Although it is Bitcoin (BTC) managed to keep its dominance in the course of the bear market, we can see some big crypto currencies that put on a better development than he is. This shows that the market is, preferably, gradually, some Coins and other neglected.
We believe that some of the crypto-currencies could find a ground, even before Bitcoin does. Therefore, you have to be in Coins selectively, if you want to take advantage of the benefits.
If the larger traditional investment firms, and stock exchanges are preparing to take the plunge, then there may be a demand. Therefore, we expect a reinforced commitment from the major players who have so far waited.
The bear market is in terms of the courses for investors, a difficult time. But this is also a time in which the basic aspects to improve, which will lead the courses, ultimately, from the bear market.
We believe that the fundamental aspects of the assets value improves class crypto since last year, and it is only a matter of time until the courses of this improvement reflect. Every bull market has its leaders. We want to be the crypto-currencies see who could lead the next upward movement.
LTC/USD
Litecoin (LTC)-Creator Charlie Lee, the crypto-currency wants to make “fungible”. He plans confidential transactions by means of a Soft Fork can add. The Update is expected to take place later this year.
The next halving of the Litecoin block reward is scheduled for the beginning of August. The crypto-analysts and traders Moon Overlord tweeted that the digital currency had reached about 200 days before its halving in 2015, a bottom and subsequent rally reached about two years after this event to a climax.
Should history repeat itself, could have reached the virtual currency to your floor, and in the next two years, an upward trend. Although this is a beautiful observation, we believe that the current Situation differs significantly from the in the year 2015, so that a repetition of the events is unlikely.
Ben Askren, a popular fighter in the Ultimate Fighting Championship (UFC), tweeted a Video in which he spoke about crypto currencies and Litecoin is positive. That should help make him more visible.
After the LTC/USD was the Pair in the middle of November of last year, below the support at 47,246, US Dollar (41,290 Euro), found it at 23,090 US $ (20,179 Euro) support. The bulls have tried to drive the price up, but the mark of US $ 40 (34,94 euros) sales.
If the resistance area between US $ 40 (34,94 euros) and 47,246 US Dollar (41,290 Euro) is overcome, we expect the beginning of a new upward trend. The longer the Couple is within a range remains, the stronger the eventual breakout will be. The goals that you should keep the top of the eye, are 65,561 US $ (57,296 Euro) 69,279 US Dollar (60,545 Euro).
continues If the digital currency bends, however, of one of the two Overhead resistances from down and under 23,090 US $ (20,179 Euro), the downward trend. We assume that the current margin is still a few days before it comes to a pivotal upward or downward movement.
BNB/USD
The crypto exchange Binance has entered into a partnership with the payment service provider Simplex, to provide its clients with the opportunity to buy crypto-currencies with credit cards. The company has sold out the BitTorrent-Token (BTT) in less than 15 minutes, indicating a strong demand.
Can Binance Coin in the Top 10 crypto-currencies by market capitalization? Let us find out.
Our buy recommendation at a closing (UTC) via the descending channel has not been triggered. Since the 20-week EMA is just above the channel, we recommend traders, a close above the 20-week EMA to be seen before opening Long positions.
A breakout and close above the descending channel, confirmed the trend. After the outbreak of the BNB/USD may start either a new upward trend or in a consolidation occur. If there is an upward trend, he can lie down for a rally to $ 12 (10,48 Euro) and about 15 US $ (13,10 Euro). However, in the case of a consolidation, we expect that the Pair will keep on 5,4666 US Dollar (4,7775 Euro).
If the bears leave the course, however, in the channel sink, it is a Signal for weakness and a re-Test of the lowest level in 4,1723848 US Dollar (3,6464 Euro) is likely to be. Therefore, we propose to set the Stop-Loss Limit at 5 US dollars (4,37 EUR) if Long positions are opened.
XRP/USD
Ripple (XRP) has moved this week owing to various news and rumors wild. SWIFT, a large global Bank payment network, announced plans for the establishment of a proof-of-Concept Gateway in partnership with the Blockchain-a software company, R3.
That brought the rumours to the Boil and there was some speculation that the partnership could eventually lead to a kind of permanent connection between Ripple and SWIFT. This led to a sharp rise in XRP price, and did not for a long time.
The Japanese financial giant SBI Holdings has awarded Ripple is also a potential for international Remittances. It is time to buy this crypto-currency? We look at the Charts.
The XRP/USD Pair since the end of September last year, in a descending channel. The cops try to defend the support at 0,27795 US Dollar (0,2429 Euro). Both moving averages are falling and the RSI is in the negative range. This shows that the bears have the upper hand.
fall, When the course bends down and under 0,27795 US Dollar (0,2429 Euro), he may on the low for the year of 0,24508 US Dollar (0,2142 Euro). A case under the year continues deep in the downward trend.
If the cops lift the rate but 0,45097 US Dollar (0,3941 Euro), we expect a double bottom, the pattern target at 0,62399 US Dollar (0,5453 Euro). Above this level a rise to 0,7644 U.S. dollars (0,6680 Euro).
BTC/USD
The current bear market in Bitcoin (BTC) is the longest in its short trading history, and thus also longer than the bear phase between 2013 and 2015. An event that could change the course of the bear market, is the admission of an exchange-traded Bitcoin Fund (ETF).
Just a few days after the Chicago stock exchange CBOE has pulled their Bitcoin ETF application has been submitted together with the application of the investment company VanEck, and the financial services firm SolidX with the U.S. securities and exchange Commission SEC.
The BTC/USD Pair for three weeks in small Margins. This indicates a balance between buyers and sellers. After this Phase, low volatility, we assume that the activity will increase in the next few weeks.
Both of the moving averages tend to be downward and the RSI is in the oversold area. This shows that the bears have the upper hand. If the bears win their dominance back and the Pair below, a total of 3,236,09 US Dollar (2.826,38 Euro), the drop continues the downward trend again. The goals that you should keep below in mind, at 3,000 US dollars (2.620 Euro), what a psycho is, logically, important support, and including at 2,600 US dollars (2.271 Euro).
If the range is expanded, however, to the top and out of the downward trend line is breaking out to rise to 4.255 US Dollar (3.716 Euro) on 4.914,11 US Dollar (4.291,96 Euro). If this level is overcome, it can extend the rally to 5,900 dollars (5.153 Euro). This level will act as resistance.
TRX/USD
After a strong month of Tron (TRX) is taking a breather. What do the Charts say?
The TRX/USD Pair triggered our buy recommendation, as it closed last week above the upper end of the range (in UTC). Contrary to our expectation, were not able to drive the bulls the course.
The Pair lost its gains and has dropped back in the spread. If the cops lift the rate back on the range and on the High of the previous week in 0,03128011 US Dollar (0,0273€), we can expect the rally to $ 0.04 (0.03 Euro). If this level is also overcome, this could extend the upward movement to 0,05218328 US Dollar (0,0456 Euro).
If the bears make the digital currency, however, under 0,02352523 US Dollar (0,0206 Euro) to sink, to decline to the support of the span at 0,0183 US Dollar (0,0160 EUR). Therefore, we recommend the traders to set their Stop-Loss Limit of 0.021 US dollars (0,0184 Euro).
