Bitcoin (BTC) has recaptured the USD 59,400 area. Attempting to validate it as support.
Ethereum (ETH) has broken out of a descending resistance line. It’s very close to hitting a new all-time high.
XRP (XRP) has also broken out of a descending resistance line and is moving towards the next resistance at $ 0.75.
Bitcoin Cash (BCH) is trying to move above the USD 590 resistance area.
IOTA (IOTA) has retaken the USD 1.50 resistance area and is moving up.
The Basic Attention Token (BAT) is breaking out of an ascending triangle.
Swipe (SXP) has completed a running flat correction and could hit a new all-time high.
Bitcoin (BTC)
On April 1st, BTC was hovering over the $ 59,400 area. It has struggled to do this since March 17th.
The area is currently being validated as support.
Short term indicators are bullish. The MACD is gradually moving up and the RSI has broken out of a descending resistance line.
BTC is expected to gradually move towards a new all-time high.
For a longer-term analysis, click here.
Ethereum (ETH)
ETH has had a downward trajectory of resistance since Feb.20, when it hit an all-time high of $ 2036.
It broke out of this line of resistance on March 31st.
Technical indicators are bullish. Both the RSI and the MACD are increasing.
If ETH continues to rise, the token will find the next resistance area at USD 2500.
For the long term move click here.
XRP (XRP)
XRP has followed a descending resistance line since November 2020.
After four unsuccessful attempts, XRP finally managed to get over it on March 31st.
Technical indicators in the daily timeframe are bullish.
Hence, the XRP is expected to increase towards the closest resistance area at $ 0.75 and possibly higher.
For a longer-term analysis, click here.
Bitcoin Cash (BCH)
BCH lagged significantly in March and didn’t even hit the February highs.
However, on March 29, it was hovering above a descending resistance line that had been in place since the February highs.
After that, the MACD gave a bullish reversal signal and the stochastic oscillator a bullish cross.
Additionally, the RSI exceeded 50.
Currently, BCH is approaching the USD 591 resistance level. The area is both the 0.5 fib retracement of the previous decrease and a horizontal drag area.
If it does manage to break out, the next resistance would be at $ 775.
IOTA (IOTA)
On February 20, IOTA hit a high of $ 1.50 and declined immediately afterwards. The next unsuccessful breakout attempt confirmed the USD 1.50 area as resistance.
Following the alleged March 23 outbreak, IOTA fell back under this area before being recaptured again.
This is a very bullish development that indicates that the price is likely to move higher.
Both the RSI and the MACD have created a hidden bullish divergence, a strong sign that the trend is continuing.
The wave number indicates that IOTA has just completed a running flat correction as part of wave four (white).
The two most likely targets for the top of the move are $ 2.25 and $ 2.90.
Basic Attention Token (BAT)
BAT has been rising after a rising support line since March 25th.
The third attempt is currently being made to go beyond the $ 2.20 area. This has created an ascending triangle that is considered a bullish pattern.
Both RSI and MACD are increasing, which supports the possibility of a breakout.
A move across the full height of the pattern would push BAT to a new all-time high of $ 1.45.
Wipe (SXP)
Similar to IOTA, SXP may have carried out a running flat correction.
Additionally, both the MACD and RSI have become bullish.
If this is correct, it would lead SXP to a new all-time high price.
Click here for the latest Bitcoin Analysis (BTC) from BeInCrypto.
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