Top-5 Cryptos This Week: TRX, BCH, HT, XLM, XMR

With the future looking bright, is this a good time to buy Bitcoin and other cryptocurrencies or can they fall further? Let's analyze the charts of the top 5 performers of the past seven days.

The pair will pick up momentum if the bulls can scale above $360.The 20-week EMA is flattening out and the RSI has risen to the center.

It will turn negative below $2.9113.On the other hand, if the bulls can propel the price above the overhead resistance zone of $5.3506 to $6.10, the pair will pick up momentum.

The XLM/USD pair has extended its recovery and has risen above the downtrend line.

The pullback will now face resistance at the 20-week EMA and above it at $0.088708.

Conversely, if the bulls succeed in pushing the price above $0.088708 and the 50-week simple moving average, a move to $0.145 is possible.

The bulls are struggling to scale above the resistance line of the downtrend line.

If the buyers push the price above this level, the pair will again hit a roadblock at the moving averages.

A breakout of the moving averages will be a positive sign as it is likely to result in a quick move to $120. There is a minor resistance at $97.9733 but we expect it to be crossed.

The traders can buy on a close above the moving averages with a stop loss of $52.Our bullish view will be invalidated if the price turns down from current levels A break below the wedge will be a huge negative as it will lead to a retest of the yearly lows.