Crypto Market Eyeing Rebound: Bitcoin Cash, EOS, XLM, TRX …

  • The sum crypto marketplace top declined next $121.0B and after bounced back more than $5.0B.
  • Bitcoin money cost tested the $130 support and recovered above the $132 level.
  • EOS cost is now up more than 3% and it is trade easily above the $3.50 support.
  • Stellar (XLM) could scold aloft and it is could exam the $0.0900 insurgency area.
  • Tron (TRX) stays in a downtrend, but it might redeem from the $0.0240 support area.

The crypto marketplace recovered neatly after a clever sell-off. Bitcoin (BTC), BCH, Ethereum, EOS, ripple, stellar (XLM), tron (TRX) and other vital altcoins could redeem serve in the nearby term.

Bitcoin Cash Price Analysis

Bitcoin money cost declined recently after it pennyless the $140 support turn opposite the US Dollar. The BCH/USD span pennyless the $135 support and it even peaked next the $130 support level. Later, it bounced back above $130 and it even corrected above the $132 level.

The cost is now trade easily above the $132 level, with an immediate insurgency nearby the $135 level. A mangle above the $135 insurgency could trigger more gains towards the $140 level. On the downside, an initial support is at $130, next which it could revisit the $125 support.

EOS, Stellar (XLM) and Tron (TRX) Price Analysis

EOS cost corrected more than 50% of the new gains and traded next the $2.80 support. The cost even pennyless the $3.50 support recently, but it after bounced back. At the moment, the cost is trade above the $3.55 turn and it might continue to pierce aloft towards the $3.60 and $3.65 insurgency levels. The categorical support on the downside is nearby the $3.50 level.

Stellar cost shaped a support bottom above the $0.0820 turn and it recently recovered. XLM cost is now trade above $0.0850 and it seems like it might scold serve aloft towards the $0.0900 insurgency level.

Tron cost is following a disappearing structure and it even pennyless the $0.0240 support level. TRX recovered and it is now trade just above $0.0240. However, there are many hurdles on the upside nearby the $0.0245 and $0.0248 levels.

Crypto Market Cap Bitcoin Cash BCH EOS XLM TRX

Crypto Market Cap Bitcoin Cash BCH EOS XLM TRX

Looking at the sum cryptocurrency marketplace top hourly chart, there was a disaster nearby the $128.8B level, ensuing in a pointy decline. The marketplace top declined to a new weekly low and pennyless the $121.0B support. However, the $120.0B turn acted as a clever support, ensuing in a pointy miscarry above the $122.0B and $124.0B levels. At the outset, there is a bearish trend line positioned at $126.0B, above which there could be a liberation towards the $128.8B level. Therefore, there are chances of a short-term miscarry in bitcoin, Ethereum, EOS, ripple, LTC, bitcoin cash, XLM, TRX, and other altcoins in the nearby term.

Article source: https://www.newsbtc.com/2019/02/28/crypto-market-eyeing-rebound-bitcoin-cash-eos-xlm-trx-price-analysis/

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