Really huge profits, there was in this week in the Top 10. The Cardano-rate rose by almost two percent. In contrast, the Binance-Coin-rates fell by seven percent.
From Stefan Lübeck
26. August 2019BTC$10.272,94 -0.73%part Facebook Twitter LinkedIn xing mail
at the beginning of the week increased the market capitalisation of the crypto-market temporarily to 277 billion US dollars. This level could not be maintained. The total value fell again to under US $ 250 billion. Currently, he is listed with 255 billion dollars in a week compared to around 3 percentage points lower than last week.
In the Top-10 Coins this week, a mixed picture. While seven of the Altcoins with the highest market valuation in the consolidated Bitcoin follow, can Cardano and the Stellar rise of almost 2 percent. The largest weekly loss of the Binance Coin has declined by 6.5 percent. Also Litecoin with a fall of 4.5 percent, as well as the temporary newcomer in the Top 10, Monero with -8 percent, are again weak. On average, the Top fall-10-Coins of more than 3 per cent, again faster than the Bitcoin, with a weekly decline of 1.5 percent.
look at the market capitalisation
total market capitalization on the Basis of values of Cryptocap shown
Also this week has brightened the overall image of the crypto market, it continues to outweigh the bearish signals. As long as it does not create the market capitalisation back through the resistance area between 278 billion dollars and 300 billion dollars, the seller is in the upper hand. On a positive note, that’s not a new week low was generated. The volatility has decreased, which could indicate an outbreak. The support range of 230 to 240 billion U.S. dollars, plays a Central role for the bulls. This support area, keeps threatening a re-Test of the 200-billion-U.S.-Dollar mark. The altcoin market was able to recover, at least this week, easily, some of the Top 100 Coins to rise temporarily to more than 50 per cent, give to the weekend of your profits to some extent. These price developments are not, however, be described as sustainable.
Best price development: Cardano (ADA)
rate analysis on the Basis of the value-pair ADA/USDT on Bittrex
The course of Cardano shows in the past week, with a price increase of 1.5 percent, the most among the Top 10 Coins. The low rate plus, however, should not obscure the fact that the Chart looks still bearish. The break of the major uptrend line and its repeated Retest of the bottom in the last month, was a strong selling signal. As long as the resistance range to be 0.055 US Dollar is not overcome on a daily basis, the goal continues to be to be at the bottom.
Already, the downward trend line of the forming wedge of the last movement could not be overcome. Thus Cardano can’t escape the parent market correction in Altcoins. The Chart indicated a bearish Move in the direction of the Demand Zone at 0,042 US Dollar, this area was fought over several times in the past. The 0.04 US-Dollar breaks on a daily basis, be automatically activated goals 0,0357 US Dollar. Positive current values that we have formed this week a new 20 day low. Only a fraction of 0,058 US dollars would allow as the possible target for the exponential moving average of the last 200 days in the range of 0.07 to US Dollar. This could offer fresh Potential for a further price increase.
The RSI and the MACD-indicator in the daily chart of sale have at the moment signals. The RSI produces higher lows, but with a value of 41 is still below the buy signal at 45. The MACD looks currently tend to be also bearish, absolute Schwcähe looks, but also different. On a weekly basis, both indicators are bearish signals, the overall negative image prevails. As long as the RSI does not create it in the daily chart, the threshold value of 45 retake, the current chart situation does not improve.
Worst course development: Binance Coin (BNB)
rate analysis on the Basis of the value pair NBB/USDT on Binance
After months of strong Performance of the Binance Coin after this week to 7.1 percent and trading at 25,70 USD. The break of the uptrend line at the beginning of the week, it has generated a sell signal, which of course could not escape. Thus, the price approaches again to the important support in the area of 24,90 US Dollar, where also the exponential moving the end of the last 200 days average runs. From this support area based, would be a further increase in gene 28,30 of the US Dollar to the resistance area consisting of the middle Bollinger Band, as well as the super trend from the daily chart imaginable. The support area of the exponential moving keeps the average of the last 200 days at 24,60 US Dollar on the other hand, is the only 23.8 percent Fibonacci Retracement Level at 23,39 US Dollar, the first target on the bottom. The overall market should fall further, would be a start-up of the old lows at 18,34 US $ probably.
