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The market data are taken from HitBTC exchange.
Although the crypto-currency courses have been able to report no recovery, the companies in the sector, the institutional actors need.
The crypto-currency asset managers, LedgerX has launched a Bitcoin (BTC) exchange rate-volatility index called LedgerX Volatility Index (LXVX), to serve as a “Bitcoin-the fear index”, similar to the CBOE volatility index (VIX) for the stock markets. Although the Index cannot currently be traded, the company plans to allow this in the future.
Despite a market-wide fall in the past year, the crypto-trade volumes in the year 2018 increased to 2017, even as a recent report by the research company Diar unveiled. This shows that the traders are still active.
In a survey of US consumers by Cornerstone Advisors, only 8 percent, that you have a crypto-currency. A further 17 percent said that they could, in the near future which buy. This means that soon a lot of money will flow into the markets when the Trend is changing.
The markets are looking for Clues to it, as soon as some of the important events occur that are expected to take place in the year 2019. Although the crypto courses this year will remain well below their all-time highs, we expect that they will significantly climb above the current level.
BTC/USD
Bitcoin (BTC) is in a range between 4.255 US Dollar (3.738 Euro) and a total of 3,236,09 US Dollar (2.842,87 euros). The 20-day EMA is gradually coming down and the RSI is in the negative range. This shows that the bears have in the short term, the upper hand.
The immediate resistance is located at the moving averages and the downtrend line. A further line of resistance is located at 4,255 US Dollar (3.738 Euro).
below may result in a decline 3.473, $ 47 (3.051,40 Euro) to a re-Test of the levels of a total of 3,236,09 US Dollar (2.842,87 euros). A case of new lows would dampen the mood much, and some stops to trigger the Long positions. The next support is the psychologically important level of 3,000 US dollars (2.635 euros).
The BTC/USD Pair is likely to determine in the next few days and a clear direction. Due to the uncertainty, we recommend traders to wait for a new purchase constellation.
XRP/USD
Ripple (XRP) is not managed in the last two days on the moving averages. Since he has not, however, yield strong, we expect another attempt on the part of the bulls to overcome the overhead resistance.
If we succeed in this, the XRP/USD Pair put on a rally to overhead resistance of $ 0.40 (0,35 Euro) and above the resistance line of the descending channel. A breakout above the channel indicates a probable trend change.
If the course bends, however, the moving averages from the back down, should he fall to the support at 0,27795 US Dollar (0,2438 Euro). The moving averages are flat and the RSI is slightly negative, suggesting a short-term consolidation. We will wait for a bullish constellation forms, before we recommend a trade with this Pair.
ETH/USD
Ethereum (ETH) is from the critical support at 116,30 US Dollar (102,17 EUR) on 14. January back to top jump to. But he could not break out above the 20-day EMA. He is currently between the two moving averages.
A breakout above the 20-day EMA may allow the course to 167,32 US Dollar (146,99 Euro), while a case can, under the 50-day SMA and 116,30 US Dollar (102,17 EUR) to $ 100 (88 euros) to 83 US dollars (73 Euro) to go down.
The 50-day SMA is flat, which shows that the ETH/USD could consolidate Some for a few days between 116,30 US Dollar (102,17 EUR) and 165,32 US Dollar (145,23 Euro). A new upward trend is to be expected, if the price will rise above 167,32 US Dollar (146,99 Euro). We have yet to see any reliable purchase constellations, we therefore propose no trade.
BCH/USD
Bitcoin Cash (BCH) is located in a narrow range, since he has fallen below the support at 141 US dollars (124 euros). The bears have not managed to leave him in the direction of the next support at US $ 100 (88 euros) will decrease. The cops, in turn, have managed to lift it back about 141 US dollars (124 euros).
Within the next 3-4 days, we expect a decisive step. If the cops are about 141 US dollars (124 euros) and the moving averages may climb the BCH/USD Pair up to 181 US-$ (159 Euro). If this resistance is also overcome, may extend the rally to 239 US dollars (210 euros).
of course not, however, about the moving averages, the bears, to allow the virtual currency to under 121,30 US $ (106,56 EUR) to decrease, which ultimately can lead to a drop to US $ 100 (88 euros). We wait until there are buyers, before we recommend a trade.
EOS/USD
EOS is in a range between 2,3093 US Dollar (2,0260 Euro) and 3,2081 US Dollar (2,8145 Euro). Currently, the bulls in the slide triggered averages of resistance. If this resistance is overcome, a rally to the upper end of the range probably.
