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The Martkdaten were provided by HitBTC exchange market.
In the year 2017 has been seen in Bitcoin (BTC) is a possible Alternative for Gold. Thanks to its unique characteristics, would offer the digital currency as a replacement for the precious precious metal and the preferred investment will be, whenever the markets go through a period of high risk.
When the stock market crashed, however, were also sold on the crypto-currencies, wringing her hands. Can see that digital currencies are the future, but not a crisis of fixed capital goods?
Not necessarily. In the past, there were also phases in which Gold just as aggressively sold risk assets. So Gold in 2008 was actually on the upswing, but was sold anyway, and was able to stabilize only towards the end of the year.
it is Still too early to say that the virtual currencies are not safe investments. Those who do not understand the importance of this new technology yet, criticize them the loudest.
governments and a number of large companies are experimenting in different areas of the Blockchain technology. Also the foundations of some of the well-known universities to invest diligently in crypto-Fund.
for the crypto markets after the severe downturn is on the up again? What the stock charts? Let’s find out.
BTC/USD
Bitcoin has on 11. October, a fall flight, the led under the Support of 6.341 US Dollar. Although we would have expected that a re-examination of the critical Support Zone of 5,900 – 6.075 US Dollar, the following try the cops to initiate a immediate recovery.
Should the cops do it, the BTC/USD to push the Pair back above 6.341 US dollars, then tried again, the downward trend line of the descending triangle to break. However, several Resistances need to be overcome before the Trend changes. A climb to over 6.381,99 US-Dollar would be a sign of a new upward trend.
If instead, 5.900 US dollars mark is exceeded, then this triggers a series of stops, which would lead to a sharp crash. Currently, the Moving average (MAs) are flat, the 20-day EMA is pointing downwards and the RSI is in the negative range. The bears have so clearly the upper hand.
Accordingly, we recommend to keep the stops at 5,900 dollars. The coming days will give direction for the future development.
ETH/USD
was The tight price range in the Ethereum least, has dissolved down and is dropped below the Support of 200 US-dollars. The cops are trying to of the 188 US-Dollar brand in the upturn.
Both lube ends are pointing downwards and the RSI is negative, which means an advantage for the bears. The Intraday-Low of 11. October (188,35 US dollars), then it could be a downturn to the Depth of 12. September (167,32 US dollars).
The ETH/USD Pair may grow from strength to strength and the trend will see a reversal, if it can consolidate above 249,93 US Dollar. We recommend to stay until then inactive.
XRP/USD
Ripple is on 11. October, under the Support of 0,4255 US Dollar like what has triggered our stop. The course is fallen below the 50-day SMA, and has now found at the 78,6% Retracement Level support.
On the top of the area between 0,4255 US-Dollar and the 20-day EMA is a strong resistance. The 20-day EMA and the RSI is in the negative range, indicating that short-term heavy selling pressure.
If the bears make it, the Intraday Low of 11. October to break through, then the XRP/USD could crash in a Few to 0,26913 US Dollar. This would represent a 100% decline, the recent recovery. Renewed strength would only be if the currency can rise above the downward trend line.
BCH/USD
to keep The cops try Bitcoin Cash in the symmetrical triangle. A case from the triangle and below the Intraday Low of 11. September (408,0182 US Dollar) would continue the downward trend to continue. The next Support is located at 300 US dollars.
If the cops do it, the Support line of the triangle could climb to strong, then the BCH/USD Pair, possibly, up to 530 dollars.
The 20-day EMA shows a slow down and the RSI has fallen below 50, the bears have the upper hand. We recommend, for Long positions with a stop at 400 US dollars to set up.
EOS/USD
After EOS tried, the resistance of the symmetrical triangle, it fell on the 11. October, the lubricant and the trend line of the triangle.
The cops try the 5 USD-brand, including a crash to 4.49 US dollars. Investors should provide their Long positions with a stop of 4.9 U.S. dollars. If the EOS/USD Pair can break the upper side resistance zone between 6,044 – 6,3117 US Dollar, this would attract buyers.
XLM/USD
The downturn by Stellar has triggered our proposed stops of 0.21 U.S. Dollar. The current upswing is likely to meet at the 50-day SMA and the 20-day EMA resistance.
The XLM/USD Pair can make the descending triangle is invalid, if it can consolidate above the downward trend line. If a bear pattern is invalid, this is a bullish (positive) sign. Accordingly, we recommend Long positions, if above $ 0.26, but can be closed.
On the bottom would fall under the Intraday Low from the 10. October ensure that the price moves in the direction of the critical Support 0,184 US Dollar.
LTC/USD
From the middle of the price range (49,466 – 69,279 US dollars) has moved Litecoin to the lower end. The Support should be well below steps, then could continue the downward trend to continue till the next Support of $ 40.
The cops try of of the 50 US-Dollar brand to sell. At 60 dollars, a resistor is located on the upper side.
The LTC/USD Pair strengthened, if it can hold above 69,279 US Dollar. Till then trade within the range, however, remains very volatile.
Aggressive investors can den today’s final wait and a small lot with a stop at $ 47. Cautious investors should wait for the range to be broken before you invest.
ADA/USD
On 11. October is like Cardano among the first to Support 0,073531 US Dollar, from which the bears could not capitalize.
at the moment the bulls are trying to push the price above 0,073531 US Dollar. If this works, it will revert to the ADA/USD Pair in the range between 0,073531-0,094256 US Dollar.
the bears Should be able to prevent this from happening, however, then the crypto-currency falls, possibly below the last Low of 0,060105 US Dollar. At the Moment we do not see any buying opportunities and do not recommend to trade the Pair.
XMR/USD
After you were in a narrow range, fell Monero on 11. October out and triggered our stop from 106 US dollars. Currently trying to recover from the psychological Support of US $ 100.
The previous Support between 107,8 – 112 US Dollar is now a strong resistance. The XMR/USD Pair is showing strength, if it can be the lubricant.
Should defend the bulls the upper-side resistor, however, then a fall to 90 US dollars is likely to be. Investors should wait for that new purchase opportunities.
TRX/USD
TRON is like the lubricant, which prolongs the stay in the range of 0,0183 – 0,02815521 US Dollar.
Both of the Moving average is flat and the RSI has gone into the negative range, the seller will have to hand in the short term, so the upper. If the bulls don’t make it over the 20-day EMA, then a crash to the bottom of the range is likely to be.
The TRX/USD Pair continues its downward trend, if the bears can solidify under the 0,0183 US-Dollar brand. Investors should wait for a completion above the margin, before new positions are taken.
The market data are taken from HitBTC exchange. The Charts for the analysis come from trading view.
