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The market data are taken from HitBTC exchange.
In November the total trading volume of private investors are oriented crypto exchanges is decreased. The trading volume of the exchanges which can be used by larger players, preferred has, however, increased. After a long period of decline, the retail trade activities and the institutional activities are on the increase, it is expected that, in General, a floor.
However, traditional investors such as investment banks, pension funds and asset managers are still too little to participate. These investors are due to regulatory issues quite conservative and are likely to occur only gradually in the room, if the basic work of compliance and custody solutions is complete.
On the crypto currency market are handled over 50 per cent of the transactions through the OTC trading (OTC) and the competition of institutional investors is becoming increasingly fierce. Coinbase, Poloniex, and MV Index Solutions are just a few examples of new providers in the lucrative OTC.
The chart data support our view that a floor announcing to the crypto markets. It is difficult, however, the lowest price range. Therefore, investors and traders should start positions in burglaries between 3,000 US dollars (2.639 Euro) and $ 3,500 (3.079 Euro).
BTC/USD
Bitcoin tries to be a recovery from the Low of 7. December, was 3.329,05 US Dollar (2.929,10 Euro). Currently,the Pullback is facing a resistance at 3.387,US $ 33 (2.980, EUR 38). The cops have not even managed to reach the 20-day EMA, after the brand of 5,900 US dollars (5.191 Euro) has been broken in the middle of November to the bottom. This shows that the seller is open for any small Pullback quickly Short positions.
Both of the moving averages tend to be downward and the RSI is almost in the oversold area, confirming a strong downtrend. The only bright spot is the positive divergence that developed on the RSI.
After a two-day Pullback, the bears could try, the downward trend to continue. A case under 3.329,05 US Dollar (2.929,10 Euro) can lead to a decrease to $ 3,000 (2.639 Euro). This level is a key support. Below this level the next support at 2.416,US $ 52 (2.126,20 euros).
We believe, however, that the Zone between 3,000 US dollars (2.639 Euro) and $ 3,500 (3.079 Euro) will provide a strong support. If you can keep the level of 3,329,05 US Dollar (2.929,10 Euro), you can climb the BTC/USD Pair on the 20-day EMA, which is close at 4,100 US dollars (3.607 Euro).
The next case, provided the price is at 3.329,05 US Dollar (2.929,10 Euro) – can be a buying opportunity. We recommend a Long Position with 50 percent of the usual position size in the Zone between 3,000 US dollars (2.639 Euro) and $ 3,500 (3.079 Euro). We could propose a larger Position if the Pair moves in our sense of the word.
XRP/USD
Ripple has on 7. December can hold to the support line of the falling channel. The resulting jump to the top has not managed, however, to come through the overhead resistance at 0,33108 US Dollar (0,2916 Euro).
The bears will try to let the XRP/USD Pair below the channel sink. If that succeeds, it can lead to a re-Test of the level of 0,24508 US Dollar (0,2159 Euro). The moving averages are Falling and the RSI is still near the oversold area. This shows that the sellers have the upper hand.
If the bulls can defend the Zone between 0,24508 US Dollar (0,2159 Euro) and the support line of the channel, might consolidate the virtual currency. Traders should wait until there is a change in trend, before you extend your existing positions.
ETH/USD
Ethereum is still in a strong downtrend. in the last three days we have not managed the bulls to hold above US $ 100 (88 euros). This level is close to the previous support level of 102,20 US $ (89,92 Euro), which has now become the resistance. This indicates a lack of buyers on the market.
If the ETH/USD Pair below the lows of 7. December of 83 US dollars (73 euros), continues the downward trend. The next important level below is 66 US Dollar (EUR 58).
If the bulls can defend the support, could launch virtual currency for a couple of days of consolidation and then a new upward trend. Traders should wait for a bottom formation is confirmed, before you consider a purchase consider.
XLM/USD
The Pullback in Stellar was not sufficiently strong to get over the overhead resistance at 0,13427050 US Dollar (0,1183 Euro). The fact that the bulls have not managed to come across the first resistor, indicates that the supply exceeds the demand.
