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Altcoin-market analysis KW7 – Binance Coin (BNB), now part of the Top 10, slight losses for Stellar

the entire market capitalization rose this week to 122 billion US dollars. Especially the Binance Coin profited greatly and was able to achieve a price increas

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Altcoin-market analysis KW7 – Binance Coin (BNB), now part of the Top 10, slight losses for Stellar
the entire market capitalization rose this week to 122 billion US dollars. Especially the Binance Coin profited greatly and was able to achieve a price increase of 44 percent. Also, Litecoin can be happy about a price increase of 35 percent, while Stellar continued its downward trend.

Dr. Philipp Giese
11. February 2019BTC$3.629,12 -0.27% part Facebook Twitter LinkedIn xing mail

the development of the ten-crypto is Shown currencies with the highest market capitalization:

8. February has ended the unsatisfactory situation of the market, at least for the time being: Up to XRP, Stellar, Tron, and of course Tether the other crypto could be more or less ordinary rate currencies to show growth. All Binance Coin, the name Token of the well-known crypto-stock exchange Binance to is here: Since the recent statements from Changpeng Zhao, the plans are with respect to the Binance Coins, the price rose by a whopping 44 percent. But Litecoin does not need to hide with a gain of 32 percent, and currently EOS the fourth place in the Top 10 in dispute.

These positive developments led to an increase in the market capitalization of 114 billion US $ 122 billion US dollars.

The bearish Sentiment of the last few weeks, wich is now a more positive market situation. In an article about the Aroon indicator explained, although it is still too early to speak of the end of the bear market, but overall, the market seems to be relax able for the most part. So, you can take to consider Long Positions, and with respect to Targets on the Resistances and, in relation to Stop Losses to the Supports are oriented. With the exception of especially XRP, Tron, and Stellar, the Sentiment that invites rather to Short Positions.

Best price development: Binance Coin (BNB)

As has been proven by the moving average of the last 50 days that is described in the Support After it has been tested since the beginning of the year twice, was there for the Binance-Coin-rates no. With a rally that brought the price to a price increase of 44 per cent, was able to get the Token from the home Binance a place in the Top 10, and the sliding average of the last 20 weeks of rise.

Read also: Up, down, sideways: Bitcoin price trend using the Aroon indicator

The MACD to determine is positive and continues to rise. Also if the RSI is currently in overbought area – what during a rally is not unheard of – and speaks of the Aroon indicator for a total of bullish evaluation. It is, therefore, a Long Position, the Target is at the height of the two Resistances 10,79 US Dollar and 12,03 US Dollar. As a Stop Loss, just set Trailing Stop offers currently 8,72 US Dollar, pulling gradually. The course should fall under the first Support 8,23 US dollars, you could think about a Short Position, the Stop Loss also when 8,72 US dollars and the first Target of 6.28 US dollars.

Worst course development: Stellar (XLM)

Stellar lumen is now for the third Time of the worst performing Coin in the Top 10. However, Stellar had to cope with a course this time, no dramatic price fall and decreased by only two percent.

The negative, but rising MACD and an RSI at 38 still continues to be a bearish language. The Aroon-Down Signal is still 64 and confirmed this assessment. It is, therefore, a Short Position, their Targets at the height of the two Support at $ 0.07 and $ 0.06. As a Stop Loss is the Resistance at $ 0.09. This Level can also be used as an entry point into a Long Position in the Target at 0.11 US Dollar and their Stop Loss at $ 0.08.

the stability of the Top 10

Ethereum could rise to second place in terms of market capitalisation, however, XRP is only two per cent of the second place. Between the EOS and Litecoin the fight is not finished yet: A Pump of six per cent would raise Litecoin again on the fourth place in the Top 10. Bitcoin Cash should keep his Position, a course will fall to six per cent would lead to a Flippening with Tether. Finally, a fight for the final places inside the Top 10 with respect to Tron, Stellar, Binance Coin and Cardano started: The Market capitalisation of Tron and Stellar is only ten percent, and the distances between Stellar and Binance Coin or Binance Coin and Cardano is only eight percent.

also Read: the Altcoin-market analysis KW5 – Tron defying the sell-off

winners and losers of the week

an Average of the crypto-currencies of the Top 100 have increased by eight percent and have performed slightly better than Bitcoin. Winner of the week Quant and Theta Network, their rates could more than rise to sixty percent. In the case of Quant an Interview with the CEO of Quant to be a trigger. Loser of the week Augur, Revain, Waves, and TenX, each of which had to accept more than five percent of the losses were.

57 percent of the Top 100 crypto-currencies have worse performing than BTC. The market share remained at 53 percent.

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.

table data on the Basis of coingecko.com

the chart images on the Basis of the data of bitfinex.com and bittrex.com.

USD/EUR exchange rate on the cut-off: 0,88 euros.

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