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The market data are taken from HitBTC exchange.
hackers have stolen 913 Bitcoins of the canadian crypto exchange maple change. Although the stock market is only small, are always re-emerging news about Hacks are a strong deterrent for institutional investors who want to enter the crypto industry. Traditional financial companies that manage large amounts of money, are willing to take great risks.
Therefore is the entry-level of Fidelity in the area of the depot services to be extremely positive to look at. Because that gives institutional investors the same level of security is provided, the value of traditional assets accustomed to. Finally, Fidelity managed for decades, billions of dollars for sure.
Similar offerings from other major players, will also attract the investors who have not ventured so far out of concern because of the lack of security in the room.
The equity and investment company NXMH has taken on Bitstamp, one of the world's largest crypto-currency exchanges. NXMH, a subsidiary of Barclays, one of the largest banks in the UK, paid for according to Reports, the equivalent of about 352 million euros for this Deal.
Such investments, great Player to have in the future of crypto-currencies trust.
however, There were also negative news. The Nature Climate Change Journal predicted that Bitcoin could increase the global temperature by 2034 to about 2 degrees Celsius, if it is accepted at the same pace as other key technologies and uses.
Let's see how the markets react to these headlines.BTC/USD
The case is under $ 6,500 (5.727 Euro) has caused a sell trend and Bitcoin more pulled down. The next support below is at 6,200 US dollars (5.463 Euro). Including a new Test of the critical support between 5.900 US dollars (5.199 Euro) and 6.075,04 US Dollar (5.353,45 Euro) is likely to be.
The response to a small Descent, we tell us in which direction the next movement of the BTC/USD is the pair. If the price bounces from the support of strong back up, that would be a Signal that in the case of smaller Plunge is a buying demand.
If the digital currency falls under the Support, it means that the bears will sell a lot. A close below 5.900 US dollars (5.199 Euro) could trigger a negative development, the Loss of a number of Stop-Limits. This, in turn, could drag the price to the next support level down, between 5.450 US Dollar (4.802 Euro) and 5.000 US dollars (4.406 Euro). Therefore, traders with their Long positions may place the Stop-Loss Limit at 5,900 dollars (5.199 Euro).
Sometimes, the first breakout from a narrow range is only a deception. Therefore, we will need to watch for a couple of days before we can confirm a downward trend.ETH/USD
breaking out After Ethereum has not done it in the last couple of days, from the 20-day EMA, he bent down. He can correct on the next support at 188,35 US Dollar (165,98 euros), which has been previously been twice as a steadfast.
This Time, however, the downwardly inclined slide show averages and the RSI below 40, that the sellers have the upper hand. A case under 188,35 US Dollar (165,98 Euro) could lead to the ETH/USD Pair on 167,32 US Dollar (147,45 Euro). Including would continue the downward trend to continue.
for This negative Outlook is invalid, if the price bounces off the support from a strong back and over the moving averages can hold. About 249,93 US Dollar (220,24 Euro) could start a new upward trend, which could raise the rate on 322,57 US Dollar (293,07 Euro).XRP/USD
After the Ripple has kept up in the last couple of days at the 20-day EMA, it is like today. So he is below the two moving averages fell. Current we see a couple of purchases at the day's low, which is a positive sign.
The XRP/USD Pair has a support at 0,37185 US Dollar (0,3269 Euro), which could hold on to. If it falls below this Support, could extend the decline to the next support zone between 0,24508 US Dollar (0,2154 Euro) and 0,26913 US Dollar (0,2366 Euro).
above would signal strength of a breakout above 0.48 to US Dollar (EUR 0.42). We could only suggest Long positions, if the digital currency can $ 0.50 (€0.44). Our Outlook for this Pair is positive, because the 50-day SMA is climbing slowly to the top, and the 20-day EMA is flat.BCH/USD
After Bitcoin Cash in the last couple of days close to the support line, he's fallen below the symmetrical triangle. Although the pattern target is located further down, we expect a case to 300 US dollars (264 euros), which could act as support.
