the lack of movement in the Top 3 Coins. These seem to be close to the year lows to be comfortable. This may not go well for a long time, should be aware of. The only question is when the breakout comes and the direction in which this takes place.
Thomas Hartmann
23. January 2019BTC$3.546,98 -1.11%part Facebook Twitter LinkedIn xing mail
The Top 3 crypto currencies are in the cancer corridor.
Bitcoin (BTC/USD)
After the failed attempt to break out of the sideways zone at the 8. January, with rates of just over 4,000 US dollars, a setback that brought the Bitcoin price at the $ 3,500 was again. At this level of the course remains for around two weeks. The Fibonacci Retracement between the and 24. December of last year confirms the indecision.
Currently, the movement is solely between the 78,6% Fibonacci Retracement Level at 3.380 US Dollar and the 50-percent Fibonacci Retracement Level on exports were up by 3,677 USD. In the current state of the cloud of Ichimoku-Kinko-Hyo-indicator is a massive resistance and runs up to 4,400 U.S. dollars, which represents a strong 20 percent. The sell signal from the moving averages is since of 3,800 US dollars active.
Bullish variant:
To bullish pressure, you must Bitcoin be overcome as quickly as possible the resistance at 3,655 thousand dollars. This must be sustainable. The next hurdle is 3.929 US Dollar and thus the price of Bitcoin directly in the cloud of the Ichimoku-Kinko-Hyo-indicator. A breakout above 4.195 US Dollar should draw a clear connection purchases, and also the moving averages in a longer unit of time, a buy signal can create. The objective of the course is 4.701 US Dollar.
rate increases over 4.872 US Dollar with the objectives
5.428 US Dollar5.877 US dollars
hand-in-hand.
Bearish variant:
The stabilization fails to 3,500 US dollars. Of course slips more and the bottom will be tested. The strong support area between 3.132 and 3.303 US Dollar will be tested, but can not provide long. Sustainable rate losses under 3.132 US Dollar is not only a new low for the year, but also enable significantly lower price targets on the bottom. These are:
2.629 US Dollar1.920 US Dollar1.601 US Dollar1.224 U.S. DollarXRP (XRP/USD)
The XRP exchange rate provides a similar picture as the “reserve currency” Bitcoin. The sell-off of the failed escape attempt was made but two days later, and found, accordingly, on 10. January. Since then, Ripple, close to the year listed on the lows and is well below the cloud of Ichimoku-Kinko-Hyo-indicator. The lower edge of which is currently about 15 percent, and underlines the current weakness of the Coins. After all, the cloud currently offers only a resistance of six percent. The moving averages, a sell-signal signal since 0,38 U.S. dollars, and are still far from this resolve. Nevertheless, From the point of view of the Charts is an interesting Setup.
also Read: the Altcoin-market analysis KW49 – Bitcoin Cash and EOS bleed more, the Rest can be relatively stable,
Bullish variant:
Ripple as compared to the downward trend from the April 2018 claim and quoted above. The current course goes hand in hand with the Reach of support at $ 0.31 and Ripple can put this to use and. The first destination on the upper side is $ 0.37. It is thus achieved that the lower edge of the cloud of the Ichimoku-Kinko-Hyo-indicator, and the 50% Fibonacci Retracement Level. The moving averages signal on a purchase. Rate increases to $ 0.41 for the cloud of the Ichimoku-Kinko-Hyo-indicator – trend to overcome, falling, and bring a Ripple close to the resistance area. This runs between $ 0.43 and 0.46 US-Dollar.
Above the High from the 24.12.2018 at $ 0.47, and a significant increase in the price of the way is then free of the of 0.67 US Dollar.
a Much higher price targets, however, with the passing of 0.75 US Dollar enabled.
0.89 US-Dollar1,15 U.S. Dollar1,37 US dollars
Bearish variant:
The support at $ 0.31 can be used. Ripple breaks through this and follow the sell signal from the moving averages. The course of low at $ 0.29 is at the undercut and a retest of the year lows at US $ 0.25. With this movement, Ripple is again well below the downward trend from April 2018. The support range from 0.21 US $ 0.24 US-Dollar does not offer enough support, the overall aim of:
$ 0.15
.
Ethereum (ETH/USD)
as before, the following applies: Ethereum is the most stable Coin in the Top 3. The High from the 5. January has reached to the penny exactly the resistance at 167 US dollars. Since then, the correction is also running here. So far, the Ethereum can stabilize price near the 61.8-percent Fibonacci Retracement level, which is located at 115 US dollars. The cloud of Ichimoku-Kinko-Hyo-indicator is currently a twelve percent – and falling – and in the current constellation, only a small resistance. The sell-signal by means of moving averages has already been 154 US dollars active and was on 13. January, with longer-term moving confirmed by sections. However, courses confirm about 110 US dollars, the existing soil formation.
Read also: The Bitcoin White Paper is 10! Where are we today?
Bullish variant:
Ethereum can take advantage of courses about 110 dollars, to continue to rise. In the best case, the completed Test of the 61.8-percent Fibonacci Retracement level at 115 US dollars, which is enough to attack directly the top. A rise above the 23.6 percent Fibonacci Retracement Level by means of rates about 147 US dollars is associated with the Crossing of the cloud of the Ichimoku-Kinko-Hyo-indicator. The next hurdle is at 167 US dollars. A sustainable increase of about 167 US dollars, however, provoke the Test of the resistance area between 175 and 196 dollars. 196 US dollars are the following course objectives active:
241 U.S. Dollar338 US Dollar
Bearish variant:
The exact calling of the resistance at 167 US dollars and the subsequent drop in price to show how clearly the bears have the upper hand in the case of Ethereum. A re-Test of the lower edge of the cloud of the Ichimoku-Kinko-Hyo-indicator at 130 US-Dollar – trend-catching – is schedule, then it should but the overthe associated downward movement will be continued. A clear warning sign, a price decline below US $ 100. Then a re-Test of the range of 91 to 95 US dollars. The purchasing power is not sufficient and Ethereum falls below the low for the year at 83 US dollars, again the price target of US $ 60 enabled.
conclusion:
As a Trader, you need movement. This is in the Top 3 Coins currently however, the lack of goods. Bitcoin and XRP are in a similarly weak Situation, something positive is not only Ethereum is. How long this tough Sideways that lasts, is not able to the Trader to say. It is important only that the conditions are laid down, so that you can act accordingly, if the movements to come. At least, until then it is: powder dry and not micro-movements reaming.
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.
images on the Basis of data from bittrex.com and bitfinex.com 23. January created. USD/EUR exchange rate at the time of writing: € 0.88
you have interest to learn Trading from an expert? In the trading school cryptographer various webinars for Learning the Trading craft. Just have a look!
The prices of Bitcoin, XRP, Ethereum & co. can be found here.
