Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis, April 16

The resistance of the range is still not final because if the bulls break above the 50-day SMA, the next move will carry the BTC/USD pair to $9,400 levels.

If either of the levels hold, the bulls will again try to push the ETH/USD pair towards the 50-day SMA. Therefore, traders can go long on dips with a stop loss below $355. The 20-day EMA is turning up, which shows the possibility of either a range bound action or the start of a new uptrend.

The 50-day SMA has not acted as a major resistance previously we expect a rally to $1114 levels.

We have propose a stop loss at $610. XRP/USD Ripple is finding it difficult to break out of the 50-day SMA. The bears should now attempt to sink the digital currency below $0.56270 levels once again.

XLM/USD Stellar broke out and closed above the descending channel on April 15, triggering our recommended buy levels.

If price turns down from the current levels, we may expect a range bound trading action for a few days.

The successful retest of the breakout levels at 0.00002460 on April 14 and the subsequent bounce is a positive sign.

NEO/USD Our suggested long position on NEO is live from the levels of $64 that triggered on April 12.

Traders should hold the position with the stop loss at $44. We shall close the position earlier if the critical levels break down.

We anticipate a strong bounce from these levels, which should again propel the EOS/USD pair towards its target objective of $11. If the 20-day EMA and the 50-day SMA supports break down, we might close the positions without waiting for the stops to be hit.