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.
If the markets of the ordinary private investors are moving are weakening, while the pros get started, then, to take advantage of the cheap rates. Although the trade volumes are lower, investment (in enterprises), on the way to the top.
For example, Goldman Sachs, and Mike Novogratz, CEO of Galaxy Digital, recently for 15 million US dollars have been invested in the crypto-Trustee BitGo. Data of pitch book, compiled by JMP Securities, showing that until the end of the year 145 of such transactions in crypto/Blockchain-companies are carried out. In the previous year, this number was only 47.
In terms of the rates, some experts believe that the current resting phase is drawing to a close. Rather, they expect that Bitcoin moves in the next 1-2 weeks, a decisive change of direction. The Charts on a possible upturn or downturn? Let’s find out!
BTC/USD
Bitcoin has not managed the top-side resistor of 6,381,99 US-Dollar to break through, which has led to a downward movement. Currently, the rate is close to the Sliding means (MA), which, in turn, could act as support. If the bears can, however, initiate the swing below, it is possible that the crypto currency will slip to the next Support 6,250 US dollars.
The lack of buying activity after the recovery from the 15. October is a bear sign. It is seen that the participants in the market increase want to sell at any price as quickly as possible in their positions. Both Moving average are flat and the RSI is in the middle, which indicates upcoming consolidation.
The BTC/USD Pair may remain for the next few days in the price range between 5.900 – 6.832 US Dollar. A breakout from this shows the direction of the future price development.
On the top side, the bulls should take note of the brands of 7,400 and 8,400 thousand dollars, while on the bottom 5.900 US dollars is the brand that any panic would trigger sales. The course would then crash on 5.450 the US Dollar, and even up to 5,000 US dollars.
We recommend that investors close their positions if the Pair drops below Support of 5,900 USD.
ETH/USD
Ethereum remains weak. Probably it will test the bottom of the range of 192.5 – 249,93 US Dollar again. If the bears can break down, is a repeated Test of the lows of 167,32 dollars probably.
Everyone tried recovery on the Sliding means is a resistor and also to the 249,93 US-Dollar brand. The ETH/USD Pair is showing strength, if it can consolidate above the price range.
investors should wait for a close above $ 250, it takes place before long-term positions. For the time being, it is advisable, however, to remain inactive.
XRP/USD
Ripple is slightly fallen below the 20-day EMA, which can be seen, the trigger on the higher levels of profits. Both Moving average remain flat and the RSI is near the neutral range. It will come in the short term, a consolidation.
The XRP/USD Pair will be negative, if the Support of 0,37185 US-Dollar. On the top there are several Resistors at each of 0.5 and 0.55 and 0,625 US Dollar. The previous uptrend continued, if the brand of 0.625 U.S. dollars can be permanently exceeded. At the Moment, however, there is no suitable purchase opportunities, which is why we do not recommend Trades.
BCH/USD
A lack of buying activity has pushed Bitcoin in Cash up to the Support of the symmetrical triangle. If the triangle holds, the downtrend and the price might drop to 300 dollars. At the Intraday Low of 11. September is a weak Support is 408,0182 US Dollar. Investors should provide their Long positions with a stop of 400 US dollars.
The 20-day EMA is down, after it was flattened for the last few days. The RSI is also negative. The sellers have the upper hand. The BCH/USD Pair is showing strength, if the cops can see the triangle break.
EOS/USD
EOS is currently perfectly calm and stay close to the Sliding means. The crypto-currency is to love in the past two months in the span between 4,4930 – 6,8299 US Dollar. The flat Moving average and the RSI is in the neutral range are signs of a balance between buyers and sellers.
buyers have the upper hand, if you can press the EOS/USD Pair on the upper-side resistor of 6,8299 US Dollar. Should, however, fall in the Support Zone of 3,8723-4,49 dollars, then the bears, however, are quick on the shift lever. Therefore, investors should set up their Long positions with a stop of 4.9 U.S. dollars.
XLM/USD
Stellar. the upper side resistance of 0,24987525 on 17 and 18. October break. On both days, the bulls could not hold the higher brands.
We remain the XLM/USD Pair continues to be well-disposed, since it can remain on the Sliding means, said pulling upwards. If the bulls can get the upper-side breaking resistance, and this close, the descending triangle is invalid, which is a bullish sign. Accordingly, our recommendation to buy the last rate analysis is also available today.
On the bottom of the crypto-currency support near the Slide. A slide below this would test the Zone between 0,204 and 0,2148 US Dollar again.
LTC/USD
Litecoin will continue to be traded under the Sliding means, which is a negative sign. A fall below 52 US dollars could trigger a case up to the bottom of the price range (49,466 US dollars). This would be for the 14. August is the fourth Time that one has reached the bottom of the range of 49,466 – 69,279 US Dollar.
If the bears manage to leave the margin down, then a fall on the Support of US $ 40 is likely.
The LTC/USD Pair shows a reversal of the trend, if above the margin can be closed. We think that investors should wait until this happens before they enter into Long positions.
ADA/USD
Cardano is gone, replaced by the 50-day SMA below (17. October). Probably can be found Support at the 0,069 US-Dollar brand, including a crash to the critical Support 0,060105 US Dollar is possible.day SMA on Oct. 17. It is likely to find some support at $0.069, below which it can drop to the critical support at $0.060105.
Both of the Moving average is flat and the RSI is moving towards the neutral area. This is followed by a Balance between sellers and buyers.
The ADA/USD Pair is gaining momentum, if it can be put on the top-side resistor of 0,094256 the US Dollar and the 0,111843 US Dollar. Currently, we can’t find any good purchasing options, which is why we never make any trade recommendation.
XMR/USD
After Monero was not able to come on the lubricant ends, she is again under the Support from 107.8 US dollars in favor. A fall on the Support of 100 US Dollar could follow, even including up to US $ 81.
Both Moving average are flat and the RSI is in the negative area. It is seen that takes place in the near future, a consolidation.
The XMR/USD Pair can climb on 128,65 US Dollar, if it comes on the lubricant. We wait for that new purchase to make options, to act before we recommend.
TRX/USD
TRON was able to stay the last four days above the 20-day EMA, which is a positive sign. A trend reversal is seen, if the bulls can get the upper-side resistor of 0,02815521 US Dollar break above this close.
investors can buy above $ 0.03, with a target of $ 0.41. The stop should initially be set to $ 0.02.
The TRX/USD Pair is weakening, if it drops to $ 0.02, and the lubricant falls. We see within the 0,0183 – 0,02815521 US Dollar margin not to trade in the constellations.
The market data are taken from HitBTC exchange market. The Charts provided by trading view.
