the entire market capitalization fell this week to $ 114 billion. Up on the Tron, and to a much lesser extent Litecoin and all crypto-currencies suffered price falls. Particularly evil it met the rates of Stellar and Bitcoin SV, who had to make within the last week, about ten per cent.
Dr. Philipp Giese
28. January 2019BTC$3,419 as,42 -2.17%part Facebook Twitter LinkedIn xing mail
shows the price development of ten crypto-currencies with highest market capitalization:
this Is the end of the sideways movement? Mostly that would be a shame, the courses are not in the long-term investors in desired direction moved. As in the last week of suspects, it came to negative price developments. In any case, the majority of crypto-currencies had to be reported within the Top 10 Price reductions. After all, Tron was able to rise to fourteen percent. The Bittorrent Token Airdrop will certainly play a role.
The market capitalisation fell accordingly from 119 billion dollars to 114 billion dollars.
The evaluation of the last week in this transfer: the majority of the assessments are bearish, so it could be the latest thinking to the specified Support progression to a Short Position. For Tron and to a lesser extent Litecoin and EOS, the Situation is somewhat benevolent: Tron offers currently formally for a Long Position, while the investor in EOS, and Litecoin to Rise above the Resistance or a Drop below the Support to wait.
Best price development: Tron (TRX)
Trons Bull Run with little Pause Since December 2018, the crypto-currency by Justin Sun defies the bear market and was able to overcome by the end of 2018, the moving average of the last 20 weeks (red). This led last week to a price increase of almost 14 percent. Currently, the Tron-rate fights against the Resistance at $ 0.03, but so far, looks like nothing after the end of the rally. The BTT Token Airdrop attracts currently.
A positive and rising MACD and a rising RSI at 61 and overall lead to a bullish impression, which is confirmed by the Aroon indicator. So, why not try a Long Position? Targets are described with the Resistances 0,037 US Dollar and 0.045 dollars, while a possible Stop Loss at 0,024 dollars. The price should actually fall under the Support 0,020 dollars, it would offer a Short Position, the Target is at the height of the second Support 0,015 US dollars and for the Stop Loss also 0,024 dollars.
Read also: Bitcoin, Ethereum, and Ripple – rate analysis KW02 – when will the next upward movement?
Worst course development: Stellar (XLM)
What to make of the Tron-course, rose has to give up Stellar almost 13 percent of the Stellar had to course. At the beginning of 2019, he was still trying to break through the moving average of the last 20 days described Resistance, however, could not raise the price on these.
A negative, easy-to-falling MACD and a RSI at 30 and speak to a bearish language. Although the almost oversold RSI could hope, but the development between the end of November and mid-December, shows very well, that on an oversold RSI is not immediately a Bull Run. The Aroon-indicator confirms the bearish sentiment with a strong Aroon-Down Signal. It is, therefore, a Short Position. Entry Point would be the Support 0,084 US dollars and in 0,065 US Dollar the Target. As a Stop would offer a just-elected in 0,097 US-Dollar Loss. Of course, on the glide should be the average of the last 20 days that would be a Long Position. As Targets, the Resistances are on offer at 0,124 US Dollar and of 0.166 US dollars, while Loss as a Stop as in the case of the Short Position, the can use 0,097 US Dollar.
the stability of the Top 10
The sell-off resulted in a Change in the order within the Top 10: Tether is now on place 5 and Tron was able to lift about Stellar, at times, even on Litecoin,. Furthermore, we have the middle seats, a head-to-head races: The Market capitalization of EOS, Tether, Bitcoin, Cash, Litecoin, TRON and Stellar follow each other closely. The largest distance is with a good six per cent between Stellar and Tron. Also at the forefront of the fight for second place is being fought still, Only nine percent of the Market capitalization of XRP and Ethereum separate.
also Read: the Altcoin-market analysis KW3 – Everything red to on TRON
winners and losers of the week
an Average of the crypto-currencies of the Top 100 have fallen to five percent, and have performed significantly better than Bitcoin. Winner of the week is Holo and Pundit X, whose classes were able to capture 40 percent of the rate of profit. Loser of the week Aurora, Power Ledger, Steem, and Augur, each of which had to accept a 20 percent exchange rate losses.
70 percent of the Top 100 crypto-currencies have worse performing than BTC. The market share remained at 53 percent.
Disclaimer: The information on this page is the illustrated rate estimates do not constitute buy or sell recommendations. They are merely an assessment of the analysts.
table data on the Basis of coinmarketcap.com
the chart images on the Basis of the data of bitfinex.com.
USD/EUR exchange rate on the cut-off: 0,88 euros.
