to the stock markets.

Although the current fall will dampen sentiment, it does not change the overall structure of most major cryptocurrencies. They remain in a bottoming formation and will continue to be volatile during the period.

BTC/USD

After six days of small-range trading, the range has expanded to the downside, which is a negative sign. Bitcoin (BTC) has broken below the 20-day EMA and is currently close to the 50-day SMA. The downtrend line is also located at this level. This line had previously acted as a strong resistance, so it will now act as a strong support.

A breakdown of this critical support can plummet the BTC/USD pair to the next support at $3,355, and if it also fails to hold, the final support on the downside is $3,236.09. A new yearly low will resume the downtrend.

Conversely, if the price finds support at the current levels, it will again try to rally above $3,900 and reach $4,255. A break out of this critical resistance will suggest that a bottom has been put in place. The next few days are critical. Traders can maintain the stop loss on their long positions below $3,236.09.

ETH/USD

Ethereum (ETH) has broken down of the 20-day EMA and has declined to the 50-day SMA. The failure to bounce off the 20-day EMA is a negative sign. If the 50-day SMA also fails to stem the fall, the next support on the downside is $116.3. Therefore, traders should keep a stop loss of $125 on the remaining long positions.

On the other hand, if the ETH/USD pair rebounds from the current levels, it will try to rise above $145 and reach the critical overhead resistance of $167.32. The pair will pick up momentum above this level. Currently, both of the moving averages are flat, and the RSI is just below the 50 levels. This points to range bound trading in the short-term.

XRP/USD

Ripple (XRP) has turned down below the moving averages. It has again slipped to the support at $0.2950. This is the fourth time the price has fallen to this level.

Repeated retests of a support level increase the probability of a breakdown. If this support cracks, the next level to watch on the downside is $0.27795. The bulls have held this support twice: once in mid-December of last year and again in end-January of 2019.

Hence, this is a critical level. A breakdown of this could plummet the digital currency to the yearly low of $0.24508.

If the buyers step in at the current levels, the XRP/USD pair can move up to $0.33108. A breakout and close above this level is likely to propel the pair to the resistance line of the descending channel, close to $0.40. The traders should protect their long positions with a stop loss below $0.27795.

EOS/USD

EOS has broken below the 20-day EMA and plummeted to the next support of $3.2081. If the bulls fail to defend this level, the drop can extend to the 50-day SMA. The traders can keep their stops at $2.90 on the remaining long positions.

A bounce from the current levels will again try to push the EOS/USD pair above the overhead resistance of $3.8723. The 20-day EMA is flattening out, and the RSI has also dipped close to the neutral zone. This shows a balance between demand and supply.

LTC/USD

Litecoin (LTC) had risen above $47.2460 on March 2, but the bulls could not sustain the higher levels. The price has again corrected to the 20-day EMA, forming a head and shoulders pattern, which will complete on a breakdown and close below the neckline.

The potential breakdown has a pattern target of $32.00. However, $40.4240, the 50-day SMA and the uptrend line can act as important supports.

The 20-day EMA is flattening out, and the RSI has also declined to the midpoint. This shows that the bulls are losing their edge in the short term. But if the LTC/USD pair rebounds either from the 20-day EMA, or from the neckline, it will again try to scale above $50 and prolong its recovery. The traders can keep a stop loss of $40 on the remaining long position.

BCH/USD

Bitcoin Cash (BCH) could not break out of the 20-day EMA for the past five days, which attracted selling. The price has broken down of the 50-day SMA, which is a bearish sign. It can now drop to $116.79, and below it to $105. Traders who are holding long positions can keep their stop loss at $116.

The BCH/USD pair will prove us wrong if it reverses direction from the current levels and breaks out of $140. Until then, every rise will be likely to attract selling. The RSI is in the negative zone, but the moving averages are still flat, which points to a likely consolidation.

BNB/USD

Binance Coin (BNB) closed above $12 on March 2, thereby triggering our buy suggested in the previous analysis. However, the close above $12 attracted profit booking by the bulls that have dragged the price back into the critical support zone of $10–$12.

Both of the moving averages are sloping up, and the RSI is in the positive zone, which shows that the trend is up. The first support on the downside is the 20-day EMA, and below it $9.2450296. If these support levels fail to hold, the slide can extend to the 50-day SMA.

Conversely, if the BNB/USD pair bounces off the 20-day EMA and breaks out of $12, it could move up to $15, and above it to $18. Therefore, traders who have entered long positions can keep their stop loss at $9.

XLM/USD

Stellar (XLM) tried to break out of the overhead resistance at $0.09285498 on March 3, but failed. Currently, the price has turned around and broken below the moving averages. A break below $0.08184371 can result in a retest of the yearly low.

