Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis, March 28

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of 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.

Following regulators around the world, technology giants like Facebook, Google and Twitter are now taking actions against initial coin offerings (ICOs) and cryptocurrencies in terms of advertising.

Will this dent the popularity of cryptocurrencies? Nope.

Can this cause a short-term blip in the prices? Definitely.

The popularity of the cryptocurrencies is based on the underlying technology and not on advertising. Also, Bitcoin and altcoins have faced lot more serious problems in the past and have emerged stronger. This time is not going to be any different.

We consider these dips as an opportunity to get a “piece of the future” at a discount. Read on to see what we can buy today.


We had previously indicated that the initial stop loss for Bitcoin was $7,600, however this has not triggered. Currently, there is a tussle between the bulls and the bears at the $8,000 mark.

The trend is down as prices are quoting below both moving averages. The 20-day EMA is falling and holds the key for the near-term price movement. If the bears break below the March 18 lows of $7,715, the BTC/USD pair will weaken further, inviting further selling.

On the other hand, if the bulls push prices higher from the current levels, we may see a range develop. The 50-day SMA is flattening rather than falling, which points to a range bound action in a few days’ time.

Important supports to watch on the downside are $7,850, $7,285 and $6,075. On the upside, the resistance levels to look for are $8,912 (the 20-day EMA) and $9,412.41 (the intraday high of March 21).

Though the risk is high, we suggest holding the long positions with the stipulated stop loss. The traders can add to their positions once the cryptocurrency shows signs of bottoming out.


The Relative Strength Index (RSI) readings on Ethereum are in the deeply oversold territory not seen since Dec. 2016. So, should the traders initiate long positions?

No. In a downtrend, the RSI can remain in the oversold territory for a long time. However, traders should watch for a reversal in the price action because an oversold reading shows that the selling has been overdone.


On March 27, the ETH/USD pair broke below the March 18 lows of $452.32. Ideally, the selling should intensify and the cryptocurrency should fall to the next support of $385.

If the markets reject the lower levels and the price starts to move back up, it will be the first indication that a bottom is in place. Once the price rallies above $600, it will indicate a double bottom formation. Therefore, we suggest waiting until Ethereum shows strength.


Bitcoin Cash has retested the March 18 lows of $884.7951, as forecast in our previous analysis. The next support on the downside is a fall to the February 06 lows of $778.2021. If this level breaks, the slide can extend till $600 levels.


Any pullback to the upside will face selling at the 20-day EMA, which has acted as an important resistance on previous occasions.

The flattening 50-day SMA points to a range bound action, but we should suggest a buy on the BCH/USD pair only after we get a confirmation of a bottom formation. We believe that $1,200 is a good level to enter long positions.


Ripple is holding on to the critical support of $0.56270 with the skin of its teeth. The current prices are far away from our recommended buy levels of $0.71. Our stop loss is at $0.52 and the cryptocurrency dipped to a low of $0.55703 on March 27.


If the bears sustain below $0.56720 for three days, a quick slide to $0.22 is possible because there is no major support in between.

The XRP/USD pair will confirm a range bound trading action if it rallies above the $0.72 levels.


Stellar has managed to stay above the March 17 close (UTC) of $0.20263635. This shows lack of selling at the current levels, but we are yet to see stable buying.


The XLM/USD pair will indicate a probable change in trend if it can close above the $0.27 mark. Until then, prices might remain in a tight range.

A break of the $0.2 levels will be a bearish development and can sink prices to $0.1 levels. Therefore, we are not suggesting a long position at the current levels.


The long position in Litecoin recommended at $165 was closed when it hit its stop loss at $142 on March 27.


The LTC/USD pair now has support at the trendline of the symmetrical triangle at $128. If this support holds, the bulls will make another attempt to pullback towards $187. However, if the support breaks, the cryptocurrency can fall to the February 02 lows of $107.102.

The 50-day SMA has flattened out, which points to possible range bound movement. We will turn bullish when the price breaks out of the 20-day EMA and the downtrend line.


We expect Cardano to remain range bound between 0.00001690 and 0.00002460 for the next few days.


The next leg of the down move will start if the ADA/BTC pair breaks below the supports. Still, it has low chances of happening.

On the upside, if the cryptocurrency breaks out of 0.00002460, it is likely to start a new uptrend. We recommend long positions once the breakout keeps on. The developing positive divergence on the RSI indicates that a rally is in the offing.


Though the bears have broken below the bearish descending triangle pattern on NEO, the bulls are trying to defend the March 18 lows of $49.04.


If the NEO/USD pair breaks below $49.04, it will become negative and can slide to $31.15 levels.

The first sign of strength will be if the bulls push the cryptocurrency above $65 levels and settle there.


