Cryptocurrency

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, Stellar, NEO, Cardano, EOS: Sentiment Analysis – 09 April 2018

SAN FRANCISCO, Calif. – This sentiment analysis presents most cryptocurrencies treading the downtrend path.  Nonetheless, with the growing interest of prominent global investors like George Soros and the Rockefeller family in virtual currency investing, a repeat of the glorious year 2017 is anticipated.

The following analysis provides an idea of cryptocurrencies’ current performances:

1) Bitcoin (BTC/USD)

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, Stellar, NEO, Cardano, EOS: Sentiment Analysis – 09 April 2018

A downbeat outlook goes to the crowning glory of the cryptocurrency world. Bitcoin’s trading price is apparently unable to cease from dropping, trading at $6,766.56 at the time of writing. Buying is recommended if its price increases through more investors.

2) Ethereum (ETH/USD)

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, Stellar, NEO, Cardano, EOS: Sentiment Analysis – 09 April 2018

Ethereum is on a struggle to maintain a high price.  Currently trading at $399.51, this sentiment analysis recommends a wait-and-see position prior to buying.

3) Bitcoin Cash (BCH/USD)

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, Stellar, NEO, Cardano, EOS: Sentiment Analysis – 09 April 2018

Strong buying is still anticipated for Bitcoin Cash. A positive outlook is foreseen if its price goes north of $780.

4) Ripple (XRP/USD)

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, Stellar, NEO, Cardano, EOS: Sentiment Analysis – 09 April 2018

Recovery is far from sight for Ripple due to listless buying.  Trade can only be recommended if Ripple’s price closes north of $0.56270.

5) Stellar (XLM/USD)

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, Stellar, NEO, Cardano, EOS: Sentiment Analysis – 09 April 2018

Since January, Stellar has been trading inside the channel. At $0.197418, trades are recommended after a close and a breakout above the resistance line.

6) Litecoin (LTC/USD)

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, Stellar, NEO, Cardano, EOS: Sentiment Analysis – 09 April 2018

The initial support of $114.706 was made for Litecoin though its recovery was interrupted at $126. More buyers will help Litecoin stay north of the downtrend line.

7) Cardano (ADA/BTC)

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, Stellar, NEO, Cardano, EOS: Sentiment Analysis – 09 April 2018

A sharp rising triangle pattern is formed with Cardano’s trading, completing a breakout above 0.00002460. A long position is recommended on a breakout and close north of 0.0000246.

8) Neo (NEO/USD)

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, Stellar, NEO, Cardano, EOS: Sentiment Analysis – 09 April 2018

A pullback was reached recently for Neo with the bulls holding on to $44 levels. The neighborhood of $65 level is a recommended buy for this digital currency.

9) EOS (EOS/USD)

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, Stellar, NEO, Cardano, EOS: Sentiment Analysis – 09 April 2018

EOS attempted twice to break out of the descending channel but to no avail. Buying is recommended at $7.5, leading to a rally to $11 levels.

Apparently, most of the cryptocurrency prices are relentlessly moving downward. This sentiment analysis tells that this trend can be reversed by getting more investors or buyers to set their sights on cryptocurrency investing.

About the author

Bradley Johnson

Bradley Johnson

Brad is a 32-year-old Entrepreneur and is passionate about Digital Marketing and Cryptocurrencies. He first started out as a content writer and then ventured into Internet Marketing. Bradley also works as a crypto investment advisor.

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