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After failing to curb the growing popularity of cryptocurrencies through their warnings, central banks have been downgrading to fund anti-crypto campaigns. This will only reduce confidence in central banks and encourage new investors to enter the crypto world.

At the same time, the Venezuelan government plans to launch a new cryptocurrency called petro. Each new coin will be supposedly backed by a barrel of oil. However, there is a big question about the credibility of the central bank that issues the petroleum. Analysts believe that the petro is most likely not to bring the expected results.

On the other hand, Bitcoin continues to attract significant investment. After the recent fall, there are reports of a shopkeeper buying about $ 400 million worth of Bitcoin between February 9th and February 12th.

People are gradually becoming positive about Bitcoin once again. Shark Tank's Robert Herjavec believes Bitcoin will reach its peak of $ 20,000 in the short term in mid-December 2017.

Let's see what the chart says.

BTC / USD

The traders who follow us hold long positions that kicked off on February 15th. We recommended 50% SMA profits for 50 days, and most traders should have sold when Bitcoin reached $ 11,448.99 yesterday. , Feb. 18.

We also recommended to drag the remaining positions with an appropriate stop loss. As each trader has a different trading strategy, we have not provided a specific stop loss.

<img alt=" BTC / USD "src =" https://cointelegraph.com/storage/uploads/view/06c2498bd1c867339d7dcd57964ec184 .png "title =" BTC / USD "/> The BTC / USD pair is trading inside an ascending channel, as long as it trades over the chain support line, it can reach levels of $ 12,000

In the case of a fall, the rising channel support line and 20-day EMA will serve as a solid support. If these two levels break, the price could drop to $ 8,400. traders still at 50% keep the stop loss at $ 9,800

We do not recommend closing the full position as Bitcoin will become positive once it will have survived over the descending channel.

ETH / USD

Ethereum approached the 50-day SMA yesterday, Feb. 18, reaching a high intraday of $ 979, near e goal of $ 1,000. Hope traders would have profits on 50% of the positions.

<img alt=" ETH / USD "src =" https://cointelegraph.com/storage/uploads/view/ebf016ef66085ca3a3df9eb44b8584f9.png "title =" ETH / USD "/> In the past four days, the ETH / USD pair has supported 900 levels. Therefore, we recommend to increase the stop loss on the remaining position from $ 775 to 900. The target goal is a move to the line of resistance

If the bulls manage to get out of the canal, it is likely that the passage to 1,200 dollars is possible, but if the falls are below 900 dollars, there could be drops at $ 780

BCH / USD

Our goal on Bitcoin Cash was a 50-day SMA rally, close to $ 1800, but yesterday, February 18, it dropped by $ 1,639,251 levels

<img alt=" BCH / USD "src =" https://cointelegraph.com/storage/uploads/view/22f8cb280aec72bd7c69302 b7594f09a.png "title =" BCH / U SD "/> Our initial stop loss was set at $ 1,100. We want to bring this loss down to $ 1,400, because if most cryptocurrencies were to fall, the BCH / USD could do the same. On the upside, please reserve partial profits above $ 1,750 and hold the rest with a loss of follow up for a goal of $ 2,000.

XRP / USD

Contrary to our expectations, Ripple continues to evolve in a narrow range. He did not participate in pullback like other cryptocurrencies. The only consolation is that it stays above the 20-day EMA for the past four days.

<img alt=" XRP / USD "src =" https://cointelegraph.com/storage/uploads/view/ We had suggested an initial stop loss of $ 0.86, but we should increase this stop because if the major currencies turn down, the XRP / USD pair will please increase stops on the full position to $ 0.95.

If the narrow range resolves upward, please reserve profits on 50 percent position at $ 1.45. Trail the remaining position for a second target goal of $ 1.74

XLM / USD

Stellar has also been stuck in a narrow range over the past four days, trading at a level close to our levels suggested purchase of $ 0.45

<img alt=" XLM / USD "src =" https://cointelegraph.com/storage/uploads/view/01b6ea105f4a1aab34090627b4d1cd57.png "title =" XLM / USD "/>

We expect a move up the range to $ 0.63, but for that, the XLM / USD pair will have to come out of the SMA at 50 days

A the decline, the supports are at 20-day EMA, the horizontal line at $ 0.41, and the channel line at $ 0.38

For the time being, s & Please maintain the stop loss at $ 0.30 on a daily basis (according to UTC) .We must consider raising it in a few days.

LTC / USD

In our previous analysis, we recommended to book profits on 50% positions at $ 240, and Litecoin reached an intraday We hope the traders would have sold half of their established positions at $ 180.

<img alt=" LTC / USD "src =" https://cointelegraph.com/storage/ uploads / view / 356cdbdb6d83710b4ffcae8c3443a578.png "title =" LTC / USD "/>

Since four days, the LTC / USD is trading in a range of about $ 208 to $ 240. We anticipate a rally at $ 270 and then at $ 307

Our stop loss is currently at 39 balance, we want to reduce our risks and pocket some of the paper profits.should raise the stops on the remaining long positions from 50 percent to $ 200.

ADA / BTC

We have was bearish on Cardano for the p few days because he broke down the bearish bear triangle pattern.Although a decline in the degradation levels of 0.00004070 is possible, the cryptocurrency remains negative as long as it trading below the downtrend line of the descending triangle.

[1 9459003] <img alt=" ADA / BTC "src =" https: //cointelegraph.com/storage/uploads/view/aa589145e2d80c6928ee996bfe122aea.jpg "title =" ADA / BTC "/>

The ADA / BTC Pair should slide to the next support level of 0.0000246. to be invalidated if the digital currency comes out of the downtrend line, as a failure of a bearish model is a bullish sign.

NEO / USD

As NEO negotiates inside a descending triangle, we recommended a quick exchange with a long at $ 121 and a target goal of 39, a rally to the descending trend line of the descending triangle.

<img alt=" NEO / USD "src =" https: // cointelegraph. The NEO / US D pair reached our target on February 17th, peaking at $ 138.35 , where the traders must have closed their positions.

An attempt by the bears to sink the cryptocurrency failed on February 18. to exit the downtrend line of the descending triangle, which invalidate the model If the bulls support the break, we could see a rally at $ 169

Down, moving averages and the horizontal line at $ 120.33 could act as a solid support.

EOS / USD

As expected, EOS declined the downtrend line yesterday, February 18. The 20-day EMA is at $ 9.76, and the 50-day SMA is $ 10.8

<img alt=" EOS / USD "src =" https://cointelegraph.com/storage/upl oads / view / 5e814092b43045aad6c5f05f058b1263.png "title =" EOS / USD "/>

We think the bulls will face strong resistance in the market. As a result, traders can initiate long positions over $ 11. , if the EOS / USD pair maintains the level for four hours, the upside target is a $ 15 rally. the loss can be placed at $ 8.8.

Market Data is Provided by HitBTC Exchange Charts for analysis are provided by TradingView.