June 15, 2021

Crypto Price Analysis & Overview March 19th: Bitcoin, Ethereum, Ripple, Binance Coin, and Cardano

6 min read

We saw a rollercoaster of cost action over the previous seven days as Bitcoin went to set a brand-new all-time high slightly listed below $62K, only to retrace to about $53K a number of days later on. Most of the altcoins followed suit, though some came out of it better than others.


Bitcoin is up by a little 2%over the past week as it trades at the $59,000 level. The cryptocurrency had risen greater last weekend to set

a brand-new ATH at$61,781. It was trading inside an ascending cost channel for most of March till it hit the ATH over the weekend. From there, Bitcoin started to fall at the start of the week. Initially, it discovered support at $55,465(.382 Fib)on Monday however continued to spike lower into$53,500(.5 Fib)on Tuesday. Thankfully, the day-to-day candle light for Tuesday closed above $55,465, and it allowed BTC to rebound from there, Yesterday, BTC surged greater to $60,000 however eventually closed the everyday candle light at $58,000.

Today, it is now pushing$59,000. Looking ahead, the first level of strong resistance lies at $60,000. This is followed by $61,780(ATH rate)and$62,500. Extra resistance lies at $65,000, $66,000, and $67,500.

On the other side, the very first level of support lies at $58,000. This is followed by $55,465 (.382 Fib), $55,000, $53,500 (.5 Fib), and $51,540 (.618 Fib).

BTC/USD Daily Chart. Source: TradingView Ethereum basically moved sideways today as it trades along with the support at$ 1755. The coin was trading at

this level last Friday but handled to surge above $1900 over the weekend. Nevertheless, as Bitcoin began to drop on Monday, Etheruem also headed lower till finding support at$ 1755. It has now traded between$1755 and $1875 for the

past fortnight(besides the weekend spike higher)and must break this variety to dictate the next instructions – for the market. Looking ahead, the first level of resistance lies at$1875(1.414 Fib Extension – yellow). This is followed by resistance at $1900, $1960 (1.272

Fib Extension & All-time high day closing cost ),$2000, and $2036(ATH). On the other side, the very first level of support lies at $1755. This is followed by$1695 (.382 Fib),

$1620(.5 Fib ),$1540(.618 Fib), and$1425(previous ATH).< img class=" size-full wp-image-109516"src ="https://cryptopotato.com/wp-content/uploads/2021/03/ethusd-mar19.png" alt= "ethusd-mar19"width ="2908"height= "1882 "srcset= "https://cryptopotato.com/wp-content/uploads/2021/03/ethusd-mar19.png 2908w, https://cryptopotato.com/wp-content/uploads/2021/03/ethusd-mar19-300x194.png 300w, https://cryptopotato.com/wp-content/uploads/2021/03/ethusd-mar19-1024x663.png 1024w, https://cryptopotato.com/wp-content/uploads/2021/03/ethusd-mar19-768x497.png 768w, https://cryptopotato.com/wp-content/uploads/2021/03/ethusd-mar19-1536x994.png 1536w, https://cryptopotato.com/wp-content/uploads/2021/03/ethusd-mar19-2048x1325.png 2048w, https://cryptopotato.com/wp-content/uploads/2021/03/ethusd-mar19-50x32.png 50w "sizes ="(max-width: 2908px)100vw, 2908px"/ > ETH/USD Daily Chart. Source: TradingView Etheruem has actually likewise moved sideways this past week versus BTC. It was trading at assistance around 0.0305

BTC last Friday but managed to push into the resistance at the 200-day EMA during the week. Regrettably, it could not close a daily candle light above the

200-day EMA at around 0.0321 BTC and ended up rolling over the previous couple of days. It dropped up until assistance was found at 0.0305 BTC again yesterday and has considering that pressed slightly greater to 0.0309 BTC. Looking ahead, the & very first level of resistance lies at 0.0318 BTC(Dec 2020 highs).

This is followed by resistance at 0.0321 (200-days EMA), 0.0337 BTC (March 2019 lows & 100-days EMA), and 0.035 BTC( March resistance). On the other side, the first level of assistance lies at 0.035 BTC (.886 Fib).

This is followed by 0.03 BTC, 0.0295 BTC, 0.0289 BTC, and 0.0284 BTC(Feb 2020 Highs). ETH/BTC Daily Chart. Source: TradingView Ripple XRP saw a small 4.5%price trek this week as it presently trades at$0.47. The cryptocurrency fell beneath $0.45 recently as it found support at the 100-day EMA at around$0.42. Throughout the week, XRP began to push greater and even handled to increase higher above $0.5 on Tuesday. Sadly, it was unable to sustain these highs and has actually since dropped to

$0.45. Looking ahead, the very first level of resistance lies at$ 0.5. This is followed by $0.556 (2019 highs), $0.6, and$ 0.647 (bearish.786 Fib Retracement).

On the other side, the very first support lies at$0.452(.5

Fib). This is followed by $0.42( 100-days EMA),$0.401(.618 Fib), and$ 0.37 (200-days EMA ). XRP/USD Daily Chart. Source: TradingView Against Bitcoin, XRP is trying to recover from last week’s cost fall when it dropped beneath 1000 SAT to reach the support at 742 SAT. Over the previous 7 days, XRP has actually & pushed higher but has actually been unable to move much even more above 800 SAT, where it presently trades. Looking ahead, the very first level of resistance lies at 867 SAT (the upper limit of January’s trading range).

