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The market data are taken from HitBTC exchange.
The crypto markets have lost part of their recent gains, in what was to be expected. Only rarely do markets reach a bottom, without making a base pattern. The entrepreneur Charles Shrem believes that the current decline on the phasing-out of Bitcoin Futures was due at the Chicago Mercantile Exchange (CME), and some tax-related sales, at the last Minute.
is Positive for currencies in the current bear market in Crypto, that this has eliminated the majority of the hype. The bull run had stopped a few months, would have lost a lot more innocent people money by dubious Initial Coin Offerings (ICOs) and Sh*tcoins.
the end of The year and all are now looking forward to the year 2019. Many believe that the markets will be reported in the next year, a recovery, supported by favorable conditions. The next Phase of the increase will, however, need a strong support by institutional actors.
currencies of the advance of Facebook in Crypto, about the rumours, a strong change or Amazon will give the market a boost by the online retail giant crypto-currencies? There are many ways, but it is hard to predict what will occur, and the desired effect is achieved.
BTC/USD
The main trend in Bitcoin is declining, while the short-term Trend is still undetermined. He fell under the 20-day EMA and the RSI has dropped back under 50. This shows that the bears are trying, the downward trend to continue.
The cops don’t give in, however, and are currently trying to climb back above the 20-day EMA. If that succeeds, it forms the right shoulder of the inverse head and shoulder pattern.
The bullish inverse head and shoulder pattern is a reversal pattern complete with a breakout from the neckline. The outbreak has a pattern target of 5,500 US dollars (4.807 EUR).
If the BTC/USD Pair is climbing, however, on the neck, or the 50-day SMA and down again bends, a re-Test of the lows from the 15. December, a total of 3,236,09 US Dollar (2.828,57 Euro). A case under the lows for the Year continues the downward trend and would be a negative development. In the Course of the next few days will confirm if a bottom is reached.
XRP/USD
Ripple is on 27. December, below the 20-day EMA like. He is, however, the support at 0,33108 US Dollar (0,2890 Euro) from the strong back to top jump to. We expect another attempt of the bulls, from US $ 0.40 (0.35 Euro) break out.
If that succeeds, you can recover the XRP/USD Pair to the resistance line of the falling channel. Although the brand of $ 0.45 (0.39 Euro) will serve as a resistance, we expect that you will overcome.
Contrary to our expectation of a re-Test of 0,286 US Dollar (EUR 0.25) and 0,24508 US Dollar (0,2139 Euro) is likely to occur when the rate of US $ 0.40 (0.35 Euro) bends downwards. It will be within the next 3-4 days is probably a crucial step.
ETH/USD
Ethereum is trying to jump from the 20-day EMA back to the top. If that succeeds, he will try to climb back on 167,32 US Dollar (146,25 Euro).
The 20-day EMA is flat and the RSI is also positive, what is the probability of a rise increased from the current level. The brand of 136,12 US Dollar (118,98 Euro) could provide a low resistance, but we expect that these will be overcome. A rise of about 167,32 US Dollar (146,25 Euro) confirmed a bottom at 83 US dollars (73 euros) and the beginning of a new trend.
If our assumption is, however, wrong and the ETH/USD Pair below the 20-day-EMA on 108 US dollars (94 euros) and including 100 US dollars (87 Euro). For a case under $ 100 (87 euros) a re-Test of the lowest level probable.
BCH/USD
Bitcoin Cash is at 27. December fell below the 20-day EMA, but at about 136,72 US Dollar (119,50 Euro) back to top jump to. This level corresponds to the 61.8% Fibonacci burglary level of the recent Pullbacks of 73,50 US Dollar (64,24€) 239 US $ (209 Euro). He is currently within a descending channel. This looks like a bull sign.
Next up is the virtual currency on the channel and above the 50-day SMA will encounter resistance. If both levels are overcome, we will assume that the recovery is continuing. The pattern target is then at 355 US dollars (310 euros), with a low resistance at 307,10 US Dollar (268,43 Euro).
fall If the bears reverse the BCH/USD Pair, however, from the current levels and under the channel, press it to 108,92 US Dollar (95,20 euros) and including up to the low of 73,50 US Dollar (64,24€). The next few days will give us a better idea of the next course.
EOS/USD
EMA and 2,4050 US Dollar (2,0993 Euro) in the case of EOS was The case under the 20-day of short duration. He jumped from 2,3093 US Dollar (2,0157 Euro) from the back upwards and climbed over the 20-day EMA. The bulls will try again, from the 50-day SMA and 3,2081 US Dollar (2,8003 Euro) break out. If that succeeds, it suggests a trend reversal.
