Rate analysis 2. January: Bitcoin, Ethereum, Ripple, Bitcoin, Cash, EOS, Stellar, Litecoin, Bitcoin, SV, TRON, Cardano

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The Martkdaten were from HitBTC exchange market

provided The new year has started behavior. The Venture Capital Investor Fred Wilson is not expected that the crypto markets are going to win again this year, as the safe Harbor he sees you. The Wall Street Journal (WSJ) expected that the Start of Bakkt will attract new investors in the asset class.

Bakkt, by the operator of the New York Stock Exchange (NYSE) based company, has completed a round of funding 182,5 million dollars by its partners. The start date is expected to be given in the first quarter of 2019 known. The Performance of the leading crypto-currency is likely to remain during the introduction of futures trading on the Bakkt volatile.

The bear market in the year 2018 has spared no crypto-currency. About 1,000 Altcoins have disappeared in the past year for various reasons. Although some media said, in the course of the year, approximately 90 Times the death of Bitcoin, has survived for the leading crypto-currency yet and is trying to start currently a recovery. Bitcoin developer Jimmy Song expected that Bitcoin will achieve due to its decentralized nature, still a better Performance.

we Look at the Charts and we think about what digital currencies could make at the beginning of the year to take a step forward.

BTC/USD

Bitcoin is since 26. December in a narrow range between 3.912,91 $ 3.598,99 $. A breakout from this range will lead to a further attempt to come across the brand from 4,255$. In the case of success, an inverse head and shoulder complete pattern with a pattern target of $ 5,500 in. Above this level may increase Bitcoin up to 5,900$. Short-term traders can buy on a Close (UTC time frame) 4.255$, where the Stop-Loss should be at 3.550$.

The down sloping 50-day SMA, the long term Trend is declining. The 20-day EMA is flattened, and the RSI is close to 50, suggesting that the short-term Trend is sideways. The BTC/USD Pair is expected to fall, if it falls under 3.598,99$, and the downward trend would continue under 3236,09$.

ETH/USD

Ethereum is trying to take over the mark of $167,32 break out. If successful, it can increase to up to $ 225. The moving averages, a bull have completed skills Crossover and the RSI is in the positive area, which is also a bullish sign.

the bears Defend the brand from $167,32 could go back to the ETH/USD Pair to $136,12 and below the moving averages. We expect in this area a strong support.

this Should fall, however, might be falling the virtual currency to $100 and including on the all-time low of $83. Traders can wait for a decline to the support, and then enter.

XRP/USD

Ripple listed for seven days near the 50-day SMA. If the bulls overcome this resistance, it could rise up to $0.40 each. A break above would be an inverse head and shoulder pattern is complete, a pattern target of $0,52205 has a small hurdle to the resistance line of the descending channel.

short-term traders can therefore buy at a price over $0,40 (UTC time frame) with a Stop-Loss just below $0,32.

Should turn the XRP/USD Pair from one of the Overhead resistances, it will find, contrary to our expectations 0,33108 $ and below 0,28600 $ support. The downward trend is set to continue under 0,24508$.

BCH/USD

Bitcoin Cash has almost reached the top of the descending channel. The 50-day SMA is located directly above the channel. We therefore expect a strong resistance at this level.

If the cops overcome the overhead resistance, you will record the recovery, can bring to the BCH/USD Pair to $307,01 and $355. Short-term traders can wait for a Close (UTC time frame) above the 50-day SMA to buy then.

go back to If the digital currency is reversed at the 50-day SMA, it could, contrary to our assumption on $ 100. Also this value should fall, it can lead to a decrease in 73,50$.

EOS/USD

Although the bulls have held the EOS above the 20-day EMA, they were not able to drive them higher. The overhead resistance is at the 50-days SMA and $3,2081. Above these two values can extend the recovery up to 3,8723$.

the EOS/USD Should fall-but under the 20-day EMA, it may fall on 2,1733 $ and below this value, a new Test of 1.55 $ is even likely. The declining 50-day SMA suggests that the long-term Trend remains downward. In the short term, the flat suggest that the 20-day EMA and the RSI is close to the mean on a short-term consolidation.

XLM/USD

Stellar has moved in the last seven days, close to the 20-day EMA. Towards the bottom the bulls have defended the $0,11024826. A break of this support could lead to a re-Test of the lows of 0,09285498$.

Should break out the XLM/USD Pair above $0,13427050, it could move up to $0,184, with a low resistance at the 50-day SMA. The digital currency has not performed well, so we can stay in for the time being neutral. In the case of a trend reversal pattern, we should be a positive development.

LTC/USD

Litecoin was traded in the last five days about 29,349 $. The price is on the verge of the 50-days SMA to break out, which could lead to an attempt to make the Mare of 36,428$.

A breakout of a bullish inverse head and shoulder pattern with a target of 49,756 $ would be complete. Therefore, we recommend Long positions in case of a breakout with a closing price (in UTC time frame) 36,428 $.

If, however, the bulls do not succeed, the neck line of the inverse head and shoulder pattern break through, the bears, the LTC/USD Pair under 28,067 $ what could lead to a re-Test of lows.

BSV/USD

Bitcoin SV is still within the range of $80.352 up to $123.98. He is there since the 26. November.

The next movement begins with an outbreak, or a shortfall of the area. An outbreak is to extend the recovery to $167.608, while a can lead to underflow of the range to a re-Test of the lowest level at $38.528. If the BSV/USD Pair breaking out from the area, it will continue its consolidation. The longer the span, the stronger the subsequent fraction of your. Therefore, a Trader could enter on a breakout with a closing price of about 123,98 $.

TRX/USD

TRON stopped at the 1. January again the support at 0,0183 $. The 20-day EMA continues to grow, which is a positive sign.

A to Overcome the downward trend increases the likelihood of a rise to $0,0246 and about $0,02815521. Traders with Long positions can hold with a stop at $0,018.

the bear in the TRX/USD Pair on the other hand, $0,018 to fall, it could fall on the 50-day SMA, and below to $0,013.

ADA/USD

Cardano moved between the 20-day EMA and the neckline of the inverse head and shoulder pattern.

We expect that the COP car in the next few days, a breakout above the neck line. Due to the tight consolidation in your area, we expect that the ADA/USD exceeds Some of the immediate resistance of 0,060105 $ and get to the pattern target 0.066 $ recovered. Traders can enter after a close above the neck line of the Long positions.

is not the digital currency, however, over the neck line and below the 20-day EMA are falling, so you can drop to 0,036815 $ and including up to 0,027237$.

Market data is provided by the HitBTC exchange. Charts for analysis are provided by trading view.