EOS has been the strongest one among the top cryptocurrencies. It is trading well above its March 18 lows and is close to the 20-day EMA.


If it breaks out of the descending channel and the 50-day SMA, we believe it will start a new uptrend. Therefore, we recommend a long position on the EOS/USD pair at $7.5. The stop loss can be kept at $5 and the target objective is $11.

Our bullish view will be invalidated if the price declines and stays below $5.

The market data is provided by the HitBTC exchange. The charts for the analysis are provided by TradingView.

Be the first to comment

Leave a Reply

Your email address will not be published.


Privacy Policy is committed to safeguarding your privacy. Contact us at if you have any questions or problems regarding the use of your Personal Data and we will gladly assist you.

By using this site or/and our services, you consent to the Processing of your Personal Data as described in this Privacy Policy.

Table of Contents

  1. Definitions used in this Policy
  2. Data protection principles we follow
  3. What rights do you have regarding your Personal Data
  4. What Personal Data we gather about you
  5. How we use your Personal Data
  6. Who else has access to your Personal Data
  7. How we secure your data
  8. Information about cookies
  9. Contact information


Personal Data – any information relating to an identified or identifiable natural person.
Processing – any operation or set of operations which is performed on Personal Data or on sets of Personal Data.
Data subject – a natural person whose Personal Data is being Processed.
Child – a natural person under 16 years of age.
We/us (either capitalized or not)

Data Protection Principles

We promise to follow the following data protection principles:

  • Processing is lawful, fair, transparent. Our Processing activities have lawful grounds. We always consider your rights before Processing Personal Data. We will provide you information regarding Processing upon request.
  • Processing is limited to the purpose. Our Processing activities fit the purpose for which Personal Data was gathered.
  • Processing is done with minimal data. We only gather and Process the minimal amount of Personal Data required for any purpose.
  • Processing is limited with a time period. We will not store your personal data for longer than needed.
  • We will do our best to ensure the accuracy of data.
  • We will do our best to ensure the integrity and confidentiality of data.

Data Subject’s rights

The Data Subject has the following rights:

  1. Right to information – meaning you have to right to know whether your Personal Data is being processed; what data is gathered, from where it is obtained and why and by whom it is processed.
  2. Right to access – meaning you have the right to access the data collected from/about you. This includes your right to request and obtain a copy of your Personal Data gathered.
  3. Right to rectification – meaning you have the right to request rectification or erasure of your Personal Data that is inaccurate or incomplete.
  4. Right to erasure – meaning in certain circumstances you can request for your Personal Data to be erased from our records.
  5. Right to restrict processing – meaning where certain conditions apply, you have the right to restrict the Processing of your Personal Data.
  6. Right to object to processing – meaning in certain cases you have the right to object to Processing of your Personal Data, for example in the case of direct marketing.
  7. Right to object to automated Processing – meaning you have the right to object to automated Processing, including profiling; and not to be subject to a decision based solely on automated Processing. This right you can exercise whenever there is an outcome of the profiling that produces legal effects concerning or significantly affecting you.
  8. Right to data portability – you have the right to obtain your Personal Data in a machine-readable format or if it is feasible, as a direct transfer from one Processor to another.
  9. Right to lodge a complaint – in the event that we refuse your request under the Rights of Access, we will provide you with a reason as to why. If you are not satisfied with the way your request has been handled please contact us.
  10. Right for the help of supervisory authority – meaning you have the right for the help of a supervisory authority and the right for other legal remedies such as claiming damages.
  11. Right to withdraw consent – you have the right withdraw any given consent for Processing of your Personal Data.

Data we gather

Information you have provided us with
This might be your e-mail address, name, billing address, home address etc – mainly information that is necessary for delivering you a product/service or to enhance your customer experience with us. We save the information you provide us with in order for you to comment or perform other activities on the website. This information includes, for example, your name and e-mail address.

Information automatically collected about you
This includes information that is automatically stored by cookies and other session tools. For example, your shopping cart information, your IP address, your shopping history (if there is any) etc. This information is used to improve your customer experience. When you use our services or look at the contents of our website, your activities may be logged.

Information from our partners
We gather information from our trusted partners with confirmation that they have legal grounds to share that information with us. This is either information you have provided them directly with or that they have gathered about you on other legal grounds. See the list of our partners here.

Publicly available information
We might gather information about you that is publicly available.

How we use your Personal Data

We use your Personal Data in order to:

  • provide our service to you. This includes for example registering your account; providing you with other products and services that you have requested; providing you with promotional items at your request and communicating with you in relation to those products and services; communicating and interacting with you; and notifying you of changes to any services.
  • enhance your customer experience;
  • fulfil an obligation under law or contract;

We use your Personal Data on legitimate grounds and/or with your Consent.

