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Market data are provided by the HitBTC Exchange.

The volume of Bitcoin trade is languishing at about half the average observed during its peak in December. While a few believe that this is a sign of a bear market that is approaching Bitcoin, we do not agree with this point of view.

During the frenzy, as in December of last year, it is natural to have an increase in volume because traders throw caution out the window and invest using the effect of the sink. In addition, during a bullish bull market, many newbies enter the markets to earn money quickly. A combination of these leads to a peak in volume.

When prices fall, most beginners are stuck with their positions because they rarely use a stop loss. Many of them would also have bought in a falling market, exhausting their buying power. The only option they see now is to keep up until the market gets better. This part of the volume will not come back until a price reaches the December highs.

Conservative traders do not venture into a declining market either because it is always better to trade in a bullish market. . These two reasons combined led to a decrease in volume.

Although we keep an eye on the volume, we should not worry about this because we analyze the price action and use it for our trading decisions.

BTC / USD

In our previous analysis, we recommended making profits on the half positions around $ 10,700 and ending the rest because a break in the resistance zone from $ 11,400 to $ 12,200.

<img alt=" BTC "src =" https://cointelegraph.com/storage/uploads/view/bb895f468b26b1d6342001320da255cf.png "title =" BTC "/>

Currently, bulls are trying to get out of the descending channel and get closer to the neck of the inverted model of H & S. Moving averages are at the limit of a bullish cross.

All of this indicates that bulls As a result, the odds are that the price will continue to rise in the trend chain.The BTC / USD pair will gain momentum above $ 12,200

However, as traders, we need to be ready for any turn of events.If prices fail to come out of $ 12,200, it is likely that cryptocurrency will become between $ 9,500 and $ 9,500. $ 12,200 for the next few days.

Therefore, traders should carefully monitor the priced at $ 12,200 they find that Bitcoin is not able to get out of it.

ETH / USD

The Ethereum is underperforming. In the past five days, he has struggled to get out of the 20-day EMA. In our previous analysis, we had asked traders to raise their stops at half the balance and keep the rest with a stop at $ 780.

<img alt=" ETH "src =" https://cointelegraph.com/storage/uploads/view/a305dc3ad34cdda6369b0d8d9e5b1b23.png "title =" ETH "/>

If l & # 39; ETH / USD The pair breaks and remains below the trend line of the ascending triangle, it will be a bearish development, which can go down to $ 780, which allows traders to increase stops from the full position to about $ 830.

The first sign of a positive move will be when the cryptocurrency will come out of the 20-day EMA, but it will only take off after bursting and lasting more than $ 980

BCH / USD

Bitcoin Cash continues to trade between $ 1,150 and $ 1,355, and the more it moves in this range, the stronger the breakout

<img alt=" BCH "src =" https://cointelegraph.com/storage/uploads/view/e9ddc196733e1c937347 0dc6504c1a05.png "title =" BCH "/>

traders can buy the break and close (UTC) above the levels of $ 1,355 with a stop loss of $ 1,125. Although the goal of the break-up of the range is only $ 1,560, we believe that the BCH / USD pair will recover to $ 1,600 and then to 1,800.

Our Bullish Opinion will be invalidated if the price collapses from the range.

XRP / USD

The buyers seem to have abandoned Ripple because over the last eight days it has been trading between $ 0.85 and $ 0.98669. ] XPR "src =" https://cointelegraph.com/storage/uploads/view/aa0ccedef6478d53f66de5f06b0c9dc9.png "title =" XPR "/>

If XRP / USD comes out of the range, it is likely to move to levels of $ 1.12 where it will face the resistance of the SMA at 50 days.Once above this level, a move to 1.23 is likely.

On the other hand, a breakdown of the levels of $ 0.85 can push We are not sure of the direction of the next move, therefore, we mentioned the result for both possibilities.

XLM / USD

The bears continue to dominate the market and Stellar is currently at a critical support of $ 0.32, and if that level is broken, he could fall on the downhill support line. predict that it will face strong support between levels of $ 0.20 to $ 0.22.

<img alt=" XLM "src =" htt ps: //cointelegraph.com/storage/uploads/view/74e77f86e791bf677a28dd2dc8145376.png "title =" XLM "/>

On the contrary, if the bulls manage to defend the levels of $ 0.32, the # 39; 20-day EMA and 50-day ADM are likely to offer strong resistance to any recoil.

We will change our outlook to bullish if the XLM / USD pair maintains levels above $ 0.48.

LTC / USD

Litecoin is one of the few pieces that trades over moving averages We were very optimistic, but we were wrong because that it did not allow us to move We had recommended traders to buy close to $ 200 on February 23 and in our previous analysis, we had suggested to increase the shutdown at the same time. balance

<img alt=" LTC "src =" https://cointelegraph.com/storage/uploads/view/5d5bdd89b37564ced32787a750c702e0.png "tit the =" LTC "/>

We l & # We did this because the 20-day EMA has been supportive for two days, and if this level breaks, a 50-day fall to the SMA is likely, and both moving averages flattened out. which indicates a limited action in the short term

The bulls have now a difficult task since they will face the resistance at $ 220 levels of the bearish line and $ 240. We will become marginally positive after the LTC / USD pair has maintained more than $ 220.

ADA / BTC

Cardano declined near our goal of 0.00002460. The price continues to trade below the moving average and the downtrend line; it's a bearish sign.

<img alt=" ADA "src =" https://cointelegraph.com/storage/uploads/view/62e7d3690459a1bf66012a0e05d1bb93.png "title =" ADA "/>

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We can become positive on the pair ADA / BTC only after level of 0.00004070.

NEO / USD

We were optimistic about NEO because it broke the bearish bearish pattern February 26. Therefore, we recommended to buy at $ 126 with the stop at $ 105, but the price did not move according to our expectations

<img alt=" NEO "src =" https://cointelegraph.com/storage/uploads/view/ 789876526b60af6f6bfffc3e11697a38.png "title =" NEO "/>

The NEO / USD pair has fallen sharply from overhead resistance at $ 140. If the price fails to find support at $ 120, it is likely to fall to the next $ 110 immediate support. We believe this area provides strong support. As a result, we kept the stop loss at $ 105

Both moving averages flatten out, suggesting an action related to the range for a few days.

On the rise, the cryptocurrency will gain momentum only above $ 140.

EOS / USD

EOS continues to trade within the symmetrical triangle . If it breaks down the triangle, it is likely that a new test of Feb. 06 lowers.

<img alt=" EOS "src =" https://cointelegraph.com/storage/uploads/view/371799c3345a925e2aa689f86fa13ea7.png "title =" EOS "/>

From a another side, a break of the triangle will bring it to the upper end of the range at $ 10,119

Inside the triangle, the price movement should remain volatile, we will wait for the prices come out of the 50- SMA before recommending long positions in the pair EOS / USD

Market data are provided by the HitBTC Exchange. supplied by TradingView.