Market comment: Stellar, Cardano and Ethereum, precursors of the Altcoin season? 2

Market comment: Stellar, Cardano and Ethereum, precursors of the Altcoin season?

At the time of a stagnant Bitcoin class, altcoins seem to have gained momentum. As a result, the domination of Bitcoins went from 73% to 69%. Stellar, Cardano and Ethereum are three examples of particularly strong crypto-currencies.

Stellar: Where's the big pump?

Market comment: Stellar, Cardano and Ethereum, precursors of the Altcoin season? 3

The daily chart is discussed using the XLM / USD value pair on the Kraken stock market.

With a growth of over 50% in three days, Stellar is one of the cryptographic currencies that has benefited the most from the rise of old parts. One could quickly call the over-bought course. The volume of transactions has also increased dramatically. At this pump, the Stellar price experienced resistance from the 200-day moving average and the Fibonacci retracement level of 61.8%.

Stellar is consolidating and has suffered a price drop of 15%, but that does not change its position in the top 10 crypto-currencies.

Cardano: Get up from EMA tape

Market comment: Stellar, Cardano and Ethereum, precursors of the Altcoin season? 5

The daily chart is examined with the help of the ADA / USD value pair on the Kraken stock market.

Cardano has grown steadily over the past week. After reaching a floor at $ 0.043, the price of Cardano has increased by more than 25%. The day candle could close above the EMA group and indicate a parabolic motion. Currently, however, the Cardano course has weakened slightly and lost 5%.

Ethereum: Was it flippening?

A fun event about Ethereum was that cryptocurrency on Coinmarketcap briefly took first place. However, it was not one of the many hopes of Flippening, but a bug in Coinmarketcap: The price of Bitcoin was sometimes $ 0:

Due to this bug, some users were warned that a Bitcoin price crash of less than $ 5,300 had been received:

Beyond the bugs on Coinmarketcap: the Ethereum course can work well

Market comment: Stellar, Cardano and Ethereum, precursors of the Altcoin season? 7

The hourly chart is presented using the example of the pair of ETH / USD stocks on the Coinbase Stock Exchange.

Despite this rather amusing anecdote, the performance of Ethereum over the past two weeks has been rather positive. Thus, the price could have an increase of at least 30%. There is a strong uptrend. Looking at this in the hourly chart, you can see that if the price falls below the EMA band, it could still maintain the uptrend by bouncing back on its uptrend around $ 212.

Disclaimer: The price estimates shown on this page do not constitute buy or sell recommendations, but simply an estimate of the analyst.

Charts created September 20, 2019 with the help of TradingView.

USD / EUR Closing price: 0.91 Euro.

The market comment was written by the Bitwala trading team. Bitwala offers the easiest and safest way to buy and sell Bitcoin directly from a bank account. More information here.