This is followed by resistance at 900 SAT, 1000 SAT, and

1200 SAT(December 2017 lows & 100-days EMA)

. On the other side, the first level of assistance lies at 742 SAT. This is followed by 700 SAT, 670 SAT (lower border of January trading range), and 600 SAT.< figure id="attachment_109513"aria-describedby ="caption-attachment-109513"design ="width: 2908px "class= "wp-caption aligncenter"> XRP/BTC Daily Chart. Source: TradingView Binance Coin Binance Coin saw a sharp 7%rate fall over the last week as it currently sits at$266. The cryptocurrency had actually been trading at$295 at the start of the week as it started to drop lower and headed beneath assistance at$262(.382 Fib Retracement)

. After breaking underneath this assistance, BNB managed to bounce from the assistance at the lower boundary of the in proportion triangle it is currently trading within. BNB will require to break one of the limits of this triangle to dictate the next instructions for the market moving forward. Looking ahead, if the purchasers break the upper limit of the triangle, the first level of resistance lies at$295

. This is quickly followed by resistance at $300, $326( 1.272 Fib Extension), $348(1.414 FIb Extension & ATH), and $380(1.618 Fib Extnesion). On the other side, the very first level of support lies at the lower border of the triangle at$250. Below this, assistance lies at $236 (.5 Fib), $225, and $210(.618 Fib).

Included assistance lies at$200,$172(.786 Fib), and$160(100-days EMA).< img class=" size-full wp-image-109510 "src ="https://cryptopotato.com/wp-content/uploads/2021/03/bnbusd-mar19.png"alt =" bnbusd-mar19 "width ="2908" height ="1882 "srcset ="https://cryptopotato.com/wp-content/uploads/2021/03/bnbusd-mar19.png 2908w, https://cryptopotato.com/wp-content/uploads/2021/03/bnbusd-mar19-300x194.png 300w, https://cryptopotato.com/wp-content/uploads/2021/03/bnbusd-mar19-1024x663.png 1024w, https://cryptopotato.com/wp-content/uploads/2021/03/bnbusd-mar19-768x497.png 768w, https://cryptopotato.com/wp-content/uploads/2021/03/bnbusd-mar19-1536x994.png 1536w, https://cryptopotato.com/wp-content/uploads/2021/03/bnbusd-mar19-2048x1325.png 2048w, https://cryptopotato.com/wp-content/uploads/2021/03/bnbusd-mar19-50x32.png 50w"sizes=" (max-width:

2908px) 100vw, 2908px “/ > BNB/USD Daily Chart. Source: TradingView BNB has been fairly fixed versus Bitcoin over the past week. It did drop from above 0.005 BTC last Friday to reach assistance around 0.0045 BTC (.5 Fib). It has held this assistance over the past week of trading. Looking ahead, if the bears drop BNB underneath 0.0045 BTC, the very first level of support lies at 0.00406 BTC (.618 Fib ). This is followed by assistance at 0.004 BTC,

0.00387 BTC, 0.00338 BTC(.786 Fib ), and 0.00316 BTC (Sep 2020 Highs). On the other side, the very first resistance lies at 0.005 BTC.

This is followed by 0.0055 BTC, 0.0056 BTC, and 0.006 BTC. BNB/BTC Daily Chart. Source: TradingView Cardano is up by a strong 14 % over the

past week as it currently trades at$ 1.28. The coin was at around $1.05 last Friday as it began the weekend by trading sideways. Most of the gains began Tuesday when Cardano rose from$1.00 to reach $1.25. It continued higher through Wednesday and Thursday to reach as high as $1.47. Sadly, it might not close an everyday candle above resistance at $1.37 (1.414 FIb Extension) and fell from there today to reach the assistance at$1.22(.5 Fib). It has considering that bounced higher slightly as it trades at $1.27. Looking ahead, the very first level of resistance lies at$1.37(1.414 Fib Extension ). This is followed by$ 1.46 (1.618 Fib Extension), $1.50, and $1.62 (1.272 Fib Extension). Added resistance lies at $1.70, $1.74, and $1.80.

On the other side, the very first level of support lies at $1.22 (.5 Fib). This is followed by $1.17 (.618 Fib), $1.10, and $1.00.

< img class=" size-full wp-image-109512 "src="https://cryptopotato.com/wp-content/uploads/2021/03/adausd-mar19.png" alt ="adausd-mar19" width ="2908"height ="1882"srcset ="https://cryptopotato.com/wp-content/uploads/2021/03/adausd-mar19.png 2908w, https://cryptopotato.com/wp-content/uploads/2021/03/adausd-mar19-300x194.png 300w, https://cryptopotato.com/wp-content/uploads/2021/03/adausd-mar19-1024x663.png 1024w, https://cryptopotato.com/wp-content/uploads/2021/03/adausd-mar19-768x497.png 768w, https://cryptopotato.com/wp-content/uploads/2021/03/adausd-mar19-1536x994.png 1536w, https://cryptopotato.com/wp-content/uploads/2021/03/adausd-mar19-2048x1325.png 2048w, https://cryptopotato.com/wp-content/uploads/2021/03/adausd-mar19-50x32.png 50w" sizes="(max-width: 2908px)100vw, 2908px"/ > ADA/USD Daily Chart. Source: TradingView ADA is carrying out well against Bitcoin likewise as

it bounced from the support at the 1800 SAT level at the start of the week and managed to press as high as 2500 SAT the other day. It has given that dropped lower today as it now trades around 2177 SAT. Looking ahead, the very first level of resistance lies at 2295 SAT. This is followed by 2455 SAT (July 2018 HDC),

2645 SAT (bearish.618 Fib ), 2800 SAT, and 2888 SAT(bearish.786 Fib). On the other side, the very first assistance lies at 2000 SAT. This is followed by 1950 SAT, 1800 SAT, 1600 SAT (July 2020 High), and $425 SAT (.786 Fib).

ADA/BTC Daily Chart. Source: TradingView