The 20-day EMA is flat and the RSI is close to 50, indicating a consolidation. The long-term Trend is still declining.
The EOS/USD Pair is weaker, if it falls under 2,1733 US Dollar (1,8970 Euro). It will resume its downward trend in a case under 1,55 US Dollar (EUR 1.35). At present, we see no purchase constellation, therefore, we remain neutral.
XLM/USD
Stellar is below the 20-day EMA which is flat. The RSI is also negative. This shows that the bears are trying to make a Comeback.
The virtuale currency indicates a reversal, if it breaks out over 0,13427050 US Dollar (0,1172 Euro) and closes (UTC). So you could reach the 50-day SMA and beyond 0,184 US Dollar (0,161 EUR). We do not see any purchase constellation at the current level; therefore, we suggest that traders wait and watch.
If the course bends from the 20-day EMA downwards and under 0,10754201 US Dollar (0,0939 Euro) decreases, the XLM/USD Pair on the Low from the 15. December of 0,09285498 US Dollar (0,0811 Euro). A case of this level to continue the downward trend.
LTC/USD
The bulls of Litecoin could at 27. Of December above the 20-day EMA and the critical support at 29,349 US Dollar (25,618 Euro). The decline, however, proved only temporary, as the price could climb above the 20-day EMA. This shows that declines to be purchased, which in turn is a bullish sign.
The 20-day EMA is flat and the RSI is close to 50. This suggests a short term consolidation. A rally of over 36,428 US Dollar (31,797 euros) will complete a head and shoulder pattern, which can lead to a rally on 49,756 US $ (43,431 Euro). At a closing price of about 36,428 US Dollar (31,797 euros), we consider it as a positive.
If the course bends, however, from the 50-day SMA, or 36,428 US Dollar (31,797 euros) down and under 27,701 US Dollar (24,179 Euro), a re-Test of the lowest level probable. The downward trend continues, if the LTC/USD Pair falls below 23,10 US $ (20,19 Euro).
BSV/USD
Bitcoin SV is in a range between 80,352 US Dollar (70,137 Euro) and 123,98 US Dollar (108,37 EUR). The rate is currently close to the lower end of the range. A case under 80,352 US Dollar (70,137 Euro) would be a negative development and would push the rate to 65,031 US Dollar (56,764 Euro). If this level is also exceeded, a re-Test of the lows of 38,528 US Dollar (33,63 euros).
If it’s the cops, however, manage to defend the level of 80,352 US Dollar (70,137 Euro), the BSV/USD Pair to climb back to 123,98 US Dollar (108,37 EUR). Although the margin is large enough for the trade, let’s wait until the jump back to the top of the supports, before we recommend a trade.
TRX/USD
TRON was able to keep up in the last three days on the critical support at 0,0183 US Dollar (0,0160€) and is recovering currently. This suggests that many purchases on the supports, what is a bull sign.
The TRX/USD Pair is consolidating, probably for a few days in the large span between 0,0183 US Dollar (0,0160 EUR) and 0,02815521 US Dollar (0,0246 Euro). The digital currency is showing a very strong performance, so that traders new Long positions can be close to open at $ 0.02 (€0.02) with a Stop-Loss just below the support of 0,0183 US Dollar (0,0160 EUR). We like the fact that the 20-day EMA has risen after the bullish Crossover.
If the bears leave the course, however, under 0,0183 US Dollar (0,0160 EUR) and the 20-day EMA are falling, a decline of 0.015 US Dollar (0,0131 Euro). A case of this level leads to a re-Test of lows.
ADA/USD
The cops trying to lift Cardano back above the 20-day EMA. There is a struggle between the bears and the bulls at the current level. The 50-day SMA is trending down. This means that the long-term Trend is still declining. However, the flat 20-day EMA and the RSI is in the positive range, is an indication that the bulls have the short term upper hand.
The ADA/USD Pair confirmed a break in the trend when the price breaks out above the neckline of a probable inverted head and shoulder pattern and closes (UTC). We recommend traders to wait until the reversal is completed, before you buy.
If the virtual currency from the 50-day SMA or the trend line bends down and under 0,036934 US Dollar (0,0322 Euro), to a re-Test of the lowest level of 7. December.
The market data are taken from HitBTC exchange. The Charts for the analysis come from trading view.
