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The market data are taken from HitBTC exchange.
The Stablecoin Tether is cited as one of the main reasons for the rise of the crypto-courses, by the total market capitalization on Monday (UTC-time) to over 221 billion dollars (191 billion Euro) shot. But it is not a re-issue of the Tether was-Coins, which is triggered by a rising movement of the market.
It has been reported that Tether (USDT) has been denotiert on different exchanges. This led to that investors have repelled the USDT, and this lost its binding to the Dollar. As a result, he fell on top of up to 0.85 US Dollar (0.73 euros), and he recovered somewhat.
Worried investors exchanged their USDT in other crypto-currencies, which led to a strong recovery. In addition, the price increase Stop-Loss Limits for the Short positions has been triggered and the rally.
It will be exciting and we will be watching whether the crypto-currencies can keep the higher rates or recent gains will lose in the next couple of days. Let’s review the most important levels to consider, which could signal a trend reversal.
BTC/USD
Bitcoin has reached a daily high of 7,550 US Dollar (6.524 Euro), but the bulls have difficulties to keep up this growth. This shows that traders remain on higher levels are stuck, close your positions.
If the bulls manage to close above 6.850 US Dollar (5.919 Euro) (UTC), that would be a positive Signal and the bearish, descending triangle would cause the pattern to fail. Between 7.413 US Dollar (EUR 6,406 Euro) and 7,600 US dollars (of 6,568 Euro), there could be a smaller resistance. It could extend the rally up to 8,400 US dollars (7.259 Euro).
In the next few days will show whether the outbreak has substance or just a short-term recovery. Traders can hold their Long positions and Stop-Loss Limit at 5,900 dollars (4.666 EUR) left.
If the bears turn the tables and under the support area of between 6.075 US Dollar (EUR 5,250) and 5,900 U.S. dollars (5.098 Euro), the BTC/USD Pair is extremely negative, and could fall up to 5.450 US Dollar (4.709 Euro) and 5.000 US-Dollar (4.321 Euro).
ETH/USD
Ethereum is stuck within the range between 192,50 US Dollar (166,36€) and 249,93 US Dollar (215,99 Euro). Today’s rally came close to the overhead resistance, but has not managed to break through.
on the outbreak and conclusion (UTC) 250 US dollars (216 euros) could be dealer to get carried away to buy. This, in turn, would raise the price to the next resistance area between US $ 300 (259 Euro) and 322,57 US Dollar (278,77 Euro). If the bulls reach this Zone, is likely to result in a new upward trend.
The ETH/USD Pair continues its downward trend when it falls below 167,32 US Dollar (144,60 EUR). We find at the current level no purchase constellation.
XRP/USD
Ripple tries an outbreak after it has reached the support at 78.6% in burglary level of the last rally.
Today, the outbreak of a resistance at the 20-day EMA, which falls gradually. Currently, the rate is close to 0,4255 US Dollar (0,3673 Euro).
The XRP/USD Pair will be negative if it falls below $ 0.37 (0.32 Euro). Such a move could reverse the whole rally. The courses could fall back on 0,26913 US Dollar (0,2323 Euro). Traders should still wait for a purchase-constellation, before you open a Position.
BCH/USD
Bitcoin, Cash was able to hold the support line of the symmetrical triangle in the last four hours, and climb higher. So he came close to the resistance line, where it gave the buyer.
even Though a symmetrical triangle is a continuous pattern, it acts sometimes as a reversal pattern. A breakout and closing (UTC) via the symmetrical triangle. a trend change to announce, which could result in a rally to 660 US dollars (570 euros), and then to 880 US dollars (760 Euro) Therefore, traders can Loss for your Long positions with a Stop-Limit at $ 400 (€345).
A case under the triangle and under $ 400 (345 Euro) would be a negative development, and the BCH/USD could Pair to US $ 300 (259 euros) or low to fall.
EOS/USD
the EOS was able to keep the level of 5 US dollars (4,32 euros) in the last four days. Today’s rally stagnated to just over $ 6 (5,19 Euro). The main level above is 6,829 US $ (5,896 Euro). About the beginning of a new upward trend is to be expected.
