Crypto trading news: Qash rises 60%
Crypto trading news: Qash rises 60%

Crypto trading news: Qash rises 60%

By Federico Izzi - 22 Feb 2019

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In today’s trading news the performance of the crypto Qash is certainly worth mentioning, which rose 60% in just seven days: half of the rise was achieved in the last 24 hours.

Overall, the balance of the last seven days is green for all the top 50 most capitalised cryptocurrencies. For 90%, the increase is double-digit

crypto trading news qash

Qash is followed by the EOS crypto with a rise that is close to 40%, reviewing the 4 dollars, a level abandoned in mid-November last year. Today’s trading performance brings EOS to conquer with force the fourth position in the ranking by capitalisation, followed by Litecoin (LTC) which rises by 15% from last Friday’s prices – February 15th – consolidating the fifth position at the expense of Bitcoin Cash (BCH).

crypto trading news qash
EOS chart, source:

After the shopping hangover of the last few days, purchases slowed down, halving the money in the order book.

The evident profit taking does not affect the total capitalisation that remains close to 135 billion dollars, with over $24 million traded in the last 24 hours. The overall dominance remains more or less unchanged from yesterday’s levels.

crypto trading news qash
Bitcoin chart, source:

Bitcoin crypto news (BTC)

Dynamic resistance continues to be felt in the $4100 area. For the past three days, bitcoin prices have been moving in contact with the trendline which, in the event of a break, would provide the first bullish signal of the medium term after more than two months of congestion.

The bullish structure built from the minimum at the beginning of the month will not be threatened by any retracements over the $3800 area.

Only under 3750 dollars the structure will begin to weaken, forcing to postpone the attack on the highs of the new year.

crypto trading news qash
Ethereum chart, source:

Trading Ethereum (ETH)

Despite the fluctuations around the $150 level over the last four days, the Ethereum trading volumes in the last 24 hours show important manoeuvres on the part of investors. For this reason, the current levels confirm to be an important watershed over the next few days.

A consolidation close to 150 dollars will increase the chances of revising the highs of early January, now a step away. On the contrary, a drop under $130 should raise fears of a return below $115 in the following days, evaporating the hopes of the bulls that have returned to be active in these last two weeks.

Federico Izzi

Financial analyst and independent #trader – S.I.A.T. & partner. He operates actively on stock and derivatives markets (futures and options) since 1997. A precursor of cyclic-volumetric analysis he is known for having identified the most important upward and downward movements in the financial markets of recent years. He participates annually as a speaker at the ITForum in Rimini since the 2010 edition and InvestingRoma and Napoli since the first edition of 2015. He is a guest and market expert on the "Trading Room" and "Market Driver" broadcasts of Class CNBC, Borsa and on the evening news of Traderlink. Since July 2017 he is a permanent guest on LeFonti.TV, the only weekly national space dedicated to cryptocurrencies alongside the most important international experts in the field. He was interviewed as a cryptocurrency expert for Forbes Italia, Panorama, StartupItalia and DonnaModerna. He was recognized as the first Italian technical analyst to have published the first secular cyclic analysis on Bitcoin. Periodically publishes articles on ITForum News, Sole24Ore, MILANOFINANZA, TrendOnLine and Wall Street Italy. Federico Izzi is... "Zio Romolo".

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