XRP recently saw a 40 percent increase, Ethereum is surging, and Binance coin is approaching all-time highs.
Bitcoin continues to make new highs after breaking above $6,450 on Apr.
At the time of writing, XRP traded above $0.45, which is very close to the ultimate target given by this pattern.
IOTA could be about to make a higher high if it is able to break above $0.39.
On Apr 20, 2019, Binance coin made a new all-time high when it rose all the way up to $25.5.
Now after a pullback to the $18.5 support level, it was able to bounce back above $20. BNB could be about to reach higher highs if it is able to trade above $25.5, which could set the stage for a major bull run of this cryptocurrency.
On the 4-hour chart binance coin is trading within an ascending parallel channel.
A break above the channel could give it a big push to new highs while a break below the channel could set it back below $20.Are altcoins catching up to bitcoin?
At this point, it seems like they could reach higher highs, especially Binance coin.
These all support the case that altcoins are starting to follow Bitcoin's lead. Disclaimer: None of the information above should be construed as investment advice.
Altcoins pop as bitcoin consolidates, analysis of Ethereum, XRP, IOTA, and Binance Coin
Publicado en May 15, 2019
by Cryptoslate | Publicado en Coinage
Coinage
Mencionado en este artÃculo
Noticias recientes
Ver todo
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.