Bitcoin (BTC) hit a new all-time high on April 15th. Even so, Ethereum (ETH) is moving up even faster.
XRP (XRP) could have peaked in the short term. Holo (HOT) has broken out of a descending line of resistance.
Dash (DASH), EOS (EOS) and Curve DAO Token (CRV) are breaking out of the horizontal resistance levels.
Bitcoin broke above the $ 61,500 area on April 13. The next day, it hit an all-time high of $ 64,854.
Technical indicators are bullish. This is particularly evident from the fact that the MACD has almost entered positive territory.
The closest area of resistance is at $ 68,725. This is a medium resistance level determined using an external fib retracement.
While this could potentially turn the price down, the uptrend is likely to continue towards $ 83,000-90,000.
The ETH / BTC pair has been moving up since March 24th.
On April 2, the resistance area of 0.0352 2 was reclaimed and validated as support after ten days.
A clear upward movement began on April 13th.
There is a resistance at ~ 0.0397, the resistance level of 0.618 Fib. However, the main resistance is created by the February highs at 0.046.
Technical indicators are bullish and support the continuation of the uptrend. The RSI has just passed above 70.
It is possible that this is the start of a new uptrend that could push ETH / BTC to their 2018 highs.
For BeInCrypto’s ETH / USD analysis, click here.
XRP has been moving up since March 25th.
However, it could have peaked, at least in the short term, as shown in orange in the table below. The high of $ 1.96 is very close to the 1: 1.61 Fib projection of subwaves 1-3.
If so, XRP could fall back on fib retracement support at 0.382-0.5 at $ 1.18-1.36 before moving back up.
HOT has moved down since hitting a high of $ 0.031 on April 5th.
The sustained decline trailed back to the 0.5 Fib Retracement support level at $ 0.017. It did so on April 14th and HOT has moved up since then. The upside movement was preceded by a bullish divergence in the RSI.
The story goes on
Today (April 15th) HOT broke out of a descending resistance line. The closest area of resistance is at $ 0.024.
DASH has been moving up since March 25th. On April 4th, it broke above the USD 250 resistance area and fell to confirm it as support two days later.
It has increased since then. It is currently very close to the resistance area of $ 330 as determined by the closing price from its February high.
Technical indicators are bullish and support the likelihood of a breakout.
In that case, the next resistance would likely be at $ 500.
EOS has been gaining weight over the past three weeks. So far it has hit the long-term resistance area of $ 7.80 but has been rejected. This is a strong horizontal level of resistance that has been in place since April 2019.
Technical indicators are bullish, suggesting that EOS is likely to break out. This is particularly evident in the RSI cross over 70.
If successful, the next area of resistance would be at $ 14.50.
Curve DAO Token (CRV)
CRV has been moving up since February 28 when it hit a low of $ 1.62. This appears to have been the cause of a four corrective wave.
Since then, it has been an ascending triangle with a primary resistance of $ 3.50.
The two most likely targets for the fifth wave peak are $ 4.96 and $ 7.
Click here for the latest Bitcoin Analysis (BTC) from BeInCrypto.