The views and opinions expressed are solely those of the author and do not necessarily reflect the views of cointelegraph.com . Every investment and every trade decision is connected with risks. You should perform your own research before you make a decision.
The Martkdaten were from HitBTC exchange market
The long-awaited application for a Bitcoin ETF from VanEck, and SolidX, which should be listed on the BZX Exchange and the Chicago stock exchange, CBOE, was deployed on the 23. January due to the prolonged government pulled closure in the United States. Founder and managing Director Jan Van Eck, told CNBC that it could not vacate the concerns of the securities and exchange SEC from the world, what is “possible, since this is still affected by the closure.” The application should be submitted as soon as the so-called “Shutdown”. Bitcoin has not responded to this message, which, in turn, is a positive sign.
The leading crypto-currency in the last days is located in a narrow price margin, increasing the volatility to the lowest level since mid-November, is like, such as block force Capital indicates. This period of low volatility will probably be followed by an expansion of volatility.
However, it is difficult to predict in which direction the price will ultimately break out. The analysts from JP Morgan believe that Bitcoin can slide below the $ 2,400 mark and beyond, even up to 1.260 dollars. This and justify the practical use of Bitcoin is problematic. As a proof, they indicate that none of the major online retailers Cryptocurrencies as a means of payment.
furthermore, the analysts believe that the banking sector can only benefit in three to five years of Blockchain technology. However, these forecasts should be enjoyed with caution, since the JP Morgan CEO, Jamie Dimon is one of the largest crypto-critics known.
Of Cardano (ADA) founders Charles Hoskinson believed that the crypto-currencies more than a decade, will need to the record highs obtain from 2017. Until then, the market would be perfected accordingly, also the majority of the problem would be solved then.
BTC/USD
Bitcoin (BTC) is since 11. January, at the height of the $ 3,500 mark. Any attempt of this level of pluck, has so far remained without success. The rate is still below the Moving average (MA), which tend, respectively, to the bottom. It is seen that the sellers are in control.
The BTC/USD Pair below, a total of 3,236,09 US-falls downward trend will be confirmed if Dollar. Such a crash would, however, scare the optimistic investors waiting for a buying opportunity.
If the cops of the course, however, the lubricant can heave, then a recovery up to 4,000 dollars or even 4.255 U.S. Dollar is likely. We recommend Long positions set up, as soon as the price can hold above the downtrend line. Until then, we advise you to be seen.
XRP/USD
Ripple (XRP) is for a week in a downward trend. The Moving average will move down, while the RSI is in the negative area. Here, too, the bears have the upper hand.
The direct Support on the bottom is in the range between 0,30550 – $ 0.31. If this Zone holds, the XRP/USD Pair to the next Support of 0,27795 US Dollar. This Support should break and then also, it could go up to 0,24508 US Dollar down.
The crypto-currency could be a sign of a supposed recovery, if the 50-day SMA can be exceeded. Accordingly, we maintain our buy recommendation, in accordance with the previous analysis.
ETH/USD
Ethereum (ETH) could not translate the restraint of the Support in 116,30 US Dollar in a recovery. Therefore, it can be assumed that on higher Levels is not a sufficient demand exists.
The 20-day EMA moves below the RSI is in the negative range. The path of least resistance is currently on the bottom. If the ETH/USD Pair under 116,30 US-Dollar, could be followed by a crash to $ 100. The 100 US should not be able to hold Dollar brand as well, then it goes up to 83 US dollars.
Our bear-case forecast is refuted, once the cops about 134,50 US Dollar. Currently, however, we see no reliable buying opportunities, which is why we do not recommend Trades.
BCH/USD
Bitcoin Cash (BCH) is since 11. January in a price range between 121,3 – 141 US dollars. As soon as the price can be solved from this area, it will show the next direction of movement.
