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The Martkdaten were provided by HitBTC exchange market.
regulation is a double-edged sword. When properly used, it can strengthen the confidence of investors, but if it goes wrong, then you spooked investors. Based on new asset classes, can lead to the usual regulatory measures to the Chaos.
The Japanese financial Supervisory authority (FSA) has now demonstrated how to do it differently. So she has given to the Japanese Association of crypto exchanges the authority to formulate appropriate regulations and to implement, with a special focus should be placed on investor protection and Anti-money laundering. If this is the path of self-regulation is successful, this could be a model for other countries.
Central banks give out currencies of their own Crypto? According to a new study, many financial institutions, that there should be Central Bank-controlled digital currencies (CBDCs). However, Masayoshi Amamiya, a Director of the Bank of Japan, the fact that those CBDCs would not improve the current monetary system fundamentally.
The crypto markets have ceased to respond easily to messages and messages, however, it is assumed that whereabouts is not in the narrow price range of duration. Soon, the markets will make a decisive change of direction. Investors should, therefore, be ready to quickly jump on the train, if the journey to the top.
BTC/USD
The frailty of the bear pattern would attract investors. Bitcoin (BTC) was at 15. The descending triangle break out, but was unable to maintain at higher levels. A lack of purchasing power and the fact that the course cannot be used to 6.831,99 US-Dollar, bearish (negative) indicators. If the bears fall under the Support of 6,500 US Dollar, is a crash to 6,200 US dollars, probably.
hold The BTC/USD Pair has been able to the critical support area of 5,900-6.075 US Dollar several times. This Support should fall but, this will trigger the stops of many Long positions, which could result in the course quickly to 5.450, or $ 5,000 down. Accordingly, we recommend to keep Long positions with a private stop of 5,900 USD.
The digital currency reached a trend reversal if the price can climb over 6.831,99 US-Dollar, because after Overcoming this resistance, it could rise to the 7,400 or even 8.400 US dollars.
We assume that the rate breaks out in the next few days, either up or down from the 6.831,99 – 5.900 US dollars price range, what indicates the direction of the next trend.
ETH/USD
Ethereum (ETH) is located below the Moving average, the point downwards. The RSI is also in the negative range, which overall, realize that the bears have the upper hand.
If the cops don’t make it, the lubricant ends, then falling on 188,35 US Dollar is likely to be. If this mark is undershot, could be in for a re-Test of 167,32 US dollars, below which would continue the downward trend of the ETH/USD pair.
The digital currency can reverse the Trend, if you can hold on the top-side resistor of 249.93 US Dollar. Even a recovery to 322 the US Dollar could follow.
XRP/USD
Although the Intraday price range of Ripple (XRP) since the 17th century. October is continuously become smaller, is flattened, the crypto-currency. A steep upward movement could bring you to the $ 0.50 mark, on the purchasing power are likely to increase again.
investors should wait until a constellation is above 0.50, the US makes the Dollar before a Long position would be entered. The key levels are in the range of 0.55 US dollars, 0,625 US Dollar and 0,76440 US Dollar.
If the XRP/USD developed a Few down, then a case could be up to 0,37185 US dollars and including even 0,26913 US Dollar.
BCH/USD
The cops were not able to initiate from the Support of the descending triangle is a recovery, what is a bear sign. The Moving average pointing downward and the RSI is negative, suggesting that the path of least resistance for Bitcoin Cash (BCH) is the bottom.
A crash from the triangle could continue the downward trend continued and the BCH/USD Pair to $ 300 (and lower). Investors should, therefore, be for existing Long positions, the stops at 400 US dollars. The digital currency is positive if it can break out upwards from the triangle.
EOS/USD
Both buyer and seller seem to have the interest in EOS is lost, since the Intraday Margins since the 16th century. October will be smaller.
An extension of the price range could lift the EOS/USD Pair on the upper-side resistor of 6,8229 US dollars, where previously a strong resistance. If the digital currency is beyond it, set back on the price dynamics.
If the course developed, however, to the bottom, then a re-Test of 4,493 dollars on the program, according to a fall on 3,8723 US Dollar is likely to be. Investors should provide their Long positions with a stop of $ 4.90 USD.
XLM/USD
After a Stellar (XLM) couldn’t the downward trend line of the descending triangle break, it is attracted back to the 50-day SMA, which could now act as strong Support. If the course can take the momentum of this brand, then again a breakout from the triangle could be tried, which is a positive sign.
investors should wait for a completion above of 0.27 US Dollar, because this could raise the rate to $ 0.36.
If the cops can’t defend the 50-day SMA, then a fall of the XLM/USD pair to the Support Zone of 0,184- $ 0.20. If this Support will break away Zone, then the downward trend and could reach a new annual lows.
LTC/USD
Litecoin (LTC) has a absdough triangle formed, which is a bearish sign. In the case of a close below the 49,466 US-Dollar brand, this pattern is completed. The Moving average pointing downward and the RSI is negative, how can you tell that the bears are in control. Although the course would be objective in such a case, 29 the US Dollar, we expect the US $ 40 brand a strong Support.
The bear pattern is invalid, if the LTC/USD Pair is about 60 US Dollar. When a bearish pattern cannot be completed, this is a (positive) sign. In such a case, we assume that the cops can climb up on 69,279 USD and even the rise up to the next resistance of 94 US dollars. Investors should wait for a clear break above that before you get in.
ADA/USD
Cardano (ADA) has formed a symmetrical triangle in the price range between 0,094256 – 0,060105 US Dollar. Both Moving average have worked in the past few days as a strong resistance.
A breakdown of the triangle and the support at $0.069 can result in a drop to the critical support at $0.060105.
On the top could increase the Tearing out of the triangle, the probability of an increase to $ 0.12. Although the bulls the resistance in 0,094256 and 0.11 US Dollar, we expect that this can be exceeded. A weak eruption, but it could fail on the top-side resistor of 0,094256 US Dollar.
Accordingly, we recommend that investors wait for a strong breakout of the ADA/USD-pair, marriage, Long positions should be entered.
XMR/USD
Monero (XMR). the 50-day SMA and the upper-side resistor of 112,44 US Dollar can not break through, what has led to sales Currently, the rate has fallen below the 20-day EMA, and could slip below to 104,12 US dollars or 100 US dollars.
A recovery on 112,44 US Dollar could attract purchasing power, what is the XMR/USD Pair to the upper end of the range of 128,65 US-Dollar raise.
After such a long time within a small margin, we will assume that the price spread will widen.
In the last days it was more often the case that a course is increased, and shortly thereafter, his prize, back to void. Accordingly, we recommend to wait that the price closes strongly, before new Long positions are entered.
TRX/USD
TRON (TRX) falls slowly after the 15. October could be achieved, the upper end of the price range. Currently, the rate between the two Sliding is located. The 50-day SMA should be below, then a fall to the next Support of 0,02815521 – 0,0183 US Dollar. Below this Support Zone of the crash may go up to 0,00844479 US Dollar.
If the price is above the 20-day-can remain EMAs, then an increase up to the upper side of the margin is possible. Both Moving average are flat and the RSI is in the middle, which means that the TRX/USD remains a Pair of probably still be in the price range. As soon as the digital currency can close above $ 0.30 USD, we are bullish.
The market data are taken from HitBTC exchange market. The Charts provided by trading view.
