The chairman of the St. Louis Federal Reserve, James Bullard, said Bitcoin could emerge as a possible competitor to the US dollar. in the future. Nor did he rule out the possibility of the FED launching its own cryptocurrency, although he said there was no plan at this time.
The Mitsubishi UFJ Financial Group (MUFG) of Japan, the fifth largest bank in the world by assets, is exploring options to launch its own cryptocurrency, known as MUFG Coin. Plan to try it for next year.
Existing cash flows are preparing for probable competition by introducing improvements that can improve operations. In addition, the cryptointercambios are launching new products aimed at institutional investors.
All this points to the growing popularity of cryptocurrencies and the acceptance that blockchain technology can change things.
Long-term investors should welcome any drop in prices, as it offers the opportunity to buy discounted digital currencies.
Let's see if we find a purchase arrangement today.
BCH / USD
Bitcoin Cash has broken the neckline of the head and shoulders. If you close (UTC) below the neckline, you will have a pattern goal of $ 650. However, it is unlikely that the bulls will surrender without fighting.
The levels to be taken into account to the downside are the horizontal support of $ 1221 and the SMA of 50 days. We anticipate a rebound of either of these two levels. However, it is difficult to predict if the rebound will hold or fail.
BCH / USD
Although the 20-day EMA is falling, the 50-day SMA continues to trend upward. Therefore, we believe that the BCH / USD pair is unlikely to sink to $ 650. If the support of $ 1221 is maintained, there is likely to be limited action by the range.
It is not clear if the digital currency will rise or fall from current levels. Therefore, we would prefer to look from the barrier.
BTC / USD
Bitcoin has broken below the 50-day SMA after having held it for the past four days, which is a bearish trend. The only important support now is $ 7,941.68. If this level is broken, it is likely to drop to $ 7,000.
BTC / USD
If the level of $ 7,941.68 is maintained, the BTC / USD pair could enter a consolidation period between $ 7,941- $ 10,000. Once the rank is confirmed, we will try to trade with him by buying close to the support and covering the position in the resistance.
Currently, there are no purchase configurations, therefore, we suggest waiting until a reliable pattern is developed.
ETH / USD
On May 14, Ethereum failed to make $ 745 and rejected them. It has broken below 20 EMA days today. The small neckline of a possible head and shoulders pattern is providing a strong level of support. Today, prices have rebounded sharply.
ETH / USD
The ETH / USD pair could consolidate between the neckline of the bearish pattern and the 745 dollars. A break above the upper resistance will be a positive movement. Therefore, we suggest long positions above $ 750 with a close stop loss. The immediate objective is to move to $ 838. It is a risky operation, so we recommend that operators take a small position (around 30 percent of the usual).
If the bassists manage to break and close below the neckline, the bearish pattern will be completed, giving it a goal of $ 418.
However, we believe that $ 600, which is 50 percent of the Fibonacci retracement level and the 50-day SMA, will act as strong support on the negative side.
Ripple could not climb above the $ 0.76 levels on May 14, which resulted in a fall below the 50-day SMA. Therefore, the next support to the downside is the May 12th minimum of $ 0.632. A break below this will sink the digital currency to $ 0.562 levels.
XRP / USD
If the XRP / USD pair manages to stay above the levels of $ 0.63, the bulls will try again to break the resistance of the general expenses at $ 0.76.
The 20-day EMA is going down while the 50-day SMA is flattening. Since prices are trading below both moving averages and are some distance from the critical support of the wide range, we will not propose any long position.
XLM / USD
Stellar rejected the 20-day EMA because the higher levels lacked buyers. Currently, prices are back in the 50-day SMA, which is a critical support. If this level is broken, the neck of the head and shoulders are the final support.
XLMXRP / USD
Ripple could not climb above the $ 0.76 levels on May 14, which resulted in a fall below the 50-day SMA. Therefore, the next support to the downside is the May 12th minimum of $ 0.632. A break below this will sink the digital currency to $ 0.562 levels.
XRP / USD
If the XRP / USD pair manages to stay above the levels of $ 0.63, the bulls will try again to break the resistance of the general expenses at $ 0.76.
The 20-day EMA is going down while the 50-day SMA is flattening. Since prices are trading below both moving averages and are some distance from the critical support of the wide range, we will not propose any long position.
