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The market data are taken from HitBTC exchange.
last week, the relatively low volatility ended on the crypto currency market. Almost all cryptographic strong have seen currencies of course, which led in the case of traders and investors again to fear. As always, it was finally – at least temporarily – a floor reached by the crypto-currencies back to the top abprallten.
On the other hand, global equity markets were relatively stable and held up to a battering in the past few weeks about the Support. Predominantly, the major stock markets continues to be a potential ground. An exception to this is for the Indian market, which is broken since last week through an important Support Level.
global stock markets: stable
The German DAX Index and the S&P 500 have led the upward movement with a total of 3.63 percent to 3.54 percent. The beginning of the week, the DAX has hit a new trend low of 11.831,0, and then a Support to the long-term upward trend line and the previous Fluctuation lows of August. He has rebounded in the Intraday quickly and with a high and closed. Nevertheless, he remains in a downward trend after it broke through a Signal for the continuation of the bear trends two weeks ago.
The UK FTSE Index and the Shanghai Composite have risen by a modest 2,19 percent to 7.224,50 and 1.62% to 3.307,17. The Resistance of the trend line is still above that of the FTSE and has been tested in the last weeks several times. This has prevented progress. The Index is therefore at risk of falling below the Low of 7.062, 10 from last week. At the same time, a potential bullish double bottom. However, this has not been confirmed yet. This confirmation we will get until he is lying down, a Rally to two-week high at 7.326.
Hang Seng: look up
Since the 33.484,1 from January, the Hong Kong Hang Seng Index has get twice the Support of the long-term upward trend line, and more. The Low of the last week of 29.852,40 was the second Time that the Index of the Support Zone and bounced off of the line. This tells us that we need to keep this line in mind, and for signs of a Change in the relationship between rate and line look for need to keep. You should also note that the brown Support sill line 100-day average (MA) in the enclosed Chart runs for a year, parallel to the trend line. The 100-day MA is currently at 30.081,39.
The most likely next target for the Hang Seng is expected to between about 32.522,1 and 32.552,1. There is an ABCD pattern would be complete, and the 78,6% Fibonacci Retracement would also be achieved.
If he falls, instead, under the Low of the last week, the Index moves first to the recent fluctuation in depth of 29.129,30 A. Then he comes into a price zone is between about 28.588,50 and 28.495,77, which is made up of the previous Resistance in may 2015, and the 200-day MA (violet line).
BSE 30 Sensex: Support-to-bottom
The Indian BSE 30 Sensex Index is pierced just as yet of his case to the Support of the 100-day MAs (brown line) and on the 78,6% Fibonacci Retracement area from the February bounce. When he reached the Support, was formed by the Sensex, up until last week, a relatively narrow rectangular consolidation pattern to the Support of the MA, and both above and below the long-term upward trend line. As a result, the Index broke below the rectangle pattern below the 100-day MA. Last week, the Sensex has shown the worst performance among the seven mentioned indexes and fell to 739,80 or 2.17 percent on 33.307,14.
the next important Support Zone is located Just below the Low of the last week of 32.991,14 is between about 32.737 and 32.360. This consists of the 200-day MA and previous Support and Resistance Levels. Note that a case would be the variation in depth of 32.565 of December, the upward trend of the course structure of the interrupt and, therefore, probably a deeper correction.
The High of the last week has completed a 88,6% Fibonacci Retracement of the previous upward trend. If the High of the last week is exceeded by 34.060,13, could jump in the Sensex even higher. As long as the High of the last week is not broken, the downward pressure continues to be very strong.
crypto-currencies: harrowing performance
Cryptocurrency friends were shocked last week again, since most of the Coins have fallen in a relatively short period of time significantly. There are a number of factors that could have contributed to the sell-off was:
Hack attacks – There have been reports of Hack around, circled attacks on the trading robot Apps Binance, a Top-trading stock exchange.
afraid by the rules or regulations of The U.S. securities and exchange Commission announces a Plan for the regulation of crypto exchanges. In this case, this should be considered as securities stock exchanges are regulated, which represents a further regulatory layer for industry in the United States.
