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The market data are taken from HitBTC exchange.
Bitcoin (BTC) was at 31. October ten years old, but there were no fireworks to the celebrations: the crypto-currencies remain in a tight range. Arthur Hayes, CEO of BitMEX, believes that the current low volatility may continue for 12 to 18 months and the price of the leading crypto-currency in a range between US $ 2,000 (1.757 Euro) and up to 3,000 US dollars (2.635 euros).
We are, however, of a different opinion. We assume that the volatility is not long so low. Within the next few weeks, we expect a large movement that sets a new Trend in motion. The only question is whether this Trend goes upward or downward.
BCH/USD
This week we have a new frontrunner. Bitcoin Cash has increased in the past week by about 9 percent. Until Thursday, the price of this digital currency has stagnated, much like the other crypto-currencies. On Friday, the price shot up, however, after the announcement of the crypto exchange Binance. In this it was stated that the stock exchange in the coming Hard Fork on may 15. November would support it. You can continue the rally after the first rise? Let us find out.
The long-term Trend in the BCH/USD Pair goes down significantly in the direction of. In the course of this year, it could not hold the support level and reached by going lower lows. Although the bulls were able to keep up in the last seven weeks, the brand of 408,32 US Dollar (358,73 Euro), you have not managed to drive the rates up. This indicates a lack of demand at higher levels.
The current recovery will face rigid resistance in the area between 591,41 US Dollar (519,58 Euro) and 660,0753 US Dollar (579,6236 Euro). If the price can hold above this range, he can rise to 891,4634 US Dollar (782,8095 Euro), and then to US $ 1,200 (of 1,054 euros).
below is 408,32 US Dollar (358,73 Euro). This can extend the decline to up to 282 US dollars (247,75 Euro). The longer the virtual currency remains in a narrow range, the more violent the next move will be. You had in the past vertical rallies; Therefore, traders can buy, if a reliable purchase constellation.
XLM/USD
After BAT has been recorded recently on the crypto exchange and Wallet Coinbase, Stellar the next crypto-currency, which creates the? Many believe that XLM meets the necessary conditions, in order to be on Coinbase listed. If that happens, we could see a Rallly. What are the main levels to watch out for?
The XLM/USD Pair has formed a large descending triangle pattern that completes a case, and conclusion (UTC) 0,184 US Dollar (0,162 Euro). Currently, the bulls trying to get out of the downward trend line of the triangle break out, which would let the bear pattern to fail. If the bear pattern fails, it is a positive sign.
we like it that the digital currency could hold their own in the last five weeks above the level of $ 0.20 (EUR 0.18). This indicates a demand on the lower levels. If the bulls manage to hold above the downward trend line, is a rally towards $ 0.36 (EUR 0.32) and 0.47 US-Dollar (€0.41). Traders can still wait until the price exceeds $ 0.30 USD (0.26 Euro), and then use the currency to buy. Because if the prices fall after a breakout from the downtrend line greatly increases the likelihood that there will be a decline to below 0,184 US Dollar (0,162 Euro).
We present also The crypto-currency pair* ARK/USD
ARK is currently ranked 71 by market capitalization. He is going to publish the long-awaited new core code base that makes it faster and more modular. It also includes a similar plug-in functions, as there are in WordPress.
Everyone can create his own, fully-customizable, Chain -, cross -, compatible Blockchain with ARK. The crypto currency is also use for the first time a delegates ‘ use of evidence (DPOS), and static/flat-rate fees on a customizable, dynamic fee structure move. There are regularly a number of new features and partnerships. Information on this can be found on the Blog.
Similar to the other crypto-currencies of the ARK/USD is in a strong downward trend since it reached in early 2018 at its maximum value. The cops tried to stop the decline in the mark of US $ 2 (1.76 euros), which acts as a strong support. At the beginning of June have made it to the bears, but below this level, which led to a sharp decline.
The virtual currency peaked in mid-August at 0,50712042 US Dollar (0,4453 Euro). Since then, the rate has increased gradually, which is a positive Signal. Next up is the brand of 1,0202093420 US could function Dollar (0,8959 Euro) as a rigid resistance. If the bulls to overcome this level, a rally towards overhead resistance is likely. This is between $ 1.68 (1,48 Euro) and 2 US dollars (1.76 euros). The digital currency is about to win 2 dollars (1.76 euros) likely to be dynamic.
