Published on May 15th, 2018 | by bitcoin0
Price analysis, May 15 For major Crypto Currencies – bitcoin, ethereum, bitcoin cash, ripple, stellar, litecoin, cardano, IOTA, eOS
After listing Bitcoin futures in December of last year, CME launched two indexes tracking Ethereum on Monday.
We believe that the large players might first push prices down, accumulate at lower levels and then boost prices.
BTC/USDFor the past three days, Bitcoin has been taking support at the 50-day SMA.
On the upside, the EOS/USD pair will face resistance at the 20-day EMA and the top trendline of the descending channel.
If the price fails to rally above the overhead resistance it can again decline to the 50-day SMA.