A top-side breakout above the 141 U.S.-Dollar brand would heave the BCH/USD Pair on 177,30 US Dollar, probably even up to 239 USD. Accordingly, it can be bought at an upswing about 141 US dollars, with the stop at 115 US dollars.
would be correct If the bears manage to push the crypto currency 121,3 US dollars to 100 US dollars and maybe even up to 73,50 USD.
EOS/USD
EOS in the past four days at the height of the 20-day EMA. Both Moving average are flat, while the RSI is just below 50. Buyers and sellers are currently in equilibrium.
This Balance in the direction of the cops swing, if the price comes above the Moving average and the 2,5944 US Dollar mark. Such an increase could lead up to the upper – side resistance between 3,05-3,2081 US Dollar.
Should develop the EOS/USD Pair, however, down and under 2,1733 US Dollar falling, then a crash on 1,7746 or even 1,55 US dollars. We recommend waiting until the price can establish itself above of 2.60 US dollars, before new Long positions are entered.
XLM/USD
Stellar (XLM) will most probably correct on the previous year’s low of 0,09285498 US Dollar. But should break even this last Support, then the trend continues Downward. The Moving average pointing downward, the RSI is in the negative Bererich to identify that the sellers have the upper hand.
If the XLM/USD Pair may rise, however, from the Support 0,09285498 US Dollar, then a rebound up to the downtrend line is possible. Above 0,13427050 US dollars, the crypto-currency could win back momentum. We wait, therefore, until the Trend is reversed before we can recommend Trades.
LTC/USD
press The bulls were able to Litecoin (LTC) from the lower end of the range to the top. A break above US $ 33 could have a boost to 36,248 of the US Dollar, it could go in such a case, even up to 40 dollars. Accordingly, we recommend that for Long positions a stop at 27.50 USD.
The LTC/USD Pair will be negative, if the bears can push the price below the Support Zone of 27,701-29,349 USD. This Zone is under the steps that could be followed by a crash to the year low of 23,090 USD.
If the price remains in the price range, continues the consolidation. The flat Moving average and the RSI close to 50 indicates a Balance between buyers and sellers.
TRX/USD
Tron (TRX) is one of the strongest crypto-currencies at the moment. In the last three days, the price spread between 0,0183 – 0,02815521 the US Dollar, was the price close to the highs.
A consolidation in the vicinity of the resistance suggests that the bulls don’t want to capture away their winnings, but still optimistic. If the buyer can raise the rates on 0,02815521 US Dollar, then a new upwards a likely trend. The target will then be 0,03801042 US dollars and, in addition, 0.04 US-Dollar. We retain our buy recommendation, from the last rate analysis.
the TRX/USD Should layer Some, but in the other direction negative, then a correction to the 20-day EMA and up to the 0,02113440 brand could follow.
BSV/USD
Bitcoin SV (BSV) remains in the narrow price range. After this period, with low volatility, we assume that the volatility picks up again.
if the rate Falls below 72,055 US Dollar, then the fall could go up to 65,031 US Dollar. This Support should break, then the downturn to 57 of US could pull-or $ 38,528 USD.
Should the BSV/USD Pair, however, the 50-day SMA also shows strength, which allows recovery to 102,58 US dollars or even 123,98 US Dollar. If the 123,98 US-Dollar brand that can be cracked, a new upward trend is likely.
ADA/USD
Cardano (ADA) was not able to climb in the past four days over the 20-day EMA. The buying interest is on the higher levels.
The bears will try, therefore, the weak upward trend line and the 50-day EMA to fall below. You should manage this step, then it is probably a crash on the Support of the ascending channel. However, we expect that there is 0,036815 US Dollar a strong resistance, which makes the price bounce.
the ADA/USD Should the Pair fall however, to wait 0,035815 US Dollar, could be followed by a descent to the level of 0,027237 US Dollar. In the current Situation, we therefore see no cops constellation.
The market data are taken from HitBTC exchange. The Charts for the analysis come from trading view.
