Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis, Feb. 19

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.

After failing to stem the rising quality of cryptocurrencies through their warnings, the central banks have unerect all the way down to funding anti-crypto campaigns. This move can solely scale back the boldness within the central banks and encourage new investors to enter the crypto world.

At identical time, the Venezuelan government is getting to launch a brand new cryptocurrency known as the petro. every new coin can purportedly be backed by one barrel of oil. However, there's an enormous question on the central bank’s quality that's provision the petro. Analysts believe that the petro is presumably to finish up not conveyance the expected results.

On the opposite hand, Bitcoin continues to draw in high-ticket investments. once the recent fall, there area unit reports of a bargainer shopping for concerning $400 million value of Bitcoin between Gregorian calendar month. 09 to Feb. 12.

People area unit bit by bit turning positive on Bitcoin yet again. Shark Tank’s Henry M. Robert Herjavec believes that Bitcoin can prime its 2017 period high of concerning $20,000 within the short.

Let’s see what will the chart pattern forecast?

BTC/USD
Traders United Nations agency follow United States of America area unit carrying long positions that triggered on Gregorian calendar month. 15. we have a tendency to had counseled booking fifty p.c profits at the 50-day SMA, associate degreed most traders ought to have sold-out once Bitcoin rallied to an intraday high of $11,348.99, yesterday, Feb.18.

We had conjointly counseled trailing the remaining positions with an acceptable stop loss. As each bargainer features a completely different commercialism strategy, we have a tendency to failed to offer any specific trailing stop loss.

The BTC/USD combine is commercialism within associate degree ascending channel. As long because it trades on top of the support line of the channel, it will reach $12,000 levels.

In case of a fall, the support line of the ascending channel and therefore the 20-day EMA are acting as robust support. If these 2 levels break, the value may fall to $8,400. Therefore, traders United Nations agency area unit still left with fifty p.c positions ought to keep the stop loss at $9,800.

We failed to advocate closing the whole position as a result of Bitcoin can become positive once it sustains on top of the declivitous channel.

ETH/USD
Ethereum rallied near the 50-day SMA yesterday, Feb. 18, reaching associate degree intraday high of $979, near our target objective of $1,000. Hope traders would have book profits on five hundredth positions.

For the past four days, the ETH/USD combine has been taking support at $900 levels. Therefore, we have a tendency to advocate raising the stop loss on the remaining position from $775 to $900. The target objective could be a move to the resistance line of the declivitous channel.

If the bulls achieve breaking out of the channel, a move to $1,200 is probably going. On the opposite hand, if the bears break down below $900, there may well be a fall to $780 levels.

BCH/USD
Our target objective on Bitcoin money was a rally to the 50-day SMA, near $1,800 levels, however, yesterday, Feb.18, it turned down from $1,639.251 levels.

Our initial stop loss was placed at $1,100. we would like to lift this stop loss to $1,400 as a result of if most cryptocurrencies flip down from their resistances, the BCH/USD combine may imitate.

So let’s not lose cash thereon.

On the top, please book partial profits on top of $1,750 and hold the remainder with a trailing stop loss for a target objective of $2,000.

XRP/USD
Contrary to our expectation, Ripple continues to exchange a decent vary. it's not participated within the pullback just like the alternative prime cryptocurrencies. the sole consolation is that it's sustaining on top of the 20-day EMA for the past four days.

We had recommended associate degree initial stop loss of $0.86, however we must always raise this stop higher as a result of if the highest currencies flip down, the XRP/USD combine also will fall sharply. Please raise the stops on the whole position to $0.95.

If the tight vary resolves on the top, please book profits on fifty p.c position at $1.45. path the remaining position for a second target objective of $1.74.

XLM/USD
Stellar conjointly has been stuck in a very tight vary for the past four days. it's commercialism near our recommended obtain levels of $0.45.

We anticipate a move to the higher finish of the vary at $0.63. except for that, the XLM/USD combine can ought to escape of the 50-day SMA.

On the draw back, supports lie at the 20-day EMA, the horizontal line at $0.41, and therefore the channel line at $0.38.

For now, please maintain the stop loss at $0.30 on a daily closing basis (as per UTC). we'd like to think about raising it in a very few days.

LTC/USD
In our previous analysis, we have a tendency to had counseled to book profits on fifty p.c positions at $240, associate degreed Litecoin reached an intraday high of $239.5 on Feb. 16. we have a tendency to hope that the traders would have sold-out 1/2 their positions established at $180.

For the past four days, the LTC/USD combine has been commercialism in a very vary of concerning $208 to $240. A gaolbreak of this vary are a positive move, and that we anticipate a rally to $270 and so to $307.

Our stop loss is presently at breakeven. we would like to scale back our risk and pocket a number of the paper profits. That’s why we must always raise the stops on the remaining fifty p.c long positions to $200.

ADA/BTC
We have been pessimistic on Cardano for the past few days as a result of it's weakened of the pessimistic declivitous triangle pattern. although a pullback to the breakdown levels of zero.00004070 is feasible, the cryptocurrency remains negative as long because it trades below the downtrend line of the declivitous triangle.

The ADA/BTC combine is probably going to slip to future terms of zero.0000246. Our pessimistic read are nullified if the digital currency breaks out of the downtrend line, as a result of a failure of a pessimistic pattern could be a optimistic sign.

NEO/USD
As modern is commercialism within a declivitous triangle pattern, we have a tendency to had counseled a fast trade with a protracted at $121 and a target objective of a rally to the downtrend line of the declivitous triangle pattern.

The NEO/USD combine reached our target objective on Gregorian calendar month. 17, reaching a high of $138.35, wherever the traders should have closed their positions.

An attempt by the bears to sink the cryptocurrency unsuccessful Gregorian calendar month. 18. it's presently making an attempt to interrupt out of the downtrend line of the declivitous triangle, which is able to invalidate the pessimistic pattern. If the bulls sustain the gaolbreak, we'd see a rally to $169.

On the draw back, the moving averages and therefore the horizontal line at $120.33 may act as robust support.

EOS/USD
As expected, Greek deity turned down from the downtrend line yesterday, Feb. 18. The 20-day EMA is at $9.76, and therefore the 50-day SMA is at $10.8.

We believe that the bulls can face stiff resistance within the zone of $9.76 to $10.8. Therefore, traders will initiate long positions on top of $11, if the EOS/USD combine sustains the amount for four hours. The target objective on the top could be a rally to $15 levels.

The stop loss are often placed at $8.8.

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