The EOS/USD Pair is positive, if the cops are on the margin. In such a case, a recovery on 3,8723 US Dollar (3,3972 Euro) and then on 4,493 dollars (3,942 Euro) is likely to be.
If the bears can push the price from the current level down and under 2,1733 US Dollar (1,9067 Euro), the drop is a decline in 1,7746 US Dollar (1,5569 Euro) and 1.55 US Dollar (EUR 1.36).
We Long could suggest positions if the price ends above the moving averageen. Until then, we are in the crypto-currency neutral.
XLM/USD
The Intraday range in Stellar (XLM) has shrunk in the last two days. In this Phase, with smaller Margins, an expansion of the margin is likely to follow.
A breakout above the downtrend line of the symmetrical triangle can the. XLM/USD Pair on 0,13427050 US Dollar (0,1178 Euro). Above this level, we expect a rapid increase in on 0,184 US Dollar (0,161 EUR).
If the bears leave the course, however, under $ 0.10 (€0.09) to decline, a re-Test of the level of 0,09285498 US Dollar (0,0815 Euro). The downward trend will continue, if this support is broken. We see no development of a bull pattern, so we recommend to wait.
LTC/USD
Litecoin (LTC) has had a fight in the last five days, over the 20-day EMA break. If it does not succeed, the moving average climbing to, will attract the seller, which will test the immediate support at 29,349 US Dollar (25,748 Euro). A case under 27,701 US Dollar (24,302 Euro) would increase the probability of a decline in 23,10, US Dollar (20,29 Euro).
The combination of a flat moving averages and the RSI, which is close to 50, still no clear winner to see. The indicators show that there is a balance between the buyer and the seller.
If it is the cops still manage to about the 20-day EMA break out, can the LTC/USD Pair to 36,428 US Dollar (31,959 euros) to climb. The Zone between 36,428 US Dollar (31,959 euros) and 40,784 US $ (35,780) is a big hurdle, a quick jump on 47,246 US Dollar (41,449 Euro) is possible. Therefore, traders who hold Long positions can keep your stops at 27.50 USD (24,16 EUR).
TRX/USD
Tron (TRX) has difficulty relating to 0,02815521 US Dollar (0,0247 Euro) break out. 15. January, he is bent from the upper end of the range to bottom. If the course is EMA finds support at 20-day, will try the cops again, from the margin to break out. The up-trending moving averages and the RSI show that the demand currently exceeds the supply.
If the cops don’t make it, however to climb about the overhead resistance is a decrease on the 20-day EMA, followed by a decline to the critical support at 0,0183 US Dollar (0,0161 Euro).
The next ascent begins, if the TRX/USD-falls Few breaks or under the margin. We recommend traders to wait for a breakout from the range or on a jump from the lower end of the range back to top, before opening Long positions. We see at the current level no purchase constellation.
BSV/USD
Bitcoin SV (BSV) is in a Phase of low volatility, which shows a lack of interest both on the part of the buyer and the seller.
The BSV/USD Pair will attract the seller, if it falls under 74,022 US Dollar (64,940 Euro). The downward momentum will strengthen if the bears the support at 65,031 US Dollar (57,052 Euro).
Any attempt to recover from the current levels, comes into contact with the moving averages and at 102,58 US Dollar (90,12 Euro). This level should be overcome, a rally up to the upper end of the range in 123,98 US Dollar (108,91 Euro). Since we do not see any reliable purchase constellation, we remain in this Pair neutral.
ADA/USD
The cops have not done it in the past six days to keep Cardano (ADA) over the 20-day EMA. But the positive is that the course has not yielded strong. The decline to the 50-day SMA was quickly bought up, indicating a demand at the lower levels.
If the ADA/USD Pair from the 20-day break out, EMA is a rally in the direction of 0,051468 US Dollar (0,0452 Euro) and then a rise to the resistance line of the ascending channel, probably.
If the virtual currency, the bends, however, from the current levels to the bottom, it may fall to the 50-day SMA, and below on 0,036815 US Dollar (0,0323 Euro), which is near the support line of the channel.
We expect that this level offers strong support. Currently, both moving averages are flat and the RSI is near the neutral range, which suggests in the near future at a probable consolidation. We have yet to see any reliable purchase constellations, therefore we do not recommend trading.
The market data are taken from HitBTC exchange. The Charts for the analysis come from trading view.
