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The market data are taken from HitBTC exchange.
Many crypto investors have lost this year, large sums of money. The total market capitalization of crypto-currencies is now even a risk that less than 100 billion US Dollar mark. In contrast to traditional investment funds, there is the Kryptos, as yet, no standard market price at which they could settle. Experts are trying so feverishly to determine this.
Tom Lee, one of the most well-known Bitcoin advocate and co-founder of the economic consultancy Fund Global Advisors has entered, thinks that the fair market price of Bitcoin between of 13,800 and 14,800 US dollars. Accordingly, it is expected that this will recover in the long term, from the current Situation, at the latest, as soon as the acceptance of crypto-currencies is progressing.
Due to the weak bear market this year, one would suspect that most of the investors are bailed out of the asset class, however, a study by the Cambridge centre for research in Finance shows that the number of verified crypto-users has doubled in the first three quarters (from 18 million to 35 million). Can be obtained from a recovery in the near future reading?
we Launchers a look at the charts and we try to understand whether the rates will fall or rise.
BTC/USD
A weak recovery after a re-Test of critical Support Levels is usually a bad sign. This shows that the rate has not yet reached the corresponding value, to purchase attract interest. Bitcoin is now fallen without opposition under the year’s low of 3,329,05 US Dollar and has reached at 3.307,02 US dollars a new.
Should create the BTC/USD Pair it from the current Support to push off, and with this momentum, the 20-day EMA to break through, then this would be a positive Signal that could lead to a climb up to 5,000 US dollars.
If the recovery is weak, however, then a crashing among the 3.307,02 US-Dollar brand is, probably, the next Support would be at $ 3,000. Although the range between 3.000 – 3.500 US dollars is a strong Support Zone, there is still no interest in buying. The 3,000 of US should cave in to the Dollar Level, then there will be other sales, which could push the crypto-currency to 2.416,US $ 52.
The only good character is a positive divergence of the RSI, should not move of course but still up, this could be a trap.
XRP/USD
Ripple was able to keep the Support of 0,28600 in the past 7 days, which, however, no significant recovery has developed.
There is no recovery is made, increases the probability of a breakthrough of the Support level. Both Gliding agents (MAs) to fall, while the RSI is in the oversold area, indicating that sellers are in control.
The next key level on the bottom is 0,24508 US Dollar. This Support cannot hold, then a possible downturn would go up to 0,15 US-dollars. One of the first signs that the trend is a break of the 20-day EMAs is turning. Above this level, the XRP/USD might generate a Pair of possibly buying interest, and thus, the 0.4 US-Dollar brand.
investors should keep their Long positions continue to be, in the next analysis, we will see how it goes.
ETH/USD
Ethereum is trying desperately, at the lower edge of the price range of 83 – 102,5 dollars. As it has been in the last three days, no recovery, causes further selling pressure on the Plan.
A closing below 83 dollars would continue the downward trend and the ETH/USD Pair to the next Support of 66 dollars to pull down.
An end to the ongoing negative spiral is to adopt, as soon as a long-term remaining above the 20-day EMAs, that can be done, because until then, any small upturn is sold.
XLM/USD
After a two-day period, continues Stellar its downward trend and falls to a new low for the year. Both Moving average pointing downward and the RSI is in the oversold area, what you can see on the bottom of the path of least resistance.
The next Support on the bottom of 0.08 US dollars, however, it is difficult, in a strong downward spiral to predict the exact bottom in advance, because the Support Level will soon be broken.
will sign for A trend reversal, as soon as the XLM/USD Pair can remain above the 20-day EMA. In such a case, the recovery could go up to 0,184 US Dollar. Investors should refrain from taking Long positions, marriage is not a bottom has formed.
EOS/USD
Although the EOS is still in the downward motion, you could set up in the last few days close to the upper-side resistor of 2,1733 US Dollar. This shows that there is a buyer. If the bulls don’t make it, however, to overcome the resistance quickly, then selling pressure is generated.
If the 2,1733 US-Dollar brand, however, it can be cracked, is the 20-day EMA is probably the next strong resistance. This can be overcome, then the bulls travel to take.
On the bottom would lead to a fall below the Low of 1.55 U.S. dollars, the downward trend continues, could lead to 1.2 US dollars. Investors should wait for the EOS/USD is showing Some a trend reversal.
BCH/USD
After Bitcoin Cash was the last 5 days in a narrow price range, continuing the downward trend, which was a new low for the year.
Both Moving average pointing downward and the RSI is in the oversold area, which confirmed the downward trend. So far there have been no major recovery since the downward spiral, at 19. November had begun, this shows that the bears are in control. The BCH/USD Pair will now fall on 72,39 US Dollar.
investors should wait until the crash comes to an end before Long positions should be purchased.
LTC/USD
Litecoin is back at the Low of 23.1 US dollars. Although the cops versuchen to defend the Support that is to be expected, another Low, if the price can not be the mark of 29,349 dollars raised. The next Support is located at $ 20.
The downward-sloping Moving average and the RSI is in the oversold area, indicate that the bears have the upper hand. A glimmer of hope is the positive divergence of the RSI. The LTC/USD Pair however, needs to be able to above the 20-day EMA to remain, in order to capitalize on it, until then, we recommend investors to be active.
BSV/USD
After Bitcoin SV since the 26. November was a long time in a price range, followed on the 13. December, the fall under 80,352 US Dollar. The bulls need to quickly make the new resistance of 80,352 US Dollar to break through before the seller to take Advantage of this. The next target on the bottom is the Low of 38,528 US Dollar, with 57 US dollars only a weak Support.
the first indication of strength, as soon as the BSV/USD Pair can be found back again in the margin. The Cryptocurrency is currently far above their lows, however, it has also not too long past. Accordingly, we advise investors to wait for the formation of a new buying opportunity.
TRX/USD
TRON is still in a symmetrical triangle. The bulls are trying to defend the Support of the triangle, while the bear prevent an outbreak.
The next movement direction depends on whether the triangle can be to the top or bottom broken. A breakthrough on the top could lead to a recovery on 0,0183 US Dollar, with a strong resistance.
If the TRX/USD-falls to Few, however, down from the triangle, then the downward trend continues afterwards. A corresponding objective of the course would be 0,00554133 US dollars, although we expect a Support near 0,00844479 US Dollar. Investors should wait for a top-side breakout from the triangle before a Long position would be entered.
ADA/USD
Cardano could not climb back into the previous range, which will generate renewed selling pressure. The bears will try to win the Support of 0,027237 US Dollar and a fall to the next Support of 0,025954 US Dollar.
If the ADA/USD Pair, creates it, however, from a low of 7. December, up to repel, then it could find it again for a few more days to get a place in the margin. A first sign of new buying interest would show above 0.035 US dollars. We assume that a recovery is established, if the bulls can hold the line for at least 3 days above the 20-day EMA. Until then, the Trend shows for the time being to the bottom.
The market data are taken from HitBTC exchange. The Charts for the analysis come from trading view.