On the grounds of entering into a contract or fulfilling contractual obligations, we Process your Personal Data for the following purposes:

  • to identify you;
  • to provide you a service or to send/offer you a product;
  • to communicate either for sales or invoicing;

On the ground of legitimate interest, we Process your Personal Data for the following purposes:

  • to send you personalized offers* (from us and/or our carefully selected partners);
  • to administer and analyse our client base (purchasing behaviour and history) in order to improve the quality, variety, and availability of products/ services offered/provided;
  • to conduct questionnaires concerning client satisfaction;

As long as you have not informed us otherwise, we consider offering you products/services that are similar or same to your purchasing history/browsing behaviour to be our legitimate interest.

With your consent we Process your Personal Data for the following purposes:

  • to send you newsletters and campaign offers (from us and/or our carefully selected partners);
  • for other purposes we have asked your consent for;

We Process your Personal Data in order to fulfil obligation rising from law and/or use your Personal Data for options provided by law. We reserve the right to anonymise Personal Data gathered and to use any such data. We will use data outside the scope of this Policy only when it is anonymised. We save your billing information and other information gathered about you for as long as needed for accounting purposes or other obligations deriving from law, but not longer than 1 year.

We might process your Personal Data for additional purposes that are not mentioned here, but are compatible with the original purpose for which the data was gathered. To do this, we will ensure that:

  • the link between purposes, context and nature of Personal Data is suitable for further Processing;
  • the further Processing would not harm your interests and
  • there would be appropriate safeguard for Processing.

We will inform you of any further Processing and purposes.

Who else can access your Personal Data

We do not share your Personal Data with strangers. Personal Data about you is in some cases provided to our trusted partners in order to either make providing the service to you possible or to enhance your customer experience. We share your data with:

Our processing partners:


Our business partners:


Connected third parties:


We only work with Processing partners who are able to ensure adequate level of protection to your Personal Data. We disclose your Personal Data to third parties or public officials when we are legally obliged to do so. We might disclose your Personal Data to third parties if you have consented to it or if there are other legal grounds for it.

How we secure your data

We do our best to keep your Personal Data safe. We use safe protocols for communication and transferring data (such as HTTPS). We use anonymising and pseudonymising where suitable. We monitor our systems for possible vulnerabilities and attacks.

Even though we try our best we can not guarantee the security of information. However, we promise to notify suitable authorities of data breaches. We will also notify you if there is a threat to your rights or interests. We will do everything we reasonably can to prevent security breaches and to assist authorities should any breaches occur.

If you have an account with us, note that you have to keep your username and password secret.


We do not intend to collect or knowingly collect information from children. We do not target children with our services.

Cookies and other technologies we use

We use cookies and/or similar technologies to analyse customer behaviour, administer the website, track users’ movements, and to collect information about users. This is done in order to personalize and enhance your experience with us.

A cookie is a tiny text file stored on your computer. Cookies store information that is used to help make sites work. Only we can access the cookies created by our website. You can control your cookies at the browser level. Choosing to disable cookies may hinder your use of certain functions.

We use cookies for the following purposes:

  • Necessary cookies – these cookies are required for you to be able to use some important features on our website, such as logging in. These cookies don’t collect any personal information.
  • Functionality cookies – these cookies provide functionality that makes using our service more convenient and makes providing more personalised features possible. For example, they might remember your name and e-mail in comment forms so you don’t have to re-enter this information next time when commenting.
  • Analytics cookies – these cookies are used to track the use and performance of our website and services
  • Advertising cookies – these cookies are used to deliver advertisements that are relevant to you and to your interests. In addition, they are used to limit the number of times you see an advertisement. They are usually placed to the website by advertising networks with the website operator’s permission. These cookies remember that you have visited a website and this information is shared with other organisations such as advertisers. Often targeting or advertising cookies will be linked to site functionality provided by the other organisation.

You can remove cookies stored in your computer via your browser settings. Alternatively, you can control some 3rd party cookies by using a privacy enhancement platform such as or For more information about cookies, visit

We use Google Analytics to measure traffic on our website. Google has their own Privacy Policy which you can review here. If you’d like to opt out of tracking by Google Analytics, visit the Google Analytics opt-out page.

Read more about cookies on our Cookie Policy

Contact Information

email: [email protected]

Changes to this Privacy Policy

We reserve the right to make change to this Privacy Policy.

You can configure your Internet browser, by changing its options, to stop accepting cookies completely or to prompt you before accepting a cookie from the website you visit. If you do not accept cookies, however, you may not be able to use all portions of the WideBitcoin Websites or all functionality of the Services.

Please note that disabling these technologies may interfere with the performance and features of the Services.

You may also disable cookies on the WideBitcoin Sites by modifying your settings here:

Visitor comments may be checked through an automated spam detection service.

Last Update: May 25, 2018