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The market data are taken from HitBTC exchange.
During the year 2017 currencies in a fast-paced bull market for Crypto, proved to be in 2018 as a massive bear market, the rubbed-out over 720 billion US dollars (629,1 billion Euro) of total market capitalization. We believe that the year 2019 will bring the focus on the basics and the true potential of virtual currencies and back.
with the entrance of traditional investors behavior in the digital currencies temporarily similar to the traditional markets. The Wall Street Journal has recently noted that the correlation between the Bitcoin-reaching trade and Gold short-term up to a value of 0.84. Similarly, the trade had a correlation of 0.77 to the volatility index (VIX) of the Chicago stock exchange CBO.
When the market Matures, it will create its own niche. We believe that crypto-currencies currently reach the valley floor and within the next few weeks, a soil could indicate.
ETH/USD
After Ethereum (ETH) delivered a few weeks ago his Position as one of the Top Altcoins in Ripple (XRP), the company is trying to make a Comeback. Last week there was great progress and he established himself as a Top-Performer among the major crypto currencies.
Arthur Hayes, CEO of BitMEX, is convinced that the dead ICO the market come next year again and for Ethereum as a positive will be. He expects that the crypto currency will rise to US $ 200 (€175). Some people hope that the network obtained by the imminent Upgrade by the name of Constantinople a boost. However, it is always difficult, the market reaction on such a great event to predict.
The long-term Trend in Ethereum is on the decline. He has cost investors this year, a lot of money. You can start the ETH/USD Pair in the year 2019, however, a new upward trend?
After each increase and after each drop tends to be the digital currency to consolidate in a range. We have highlighted these phases with ellipses in our Chart. In the year 2018 will have dissolved all the Margins down.
Currently, the bulls are trying to a Pullback, after a Low of 83 US dollars (73 Euro) was achieved. The support line of the previous range is now acting as a rigid resistance. Therefore, we assume that there will be approximately 167,32 US Dollar (146,20€) sales. If the bears manage to defend this level, there may be a trade within a range.
If the cops climbing on the other hand, the mark of 167,32 US Dollar (146,20€), is a rally in the direction of 249,93 US Dollar (218,39 Euro). Traders can wait for a close above 167,32 US Dollar (146,20) to Long positions with a close-fitting Stop-opening Loss to.
Our neutral-to-bullish view void if the price falls, and below 83 US dollars (73 euros). We can confirm the beginning of a long-term upward trend, if the Pair makes a great base pattern and breaks out. Until then, traders should set small goals and regular profits book.
ETC/USD
Ethereum Classic (ETC) proved to be the second-best Performer among the Top Cryptocurrencies. The market participants are optimistic with regard to the upcoming cohort, the for the 14. January is planned. 11 Start-ups were selected, and get access to shared office space, developer support and funding. Can the bull keep running? Let us find out.
The long-term Trend in the ETC/USD Pair is decreasing. Currently, the bulls are trying to break out above the down trend line has been stopped since may this year, all recovery attempts.
A breakout above the downtrend line would be the first indication that the decline momentum. This can lead to a rally up to the next overhead resistance of 9.50 U.S. dollars (€8.30). We expect a strong defense of this level by the bears.
fall back If the bulls manage to break out, can the crypto-currency back to the recent Low of US $ 3.30 (2.88 euros). A case under this support can continue the downward trend again.
After the long downward trend, we expect that the virtual currency will enter into a phase of consolidation, before breaking out and a new uptrend starts. Long-term investors can wait before the Opening of positions to a reverse constellation. Short-term traders, however, can also open up after the breakout and close above the downward trend line of the Long positions.
We present also The crypto-currency* STRAT/USD.
Stratis is in terms of market capitalisation currently on the space 40. Recently, the first Turing-complete Smart Contracts were for On-Chain-execution .NET Code and the first side chain called Cirrus for the Stratis-main chain released. These provide the business and Blockchain developers the perfect platform to develop bespoke blockchains for specific applications.