Further below, if the bears can run the course in under 0,50712042 US Dollar (0,4453 Euro) to sink, to decline to US $ 0.40 (€0.35) and 0.30 US Dollar (EUR 0.26).
XMR/USD
Monero increased in the last seven days to a little more than 1 percent, and finished with a market capitalization of over 1 billion US dollars (878,5 million euros) to the third place in the list of Cryptocurrencies that have brought the best performance.
Since the beginning of July, the XMR/USD is in a range of between 81 US-Dollar (71 Euro) and $ 150 (131 Euro). In the past seven weeks, the range has shrunk to between 100,453 US Dollar (88,209 Euro) and 128,65 US Dollar (113,02 Euro). Compared to last week, which is weekly margin continued to shrink. The tighter the spread is and the longer it keeps, the stronger the eventual eruption or decrease will be.
The first movement, however, is often only a deception. Therefore, traders should wait for the breakout is holding and it is purchases before you decide to buy. There are no significant Resistances over 150 US-Dollar (113,02 Euro). A such, there are only 300 US dollars (263 euros).
conversely, would raise a case under 100,453 US Dollar (88,209 Euro), the probability of a decline to 81 US dollars (71 euros). This level is important support, because it has been broken for over a year clear to the bottom. If this level is exceeded, the digital currency quickly to between US $ 52 (46 Euro) and US $ 58 (51 Euro).
EOS/USD
EOS has secured again the top spot in China’s sixth global public Blockchain technology assessment index. On the other hand, a study by the Benchmarking company white block for ConsenSys came to the conclusion that the EOS was a “lack of the basic components of a Blockchain or Peer – to-Peer network”, and “in Essence, a centralized Cloud Computing architecture, the same”.
The EOS/USD Pair since August in the range of 4,493 dollars (3,945 Euro) and 6,8299 US Dollar (5,9975 Euro). In the last five weeks, the margin has shrunk. This suggests a balance between bulls and bears. Currently, none of the two parties makes big steps and new investors are still waiting.
If the price breaks out of the narrow range, it can up to 6,8299 US Dollar (5,9975 euros) to climb. Above this level, we expect that there will be purchases that can bring the digital currency to 9,4456 US Dollar (8,2943 Euro), and then 15 dollars (13 euros). If the price falls, however, under the current narrow margin, he can fall to 4.49 US Dollar (3,94 EUR). This level is only a little support. In 3,8723 US Dollar (3,4003 Euro) is the key support. Below this level the price could fall to US $ 2.40 (2,11 euros) and then to 1.70 US Dollar (EUR 1.49).
XRP/USD
Ripple has won more institutions for its platforms, focusing mainly on cross-border payments. The middle East is a lucrative market, as the number of payments in and out of the Region is very high. Ripple has already worked with some banks in Saudi Arabia, Kuwait, Bahrain and Oman. The company now plans to open by the end of the year, an office in Dubai. How does it look on the Charts?
The XRP/USD Pair has risen in mid-September with a strong rally. However, the bulls could not maintain the momentum, and the Pullback extended to a slump in the level of 78.6 percent. Normally, trading within a range after such a deep slump, probably, the last a couple of weeks. In the last two weeks of the 20 weeks acted-EMA as resistance. If the cops out of the immediate resistance zone between 0,475 US Dollar (0,417 EUR) and $ 0.50 (€0.44) break out, an increase to 0.62 US dollars (€0.54) and 0,7644 US Dollar (0,6712 Euro). We expect that a new upward trend in about 0,7644 US Dollar (0,6712 Euro).
If the bears leave the course under 0,37185 US Dollar (0,3265 Euro) decrease, it is complete, the virtual currency a 100-percent burglary and on the critical support at 0,24508 US Dollar (0,2152 Euro).
The market data are taken from HitBTC exchange. The Charts for the analysis come from trading view.
*disclaimer: the ARK are presented crypto-currency from one of the sponsors of Cointelegraph. The fact that this was listed here, had no influence on this rate analysis.
