Yaz Sheikh, Publisher at CoinCodex
Yaz is a cryptocurrency technical analyst with over seven years of technical analysis trading experience. As an Economics graduate, he has taken a keen interest in the future potential of blockchain in the financial industry. Removing crypto from the equation, Yaz loves to watch his favorite football team and keep up-to-date with the latest fights within the UFC.
Yaz Sheikh Latest Articles
In this article, we will be taking a look at the ETH/USD pair to see if Ethereum has the potential to reach $200 before the end of April 2019. For Ethereum to reach $200, the market will have to increase by a total of 48% from today’s price.
In this article, we will analyze the BTC/USD market to see if Bitcoin has the potential to reach $5,000 before the end of April 2019. For Bitcoin to reach $5,000, the market will have to increase by a total of 25% from today’s levels. The good news is that if BTC/USD can break above the $4,000 resistance level and continue above $4,144, the market should be able to power higher and reach the $5,000 milestone before the end of next month.
Price action for Stellar has recently met resistance at the 100 day moving average. XLM struggled to break above this level, which has caused the market to roll over and head slightly lower to where it is currently trading around the $0.107 level.
As the market is trading sideways, the current short term trend is neutral. For the Bitcoin market to be considered bullish, we would need to see price action break above the resistance at $4,000.
Even though XRP has been left out of last month's positive cryptocurrency market action, the coin is trading in a wide ascending price channel and could see further gains if the $0.33 resistance level is conquered.