Although there is a minor support at 408,0182 US Dollar (358,6816 Euro), we expect that this is broken. The downwardly bent moving averages and the RSI is in the oversold area, indicating a continuing decline. Traders have a Long Position, can strike at the US $ 400 (352 Euro). The BCH/USD Pair contradicts our bear's view if it breaks out of 500 US dollars (440 Euro) and can keep.EOS/USD
After EOS since the 16th century. October ends close to the two moving averages lag, is it like today. He has a minor support at US $ 5 (4.40 Euro). He falls below, could extend the decline to 4.49 dollars (3,95 euros). Therefore, we recommend traders to keep your Stops on a Long Position at 4.90 US Dollar (4.31 euros).
The EOS/USD Pair is showing strength, if it jumps from 5 US Dollar (4,40 euros) up and over 6,10, US Dollar (5,37 Euro) climbs. As long as the price is below the moving averages, each rally attempt at ds higher levels of sales.XLM/USD
Stellar is under the moving averages like. He can correct on the next support zone between 0,184 US Dollar (0,1618 Euro) and $ 0.20 (EUR 0.18).
with The current decline in the bears managed to stop the recovery to the downtrend line of the falling triangle for the fourth Time. A decline 0,184 US Dollar (0,1618 Euro) would complete the descending triangle pattern, and in one case to the next support at $ 0.08 (EUR 0.07). The XLM/USD Pair is positive, if it climbs above the downward trend line of the descending triangle.LTC/USD
Litecoin has fallen in the last couple of days and is currently at the support at 49,466 US Dollar (43,485 Euro). This level has been already three times before, as a steadfast. Therefore, it will act as a strong support. If the bears make it, however, to come under this Level and to force a conclusion, including, it would complete the bearish descending triangle pattern. This, in turn, could lead to a drop to US $ 40 (35 Euro) and including 29 US $ (25 Euro).
The LTC/USD Pair is showing strength, if it bounces off of the support from back up and out of the triangle, or about US $ 60 (53 euros) breaks out. If the bear pattern fails, it is a positive sign. Therefore, we expect that there will be at about US $ 60 (53 euros) a breakout attempt from the range in 69,279 US Dollar (60,902 Euro).ADA/USD
Cardano has fallen below the symmetrical triangle. If the bears manage to force under the support line of the triangle is a conclusion, which would increase the probability of a decline to the lower end of the range in 0,060105 US Dollar (0,0528 Euro). Although there are approximately $ 0.07 (0.06 Euro), a support, a signal of the downward-bent 20-day EMA and negative RSI that this is likely to be broken. The digital currency is continuing its downward trend when it falls below 0,060105 US Dollar (0,0528 Euro).
The bear view is invalid, if the bulls manage to lift the price above the triangle. Such a move could raise the ADA/USD Pair to the upper end of the range in 0,094256 US Dollar (0,0829 Euro). A breakout above the margin increases the probability of a reversal and the Start of a new upward trend.XMR/USD
Although Monero is within a range, he makes a negative impression. The exchange rate has fallen to the lower end of the range between 100,453 US $ (88,307 Euro) and 128,65 US Dollar (113,28 EUR).
Both of the moving averages to bend gradually down and the RSI has slipped into the negative range. This shows that the bears have the upper hand.
A case 100,453 US $ (88,307 Euro) would be USD, XMR/-Pair on the critical support at 81 US dollars (71 euros). Including the downward trend will lead.TRX/USD
TRON has fallen below the 50-day SMA. As a result, he could fall to the next support at 0,0225 US Dollar (0,0198€). A case of this level would signal that the bears are in control.
The TRX/USD Pair continues its downward trend when it falls below the critical support at 0,0183 US Dollar (0,0161 Euro) and below closes (UTC). The next level below, one should keep in mind is 0,01095383 US Dollar (0,0096 Euro).
Our negative Outlook is invalid, if the cops create a recovery from the support level of from about 0,025 US Dollar (0,022 euros). The digital currency, signaling a probable trend change, if you can hold on to about $ 0.03 (0.03 Euro).
The market data are taken from HitBTC exchange. The Charts for the analysis come from trading view.