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 Financial Action Task Force (FATF), a global oversight organization for anti-money laundering (AML), up to June of the next year, rules for the Surveillance of crypto-currencies. This is a welcome step, which will create uniform rules and the use of virtual currencies, and to reduce money laundering and the financing of terrorism.
In the year 2017 and beginning 2018, the volatility of Bitcoin was a much-discussed topic. It was considered to be one of the most off-putting aspects of the mass acceptance of crypto-currencies. Now, in the last quarter of 2018, the 20-day historical volatility (HV) of Bitcoin to 31.5 percent. Thus, it is lower than the volatility of the Top stocks like Amazon, Netflix, and Nvidia Corp., whose HVs are, respectively, 35 percent, 52 percent and 40 percent.
this Is the new normal or just the calm before the storm? This will show only with time. Let the Charts and the key levels to consider. The Crypto-currency to their decline continue or will there be a trend change?
BTC/USD
Bitcoin is on 19. October, under the moving-like by the cuts, but the bears could not take advantage of the decline. The course is, in fact, climbed the next day back to the top. The 20-day EMA is flat, while the 50-day SMA falls gradually. The RSI is in the mid range. All signals and the price behavior indicates a balance between buyers and sellers.
If the bears manage to come in under $ 6,500 (5.661 Euro), could extend the decline to 6,200 US dollars (EUR 5,400). The next important level below the support zone between 5.900 US dollars (5.138 Euro) and 6.075,04 US Dollar (5.291,30 Euro). If the price falls below it, we expect panic selling that could lead to a sharp decline.
The above would attract a breakout above 6.381,99 US-Dollar (5.558,65 Euro), the buyer and the Short-sellers forced to cover their positions. This, in turn, would catapult the BTC/USD Pair on the 7,400 U.S. dollars (6.445 Euro).
The volume is decreased, and neither bulls nor bears have the upper hand in the trade. We will have to wait until one of the two sides to take an important step. Until then, we expect that the sluggish trade within the range will continue. Traders with Long positions can your Stop Loss Limits for safety’s sake, at 5,900 dollars (5.138 Euro).
ETH/USD
Ethereum is still below the moving averages. This is a negative sign. He could now fall to the first Support 192,50 US Dollar (167,67 Euro). Including a new Test of the lows from the 12. September 167,32 US Dollar (145,73 Euro).
If the ETH/USD Pair further up and out of the sliding breaks out averages, it is the upper end of the range between 192,50 US Dollar (167,67 Euro) and 249,93 US Dollar (217,69 Euro).
The digital currency is positive if it comes about US $ 250 (218 Euro). If the bulls can keep above the range, is a rally in the direction of 322 US dollars (280 euros). We do not see any purchase constellation, as long as the price is within the range.
XRP/USD
The bears have defended the 20-day EMA in the last four days. Ripple can now correct on the 50-day SMA, which could act as support.
If the bears make it under the 50-day SMA, the XRP/USD Pair on 0,37185 US Dollar (0,3243 Euro). Next up is a breakout and closing (UTC) can lift the 20-day EMA, the rate on a $ 0.50 (€0.44), $ 0.55 (0.48), and then to 0.625 U.S. dollars (0,545 Euro).
We do not see any reliable purchase constellation at the current levels. Therefore, we recommend not to trade the Pair.
BCH/USD
Bitcoin Cash jump effort from the support line of the symmetrical triangle upwards. The course has not managed to get above the 20-day EMA. That is a bear sign. Both moving averages tend to be downward and the RSI is also negative. This shows that the bears have the upper hand.
A case under the triangle, and the days deep of 11. September 408,0182 US Dollar (355,8971 Euro) will continue the downward trend to continue and the price to the next support at US $ 300 (261 euros) lower. Thus, traders should be your Stop Loss Limits in their Long positions at 400 US dollars (348 euros) left. The BCH/USD Pair indicates a reversal, if it breaks out from the triangle.
EOS/USD
EOS in the last six days, at about US $ 5.50 (4.79 EUR). Both moving averages are flat and the RSI is almost in the neutral range. This shows that the consolidation could go on for a few more days.
