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The market data are taken from HitBTC exchange.
In its recent Interview with Cointelegraph Sterling Witzke, a partner at Winklevoss Capital, says that institutional investors are looking for the crypto markets, however, still not dare to take this step.
in their opinion this is above all due to the unfavorable American law and the lack of safety precautions. Only when these are addressed two core problems, will venture to the institutional investors in the crypto area.
Many companies are therefore trying to reach the masses by Bitcoin and other crypto-currencies will be made on different way.
As Coinme, a company that distributes the Bitcoin ATMs, has entered into a cooperation with the company Coinstar, which converts in turn Coins into cash. In the framework of this partnership, the two companies want to create a Kiosk-like facilities in super markets where Bitcoins can be purchased.
furthermore, researchers from seven of the Top American universities are now a “global, scalable, decentralized payment network” at the Start. The man has decided, in spite of similar existing systems, confirms the assumption that many experts are still convinced of the Future prospects of the crypto industry.
BTC/USD
The volatility of Bitcoin (BTC) has decreased in the past three days to remember. We assume that these tight price is resolved margin, however, in the next few days. The two Sliding means are flat or pointing downward, the RSI is in the negative range. The path of least resistance is on the bottom.
the brand of 3.473, $ 47 Should be the below steps, you could drop the BTC/USD Pair until a total of 3,236,09 US Dollar. The cops, however, the rate on the Mechanical means to lift, then a climb to 4,000 U.S. dollars would be possible. In the Zone between 4,000 – 4.255 US Dollar, we expect a strong resistance.
could be set If the bulls can overcome this Zone, then a new upward trend. We recommend the formation of a meaningful purchase option to wait before Trades are entered. Until then, we remain inactive.
XRP/USD
is set As Ripple (XRP) has not managed to Sliding to exceed appropriations, is now selling pressure. The brand of 0,31121 US Dollar, a fall could be up to 0,27795 US Dollar as a result.
The Trend is clearly down, since the XRP/USD remains Pair remains in descending channel. The Moving average will go down slightly, while the RSI is in the negative area, suggesting that the bears are in control.
A change in the trend it will turn only once above the downward trend line can be closed. This could raise the rate to 0.4 US dollars and, in addition to the resistance of the channel. At the current state however, there is no reliable way of buying, which is why we advise against Long positions.
ETH/USD
Although the bulls were able to defend in the last 5 days, the 50-day SMA, were you able to Ethereum (ETH) on the 20-day EMA.
The 20-day EMA falls slowly down, while the RSI is negative, how do you know that the bears currently have the upper hand. A fall under 116,3 US Dollar would increase the Likely that the price will fall to 100 U.S. dollars or 83 dollars.
Should create the bulls to push the price up, then a break of the 140 US-Dollar brand, the ETH/USD could wear a Pair until the next resistance of 167,32 US Dollar. We are waiting also here a significant reversal of the trend, before we can recommend Trades.
BCH/USD
The volatility of Bitcoin Cash (BCH) has declined in the past three days dramatically, indicating a lack of buying and selling interest.
in the event that the buyer return, however, and the BCH/USD Pair rise above the Moving average, then a recovery up to 177,3 US Dollar is likely to be.
Should be the bears, however, will be able to maneuver the digital currency 121,3 US Dollar, then a crash follows US $ 100 and, if necessary, even up to 73.5 US dollars.
EOS/USD
EOS remains within the price range of 2,3093 – 3,2081 the US Dollar, and yet the cops are not able to push the price above the 20-day EMA.
broken the range down and can’t keep the 2,1733 US-Dollar brand, then the EOS/USD Pair is in a free fall to 1,7746 US dollars, or up to the previous Low of 1.55 U.S. dollars.
If the cops manage to exceed the 20-day EMA, then the upper end of the range could be achieved. Since both of the Moving average is flat and the RSI is just in the negative range liegt, is probably a consolidation.
XLM/USD
The price range of Stellar (XLM) has become smaller, which means that the bulls and bears are currently in equilibrium.
If the 0,10235190 US-Dollar brand, tested the Support of 0,09285498 US Dollar again. Also, this can’t hold, then continues downward trend.
Should be tangible to the cops, the XLM/USD Pair lifting but over the 20-day EMA and the 50-day EMA, then a recovery to 0,13427050 US Dollar. This threshold can be overcome, this is a first sign for a trend. Since we can find at the moment but no bull pattern, we do not recommend to buy.
LTC/USD
Litecoin (LTC) is the last of four days between the lubricants, however, such a narrow margin is usually permanent.
We believe that this low volatility comes to an end, and that the price spread widened in the next few days. However, it is difficult to predict in which direction it then will go, since the Moving average is flat, while the RSI is around the 50.
the LTC/USD Can climb Pair over the 20-day EMA, then it could result in a recovery to 36,428 US Dollar and even 40,784 US Dollar. To create the bears on the other hand, the crypto-currency under the Support area of 27,701 – 29,349 US Dollar down, then a case to 23,090 US Dollar is likely to be. Long positions should be with a stop at 27.5 U.S. dollars.
TRX/USD
In the last two days of Tron (TRX) has highs within the day and day’s low of 15. January moves.
A break of the resistance zone of 0,02733572 – 0,02815521 US Dollar could trigger a new upward trend that pushes onto the TRX/USD Pair down to $ 0.04.
the rate, however, the 20-day EMA, then this could be correct 0,0211344 and including up to 0,0183 US Dollar. We recommend investors to buy near the 0,0183 US-Dollar brand or, alternatively, at the conclusion above 0,2815521 US Dollar. Within the price range, we see no meaningful buying opportunities.
BSV/USD
Bitcoin SV (BSV) is still within the narrow price range of 74,022 – 88,722 US Dollar.
follow these span sub-steps, then a re-Test of 65,031 US Dollar. If this falls, will be probably resolved many Long positions, which could result in the BSV/USD Pair, in turn, to 57 dollars down, if necessary, it then goes even up to 38,528 US Dollar down.
A first indicator of a recovery, if the bulls raise the price above the Moving average, and this there can. Until then, we recommend investors to remain inactive.
ADA/USD
Although Cardano (ADA), was able to close above the 20-day EMA, this has resulted in no significant upward movement. On the contrary, it is the cops, it’s hard to stay above the Sliding By means of.
Both of the Moving average is flat, while the RSI is near 50, indicating a consolidation.
On the bottom should be observed the marks of 0.4 US-Dollar and 0,036815 US Dollar. On the top 0,051468 US Dollar is a key Level. The latter threshold should be overcome, can climb the ADA/USD Pair up to the resistance line of the ascending channel.
However, we see no bullish buying opportunities in the current constellation, which is why we remain neutral.
The market data are taken from HitBTC exchange. The Charts for the analysis come from trading view.