If the bears make it, the Deep of 7. December of 0,10488320 US Dollar (0,0924 Euro) down to break through. The case can extend to the next support at $ 0.08 (EUR 0.07). The falling 20 day EMA and the RSI is in the oversold area, indicate that the path of least resistance is down.
the bulls, however, Should the Depth of 7. December to defend, could consolidate the XLM/USD Pair for a couple of days between 0,10488320 US Dollar (0,0924 Euro) and 0,13427050 US Dollar (0,1183 Euro). So far no bullish constellations are present, therefore, we recommend not to trade.
BCH/USD
Bitcoin Cash on higher level of buying support. Although the case was in the last couple of weeks is very low, the Pullbacks are weak and short-lived.
After the Couple in the last three days in a margin, try the bears the support at 94 US dollars (83 euros) to to continue to break below the downward trend to continue. There is a strong support at 91,78 US Dollar (80,75€). If the BCH/USD Pair recovery from the support zone, a Pullback to the 20-day EMA is likely.
We are dealers still recommend waiting until the fall is completed and a purchase of constellation forms before you buy. Since there are no bullish constellations, we recommend traders, a few more days to be seen.
BSV/USD
Bitcoin SV has provided in terms of market capitalization, above-average performance among the Top crypto currencies. He had 26. In November, in a range between 80,352 US $ (70,779 Euro) and 123,98 US Dollar (109,08 euros).
The trade margin is likely to continue to fluctuate without a clear direction. A next decisive movement of the BSV/USD Pair there will be either a breakout above or a case under the span.
confirms A jailbreak, the buyers have overwhelmed the sellers. A rally towards the pattern target of 167,608 US Dollar (147,64 Euro) would be possible. On the other hand, a decrease could lead to a re-Test of the soil. We recommend traders to buy above the range, or to try in a generally better mood on a trade in the vicinity of the lower end of the range at 80 US dollars (70 Euro).
EOS/USD
After a long downward trend, EOS has found a few buyers at 1.55 US Dollar (EUR 1.36). He has made a Pullback on the downtrend line that acts as resistance.
In the case of a strong downtrend the Pullback lasts one to three days. If the EOS/USD Pair from the current levels bends down, it can lead to a re-Test of support below between 1,5257 US Dollar (1,3439 Euro) and 1.55 US Dollar (EUR 1.36). If this support is broken below, the down trend will continue.
above a breakout from the downtrend line can result in a relief rally, which may extend up to the 20-day EMA, which is acting as a rigid resistance. Short-term traders can consider Long positions if the price can hold above the downtrend line. Swing traders, however, should wait until there is a change in trend, before opening Long positions.
LTC/USD
Litecoin to stand in the last three days of resistance at just under 28 US dollars (24 Euro). A breakout above 28 US dollars (24 Euro) may result in a Pullback to the 20-day EMA at 32 US dollars (28 euros).
If the LTC/USD Pair to about 28 US dollars (24 Euro), it is probably a re-Test of the lows of 23,10 US $ (20,32 Euro) of 7. Come December. A case of this Depth can cause the down trend to the next support at US $ 20 (€18).
Both of the moving averages tend to be downward and the RSI is in the oversold area. This confirms that the Trend is still downward. Although he has a positive divergence, traders should wait until the price is a little more above, before you buy.
TRX/USD
TRON is still a rigid resistance at the 20-day EMA, which flattens gradually. The RSI was since the 29. November, also at about 40. This indicates a probable consolidation in the next few days.
the TRX/USD Pair like that, as it has been since the 25. November is not a new low for the year. A breakout above the overhead resistance of 0,0183 US Dollar (0,0161 Euro) indicates probably a ground.
If the virtual currency, the bends, however, from the current levels down and under 0,01089965 US Dollar (0,0096 Euro), you can go to the next support at 0,00844479 US Dollar (0,0074€). We wait until a bullish pattern forms before we suggest a trade.
ADA/USD
Cardano faced in the last three days of resistance at the break level. If the bulls manage to hold on to 0.035 US dollars (0,031 Euro), is a Pullback to the 20-day EMA is likely.
even Though the RSI is in the oversold area, it is a sign of a positive divergence. Traders should still wait for the price to reach a bottom before you buy.
If the bears defend the overhead resistance or the 20-day EMA, could remain in the ADA/USD Pair for a couple of days in a range. Below is a case, under the Depth of 7 can. December fall on 0,025954 US Dollar (0,0229 Euro).
The market data are taken from HitBTC exchange. The Charts for the analysis come from trading view.
