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Market data are provided by the HitBTC Exchange.

After a massive sale early this year, cryptocurrencies are trying to pull out. Among the best pieces, Litecoin attracted all the attention with favorable news and a coming range on February 18th.

At the same time, Western Union, one of the oldest money transfer companies, confirmed that it is testing the settlement system based on the Ripple Blockchain

George Soros, who previously described cryptocurrency as a "typical bubble," invested in Overstock through his investment fund. Overstock is one of the most pro-cryptocurrency companies, and its stock price has increased dramatically as cryptocurrencies have skyrocketed

This shows that traditional companies are slowly recognizing the value of technology blockchain

However, some elders are still skeptical about cryptocurrence and the latest to express his opinion is Berkshire Hathaway Vice President Charlie Munger, who called Bitcoin "totally asiaceous".

Nevertheless, as traders, we offer an opportunity, we take it. Let's see if we find interesting pieces today.

BTC / USD

Our recommendation for a long position on Bitcoin was triggered on February 15th. The traders, who follow us, would have come in between $ 9,500 and $ 9,700. We had anticipated that once the cryptocurrency was detached from air resistance, it would have rallied to the 50-day SMA. But the price action above $ 9,500 has not been encouraging.

<img alt=" BTC "src =" https://cointelegraph.com/storage/uploads/view/7d4c07983bfe0feff812bda8bc4a9977.png "title =" BTC "/>

We prefer escapes as well as soon as possible, take momentum once the resistance zone has been cleared, in which case the BTC / USD pair is faced with selling pressure on the resistance line, as shown in the table

If the cryptocurrency holds the resistance line, it is likely to continue trading in the ascending channel and reach the SMA at 50 days, where traders can earn profits on 50% of their positions and retain the remains with a goal of $ 12,500.

Bitcoin runs the risk of an attack from the bear as long as it is trading inside the descending channel, therefore we want to reduce the risk of loss by 50% to $ 8,600 level of $ 7,800 mentioned above

ETH / USD

Ethereum triggered our buying levels on February 14th. But, he also failed to expand his withdrawal. He came in on a small day last night, February 15, and follows another short day today, February 16.

<img alt=" ETH "src =" https://cointelegraph.com/storage/uploads/view/4e3a02da22c12d3b09fe2fb4aeecf1c5.png "title =" ETH "/>

While the ETH / USD Our first goal was to move to the 50-day SMA, currently close to the $ 1,000 mark, followed by a $ 1,050 rally

stop loss rest at $ 775 because we do not find any higher logical stop loss level.

BCH / USD

Bitcoin Cash broke the resistance zone and set off our buying levels We are waiting now a 50-day SMA rally at $ 1,818, followed by a $ 2,000 move.

<img alt=" BCH "src =" https://cointelegraph.com/storage/ uploads / view / e38d61ce5573c16c3cfddf102ce0a562.png "title =" BCH "/>

Getting out of the long term bearish trend line and the EMA at 20 days is a bullish sign. But if other cryptocurrencies fall, the pair BCH / USD may also have trouble to rally.

Therefore, we retain the stop loss at $ 1,100, below which a drop to $ 854 is likely.

XRP / USD

The shock wave rose above our suggested purchase level on February 14. Despite our opinion, it has entered a narrow range since February 15th.

<img alt=" XPR "src =" https://cointelegraph.com/storage/uploads/view/633a281ab658a113fa9fa3d3316a05d7.png "title =" XPR "/>

Like the XRP / USD continues to trade above the US We anticipate that the 20-day EMA will accelerate and quickly reach the $ 1.5 levels, where traders can earn profits on 50% positions , the remaining positions that can be tracked to achieve the goal of $ 1.74

The display will be invalidated if the cryptocurrency falls below the stop loss of 0.86 $

XLM / USD

Stellar was seconded from the descending channel and triggered our purchase level at $ 0.45, breaking it down to $ 0.41, we expect to move to the resistance level above $ 0.63

<img alt=" XLM "src =" htt: //cointelegraph.com/storage/uploads/view/6a8ac4c21ac027efd403f 199597c2351.png "title =" XLM "/>

As long as the XLM / USD pair is holding above the 20-day EMA and levels of $ 0.41 Therefore, we recommend to maintain the position with the suggested stopping loss of $ 0.30 on a daily basis (according to the UTC)

LTC / USD

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Yesterday, the February 15, Litecoin continued its upward movement, emerging from the modest resistance to overhead at $ 214,483. Our readers are long from $ 180 levels. We had planned a $ 242 rally, and yesterday, cryptocurrency reached $ 239,705, very close to our target.

<img alt=" LTC "src =" https://cointelegraph.com/storage/uploads/view/c21471c38d27e9738585c2fc045cd314.png "title =" LTC "/>

We believe that as long as the LTC / USD pair remains above the $ 214,483 levels, it is on target to reach $ 242, $ 270 and subsequently $ 307 is likely

Thus, traders should reserve 50 % profit at $ 240 and keep a stop loss on the remaining position.

For now, we suggest to increase We do not lose money on the trade

ADA / BTC

Cardano finished the decomposition of the bearish bear triangle into a single support at 0.00003700, below which a fall to 0.0000246 is likely.

<img alt=" ADA "src =" https://cointelegraph.com/storage/uploads/view/3c75b029e772647a801c754c5a79217f.png "title =" ADA "/>

The ADA / BTC remains negative as long as it is trading below the resistance of 0.00004070.

We should become positive on cryptocurrency if it gets out of the downtrend line of the descending triangle.

NEO / USD

Our long position on NEO at $ 121, suggested in the previous analysis, was triggered on February 14th.

<img alt=" NEO "src =" https: //cointelegraph.com/storage/uploads/view/4f0d1302298c28214bd659111db75d57.png "title =" NEO "/>

Yesterday, February 15 , the bears' efforts to push the NEO / USD pair below the support of $ 120.33 failed.This shows that bulls provide support at lower levels.

Our goal is a move to the line from descending tendency of descending triangle We recommend to increase the stop loss from $ 100 to $ 107. does not want to hang on to trade if it falls below the levels of $ 120.33

EOS / USD

EOS is currently facing 20-day EMA resistance.The downtrend line is likely to face resistance, but the 50-day SMA is located just above the downtrend line.

<img alt=" EOS "src =" https: // cointel egraph.com/storage/uploads/view/d3ca72d9b6c4b76bff3ae69ebafd1e13.png "title =" EOS "/>

Since there is a confluence of resistance in the area from $ 9.8 to $ 10.7, we do not suggest any trade. We should buy once the pair EOS / USD will come out of this zone of resistance

Market data are provided by the exchange HitBTC ; charts for analysis are provided by TradingView.