Great offer – The bankruptcy Trustee of Mt. Gox has sold since the end of September, Bitcoin and Bitcoin Cash in the amount of approximately 324 million euros. It is reported that there is approximately 1.4 billion euros are to be sold to assets. Of course, stoking fears that a large supply has pushed for an unknown period of time, the courses and will continue to press.
This news may have a role in the movement in the market, but in almost all cases, this has been coming for a bearish sentiment and lower courses, suggests hung. The message have, at most, accelerates the movement in the direction taken by the course already. For those who sell nimble and were able to in the short term, have offered some nice opportunities.
IOTA and Dash were the biggest losers. IOTA has fallen to 0,53 US-Dollar (EUR 0.43), or 27.9 percent, and closed with USD 1.38 (1.12 euros). Dash fell to 109,40 US Dollar (88,88 Euro), or 18.1 per cent, and has in 494,88 US Dollar (402,07 Euro). Dash is still a clear downward trend, which can be seen with its trend line, moving average, and rate structure (lower highs and lower lows). The course is broken through by the Support of the 200-day average down and tests the Support of the fluctuation lows of 376,05 US Dollar (305,52 Euro) in February. The Low of the last week was 438,80 US Dollar (356,51 Euro).
Although Ripple has fallen to $ 0.07 (0.06 Euro), or 8.4 percent, to a level of 0.82 US Dollar (€0.67), he has made the crypto-currencies have the lowest loss. At the beginning of the week, Coinbase has put an end to the rumor that the stock market will absorb the Ripple on its platform. XRP will still be in a downward trend, but still above its 200-day average, while other large Kryptos are already below their 200-day average. Shortly after Ripple of Litecoin follows with a decline of 12.8 per cent. Litecoin has risen 27,28, US Dollar (22,16 Euro) and closed at 186,04 US Dollar (151,15 Euro), very close to the Resistance of its 50-day line. Until last week, he has kept for weeks on the Support of the 50-day line.
Ethereum: a solid Support to the top jump, but he can keep? Ethereum last week with a loss of 129,89 US Dollar (105,53 Euro), or 15.2 percent, in the case of 724,61 US Dollar (588,71 Euro). He remains a clear downward trend and is below the 50-day line, which continues to fall. But he is also above its 200-day moving averages, continues to rise. The Low of the last week was 637,73 US Dollar (518,13 Euro), which was approximately at the junction between the 78,6% Fibonacci Retracement of the 127,2% Fibonacci projection. The projection has also completed a ABCD pattern and a moderate movement, the second Leg was down from the fluctuation high at point A at about 127,2 percent of the change in the price of the first Leg down.
The important Resistance that should be kept in mind, is close to the down trend line. The price of ETH/USD would need a daily close just above the line before we can say that the jump up from the ground last week (at D) will continue. If the price slips even more under the Low of the last week, then you should keep a Support at the intersection between a plurality of Fibonacci price Levels at about 612,67 US Dollar (497,77 euros) on the look-out. Thereafter, a rate zone is between about 587,07 US Dollar (476,97 Euro) (the 200-day average) and the current variation in depth of 565,54 US Dollar (459,48 Euro).
IOTA: relatively weak,
IOTA since the record high of 5.80 US Dollar (4,71 Euro) in December, after a clear down trend pattern like. He has shown not only last week the weakest performance, but even the weakest performance so far in the year 2018, as a whole, as he fell to 60.6 percent. Last week, he was in a special Situation. He was the only one of eight crypto-currencies, which fell under variation in depth from the February. This is a sign of relative weakness compared to the other seven crypto-currencies on our list. The lows of February stood at 1.20 to the US Dollar (EUR 0.97), and last week, the price of IOTA/USD has fallen to 1,136 US Dollar (EUR 0.92). As a result, he has recovered back to the top. In addition, the crypto-currency since the decline last week, now clearly below its 200-day average (purple line), after he was in the last couple of weeks.
The Resistance at the 200-day average now stands at 1,71. Also the down trend line is not far away. The brown, falling 50-day line will show on the Chart, that he followed the down trend line in the last couple of months. This means that a bull breakout out of the line pretty quickly, a break above the average, which is currently 1,965 US dollars (1,59 euros). Until then, the Downtrend continues.
The market data are taken from HitBTC exchange and the diagrams for the analysis come from trading view.
