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The Martkdaten were provided by HitBTC exchange market.
The crypto markets to consolidate for a few weeks in a narrow range. Investors are waiting on the sidelines to avoid these sideways trading, and the trading volume has fallen. We expect that purchases use then, as soon as the prices have broken out of their trading ranges, which could trigger a new upward trend.
The next important event which is likely to affect the markets, is the decision of the U. S. Securities and Exchange Commission (SEC) submitted proposals to a Bitcoin Exchange-Traded Funds (ETF). What decides the SEC, the crypto will respond with currencies likely to wild out.
The Start of the “Bakkt”platform of the Intercontinental Exchange (ICE) on may 12. December is not likely to elicit the same enthusiasm as the introduction of Bitcoin-Futures in the past year by the CBOE and the CME. Nevertheless, this is a welcome step. He could attract institutional investors, because the platform is physically set-based contracts.
Vertex Ventures, a subsidiary of Singapore-based state investment company Temasek Holdings, has invested in Binance, one of the largest crypto-currency exchanges worldwide. This is a positive development, since funds such as Vertex Ventures tend to invest for the long term, and its gradual market will move in more institutional investors to get you started.
BTC/USD
The trading range of Bitcoin has narrowed in the last three days. The margin should widen towards the top, is a recovery on 6.831,99 $, probably. A sustained move above the overhead resistance, should lead to the descending triangle is invalid and the sequence of lower highs ends. About 6.831,99 $ for a recovery on the 7,400 $ is likely to be.
Our short-term optimistic assessment is void, if the bears push the price under USD $ 6,500. The BTC/USD Pair had a negative Outlook, should fall below the critical support zone of 5,900-6.075,04$. Therefore, traders can keep their Stop Loss at 5,900 $ for your Long positions.
We assume that the volatility increases in the next few days. The price breaks out upwards, we will tighten the Stop Loss to above.
ETH/USD
Ethereum has acted in the last few days, between the 20-day EMA and 188,35$. A collapse of the short-term support line. the price on the Intraday Low from 167,32 $ 12 September press.
If the bulls succeed, the moving, averages is, a recovery to the upper end of the range. The ETH/USD Pair gets a positive Outlook, if it can hold above $250.
A breakout of the range can bring the price down to 322 $, what is considered to be stiffer resistance. Traders should wait for confirmation of the breakout over $ 250, before opening Long positions.
XRP/USD
The volatility of the Ripple has decreased. Both the moving averages and the RSI flatten, which shows a balance between buyers and sellers.
The top of the Resistances lie at $0,5, $0.55 and $0,625, and at $0,388, and $0.37 for the two supports.
We recommend traders to wait for the XRP/USD wakes up Some more buying interest. We suggest Long positions as soon as we find a reliable buy Setup $0.5.
BCH/USD
Although Bitcoin Cash is in a symmetrical triangle, closer to the price in the last few days on the support line, which is a negative sign.
The moving averages tend to be gradually moving down and the RSI is in the negative range. This shows that the bears have the upper hand.
A collapse of the triangle is expected to result in a continuation of the downward trend, and the BCH/USD-drifting Pair to the next support at 300 $. Traders should keep a Stop Loss at 400 $, just below the Intraday lows of 11. September. The Couple should develop bullish as soon as the price from the triangle breaks out upwards, and this remains.
EOS/USD
The Intraday range at EOS has been reduced in the last few days. The moving averages and the price are all close to each other, while the RSI is almost in the neutral range. This shows a lack of buying or selling interest of market participants.
This extremely low volatility is not likely to continue for long. Soon the price will either rise to the top, or from the current levels to crash.
purchased When the prices move to the top, can frame a breakout with a closing price (in UTC time) on 6,8299 $. If the EOS/USD-drops and Some of the current levels, is a decrease to 4,493 $ and 3,8723 $ more likely. Traders can keep the Stop Loss on their existing positions in 4.9$.
XLM/USD
Stellar is close to the down-line of the descending triangle, which is a positive sign. Although it could not break out above the overhead resistance, we like the way it has held up through the moving averages.
build If the bulls succeed from the triangle to break up, could Trader at a closing price (in UTC time frame) about $0.27 to Long positions. Target a rally to 0.36 $, with a weak resistance at 0.3 $.
Should drop the XLM/USD Pair from the current levels and under the moving averages is a decline in the support zone of $0,184-$0,2 probably.
LTC/USD
Litecoin has almost reached the low point of the range of 49,466-$69,279 $. In the last two recoveries, the rebound did not reach the lows, however, the upper limit of the trading range. This shows that the seller to resolve any small rally immediately positions.
The LTC/USD Pair has formed a bearish descending triangle pattern, which would be a collapse under 49,466$. Such a collapse would be very negative and could prices to the next support at 40 $ drop.
The first sign of an upward trend is expected to be a breakout over $ 60, reversing the declining pattern. We will wait until the price is over 70 $, before we can be positive again.
ADA/USD
Cardano is since a few days, close to the midpoint of the range of 0,060105-$0,094256 $. The cops, however, it is difficult, on both of the sliding escape means to the top.
If the bears, the ADA/USD-Pair is under $0,069 to fall, a re-Test the critical support at $0,060105 probably.
If the price rises, however, 0,083$, you could recover the crypto-currency to the upper end of the range. We will wait until the price breaks out either from the margin to the top or to the bottom end of the range falls before we propose any Trades.
XMR/USD
Monero serve has reached the 50-day SMA as resistance. The cops should break out the mark of 112.5 $ according to above, increases the probability of a rise on 128,65 $.
Should turn the XMR/USD Pair at the 50-day SMA down, it could drop to $100. The moving averages are flat and the RSI is near the neutral range. This indicates a balance between buyers and sellers.
Should break out the bulls from the current range of $100,453-$128,65, can extend the recovery to $150, which could act as a rigid resistance. A break below $100 could allow the Pair to $81 fall. We currently do not see any buy Setups, and therefore recommend no Trades for this Pair.
TRX/USD
TRON is for more than two and a half months in the area of 0,0183 to 0,02815521 US Dollar. Currently the price moves in the upper half of this range.
the next movement of The TRX/USD pair should be used by a breakout above or below the margin. While TRON could rise to 0,04158193$, or 0,00844479 $ fall.
The price movement within the range should remain volatile. Therefore, we recommend traders to wait with the build-up of Long positions up to a breakout from the range.
The market data are taken from HitBTC exchange market. The Charts provided by trading view.
