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The Martkdaten were provided by HitBTC exchange market.
After the first signs of recovery, opinions are divided about the recent upswing of the market. One reported a false Alarm, while the others assume a soil formation, which leads to a new upward trend. Michael Bucella of the crypto-investment company Block Tower Capital told CNBC that the smart investors start to invest.
nevertheless, Paul Donovan, chief Economist of UBS, looks, digital faulty currencies, as “disastrous”, so that they never correct currency could be. The current market Crash has led many to question the longevity of crypto-currencies. The ascent and descent of the asset class to show how much of the market between euphoria and pessimism varies.
For investors, the faithful are not crypto -, the current situation is difficult. For all who believe in the long-term success of crypto-currencies, sees Ric Edelman, the founder and CEO of Edelman Financial Services, which is the perfect time to buy Bitcoin.
we or other experts will be Able to see the exact soil formation before? No! A real ground you can see only in hindsight. Therefore, investors should go slowly to your positions to a Portfolio. Let us see what Kryptos good buying opportunities!
BTC/USD
Contrary to our expectations,the rise of Bitcoin has not reached the 38.2% Fibonacci Retracement Level of 4.712, US $ 89. This shows that the bears wait for not only a higher price before you sell.
At the smaller uptrend line, there is a weak Support, below this a further drop to the Low of 3.620,26 dollars is possible. A crash on this year-low, further selling could generate pressure, whereby the BTC/USD would be Some traps up to 3,000 US dollars. This Level, however, must be kept strictly, otherwise it could go up to 2,410 US dollars according to below.
We expect, however, that the Zone between 3,500 – 3.000 US-Dollar. Accordingly, investors can hold Long positions continue. We will only close if the bears can in the long term, come under the $ 3,500.
Should lie down the course of an upswing, then it can go up to 4.712,US $ 89 or even 5.050,US $ 4 upwards. We can add more positions, if the crypto currency develops to the North.
XRP/USD
Ripple has our recommended buying level to the 28. November reaches, however, could not come about 0.4 US-Dollar brand. Currently, the rate goes down again, leading to a re-examination of the day’s low of 25. November can lead.
The 20-day EMA is directed downwards and the RSI is close to the 40 mark, what is on persistent selling points of pressure. A fall below the Support of the descending channel could lead to a downturn in 0,24508 US Dollar. The Support should hold but, then, we expect a jump back to the top of the price range. Investors who bought on our recommendation of the items, these should be retained with a stop of 0.3 U.S. dollars. If the XRP/USD Pair than 0.3 US-Dollar, can these be closed.
ETH/USD
The rest of Ethereum is burned out on the 127,87 US-Dollar brand. The downward trend thus continues, wherein during the last 7 days with a price range of 130.5 – 102,2 US Dollar could be found.
would make A top-side breakout from the range, the 20-day EMA on a weak resistance, but we assume that this can be overcome. The ETH/USD Pair is facing then 167,32 US Dollar is a strong resistance, but if this brand can be cracked, is close to the 50-day SMA. We advise that investors wait for such a reversal of the trend before a Long position would be entered.
BCH/USD
Bitcoin Cash continues to remain in the narrow range between 204,76 – 148,27 US Dollar. The longer the course is going to be in this half, the more of a possible outbreak.
Both of the Moving average (MAs) are pointing downwards and the RSI is in the oversold area, indicating that the bears have the upper hand. We had suspected that there is a breakout on the upper side, since the selling pressure was high, and the BCH/USD was a Couple already in the oversold area, but a lack of buying and selling activity on the part of the bears, could lead to a collapse of the price range.
If the price remains below 148,27 US Dollar, then he could slip even on the next Support at 100 dollars. The cops should be able to defend, however, the bottom of the range and a recovery on 204,76 US Dollar, then we expect a rise of up to 242,9 or even 272,14 US Dollar. Aggressive investors could try to swim on this wave up, but because this goes against the actual Trend, we recommend to keep the position size small.
XLM/USD
If a Support fails, then he becomes a new resistance. The stronger the Support, the stronger, therefore, the resulting resistance. Stellar has turned away from the top-side resistor of 0,184 US Dollar.
The bears will try the recent Low of 0,13427050 to offer and the XLM/USD Pair to the $ 0.08 mark down. On the other hand, the bulls will try to defend the Zone between 0,13427050 and 0,1547188 US Dollar. We evaluate the crypto-currency in a positive way, as soon as you can keep above 0,184 US Dollar.
EOS/USD
EOS is in a strong downward trend. After a day with the rise, the crash, causing the exchange rate has fallen to a new low for the year. The next Support is located at the 2.4-US-Dollar brand.
the trend-line shows the Failure of The EOS/USD pair to the downside, the bears are in control. The investors should wait until the crypto-currency is forming a bottom and stabilized before investing.
LTC/USD
Litecoin is also more in eggnem downward trend, with the two Moving average pointing downward and the RSI is in the negative area. The upturn came at the 36 US-Dollar brand into the Hold, reflecting a lack of buying interest at higher levels.
The bears will try to reach a new low for the year, while the bulls will defend the current lows. The bears should be successful, then the LTC/USD could fall Pair at $ 20.
If the cops are in the situation, the current low buying and to create a higher-lying Deep, then this is a sign of strength. The crypto-currency, it’d be the turn of any trend, if it can hold above the downtrend line. Until then, however, it is still vulnerable to an attack by the bears.
ADA/USD
The sellers have not waited for until the recovery reaches the 20-day EMA, but have divested their positions immediately. Cardano will test the current Low of 0,033065 US Dollar again. If the bears can get the Support and break through to a new low for the year, then you can set the camber up on 0,025954 US Dollar.
Can hold the cops to the Support, however, then it is possible that the ADA/USD Pair starts to bottom out. A reversal of the trend would imply that if the price reached higher highs and higher lows, but in the meantime, the bears will take advantage of any upturn.
XMR/USD
The recovery of Monero was only of short duration. The cops were not able to reach the top-side resistor of 71 US Dollar, reflecting a lack of buying interest in reading. The Trend is still pointing down, both Moving average pointing downward and the RSI is near the oversold area.
A crash below the $ 53 mark would continue the downward trend continued and the XMR/USD could pull the Pair to the Support of US $ 40 down. If the bulls can defend the psychologically important Support of US $ 50, then is buying interest at lower levels, which increases the likelihood of soil formation. Investors should wait for new buying opportunities.
TRX/USD
The strong upswing of TRON took short is above the 20-day EMA. Currently, the bears are trying to push the price back towards the previous lows.
The downward trend remains in place overall, and the bears have successfully defended the first resistor, what your strength is. The TRX/USD Pair under 0,01089965 US dollars, then the next target 0,00844479 US Dollar.
on the Other hand, if the bulls are to the course on the days low of 25. November can lift, then the digital currency could make a consolidation. However, there are so far no signs of a trend reversal.
The market data are taken from HitBTC exchange. The Charts for the analysis come from trading view.
