The asset class of the cryptographic approach currencies to ripen slowly and creates its own niche. On the stock markets, there was the worst week for 10 years, which is why the crypto markets were able to recover, in return, leaps and bounds from their previous lows.
After the heavy losses of the year, however, it takes more than a little climbing, a new upward trend. Such short booms a good buying opportunity for short-term investors, but all investors should be aware of significant Ground formations, since they indicate the beginning of a new high phase.
as soon As the current boom is over, wait for new investors, the improving fundamental data, before you enter the market. The upswing is a positive sign, but still no clear reversal of the trend. We take a look at the Top 5 crypto-Performer of the week.
BCH/USD
Bitcoin, Cash has recorded in the past 7 days of solid buying interest. This was by far the strongest crypto-currency of the week. Due to the significant increase in she is climbed to rank 4 in terms of market capitalization.
in Front of the new strengthening Bitcoin Cash, however, showed weak and so the course was overhauled for the first time of Ethereum, which indicates how much damage the bear market and the Hardfork to the crypto-currency. Where is the journey now, after the recent upturn? Let’s find out.
We consider only the period after the Hardfork. From the days high of 15. November, at 451,35 US Dollar crashed the BCH/USD Pair to an intraday low of only 73.5 dollars on 15. December. This corresponds to a value loss of 83,71% within only one month. Since the crypto markets are currently characterized by high volatility, we recommend stops in the positions held.
Overall, the Trend is still down, however, this seems to be changing in the short term. The 20-day EMA goes up, while the RSI is in the positive, which confirmed our suspicions.
the Bitcoin Cash in the upturn to make up just under 50% of the previous value loss. We expect a strong resistance at the 262,43 US-Dollar brand, since the 50-day SMA is located.
If BCH does not lose in the next couple of days, we see large buying interest at current levels. If the bulls can keep the price above the 20-day EMA, and this increases in turn the opportunity for a recovery to 307,01 US dollars, which corresponds to a reparation (Fibonacci Retracement) of 61.8%.
the bears Should win the upper hand and the price is below the 20-day EMA press, then it could go back to the previous lows.
IOTA/USD
The joint project Team of IOTA Foundation, and Audi has now presented to a selected audience the results of his five-month study. It answers to a problem should be positions in the areas of mobility, Internet-of-Things and automotive industry found.
IOTA has presented in the course of which a new Hash function called “Troika”, which was developed by cyber crypt. Even though this has already gone through successful several Tests, the Foundation is now a public examination. A Person or a group should be able to crack the function, waving a prize money of 200,000 euros.
lost The IOTA/USD Pair has been since the record high of 5.8 U.S. dollars, which was achieved in December 2017, a lot of ground. In the meantime, the rate has dropped to 0,2051 US-Dollar (Stand 7. December), which, however, re-purchase has shown interest.
as a result, the course could make up for 77% of the low values, however, this represents, nevertheless, a 94%loss in value in comparison to the highs. This shows that the overall Trend is still negative, in the short term, there could be but a reversal of the trend.
The 20-days.EMA is pointing upwards and the RSI is in the positive area, which means that the bulls currently have the upper hand. The attempted recovery is facing close to the 50-day SMA resistance.
If the cops can use the SMA to break, a recovery is to 0,4037 US Dollar, followed by a further increase to 0,5095 US dollars, probably. The price should fall instead, then the 20-day EMA would act as a Support. This Support is reached, then the crypto-currency could crash to $ 0.25 or even 0,2051 US Dollar.
investors who have bought Long positions at lower price prices, can capture profits and your stops for the Rest later. All other investors should wait for higher lows before purchased.
TRX/USD
The number of accounts on TRON has recently broken the sound barrier of 900,000. In spite of the bear market, the network can grow, where, at last, even the mark of 100 million transactions (total) was exceeded. Reflected these positive Figures also in a good price value? Let’s look at the weekly chart.
The TRX/USD Pair was able to the upper side of the resistance break, and again in the margin between 0,01587681 – 0,02990592 US Dollar to rise. In this range, the share price was already since the middle of August, before 4 weeks ago, this slipped.
However, the bears could not take advantage of this opportunity to push the price down further, because at lower levels there was strong buying interest that has lifted the rate back into the range. This indicates that the market is opposed to the low Price levels.
The crypto-currency. up to the next resistance of 0,02990592 US Dollar rise, we expect this brand a serious hurdle for the bulls You should be able to skip all of these but, then, a new upward trend is triggered.
If the rate remains above 0,01587681 US Dollar, this could be a good buying opportunity. A downward trend should arise only when the Few under 0,01089965 US-Dollar.
BSV/USD
At one point in time Bitcoin experts and Bitcoin Cash were traded only $ 10 difference. Then, when both crypto-currencies back to the top climbed up, was able to create a Bitcoin Cash clear. Can unlock Bitcoin SV or the distance is to big? Let’s find out.
The BSV/USD Pair on June 26th. November in a span of 80,352 – 123,98 US Dollar. 13. In December, the Pair fell briefly out of the range, at 17. December, however. The markets lean lower rate hence.
With the subsequent recovery has increased the rate value up to the top of the price range, with the outbreak of the experiments on the 20. and 21. December were unsuccessful. A positive sign is the fact that the crypto currency has hardly lost value, which indicates buying interest.
Should the rate is above 100 U.S. dollars, then the cops create, sooner or later, the breakthrough of the top. The next target would be at 167,608 US Dollar.
could not follow If the crypto currency it creates, however, then a to the bottom, where the Supports are located on 80,352 US Dollar and 65,031 US Dollar.
DASH/USD
Dash was able to prevail in Venezuela. Nearly 2,500 retailers in Venezuela, Dash payments, which accounts for more than half of all 4,500 of the merchants that accept the cryptocurrency in the world.
more Recently, the Venezuelan branches of the American restaurant chain Church have Chicken’s Dash as a means of payment. Thanks to this increasing popularity it is not surprising that the Dash is a cooperation partner Kriptomobile already 53.000 so-called KRIP-Phones in Venezuela could sell.
However, the Trend of the DASH/USD pair shows down significantly. Since the 1.625 US-Dollar record high in December of 2017, it only goes down. This week the rate could climb back in the three digit range, although last week it was still recorded a low level of 56,214 USD. Such a recovery is impressive, but can still be regarded not as a definitive trend reversal.
to be expected of a reversal of the trend, it must stabilize the price, a floor form and then a clear change in direction indicators. The purchase should stop the interest, you could go the recovery up to $ 120 or even 160,805 US Dollar.
On the bottom of the Support is 80 US dollars, including US $ 60. The downward trend will continue if the bears can push the Pair below 56,214 USD. Short-term investors may try to cash in on it, but all the other investors should wait until new buying opportunities for Long positions.
