Altcoin-market analysis KW10 – Binance Coin surges ahead, Tron is losing ground

the entire market capitalisation slumped this week to 126 billion dollars. While Binance Coin has a price jump of eleven per cent, of the Tron rate of ten percent.

Dr. Philipp Giese
4. March 2019BTC$3.712,80 -2.25%part Facebook Twitter LinkedIn xing mail

shows the price development of the ten-crypto with the highest market capitalization:

once Again, we are currencies in a Since - until downward movement is caught. The price of Bitcoin came up again at the same rate as in the previous week and also the majority of other crypto-currencies showed little movement. Exceptions to the Binance-Coin-rates on the one hand, and the Tron form-course on the other side: the Former was up eleven percent, while the latter almost had to give the same area. Binance Coin was able to climb according to the Top 10 high-and Stellar from the eighth encounter.

The majority of crypto-currencies within the Top 10 split sideways movement has led to a barely visible Change in the market capitalization of 128 billion dollars to 126 billion dollars.

For five of the crypto-currencies on bearish estimates, EOS, Litecoin and Stellar, the Situation looks neutral and only for Binance Coin, the Sentiment is bullish. According to a Short Position for the majority of rather, for Binance Coin, you can enter a Long Position and for the crypto-currencies with a neutral assessment, one should wait and see how the price behaves at Support or Resistances.

Best price development: Binance Coin (BNB)

Since the beginning of 2019, the Binance-Coin-price is now holding above the moving average of the last 20 weeks. Meanwhile, this MA20 could even on the sliding average of the last 50 days are on the rise. Finally, the course could rise above the Plateau, which shaped the course of September to mid-November. All characters speak for a further positive development.

A positive, slightly decreasing MACD together with RSI at 64 and a high Aroon-Up Signal to a bullish evaluation. After a Rise about the Resistance 12,03 dollars a Long offers Position, the first Target is 13,70 dollars. As a Stop Loss can be based on the Peak in mid-February, and 11 and 16 dollars to make a start. Should the share price fall below the Support at 9,68 US Dollar, a Short Position. In this case, a suitable Target would be at 8,04 US Dollar and a Stop Loss at 10,56 dollars.

Worst course development: Tron (TRX)

Currently familiar with the Tron course only one direction and that is downward. After the course was able to rise at the beginning of December on the moving average of the last 20 weeks, began in early February, the Stumble. The rate fell below the MA20. Currently the price is testing the moving average of the last 20 days described Support.

Read also: Bitcoin, Ethereum, and Ripple – rate analysis KW01 – sideways motion builds pressure on

The MACD is falling and is currently below Zero. Also, the RSI is far in the bearish area, and will soon fall below the 30. The Aroon-Down Signal is set to 100 and the Aroon-Up Signal falls to under 40. Overall, therefore, bearish evaluation, so that currently more of a Short Position. As the Entry Point of the first Support approximately 0,021 US Dollar, while the first Target is 0,015 US dollars. As a Stop Loss can be based on the MA50 and 0,022 US Dollar. Only from a rise about the Resistance at 0.027 US Dollar a Long Position. For the Stop Loss we choose 0,024 dollars, while a first Target is 0.030 in.

the stability of the Top 10

Between Ethereum and XRP it is again in brief: A rise in the rate of good six per cent would raise XRP on Ethereum. The Bitcoin to Cash exchange rate should fall by a further seven per cent, it would Tether back to his body. Finally, the Bull Run Binance Coin has moved in the vicinity of Stellar: Only one percent separates the Market capitalisations of the two crypto-currencies. Finally, the current uncertainty of Tron, it is worth mentioning: Should the Tron course would take its downward trend to continue, and a further eleven per cent fall, Cardano the tenth place within the Top 10.

winners and losers of the week

an Average of the crypto-currencies of the Top 100 have risen by five per cent and have something to performs better than Bitcoin. Winner of the week Ravencoin and Enjin Coin, which could double your rates more than. Ravencoin will benefit from a Listing on Vertbase, while Enjin Coin consume certainly still the rumors of a Samsung-Integration. Loser of the week Ontology and Electroneum, both of which had to give up more than fifteen percent of their courses.

40 percent of the Top 100 crypto-currencies have worse performing than BTC. The market share remained at 52 percent.

Disclaimer: The information on this page is the illustrated rate estimates do not constitute buy or sell recommendations. They are merely an assessment of the analysts.

table data on the Basis of coingecko.com

the chart images on the Basis of the data of bitfinex.com

USD/EUR exchange rate on the cut-off: 0,88 euros.

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