The views and opinions listed here are solely those of the authors necessarily reflect the views of Cointelegraph. Each Investment and Trading involves risk and you should be good to do research before making a decision.
The market data are taken from HitBTC exchange.
The last day of a very difficult year for crypto traders. During the year, in 2018 began to be positive, it ends with uncertainty. Traders and analysts are divided on whether the cryptographic bottoming out and currencies. Which in a way is good, because the markets are cautious and the excesses have stopped.
In the year 2019, there is a series of events that could reverse the crypto markets. All eyes are focused on institutional investors, because they would have to participate now, in order to bring the markets to the next level. Even after a crushing bear market of crypto traders want to invest in virtual currencies. 40 percent of the participants in a recent Chinese survey expressed their interest in investing in crypto-currencies in the future. Similar surveys in the United States, Germany and the UK have all shown a positive demand for crypto-currencies.
We are in terms of digital currencies in the year 2019 is optimistic, however, believe that it will only be a gradual increase, and the expectations should be scaled down. You have to act sure, so we are here, the next vertical run to take advantage of and take. There are at the current level any purchase constellations? Let us find out.BTC/USD
Bitcoin is currently above the 20-day EMA break out of the flattened. If the breakout does not succeed, the sales of which will win under 3.598,99 US-Dollar (3.116,69 Euro) momentum. The downward trend is a case of under the low of 15. December continue. The falling 50-day-confirmed SMA, the long term Trend is still declining.
The BTC/USD Pair has shown signs of a probable reversal, if it breaks out from the neckline of the developing inverse head and shoulder pattern. The 50-day SMA and the horizontal resistance at 4,255 US $ (3.684 Euro) are located in the vicinity. This makes it a critical level, which you should watch above.
A breakout of the neckline has a pattern target of 5,500 US dollars (4.762 euros). Although there is a minor resistance at 4.914,11 US Dollar (4.255,57 Euro), we expect that this is broken. Short-term traders can wait for a close above 4.255 US Dollar (3.684 Euro) to buy then. The Stop-Loss is in place just under 3.550 US- $ (3.074 Euro).XRP/USD
Ripple is at the 50-day SMA of a rigid resistance to. If the cops don't quickly overcome this resistance, is to decline to 0,33108 US Dollar (0,2882 Euro).
The XRP/USD Pair under 0,33108 US Dollar (0,2882 Euro) is weaker and can fall to the next support at 0,286 US Dollar (0,249 Euro). If the price falls below this support, a re-Test of the level of 0,24508 US Dollar (0,2133 Euro).
Both of these sliding averages are flat, indicating a possible short-term consolidation. The digital currency is in the short term will be positive, if the price holds above US $ 0.40 (0.35 Euro). Such a movement can lead to a rally to the resistance line of the descending channel at about 0,48 US-Dollar (EUR 0.42).
can We expect a new uptrend, if the bulls break above the channel and close (UTC). In such a case, may extend the rally to 0.56 US Dollar (EUR 0.48), or 0.62 US Dollar (€0.54) and 0,7644 US Dollar (0,6653 Euro).ETH/USD
The Pullback in the case of Ethereum made on the 29. December, at 153 US dollars (132,50 euros) and in the last two days about 136 US dollars (117 Euro).
The moving averages are on the verge of a bullish Crossover, suggesting that the short-term Trend changes. We expect that the bulls will try again on 167,32 US Dollar (144,90 Euro) break out.
If the ETH/USD bends Some, however, from the current level down and under 116,30 US Dollar (100,71 Euro), to USD 100 (EUR) to 83 US dollars (72 euros). Traders should still wait for a new purchase constellation, before opening Long positions.BCH/USD
Bitcoin Cash is currently in a channel case. Currently the bulls are trying to keep the price above the 20-day EMA.
A faster breakout from the channel will provide him with a recovery that has a pattern target of 355 US dollars (307 euros), with a low resistance at 307,10 US Dollar (265,95 Euro). Short-term traders can benefit from this development by opening Long positions.
If the bears don't create it, however, out of the channel and the 50-day SMA break out can fall the BCH/USD Pair back to the lower end of the range. A case under the channel can lead to a decrease in the Depth of 73,50 US Dollar (63,65 Euro).EOS/USD
The cops were not able to keep EOS for a long time the 20-day EMA. This indicates a lack of demand at higher levels. The 20-day EMA is more or less flat and the RSI is close to 50. Thus, the probability of a range in the near future is increasing.
