Bitcoin (BTC), Stellar (XLM), Cardano (ADA) – The market continues to alternate in uptrend and down trend. Already many are quick to indicate that the longest crypto winter in BTC’s short history has ended. Others indicated the opposite, that soon the small bubble will burst again and after 10 days Bitcoin will fall to a level around three thousand mark. Let’s see what can happen.
Bitcoin (BTC) Price Prediction For Q1
At the time of writing, the cryptocurrency has lost 0.01% market dominance, going from 50.9% to 50.8% in the last 24 hours. However, the market capitalization in general remains at a good level with over $140 trillion dollars.
Bitcoin for its part, at the time of writing, is quoted $4046.41 USD with a slight contraction of -0.20% and a 24 hours volume of almost $10 billion to continue to dominate the course of the market.
The Bitcoin bulls continue to push the resistance in 4K. It still seems like a move towards $4130 and possibly $42xx.
According to the 1D chart on Coinbase, the end of this quarter may present a bullish result before a slight depreciation would be witnessed in the price of Bitcoin to a level of $ 3800.
Our EMA indicators project a bullish cross in relation to the current moment, and the fact that the EMA 25 line passed over EMA 100 for the beginning of the following week.
If so, the Elliot Wave Correction pattern projects a price of $4188.92 (blue line) for the end of the month as a result of the double ceiling formed in the blue band of key resistance.
The predicted behavior is confirmed by the Stochastico indicator, which went out of the purchase zone to the “overbought” zone. If it exceed 80 a boost in Bitcoin price could be experienced again, as predicted by the indicated average exponential mobile (EMA).
For now, Bitcoin struggles to stay and surpass the key resistance zone in the $4110- $4285 range till the end of Q1 2019.
A worse scenario, would bring the prices back to levels of $3750 – $3550, with strong support at $3327.95.
In the short term according to the 1H chart, a correction for BTC is the one that can dominate due to manipulation, long liquidations, then, zone 3980/4000 must be maintained in this case.
The previous scenario is confirmed by the Aroon indicator, with its projection to the south when drafting its two flow lines to terminate the next cyclic movement.
Stellar (XLM) Price Prediction For Q1
Stellar (XLM) managed to beat the forecasts of our last post, beating the resistance of $0,1142 projected at that time.
At the time of writing, Stellar (XLM) is quoted at $0.111, with a reduction of 2.56% in the last 24 hours, as it keeps stalking Binance Coin (position 7) with about $2.1 billion market capitalization.
The movement of the XLM is more than evident that a price correction has originated in recent days by the withdrawal of long profits of investors who bet on its rise a week ago.
In the short term, for the next few hours the panorama of Stellar is not encouraging. XLM is expected to meet Elliot’s projected pattern to fall to original levels of S1 ($ 0.108) at point ‘5’, after reaching maximums of its new resistance (R1).
The Stochastic indicator projects an entry to the oversold zone generated by speculation for the withdrawal of profits.
The Aroon indicator, meanwhile, leaves us with the domination of the bears, when their DownTrend (red line) goes up to high levels.
By the end of Q1 2019, the outlook for XLM would be a bit more encouraging. It is expected that the lumens achieve an upward movement in relation to the price, according to the projected pattern 12345.
Its price for the end of Q1 2019 should be close to the level of immediate R1: $ 0.133 per unit.
The Chaikin Money Flow (CMF) indicator still maintains a levels of capital inflow greater than expenditures, which is why it is a good indicator.
For its part, the crossing of EMA 25 projected above the line of exponential moving average 100, gives us a bullish outlook for the rest of the current month.
Cardano (ADA) Price Prediction For Q1
The cryptocurrency has in the last few days seen advances from its pronotic forecast for mid-April 2019, according to our last post about ADA.
At the time of writing, it is quoted in the middle of a bullish rally with $0.053 price and a growth of 5.89% in the last 24 hours. Its market capitalization allows it to be firmly anchored in the eleventh position of the general ranking of cryptocurrencies with $1.38 Billion.
By the end of the month, the ADA is expected to comply with the projected ABCDE pattern for an average price reached of $0.0574, very close to levels of R1 ($ 0.062); which does not seem unlikely that it can reach by the end of Q1 2019.
The upward crossing of EMA 25 for the next few hours promises additional percentage points of profit for the investors of this altcoin.
The Chaikin Money Flow (CMF) indicator reaffirms the previous pattern, moving with support towards high levels of 0.2-0.3, meaning of the strong capital inflow into the Cardano ecosystem.