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The market data are taken from HitBTC exchange.
Andy Bromberg, CEO, CoinList, is expected to 2019 will be a quiet year for the crypto-currency courses, while Crypto-focus on the development of products and services that are available to the Public useful. Some analysts, however, expect that the leading digital currency continues to fall. With the negative result in January, Bitcoin is now fallen six months in a row.
This has not led the Top companies, their crypto-projects. The investment company Fidelity has said that the Test of their crypto – currency trading and custody platform is in the final stages. Currently, these services are a small group of customers are offered by the company help to test the process and Refine it. Thereafter, the services will be offered to other institutions and large customers.
hope in a Bitcoin ETF comes up again, as the Chicago stock exchange has filed with the investment company VanEck, and the financial services firm SolidX their application to the U.S. securities and exchange Commission.
Due to the continued bear market in the stock market, many crypto circles under take in order to make ends meet. This is a good opportunity for hedge Fund with a large capital. They have become venture capitalists and make the Best of this decline, as Bloomberg reported. In the light of these new developments, we want to see if we find buying opportunities.
BTC/USD
Bitcoin (BTC) has climbed in the last three days gradually. It is located in the vicinity of the 20-day EMA, which is acting as resistance. The cops could not climb over the 20-day EMA, after which the rate on the 10. January-to-bottom was bent. The 20-day EMA is trending down and the RSI is also below 50, suggesting that the bears have the upper hand.
If the price of the moving averages from downward bends and a total of 3,236,09 US Dollar (2.824,67 euros), he will Loss a whole series of Stop-limit trigger. The next support below is at $ 3,000 (2.619 euros) and including at 2,600 US dollars (2.269 Euro).
If the cops point of the course about the sliding on a probable trend averages, as well as the down-lift the trend line, would turn. The first Signal of an upward trend would be, if the BTC/USD Pair on 4.255 US Dollar (3.714 Euro) breaks out and about. We could recommend traders to buy small quantities, if it closes above the 50-day SMA. Until then, we remain at the leading crypto-currency neutral.
XRP/USD
We had a rigid resistance between the 20-day EMA and the 50-day SMA is expected. Ripple (XRP) is at 31. January snapped off just below the 50-day SMA down.
Further down the cops bought the decline, in order to provide the downward trend line of support. This is a positive Signal. The XRP/USD Pair however, needs to climb above the 50-day SMA to signal strength. Therefore, we maintain our buy recommendation, from the previous analysis.
Our optimistic view is void if the bears make the crypto-currency under the critical support of 0,27795 US Dollar (0,2426 Euro) to decrease.
ETH/USD
Ethereum (ETH) in the last four days in a narrow range between 103,20 US $ (90,08 Euro) and 116,30 US Dollar (101,51 Euro). The down trending 20-day EMA and the RSI is in the negative area, suggests an advantage for the bears. The horizontal resistance and the 20-day EMA are both close to 116,30 US Dollar (101,51 Euro); Therefore, we assume that this level will be a big hurdle.
When the cops come, however 116,30 US Dollar (101,51 Euro), the digital currency up to 134,50 US Dollar (117,40 EUR) to climb. Above this level may extend the upward movement 167,32 US Dollar (146,05 EUR). Since the upside potential is high, we could Long positions suggest, if the price can hold above the 20-day EMA.
If the ETH/USD Pair is 103,20 US $ (90,08 Euro), it is up to the lows of 83 US dollars (72 euros).
EOS/USD
EOS is the 30. January has again been on the margin. Currently, the bulls are trying to defend the lower end of the range. If that succeeds, the crypto-currency is probably the moving averages break out and a rally in the direction of 3,2081 US Dollar (2,7998 Euro) at the upper end of the range lie down. Although there is a minor resistance at 3.05 US dollars (2,66 euros), we expect that this is broken. We could recommend Long positions at a closing (UTC) above the 50-day SMA.
If the EOS/USD Pair falls below the margin and the critical support at 2,1733 US Dollar (1,8967 Euro), continuing the downward trend. The key support levels that you should keep below in mind, 1,7746 US Dollar (1,5487 Euro) and below 1.55 US Dollar (EUR 1.35).