A case below the support zone between 2,3093 US Dollar (2,0099 Euro) and 2,1733 US Dollar (1,8916 Euro) and the EOS/USD Pair to the Low of 1.55 to the US Dollar (1.34 Euro) to decrease. A case under the lows to continue the downtrend. Next up is a breakout and close above the 50-day SMA would be a positive development, which can lead to a rally on 3,8723 US Dollar (3,3703 Euro). We do not see any reliable purchase constellations and therefore propose no trade.XLM/USD
The cops trying to lift Stellar over the 20-day EMA. The 50-day SMA bends downwards, which confirms the long-term downward trend. In the short term, the RSI is below 50 and the 20-day SMA is flat, which suggests a probable consolidation. If the price falls, however, under 0,11024826 US Dollar (0,0960 Euro), he may test the lows again.
Weiter above a breakout above the 20-day bump-EMA resistance at 0,13427050 US Dollar (0,1169 Euro). The XLM/USD Pair indicates a possible reversal in case of an outbreak and conclusion about 0,13427050 US Dollar (0,1169 Euro). It has, however, shown a weak performance, which is why we will wait until a new one upward trend, before we suggest a trade.LTC/USD
The recovery in the case of Litecoin stumbles at 50-day SMA on a rigid resistance. The cops were since 6. November is no longer able to keep on top of this, so that a breakout and close above the 50-day SMA would signal strength.
The bullish inverted head and shoulder pattern will be complete with a breakout above 36,428 US $ (31,706 Euro). The pattern target for a breakout above the neckline is 49,756 US Dollar (43,3056 Euro). Therefore, traders Long open positions at a closing (UTC) 36,428 US $ (31,706 Euro). Because of the long-term Trend is still declining, traders can use only about 40 percent of the usual position size.
go back If the LTC/USD Pair from the current levels bends down, it may take up to 28,067 US Dollar (24,428 Euro). If this support is broken, a re-Test of the lows is likely. The downward trend continued with a decline in under 23,10 US $ (20,00 Euro).BSV/USD
trying to get The cops, for instance at the lower end of the range at 28. Jump to December back to the top, but the Pullback stopped at $ 100 (86,60 EUR).
Currently, the bears are trying to range down to break through. If that succeeds, may fall to the BSV/USD Pair on 65,031 US Dollar (56,600 euros). If this support is broken down, it can extend the fall up to 38,528 US Dollar (33,533 Euro).
If the cops have to defend, however, the lower end of the range, could remain the digital currency for a few days in the span. We will consider it on 123,98 US Dollar (107,91 Euro) or a strong jump back up to the top of 80,352 US Dollar (69,935 Euro) as positive. Until then, we suggest that traders wait and watch.TRX/USD
TRON finds support in 0,0183 US Dollar (0,0159 Euro) and is 0,022 US Dollar (0,019 Euro) a resistance to. A breakout above was 0.022 US Dollar (0,019 Euro) can lead to a recovery on 0,0246 US Dollar (0.214 euros) and on 0,02815521 US Dollar (0,0245 EUR).
We have seen the TRX/USD Pair in the last days as positive, because it jumped from the lows from a strong back-up and the higher levels. The bullish Crossover of the moving point averages, is also an indication that the bulls have the upper hand.
Our positive assessment is void if the Pair falls below the support at 0,0183 US Dollar (0,0159 Euro). Therefore, the dealer, which, as we have recommended Long positions just under $ 0.02 (€0.02) has opened should set a Stop-Loss Limit just below 0,018 US Dollar (0,016 Euro). Below 0,0183 US Dollar (0,0159€) can be covered the digital currency to 0.016 United States Dollar (0,014 Euro) and 0,014 US Dollar (0,012 Euro).ADA/USD
Cardano has held in the last three days above the 20-day EMA. The 20-day EMA is rising gradually, and the RSI is in the positive area, giving the bulls a marginal advantage.
The cops are trying to currently, over the cutting of the mirror-reversed head and shoulder pattern break out. If that succeeds, you can lie down on the crypto-currency, a rally in the direction of the pattern target at 0,066 US Dollar (0,057 Euro). Although there is a minor resistance at 0,060105 US Dollar (0,0523 Euro), we expect that this is broken.
test If the ADA/USD bends Some, however, from the current levels down and under 0,036815 US Dollar (0,0320 Euro), the low levels again. Within the next 3-4 days, we expect a decisive step.
The market data are taken from HitBTC exchange. The Charts for the analysis come from trading view.