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The market data are taken from HitBTC exchange.
Christmas has brought crypto traders a little bit of joy. The total market capitalization of all cryptographic US dollars (88.7 bln. Euro) currencies, by about 29 percent, from just under 101 billion at 15. December to 143 billion US dollars (125,6 billion Euro) on Christmas eve increased.
Although it is still far below its all-time high, the growth of the latter-day signs of a bottoming out. In a recent Tweet, the co-founder of Ethereum, Joseph Lubin has said that he believe that for the year 2018 is a crypto floor was reached.
The current jump back up to the top, only up to a certain level, then the market participants are waiting that the fundamental factors improve.
One of the factors that can be observed most accurately, is the institutional interest in the industry. Although a number of large companies are showing interest, not much has happened.
The markets currencies rely on new product offerings, clear regulation and a floor for the Crypto to 2019 to attract the larger market participants. Any sign for a market entry of a major market participant to act as a strong catalyst for an upward movement in the digital currencies.
Should hold the dealer to the recent upturn in their positions or book profits? Let us find out.BTC/USD
Bitcoin faces at 4,255 US Dollar (3.735 Euro). Positive is, however, that he has held since the breakout above the 20-day EMA about this.
lead A breakout above 4.255 US Dollar (3.735 Euro) can increase to 4,500 US dollars (3.951 Euro). The falling 50-day SMA also lies just above this level, therefore, we expect that the bulls will defend this level.
We recommend short-term traders, close to 4,500 US-Dollar (3.951 Euro) gains more than 75 per cent of their positions and the remaining positions with a tight Stop-Loss run. If the cops from the 50-days-break out the SMA, may extend the rally to 4.914,11 US Dollar (4.314,59 euros). Nevertheless, we believe that this is unlikely.
The next downward movement will find strong support at the 20-day EMA and below 3.787,US $ 33 (3.325,28 euros). A case of this Zone will weaken the recovery and increase the likelihood of a re-test of the lows.
The long-term Trend for BTC/USD Pair is still in decline, but the short-term Trend has changed. If the next decline is about 3.787,US $ 33 (3.325,28 euros) remains, and the next upward movement a higher High forming, we can confirm that the lows of 15. December the ground was. The next days are going to be for the leading crypto-currency.XRP/USD
Ripple broke out about 0,40 US Dollar (EUR 0.35). This is a bullish Signal. He can now join up to the resistance line of the falling channel, which is likely to act as a rigid resistance.
The 20-day EMA is trending up, while the 50-day SMA has flattened. Also, the RSI is close to come to the overbought area. This shows that the Trend is reversed. It is unlikely that the soil in 0,24508 US Dollar (0,2147 Euro).
The above could crash the XRP/USD Pair at $ 0.50 (€0.44) on a heavy obstacle, where the dealer part of book profits and the stop for the remaining positions higher. In the case of an outbreak, it can extend the rally to 0,565 US Dollar (0,495€) and then to 0.625 U.S. dollars (0,548 Euro). Therefore, we recommend to close all the positions at $ 0.50 (€0.44). Our optimistic assessment is void, if the price changes the direction and under the 20-day EMA falls.ETH/USD
Ethereum is broken out with ease on 136,12 US Dollar (119,51 Euro) and is located close to the major overhead resistance at 167,32 US Dollar (146,91 Euro). Traders booked profits in 136,12 US Dollar (119,51 Euro), the remaining positions around 167,32 US Dollar (146,91 Euro). We expect a Pullback or a consolidation at this level. If the digital currency breaks out, however, from 167,32 US Dollar (146,91 euros), can they climb on 211 US dollars (185 Euro).
The 20-day EMA is trending up and the 50-day SMA has flattened. The RSI has climbed out of the oversold area, in which he was very deep in the overbought. This suggests that the short-term Trend has changed.
If the next drop in to one of the moving averages support, confirmed a bottom at 83 US dollars (72 euros). We expect that the ETH/USD will remain some time in a range, before it starts a new upward trend.BCH/USD
Bitcoin Cash has consolidated in the last three days close to the Days highs. The bears could not push the price down. This shows that the bulls are booking profits, and every small decrease in purchase.
If the rate day EMA remains in the next 2-3 days on the 20th, we can expect another attempt from the 50-day SMA break out. If this is successful, it may extend the Pullback on 307,01 US Dollar (269,55 Euro), which corresponds to the 61.8% Fibonacci burglary level of the recent decline. Traders should place their stops are always higher.
If the BCH/USD Pair bends, however, from the 50-day SMA from below, it could find support at the 20-day EMA. A case under the moving averages would disrupt the upward momentum, and for a few weeks trading within a range. The downward trend continues, if the bears let the Couple under 73,50 US Dollar (is 64,53 euros) to decrease.EOS/USD
EOS tried from the 38.2% Fibonacci burglary level of 3,0510 US Dollar (2,6734 Euro) break out. In addition, we expect a strong resistance at the 50-day SMA and 3,8723 US Dollar (3,3930 Euro).