The EOS/USD Pair indicates a trend reversal, when it comes about 6,8299 US Dollar (5,9574 Euro). If the price can hold above the range, is a rally in the direction of 9 US $ 7.84 in (Euro) probably.
If the bears make it further down to get under 4,4930 US Dollar (3,9191 Euro), it could lead to a re-Test of the level of 3,8723 US Dollar (3,3776 Euro). Therefore, traders can Loss their Long positions with a Stop-Limit 4.90 US Dollar (€4.27).
XLM/USD
Stellar in the last four days close to the downtrend line of the descending triangle, but has not managed to come about. Currently, he is above the two moving averages, the incline to the top. This is a positive sign.
catapult for A breakout from the triangle the XLM/USD Pair to $ 0.36 (0.31 Euro). A minor resistance is at 0.30 US dollars (€0.26). Therefore, traders can open a Long Position, if there is a conclusion (UTC) to 0.27 US dollars (€0.24). This level is just above the high of the day of 15. October.
If the bears defend the downward trend line, and den course subject to the sliding ends of the pressing means, the digital currency based on the below support zone between 0,184 US Dollar (0,161 EUR) and $ 0.20 (EUR 0.17).
LTC/USD
Litecoin is gradually fallen to the lower end of the range between 49,466 US Dollar (43,147 Euro) 69,279 US $ (60,429 Euro). Both of these sliding averages are bend downwards and the RSI is also negative, but this is a bear sign.
A case of the margin would lead the downward trend continued and the LTC/USD can reduce the Pair to the next support at US $ 40 (35 Euro).
The virtual currency signals a trend change if it breaks out from 69,279 US $ (60,429 Euro) and it holds. After the outbreak, it can lie down the course of a rally towards the next overhead resistance at 94 U.S. dollars (82 euros). Traders should wait until a breakout is confirmed before opening Long positions.
ADA/USD
Both moving averages and the rate of Cardano are close to each other. You have moved in the last three days. The virtual currency is stuck in a range between 0,060105 US Dollar (0,0524 Euro) and 0,094256 US Dollar (0,0822 Euro).
If the cops can raise the price above the moving averages and 0,083 US Dollar (0,072 Euro) for a rally in the direction of the overhead resistance at 0,094256 US Dollar (0,0822 Euro).
below would reduce to a case under 0,069 US Dollar (Euro 0.06) in the Pair to the key support at 0,060105 US Dollar (0,0524 Euro). As the ADA/USD Pair is approximately in the middle of the span, we can see currently there is no reliable purchase constellation.
XMR/USD
Monero has been able to keep the brand from 104 US dollars (91 euros) in the last four days and is currently trying to climb above the 20-day EMA. If he manages to come over both moving averages, he can climb on 128,65 US Dollar (112,05€).
If the XMR/USD Pair of 20-day-jumps EMA back down, it could fall to $ 100 (87 Euro). This level will act as strong support, as it has already been held before, twice. The flattening floating point averages indicate a consolidation. If the bears are going to create a decline under $ 100 (87 Euro), is a case to 81 US dollars (71 euros).
TRX/USD
TRON is still close to the 20-day EMA. The daily range has decreased in the last three days dramatically. The lack of buying signals and selling interest of market participants.
The TRX/USD Pair will move until it breaks out on the upper end of the range between 0,0183 US Dollar (0,016 Euro) and 0,02815521 US Dollar (0,0246 Euro) and can keep. Since the crypto-currency is for more than two months already in this range, we expect that the eruption will carry you to the next overhead resistance at 0,04158193 US Dollar (0,0363 Euro). Dealers can purchase at a closing (UTC) $ 0.03 (0.03 Euro) and the initial Stop-Loss Limit at $ 0.02 (0.02 Euro).
If the bears push the price below the support of 0,0183 US Dollar (0,016 Euro), would be the next target below 0,00844479 US Dollar (0,0074€).
The market data are taken from HitBTC exchange. The Charts for the analysis come from trading view.
