2019-3-12 22:26 |
Summary
Over the last 24 hours, there have been slight price movements for the various cryptos. Today’s focus coins performed as follows:
Stellar (XLM) is up by 9.52%, having moved from $0.091697 to $0.10247. Cardano (ADA) has moved up slightly 2.17%. It started at $0.4614 and is now at $0.047616. Ripple (XRP) was up by 0.74% on the 3 Hour charts, having begun at $0.32010 and is now at $0.31132. Stellar (XLM/USD)The XLM/USD pair has put up the strongest Bull Run, gaining by close to 10% over the last 24 hours. This uptrend has positively impacted on investors seeing that the coin is undersold. The RSI (A) is at a high of 82, having hit 85 this morning. This signals high confidence among XLM’s investors who see a huge potential in the coin.
Forecast
Support has been pushed upwards and resistance tested and breached on several occasions. For the better parts of the day, the 9 day EMA (C) was above the 30 day EMA (B) with the two tending in a reverse contracting triangular pattern. This signals a bullish outlook in the coming days.
Cardano (ADA/USD)The ADA/USD pair has been consolidating at the $0.45 psychological price zone in the last 24 hours. It peaked at $0.466 yesterday which caused the RSI (A) to shoot upwards into the undersold area. Despite undergoing a slight dip, market sentiments are still up.
Forecast
Both Moving averages (C and B) are upward facing. Also, Support has moved up from $0.43 to $0.44 while resistance has held at $0.46. This price movement shows strong consolidation at $0.45 which is likely to hold in the coming days.
Ripple (XRP/USD)Unlike Cardano and Stellar, XRP is tending towards a bearish outlook. It’s currently down by a slight 0.93%, having moved from $0.32010 yesterday to the current $0.31132. In the markets, sales increased due to the coin’s slow price movement. This is as shown in A (the RSI).
Forecast
The bearish trend is supported by the 30 day EMA (C) which Is above the 9 day EMA (B). However, the 9 day EMA (B) is currently acting as price support. If the bulls up their momentum, an upward price rally is likely.
The post Stellar (XLM), Cardano (ADA) and Ripple (XRP) Price Prediction And Analysis appeared first on ZyCrypto.
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