The 20-day EMA is flat, and the 50-day SMA is sloping down. The RSI has also slipped below the 50 levels, which shows that the sellers are at an advantage.

Our bearish view will be invalidated if the XLM/USD pair turns around from the current levels and breaks out of $0.10. The pair has been a huge underperformer, as it did not participate in the recent pullback. This shows a lack of interest among the market participants to own this coin. We shall wait for a trend reversal before recommending a trade in it.

TRX/USD

Tron (TRX) has broken down of the support at $0.02306493, and is close to the next support at $0.02113440. If this level breaks, the next support to watch on the downside is  $0.01830000. The moving averages have completed a bearish crossover, which is a negative sign.

If the TRX/USD pair holds above $0.01830, it will be likely to extend its stay in the range and might offer us an opportune trade. Nonetheless, if the bulls fail to defend the support at $0.01830, a deeper fall towards the yearly low will become probable.

Our bearish view will be invalidated if the price turns around from the current levels and rallies above both of the moving averages, as well as $0.02815521.

BSV/USD

Bitcoin SV (BSV) has failed to hold the moving averages. It is now threatening to break below the support at $65.031. This shows a lack of buying interest at higher levels.

The immediate support zone on the downside is between $58 and $60. If the BSV/USD pair plunges below this zone, a fall to the lifetime low at $38.528 is probable. With both of the moving averages sloping down and the RSI in the negative territory, the path of least resistance is to the downside.

Conversely, if the cryptocurrency holds above the supports, it will again attempt to rise above $77.035. If successful, it can move up to $102.580, and above it to $123.980. Therefore, we might suggest long positions if the price sustains above $78. Until then, we cannot find any reliable buy setups.

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

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Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, Stellar, Tron, Binance Coin, Cardano: Price Analysis, Feb. 25

Endorsement of blockchain from heads of state shows that the time of the technology has come.

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

Market data is provided by the HitBTC exchange.

A bottom formation after a long bear market is not a linear process. At various intervals, we are likely to witness spurts of buying and selling as the bulls and the bears attempt to establish their supremacy. After a smart recovery from the lows, when it looked like the bears had surrendered, came the plunge on Feb. 24, that wiped off about $15 billion from the total market capitalization within a few minutes.

Such selling is not always based on fundamental news or events. Technical factors like profit booking near a stiff resistance and initiation of short positions by aggressive bears can bring about such a sharp fall. While we expect volatility in the bottoming process, we are keeping our focus on the positive fundamental developments. The longer the markets disregard the fundamentals, the stronger the eventual breakout will be.

After Venezuela, now Russia plans to launch an oil-backed cryptocurrency. OPEC along with Russia are exploring options for settling their energy dealings in crypto instead of Petrodollars. If this happens, it will give a big boost to crypto markets. When a head of state endorses blockchain technology and recommends it to the leaders of other nations, it shows that the time of this technology has come.

BTC/USD

The recovery in Bitcoin (BTC) that started from $3,355 could not scale above the critical resistance of $4,255. The bears swung into action on Feb. 25 and pushed the price back down to the 20-day EMA. The downtrend line, which had previously acted as a stiff resistance, should act as a strong support now.

If the price bounces from current levels, the bulls will again try to break out of $4,255. If successful, it will indicate a double bottom formation that has a pattern target of $5,273.91. The traders can protect their long positions with a stop loss just below $3,236.09.

Contrary to our assumption, if the bears sink the BTC/USD pair below the downtrend line, it can again correct to $3,355. If the support fails to hold up, the next support on the downside is at $3236.09, below which the downtrend will resume.

Both the moving averages are flat and the RSI is close to the center, which points to a consolidation in the near term. The price action of the next couple of days will give us better insight on whether lower levels are in the offering or is this just a shakeout of the weaker hands.

ETH/USD

Ethereum (ETH) took a nosedive on Feb. 24 after rising above the overhead resistance of $167.32. We hope traders booked profits on half of their long positions as we had suggested.

The decline on Feb. 24 wiped off gains of the past six days. This shows the extent of the carnage. The ETH/USD pair is trying to bounce off the critical support at $134.5. The 20-day EMA is also nearby, hence, this level assumes significance.

A failure to hold this level will indicate weakness and will attract further selling. Below $134.50, a drop to $116.30 is probable. Therefore, traders can keep a stop loss of $125 on the remaining half position.

We do not want to close the position at current levels, because if the bulls succeed in defending the support, they will make another attempt to break out of $167.32.

XRP/USD

Ripple (XRP) closed above the overhead resistance of $0.33108 on Feb. 23, thus triggering our buy recommendation. However, the very next day, the digital currency turned around and plunged below both the moving averages. It is currently attempting to hold the immediate support at $0.29282.

Currently, both the moving averages are flat and the RSI is just above the 50 level. This shows a balance between the buyers and the sellers. Traders can keep their stop loss just below $0.27795.