If these two levels are overcome, the rest until the next major resistance at 4,493, US Dollar (3,937 euros). We assume that the Zone zwischen00 3,8723 US Dollar (3,3930 Euro) and 4,493 dollars (3,937 euros) will be a big hurdle.
The next Leg down is likely to be found at the 20-day EMA support. A case of this support can lead to a consolidation for a few days. The EOS/USD Pair continues its downward trend when it falls below 1.55 to the US Dollar (EUR 1.36).XLM/USD
Stellar is above the 20-day-erupted EMA and 0,13427050 US Dollar (0,1177 Euro). This is a bullish sign, which opens the door for a rise to the 50-day SMA and on 0,184 US Dollar (0,161 EUR).
The 20-day EMA is flattened, and the RSI has climbed into the positive range. This shows that the demand in the short term, exceed the offer. However, the 50-day SMA is trending downward. This means that the long-term Trend is still declining.
The Couple continues to show a weak performance, so we do not recommend trading. The recovery is weakened, if the XLM/USD Pair falls below 0,11196656 US Dollar (0,0981 Euro).LTC/USD
Litecoin has reached, as expected, the overhead resistance of 36,428 US $ (31,919 euros). We expect that the bears will defend this level. If they succeed, can fall back the rate on the 20-day EMA.
the recovery in the LTC/USD Pair on 47,246 US $ (41,399 Euro) extend If the cops can, but the overhead resistance to break through. Therefore, traders can let your stops on the remaining positions run.
The 20-day EMA is trending up and the RSI has climbed into the positive range. This suggests an advantage for the bulls in the near future. We expect that 23,10 US $ (20,28 EUR) will be the ground, as long as the price holds over 29,349 US Dollar (25,717 Euro).BSV/USD
Bitcoin SV is in a range between 80,352 US Dollar (70,407 Euro) and 123,98 US Dollar (108,64 Euro). The attempt, from the margin to escape, failed on 20. and 21. December. Nevertheless, the bulls have been able to keep the course in the last three days, more than 100 US dollars (87,62 Euro). This shows that you can buy at every small decline.
We expect within the next 3-4 days and another attempt from the range break out. If the breakout can hold, can extend the recovery up to 167,608 US $ (146,864 Euro). While traders who hold part positions, which can up to take motion, with a closing price on 123,98 US Dollar (108,64 Euro) new positions with a close-fitting Stop-Loss.
If the bears can, however, defend the brand of 123,98 US Dollar (108,64 Euro) until the end (UTC) could the BSV/USD Pair for the next few days within a span of remain. We could even suggest Long positions if the price of 80,352 US Dollar (70,407 Euro) jumps to the top. The Trend is weakening, if the bears push the price below 65,031 US Dollar (56,982 Euro).TRX/USD
TRON is holding steady, reflecting continued purchases by the cops. The moving averages of Crossover, which means a trend reversal are in front of a bull. If the cops do it than 0.025 US Dollar (0,022 euros), will reach the next upward movement is likely to be the overhead resistance of 0,02815521 US Dollar (0,0247 Euro).
The TRX/USD Pair is three times the bent of 0,02815521 US Dollar (0,0247 Euro) down, so we expect a strong defense of this level by the bears. The RSI is in the overbought Zone, indicating that a Pullback is imminent.
We assume that the crypto currency will consolidate in the next few weeks in the area between 0,0183 US Dollar (0,0160 EUR) to 0,02815521 US Dollar (0,0247 Euro). A breakout from this range will trigger a new upward trend. We could suggest Long positions, if the next decline in the EMA holds about 0,0183 US Dollar (0,0160 EUR) or 20-day. Our views on a reversal of the trend is void if the Pair ends under the moving averages.ADA/USD
Cardano tried, from the 50-day SMA break out and reach the next overhead resistance at 0,060105 US Dollar (0,0527 Euro). Trader, about 50 percent of their positions have left, can either book the Rest of the profits at this level or at the stops very short run.
The 20-day EMA is trending upwards, while the RSI from the oversold Zone and is rising in the overbought Zone. This shows that the bulls have the short term upper hand. The 50-day SMA is trending, however, is still down. This means that the long-term Trend is still declining.
We expect to see another Leg down. Therefore, we recommend to book profits in the vicinity of 0,060105 US Dollar (0,0527 Euro). Traders can enter at declines again. Any correction is likely to find support at the 20-day EMA and below 0,033065 US Dollar (0,0290€). Our optimistic forecast is void if the ADA/USD Pair below the lows of 7. December falls.
The market data are taken from HitBTC exchange. The Charts for the analysis come from trading view.