A case under 5 dollars (4,32 Euro) could lead to a case on the support zone between 4,4930 US Dollar (3,8788 Euro) and 3,8723 US Dollar (3,3429 Euro). Thus, traders should be your Stop Loss Limits in their Long positions at 4.90 US Dollar (€4.23) leave.
About 6,8299 US Dollar (5,8962 Euro) you can climb to the EOS/USD Pair at 9 U.S. dollars (7,78 euros) and higher. Up to the outbreak of the volatility in the margin.
XLM/USD
The rally at Stellar was the overhead resistance at 0,24987525 US Dollar (0,2157 Euro) and the downtrend line of the descending triangle overcome. The cops, however, have difficulties to hold the higher levels. Currently the price is back below the down trend line and the overhead resistance at 0,24987525 US Dollar (0,2157 Euro).
dealer can keep the brand of 0.27 US dollars (€0.23) in the top of the eye. If the XLM/USD Pair above this level (in UTC), this would leave the bear pattern fail, which in turn would be a bull sign.
If the price remains under US $ 0.25 (EUR 0.22), we can expect that the trade within the range. The bear pattern is completed in a case under 0,184 US Dollar (0,159 Euro). Long positions should be closed, if the bears manage to come under 0,165 US Dollar (0,142 Euro) and to close.
LTC/USD
Litecoin is still within the margin between 69,279 US Dollar (59,808 Euro) and 49,466 US Dollar (42,704 Euro). The bulls have defended the lower end of the range for the third Time successfully. This is an important level that you should keep in mind. Because a case would Abwärtstr the end to continue, and the digital currency to below 40 US dollars (34 euros).
The above should be the level of 69,279 US Dollar (59,808 euros) to keep an eye on. If the bulls can close above this resistance, the signal a triple bottom. Therefore, we recommend traders to initiate Long positions at a closing (UTC), about 70 US dollars (60 Euro).
The rally can lift the LTC/USD Pair to 94 US dollars (81 Euro). This level will act as resistance. Once this Level is exceeded, we can expect a new upward trend.
ADA/USD
Although Cardano was in the last four days 0,073531 US Dollar (0,0635 Euro), could cause the bears any major damage.
Today, the ADA/USD-Pair is a strong rally and came close to the overhead resistance at 0,094256 US Dollar (0,0814 Euro). At this level there were buyers.
An outbreak of 0,094256 US Dollar (0,0814 Euro) can the digital currency on 0,11843 US Dollar (0,1022 Euro). This level is likely to be a major resistance. Below the consolidation may continue a bit more, if the bulls manage to keep the course on 0,073531 US Dollar (0,0635 Euro). A case under 0,0685 US Dollar (0,0591 EUR) will lead to further sales, and to lead to a re-Test of critical support at 0,060105 US Dollar (0,0519 Euro).
XMR/USD
Monero in the last four days at the psychologically important support of 100 US dollars (86 euros). Today, the digital currency has climbed up to the overhead resistance at 128,65 US Dollar (111,18 Euro), where it was also, as the previous times, to sales.
If the XMR/USD Pair from 128,65 US Dollar (11,18 EUR) breaks out upwards, it will probably reach the overhead resistance zone of between 142,71 US Dollar (123,33 Euro) and $ 150 (€129). A case under 100 US dollars (86 euros) can lead to a case on the underlying support at 81 US dollars (70 Euro).
If the classes can hold about 107,80 US Dollar (93,16€), could remain in the digital currency several days in a span.
TRX/USD
TRON is again risen above the overhead resistance, but has not managed to hold the higher levels. This shows that over this range the profits have been booked, and a lack of buying interest.
The TRX/USD Pair is again in the range between 0,02815521 US Dollar (0,0243 Euro) and 0,0183 US Dollar (0,0158 Euro). It will gain momentum, if it can hold above the range.
retailers can expect an upward movement in the direction of 0,0415 US Dollar (0,0358 Euro), if the price closes above 0,02815521 US Dollar (0,0243 Euro) (UTC). If the bulls fail to achieve a breakout, it could remain the digital currency a few days in the span.
The market data are taken from HitBTC exchange. The Charts for the analysis come from trading view.
