The views and opinions listed here are solely those of the authors necessarily reflect the views of bcointalk.com . Each Investment and Trading involves risk and you should be good to do research before making a decision.
The market data are taken from HitBTC exchange.
On the 15. October, have shed some market participants the Stablecoin Tether as the CEO of the Coins, who is also the CEO of Bitfinex, with rumors of insolvency of the two companies was faced. Tether fell briefly below US $ 1 (€0.87), as traders sold him and other crypto-invested currencies. This led to a temporary increase in the entire crypto market capitalization of around 220 billion dollars (191 billion euros)
After the initial rush, most of the digital currencies, however, have their Intraday gains reversed and stabilized at lower levels.
Although most of the Top crypto-currencies in a range stuck, there are some that signal a bottoming. We consider the five main digital currencies, with a market capitalization of at least US $ 1 billion (€872 million) which have risen in the last seven days at the most.
XLM/USD
Stellar secured the top position and grew up in the last seven days to about 15 percent. There were a few events that have contributed to the fact that it is grown in a stagnant market.
There were rumors that the new platform for institutional investors from multi-national financial services company Fidelity XLM wants to use the Blockchain for the Transfer of digital Assets.
the listing of XLM on the crypto exchange Coinsuper has been well received by investors as positive. Another positive news is the announcement of a partnership between Stellar and crypto-currency exchange, Hyperion, a subsidiary of the canadian company Global Blockchain Technologies.
Can maintain Stellar work on his swing, or he’s approaching critical overhead resistance? Let us find out.
The XLM/USD Pair was in the first week of this year 0,98239146 US Dollar (0,8565 Euro) and is now in a downward trend. It is the triangle, which is completed with a case and a circuit (UTC) support is currently within a descending.
On the other hand, the bears could not keep the Pair in 2018, however, under 0,184 US Dollar (0,160 euros). The digital currency has rebounded from this important support from three times. If the bears don’t create it repeatedly, a Level break, it is a positive sign. If the price corrects itself to this level, it signals that this is a big part of the crypto-currency is in strong hands.
If the cops continue with their purchases at higher levels and the downward trend line of the triangle break out, beat the bear pattern to fail. The Failure of a bear pattern, a bullish indication.
Therefore, it is likely that a circuit (UTC time frame), tighten on the triangle to the buyer and a new upward trend will begin. This can bring XLM to $ 0.47 (0.41 Euro), and in addition, 0.63 US $ (0.55 Euro).
Our bullish assessment is invalid, if the bears can keep the price under 0,184 US Dollar (0,160 euros).
XRP/USD
The second strongest Cryptocurrency, which has a nearly double-digit growth, is Ripple. Throughout the month he was in the news. Cory Johnson, the chief market strategist at Ripple Labs, has indicated that the White house might be interested in the XRP acceptance advance, to counter the dominance of China in the Bitcoin Mining industry.
On the 17. October, the Deputy Director and Chief technologist of the Bill and Melinda Gates Foundation, Miller Abel has a partnership with Ripple Labs, Inc. and the digital payment firm Coil. By multiple positive news, which have driven the price movement has Ripple experienced this week a small Comeback. The more so, or the Coin will lose its recent gains?
The XRP/USD Pair is in the year 2018 in a downward trend. He has not be able to repeatedly hold the support levels and has achieved at regular intervals to new lows.
Currently, he is way below the 20-week EMA and the 50-week SMA. He is, however, trying to establish a higher Low at 0,37185 US Dollar (0,3242 Euro). The previous Low was 0,25300 US Dollar (0,2206 Euro). If the bulls manage to lift the price to over 0,76440 US Dollar (0,6665 Euro), this indicates, probably, on a floor, and could signal the beginning of a new upward trend. The higher levels, you should continue to keep at the top of the eye, are $ 0.96 (0,84 Euro) and 1.22 US Dollar (1,06 euros).
later, when the crypto-currency falls under US $ 0.25 (EUR 0.22), it can sink to a new Low. We believe that traders should wait until there are buyers, before you open a Long Position.
NEO/USD
NEO celebrated the second anniversary of his Mainnet Launches and the market celebrated this event by having read the course in the last seven days, by 5 percent.
The NEO/USD Pair looks weak, because it is close to its year low of 13,60337627 US Dollar (11,8605 Euro). Since the beginning of August no visible upturn been seen, suggesting a lack of buying interest. A case under the support level would be a very negative development and can lead to a decline to the next support at 6,47815308 US Dollar (5,6482 Euro).
The above NEO in the 20-week EMA on a rigid resistance. The 20-week EMA moves close to the horizontal resistance at 28,49944165 US Dollar (24,8480 Euro). A breakout above this level could trigger a new rally to 43 US dollars (37 euros) and 60 USD (52 euros). There he could encounter resistance from the 50-week SMA. In addition, the rise can extend to 100 US dollars (87 Euro).
We believe that traders should wait until a new purchase has formed a constellation, before opening new positions.
ADA/USD
Input-Output Hong Kong (IOHK) announced that the Icarus project has been reviewed by an independent external safety auditing company named Kudelski Security. This is to ensure that the Cardano-Wallet for customers is safe.
Cardano has the easily mastered, and the course is in the last seven days, then to about 5 percent. Let us see, whether the Coin signals a trend reversal.
Currently, the ADA/USD has fallen in comparison to its all-time highs of about 94 per cent. Since about one and a half months, the digital currency is in a narrow range between 0,060105 US Dollar (0,0524 Euro) and 0,094256 US Dollar (0,0822 Euro). A breakout from this range could attract the buyer and complete the course in the direction of the 20-week EMA lift. Then, a increase of $ 0.20 (EUR 0.17) could follow.
on the Other hand, can lead to a case, among the margin to a decline in 0,033677 US Dollar (0,0294 Euro). Therefore, traders should wait for a new purchase has formed a constellation, before you open a Long Position at Cardano.
EOS/USD
hackers stole a 65,000-EOS from the operational Wallet of EOSBet, a game of chance-DApp. This is the second attack within 60 days, but the traders have given this message a lot of attention. The digital currency has risen in the last seven days, by 3 percent.
The EOS/USD Pair for over two months in the area of 4,4930 US Dollar (3,9173 Euro) and 6,8299 US Dollar (5,9548 Euro). Positive thing is that the bulls have not allowed the price to go down to the key support at 3,8723 US Dollar (3,3762 Euro). Instead, they try to reach a higher Low in 4,4930 US Dollar (3,9173 Euro).
you have not managed, however, about the overhead resistance. At higher levels, are directly booked profits.
The 20-week EMA and the horizontal resistance both at the level of 6,8299 US Dollar (5,9548 Euro), therefore, this is an important level that you should keep the above in mind. If this level is exceeded, can increase the digital currency to 9,4456 US Dollar (8,2354 Euro), and then further to US $ 15 (€13) shooting.
If on the other hand, the bears manage to come under 3,8723 US Dollar (3,3762 Euro), the virtual currency to US $ 2.40 (2.10 euros). Then, a decrease on USD 1.70 (1,48 Euro) could follow. Traders should wait before buying until the overhead resistance was reached.