If the XRP/USD pair finds support at current levels, it will again try to break out of $0.33108. However, if it breaks down of $0.29282, it can slide to the next support at $0.27795, which should hold. If we do not find signs of buying within the next couple of days, we might suggest to close the position.

EOS/USD

EOS reached our target objective of $4.4930 on Feb. 23. However, it did not stay at that level and quickly turned around. The fall was sharp, as it easily broke below the support of $3.8723. We hope traders would have locked in profits on half of their long positions as we had recommended in the previous analysis.

Currently, the EOS/USD pair is trying to hold the support at the 20-day EMA, which is sloping up. If successful, it will again try to break out of $3.8723.

However, if the bears breakdown of the 20-day EMA, the fall can extend to the 50-day SMA. If this support also breaks, the slide can reach the critical support at $2.1733. Therefore, traders can keep a stop loss of $2.90 on the remaining open position.

LTC/USD

Litecoin (LTC) turned around from just above $53 on Feb. 24. The fall was sharp, and the support at $47.2460 was taken out instantly. We hope the traders had trailed the stops on half of their long position closely and locked in profits as suggested by us.

Currently, the bulls are trying to hold the 20-day EMA. If successful, the LTC/USD pair will again attempt to rise above $47.2460. However, if the support gives way, the pair can dive to the 50-day SMA. If this support also breaks, the trend will turn in favor of the bears. Hence, traders can keep their stop loss on the remaining position at $40.

Both the moving averages are flattening out and the RSI has dipped close to 50. This increases the probability of a range formation in the short-term.

BCH/USD

Bitcoin Cash (BCH) attempted to extend its recovery on Feb. 23 but the sharp fall on Feb. 24 took it back to the moving averages.

Currently, the bulls are attempting to hold the moving averages, which are flat. The RSI is also close to 50. If the support at the moving averages holds, the pair can consolidate between $125 and $160 for a few days.

Our view will be negated if the bears sink the BCH/USD pair below the moving averages. Such a move will result in a fall to $105. Traders who are long can hold their positions with the stop at $116.

XLM/USD

After rising above the 50-day SMA on Feb. 23, Stellar (XLM) reversed direction and plunged below the 20-day EMA on the next day. If the price sustains below the 20-day EMA, it can decline to $0.0750 and below it to the low of $0.07256747.  

Previous strong resistances act as supports after they are crossed. Thus, the downtrend line is likely to act as a strong support. If the XLM/USD pair bounces off this support, it will again attempt to scale the 50-day SMA.

Both the moving averages are flattening out and the RSI is close to the neutral zone. Hence, we anticipate a consolidation in the next few days. As the pair is still close to its yearly lows, we shall wait for a trend reversal before proposing a trade in it.

TRX/USD

Tron (TRX) reached the overhead resistance at $0.02815521 on Feb. 24 but turned down sharply from it. The fall triggered our suggested stop loss on long positions at $0.0230.

Currently, the bulls are again attempting to scale above the moving averages and the downtrend line. If successful, the TRX/USD pair will make another attempt to rise above the overhead resistance.

On the other hand, if the price breaks down and sustains below $0.02260516, it can slump to $0.02113440 and below it to $0.01830000. The moving averages have completed a bearish crossover and the 20-day EMA has started to turn down. This shows that the bears have the upper hand in the near term.

BNB/USD

Binance Coin (BNB) is facing resistance in the zone of $10 to $12 as we have been mentioning. The price dipped back from close to $12 to just below $10 on Feb. 24. Nevertheless, we like the way the price bounced off the 20-day EMA, which shows that the bulls are buying on dips.

With both the moving averages sloping up and the RSI in the positive territory, the trend remains up. If the price sustains above $10, we anticipate the digital currency to consolidate between $10 and $12 for a few more days.

Our view will be invalidated if the BNB/USD pair plummets below the 20-day EMA. That can lead to a fall to the next support at the 50-day SMA. A breakdown of the 50-day SMA will tilt the advantage in favor of the bears. We shall wait for a breakout above $12 before recommending a trade in it.

ADA/USD

Cardano (ADA) came close to the overhead resistance of $0.051468 but could not cross it. Strong selling at this resistance dragged the price back to the moving averages. The moving averages are fat and the RSI is also at the midpoint. This suggests that the consolidation is likely to continue for a few more days.

We shall turn positive on a breakout of the overhead resistance. Another probable trade is to buy closer to the bottom of the range, after a strong bounce from it. Such an entry will help the traders buy closer to a strong support. However, we shall suggest this trade only after the ADA/USD pair rebounds sharply from the key support of $0.036815. We do not find any buy setups at current levels.

Market data is provided by the HitBTC exchange. Charts for analysis are provided by TradingView.