BCH/USD
In the last two days Bitcoin Cash (BCH) has wrestled with over the overhead resistance of 121,30 US $ (105,88 Euro). If that succeeds, it can quickly rise to up to 141 US $ (123 Euro). We will wait until the price is about 141 US dollars (123 Euro), before we look at it as a positive.
The 20-day EMA is trending down and the RSI is below 50, suggesting that the supply exceeds the demand. If the BCH/USD-reverses Some of the current level and below 105 US dollars (92 euros) falls, it can fall on 73,50 US Dollar (64,16 Euro).
LTC/USD
Litecoin (LTC) has since 11. January is consolidating in a narrow range between 29,349 US Dollar (25,613 EUR) and 33 US dollars (29 euros). After he jumped from the lower end of the range back up, we expect a renewed attempt at the overhead resistance to break through.
If that succeeds, it can increase the LTC/USD Pair to 36,428 US $ (31,791 Euro) and on 40,784 US Dollar (35,593 Euro). Therefore, we recommend traders to protect their Long positions with a Stop Loss at 27.50 USD (24 Euro). If the course bends, however, from the current level down and below the support zone between 29,349 US Dollar (25,613 EUR) and 27,701 US Dollar (24,175 euros), he can slip on 23,090 US $ (20,151 Euro).
TRX/USD
the jump from The 20-day EMA back to the top was short-lived, as Tron (TRX) on the 27. January could not hold above overhead resistance at 0,02815521 US Dollar (0,0246 Euro).
That drew in sales and moved the TRX/USD Pair back below the 20-day EMA. Currently, the Pair is trying again to climb over the 20-day EMA. If this is successful, try the cops again, from the margin to break out.
If the bears make the digital currency, however, under 0,02306493 US Dollar (0,0201 Euro) to fall, may you fall on 0,02113440 US Dollar (0,0184€) and including 0,0183 US Dollar (0,0160 EUR). Therefore, we recommend traders, the Stop-Loss at 0.023 per U.S. Dollar (0,0160 EUR).
XLM/USD
Stellar (XLM) has on 30. January puts for a Pullback to the break-in level of 0,09285498 US Dollar (0,0810 Euro), but could not climb over it. The has the course again to new lows. The declining 20-day EMA and the RSI is in the oversold area, indicate that the path of least resistance is down.
If the XLM/USD-reverses Some fast and the overhead resistance at 0,09285498 US Dollar (0,0810 Euro) rises, it 0,07864971 US Dollar (0,0686 Euro) slipping. This support should be broken, may extend the downward trend to 0,05795397 US Dollar (0,0506 Euro).
If the virtual currency is climbing, however, 0,09285498 US Dollar (0,0810 Euro), will try the cops, the downward trend line break out. We could suggest Long positions if the Pair is above the 50-day SMA is rising. Until then, we suggest that traders wait and watch.
BSV/USD
The attempt to jump from the critical support at 65,031 US Dollar (56,754 Euro) back to the top, was after only one day. The price is currently at support.
If the bears let the BSV/USD Pair under 65,031 US Dollar (56,754 Euro) to fall, it may fall to 57 US $ (50 Euro). If this support is breached, the next target is below a re-Test of the lowest level of 38,528 US $ (33,624 Euro). Both moving averages tend to be downward and the RSI is almost in the oversold area. This shows that the bears have the upper hand.
The digital currency, pointing to a recovery, if the bulls can hold the current level and the course on 80,352 US Dollar (70,124 Euro). We see at the current level no purchase constellation.
ADA/USD
The short Pullback in Cardano (ADA) made on December 31. January, just below the moving averages. The fact that the bulls couldn’t attack once the first overhead resistance seriously, indicates weakness.
Currently, the bulls hold the support in 0,036815 US Dollar (0,0321 Euro). If the ADA/USD Pair bounces from the current levels of strong back up, it will try again about moving to climb through cuts.
The 20-day EMA is trending gradually down, and the RSI is in the negative range, which indicates that the sellers have the upper hand. A case under 0,036815 US Dollar (0,0321 Euro) can lead to a decrease on the underlying support in 0,027237 US Dollar (0,0238 Euro). We wait for a trend change, before Long-recommended positions.
The market data are taken from HitBTC exchange. The Charts for the analysis come from trading view.