XLM / USD
Stellar rejected the 20-day EMA because the higher levels lacked buyers. Currently, prices are back in the 50-day SMA, which is a critical support. If this level is broken, the neck of the head and shoulders are the final support.
XLM / USD
The bearish pattern will be completed in the event of a breakdown and will close (UTC time) below the neckline. The objective of the pattern of such a break is much lower at 0.2 dollars.
If the XLM / USD pair holds the neck or the 50-day SMA, a limited range action will occur. Above the resistance in the $ 0.47766719 an upward trend will be observed, since it will invalidate the bearish pattern. We will look for purchase opportunities above $ 0.373.
LTC / USD
The recovery at Litecoin crashed into a brick wall at the 20-day EMA on May 14. Currently, prices are again below the horizontal support of $ 141. A break below the May 12 minimum of $ 132,163 will open a downward target of $ 115.
LTC / USD
Both moving averages are going down. This increases the probability of a fall to the critical support levels of $ 115, which is expected to be maintained. If this support breaks, the LTC / USD pair will complete a bearish downward triangle pattern in a breakdown below $ 107, which will be very negative.
The digital currency is showing weakness; therefore, we do not have purchase recommendations. We will change our opinion if the bulls manage to maintain the minimums of May 12 and reach $ 170.
ADA / BTC
Cardano can not find buyers at a higher level. The rebound in the trend line and the 50-day SMA on May 12 did not even exceed the 20-day EMA. Prices are again in the supports, which increases the chances of a fall.
ADA / BTC
The levels of 0.000025 had resisted well from April 13 to 15. Therefore, if the ADA / BTC pair breaks the trend line, it may fall to this level.
The 20-day EMA will continue to act as resistance in any upward movement. The digital currency will pick up momentum after climbing the levels of 0.00003445.
IOTA / USD
IOTA has not done much in the last five days. It is stuck between the 20-day EMA and the 50-day SMA.
IOTA / USD
On the positive side, the immediate resistance is in the EMA of 20 days and once this level crosses the next obstacle is in the levels of $ 2.2117.
On the negative side, the supports exist in the 50-day SMA and $ 1.63. Both moving averages are flattening, which increases the possibility of limited action by the range.
We did not find any purchase configuration in the IOTA / USD pair, therefore, we are not suggesting any operation in it. / USD
The bearish pattern will be completed in the event of a breakdown and will close (UTC time) below the neckline. The objective of the pattern of such a break is much lower at 0.2 dollars.
If the XLM / USD pair holds the neck or the 50-day SMA, a limited range action will occur. Above the resistance in the $ 0.47766719 an upward trend will be observed, since it will invalidate the bearish pattern. We will look for purchase opportunities above $ 0.373.
LTC / USD
The recovery at Litecoin crashed into a brick wall at the 20-day EMA on May 14. Currently, prices are again below the horizontal support of $ 141. A break below the May 12 minimum of $ 132,163 will open a downward target of $ 115.
LTC / USD
Both moving averages are going down. This increases the probability of a fall to the critical support levels of $ 115, which is expected to be maintained. If this support breaks, the LTC / USD pair will complete a bearish downward triangle pattern in a breakdown below $ 107, which will be very negative.
The digital currency is showing weakness; therefore, we do not have purchase recommendations. We will change our opinion if the bulls manage to maintain the minimums of May 12 and reach $ 170.
ADA / BTC
Cardano can not find buyers at a higher level. The rebound in the trend line and the 50-day SMA on May 12 did not even exceed the 20-day EMA. Prices are again in the supports, which increases the chances of a fall.
ADA / BTC
The levels of 0.000025 had resisted well from April 13 to 15. Therefore, if the ADA / BTC pair breaks the trend line, it may fall to this level.
The 20-day EMA will continue to act as resistance in any upward movement. The digital currency will pick up momentum after climbing the levels of 0.00003445.
IOTA / USD
IOTA has not done much in the last five days. It is stuck between the 20-day EMA and the 50-day SMA.
IOTA / USD
On the positive side, the immediate resistance is in the EMA of 20 days and once this level crosses the next obstacle is in the levels of $ 2.2117.
On the negative side, the supports exist in the 50-day SMA and $ 1.63. Both moving averages are flattening, which increases the possibility of limited action by the range.
We did not find any purchase configuration in the IOTA / USD pair, therefore, we are not suggesting any operation in it.
 

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