The RSI as well as MACD indicator on the daily chart show bearish signals. The RSI is interpreted with a value of 37 is still as weak to the target to the value of 30 seems to be inevitable. Only a fraction of the 45 according to the above, however, would trigger a first buy-signal. Also the MACD has formed due to the weak Price trend in the past week, a new sell signal. The picture is similar to week view. Both indicators have fresh sell signals, what is the overall negative image is reinforced in the larger units of time more.
stability of the Top 10
The Top 10 Coins in the last week better than the previous week, seen in the majority of re-course corrections. Bitcoin claims to currently the psychological mark of 10,000 US dollars, a sustained break of the range between to 9,850 and 10,000 US dollars on a daily basis will also give the Altcoins for more rate reductions. By the weak of the week performance of Monero on anonymous payments specialized Coin drops out of the Top 10, and exchanges the space with Stellar.
winners and losers of the week
The market environment in which the altcoin market has improved a little, twenty-crypto-currencies have a double-digit rate plus. The winner of the week Wanchain, on Thursday, the 22. In August, an increase of almost 200 percent, points reached, and currently, more than 75 percent price premium has. Also Tomochain rises this week to almost 60 percent. In contrast to the last few weeks, the overall image looks a little more enjoyable.
Among the biggest losers of the week for the third week now in a row Egretia with a discount of roughly 50 percent, as well as GXChain with a week of minus 16 percentage points. After his meteoric rise in July to throw out the above-average corrections to the Egretia price in August, ask about the possibility of Scamcoins. As a good example of Veritaseum to cite, has to show for it this week by a mini-trading volume is only 45,000 dollars a rally of 170 points. Here, it should be noted, however, that about 95 percent of the Supplys of Veritaseum, according to Coinmarketcap, is in the possession of the inventor.
total market capitalization exclusive Bitcoin on the Basis of values of Cryptocap, as well as on the Basis of the value pair is BTC/USD on Coinbase
This week, the majority of the Top 100 reported an increase. More than 60 percent of the Top 100 Altcoin/USD pairs have a week plus. The Chart of the Altcoin total market vs. Bitcoin can recover accordingly, and above the key brand, the November deep, from 2017, to keep. After a sustained rise, which could indicate an upcoming altcoin strength, not looks it currently, but still. Only a break of the moving average of the last 200 weeks would provide a bullishes Signal. If we see a bottom formation or just a sideways correction is currently unclear.
A look at the Bitcoin domination
The Bitcoin-domination rises again above the 70% mark and recorded six hours prior to the close of the week at 70,69 per cent. In the broader trend channel is a bull flag on the building currently. A resolution to the above the dominance of Bitcoins to about 75 percent, the Supply area to the year 2017, to increase. Only a fraction of the 69 percent on a daily basis, down, could, however, trigger a bearish trend reversal in favor of the Altcoins.
Bitcoin-dominance on the Basis of values of Cryptocap
shown The tendency for bullish movement in the Altcoins have led to bearish this week, a slight stabilization of the parent and the trend in the altcoin market. New funds, which could equally mean a possible rally, you won’t find at the moment continue to make their way into the crypto-market. Furthermore, there are climbs, mostly short-term course in each of the selective projects, and from Investments on a broad Front is still in sight. Even if the observer’s role is sometimes boring can be, also applies to this week, to have the price developments of bitcoin, as well as the total market capitalization in the view. Only in case of an outbreak, it is worthwhile to be active in the market.
Disclaimer: The information on this page is the illustrated rate estimates do not constitute buy or sell recommendations. They are merely an assessment of the analysts.
The chart images have been using trading view created.
USD/EUR exchange rate on the cut-off of 0.90 Euro.
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