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The market data are taken from HitBTC exchange.
In the last days of the individual crypto embarked on currencies their own course, which you have set on the absolute leadership of Bitcoin (BTC).
Tron (TRX) and Binance Coin (BNB) are two of the most important crypto-currencies have risen, while Bitcoin is stuck in a narrow range. This shows that the dealers rely on the fact that Bitcoin is leading the market from his crushing bear phase.
Bitcoin is since a few weeks in a narrow range. Many are of the opinion that he’ll eventually crash, as it happened in mid-November of last year.
However, the positive Remarks by Robert J. Jackson, Jr., the only democratic Commissioner of the U.S. securities and exchange Commission (SEC), about the possibility of a stock market get traded Bitcoin Fund (ETF) by the regulatory authority, the green light, soothing the mood, for example.
Meanwhile, bitcoin Hash Rate rose to the highest level in three months, what could have prompted some bears to book profits. This in turn has led to a sharp increase in.
The majority of the growth of today’s Top performers were on 7. February gained. Let us find out whether the sudden jump has changed the Trend, or whether this is just a short-term bounce before further decline, which will fizzle out in a few days.
LTC/USD
The investors were excited about the news that the Litecoin (LTC) Foundations has established a partnership with the software development company, Beam, in order to explore a new Protocol by the name of „Mimblewimble“ to improve the privacy and scalability.
Litecoin jumped to 4th place by market capitalization, after it on 8. February was a strong increase. Got the crypto-currency curve and is on the way to the top, or is this just a one-time increase, which wears off quickly? Let us, on the basis of the Charts to find out.
with the strong rate, the LTC/USD rise in the Pair via the first resistor, the downward trend line climbing. It is currently at the 20-week EMA. In addition, the Few sales 47,246 US Dollar (41,739 Euro). A breakout above this will lift the Pair is likely to be on the 50-week SMA at US $ 82 (72,51 Euro).
If the bulls can hold above 47,246 US Dollar (41,739 Euro), this is a Signal that the markets have rejected the lower levels and the downtrend is over.
The digital currency could either consolidate, or your recovery expand. We wait until the price is about 47,246 US Dollar (41,739 Euro) and a new purchase of constellation is, before we recommend positions for long-term traders. Short-term traders could open Long positions.
it is Our optimistic assessment is void, if the bears defend the overhead resistance at 47,246, US Dollar (41,739 Euro). In such a case, a correction in the direction of the US $ 33 (29,18 EUR) is likely to be.
BNB/USD
After the successful sale of the BitTorrent-Token (BTT), which was sold out within a few minutes, Binance on 25. February the sale of the Token Fetch.AI (FET) announced.
The happy BTT-investors can currently make huge profits. Therefore, the interest on the next sale of the FET is likely to be Token. This is a sign of revival for the Initial Coin Offering (ICO) market? It is still too early to confirm this, but it is certainly a positive sign.
How could Binance Coin to react to these developments? We look at the Charts.
We had recommended in our previous analysis of a purchase at a closing (UTC) over the 20-week EMA. With the rise this week, the BNB/USD-Pair, however, close to the overhead resistance zone of between US $ 10 (8,84 EUR) and 12 USD (10,61 Euro). For the opening of Long positions at current levels the risk-reward ratio is not good enough.
Currently, the digital currency is in a rising channel. If the bear resistance line of the channel to defend, we can expect next week with a little break-in. Traders can use this decline to open Long positions with a target between $ 12 (10,61 Euro) and US $ 15 (13,26 Euro).
Our optimistic assessment is void if the bears make the crypto-currency under the channel and the support level at US $ 5.50 (4,86 Euro) to decrease. The Stop-Loss Limit for the trade can be set at 5 US dollars (4.42 euros).
EOS/USD
investors certain crypto prefer currencies and EOS is one of them. He is risen this week by about 17 percent and is among the Top performers on court 3.
Although it is difficult to determine the exact reason for the sharp rise, to some positive developments in the crypto currency. A new scaling solution called „liquid apps“ to make EOS a great change.
The EOS/USD Pair had been moving since 6 weeks in a narrow range. The cops try to reach a higher Low at around 2,1733 US Dollar (1,92 euros). Continue to the top of the Zone is likely to act between 3,2081 US Dollar (2,8341 Euro) and 3,8723 US Dollar (3,4209 Euro) as a rigid resistance. The 20-week EMA is also located in this area.
If the cops over this range to erupt, we expect a trend reversal. The Pair is expected to form a margin and gradually to 6,8299 US Dollar (6,0337 euros) to climb. The 50-week SMA is close to this level. Traders can still wait until the price is about 3,8723 US Dollar (3,4209 Euro), and then Long positions with a Stop-Loss Limit under 2,1733 US Dollar (1,92 euros).
of course Bends, however, from one of the Overhead resistors to the bottom, it stays in the range. The Pair Euro 2,1733 US Dollar (1,92 euros) weaker, and its downward trend under 1.55 U.S. dollars (1,37 ) again to continue.
DASH/USD
Dash has seen the sudden rise of the crypto courses is also very strong growth. This increase changes the Trend, or is this case just another Bull, in front of the investors in the Eight should take?
After the DASH/USD Pair with 56,214 US Dollar (49,661 Euro) had reached a low for the year, tried it on in the last four weeks, about 64 US dollars (56,60 Euro). In some Trials, the level of support downward, to break through, failed. We now expect that the cops will create a slight recovery.
If the bulls can hold above 74 U.S. dollars (65,44 Euro), an increase of 87 US-Dollar (76,93 EUR). In addition, the Pullback can extend up to the resistance zone between 103,261 US Dollar (91,224 euros) and 113 of the US Dollar (the level of 99,93€). The upper end is at the same time, the 20-week EMA. We assume that the Couple will win after the breakout above the 20-week EMA of momentum.
If the price does not break out, however, the overhead resistance, it could remain in the margin. He will continue to below 64 US dollars (56,60 Euro) weaker, and its downward trend under 56,214 US Dollar (49,661 Euro). Since the course is still very close to the lows and no reliable buying constellations, we remain in this Pair is still neutral.
XMR/USD
Riccardo Spagni, on Twitter as a fluffy pony is known, and at the same time the lead developer of Monero, as well as the CTO of Tari, has defended the fundamental right of the people to privacy for everyone. He said, however, that Monero (XMR) could be considered, if the Wallet owner wants. In addition, he advised to use the cryptocurrency as a currency and not as an investment instrument. What should be done by the dealer?
The XMR/USD Pair is in a narrow range near the year lows. The cops have tried to form a bottom to try a rally.
The critical level, you should continue to keep at the top of the eye, at 60,147, US Dollar (53,136 Euro). Below such a critical level is 38,50 dollars (34,05 Euro). A case under the margin continues the downward trend.
Should break out, the cops are still on the margin, is a rally on US $ 81 (71,63 EUR). The 20-week EMA could offer a low resistance, but we expect that he will overcome. However, the level of 81 US-Dollar (71,63 EUR) as a rigid resistance. If the crypto currency breaks out, can we expect a rally towards US $ 150 (€133).
The market data are taken from HitBTC exchange. The Charts for the analysis come from trading view.