In the last few months there have been a number of announcements on the part of the Stratis group. They entered into a partnership with MediConnect, the company specializes in Blockchain solutions for the pharmaceutical industry.
it was the Software a few months ago also a certified independent dealer (ISV) of Microsoft, which was a big step forward. It is so positive news as a basis a good time to buy crypto currency? Let’s look at the time.
The STRAT/USD Pair has been hit by the ongoing bear market. The rates fell from the peak of 24,39960825 US Dollar (21,3237 Euro) from the beginning of January of this year, in mid-December to a Low of 0,53353976 US Dollar (0,4663 Euro), which corresponds to a loss of 97,81%.
a Positive, however, is that it has pulled in the recent Pullback.
From its low of 0,53353976 US Dollar (0,4663 Euro) 14. December it rallied to a High of 1,84123616 US Dollar (1,6091 Euro) on 24. December. The corresponds to a rally of 245 per cent in 10 days. Currently, the bulls are trying to stop the Pullback to the 20-day EMA.
If that succeeds, try the crypto currency once again, to climb in the direction of the overhead resistance at 1,91493444 US Dollar (1,6735 Euro). If this level is exceeded, it can extend the recovery up to 2,14656768 US Dollar (1,8760 Euro). We assume that there will be a new uptrend, if the bulls can keep price above this level.
the dealer can wait until the course of 20-day-jumps EMA back up and over to 1.46 US-Dollar (1.28 euros) rises to open Long positions with a Stop Loss at just under 1.15 to the US Dollar (€1.00). Partial profits can be at 1.84 US dollars (1.61 euros) booked and the stops at the remaining positions may be higher.
If the bears, however, Stratis under the moving averages are falling, he loses momentum and can correct 0,81338679 US Dollar (0,7108 Euro). Including a new Test of the lowest level is likely to be.
NEO/USD
NEO on 19. February, the second DevCon-issue announced. The NEO-founder Since Hongfei from the current bear market put you off. He believes that the price of the crypto-currency is only a part of the Whole, since this is primarily determined by the mood. Hongfei continue to focus on the project and the Ecosystem and described the current Phase as „ContiNEO – We keep on going,“ said Forbes.
The NEO/USD Pair is in a strong downward trend. From a peak of 200,59839784 US Dollar (175,3099 Euro) in mid-January of this year, he fell in the middle of December to a Low of 5,480 dollars (4,789 Euro). Currently, the bulls trying to get out of the oversold area.
is A recovery on a rigid resistance at 13,60337627 US Dollar (11,8885 Euro). Previously, this level had acts for about three months as a strong support, so that it will now act as strong resistance.
If the bulls do not overcome the overhead resistance, we expect a consolidation phase, which will last a few days. The downward trend continues, if the bears make the crypto-currency under 5,4808 US Dollar (4,7899 Euro) to decrease. Traders should wait for a reversal of the trend before you open new Long positions.
IOTA/USD
IOTA has tried to be back in the Top 10 crypto currencies by market capitalisation climbing, and he succeeded. Last week, he was the fourth-best Performer. How it looks now in the Charts?
The IOTA/USD Pair is trying to form a base pattern. Currently, there are sales on the resistance at 0,4037 US Dollar (0,3528 Euro), which has previously been a support. The bears should be able to defend this level continue, we expect to see for a couple of weeks of consolidation between 0,2051 US Dollar (0,1792 Euro) and 0,4037 US Dollar (0,3528 Euro).
When the cops break out, however, 0,4037 US Dollar (0,3528 Euro), that suggest that the markets have rejected the lower levels. In such a case, a decrease to 0,8152 US Dollar (0,7124 Euro) is likely to be.
Aggressive traders can try for a closing price of about 0,4037 US Dollar (0,3528 Euro), to open Long positions. Long-term investors can wait before making a purchase on a new upward trend.
BNB/USD
In a letter with the Heading „Binance year press view to 2018“ has been drawn by the Binance, CEO of Changpeng Zhao, a positive image of the crypto industry. He has also outlined various plans for the Binance stock exchange and the own crypto-currency. What do the Charts say? Let us find out.
BNB/USD Pair had a relatively above-average Performer. It held for four weeks successfully to the support at 4,5200621 US Dollar (3,9502 Euro), and the bulls started a Pullback attempt.
In the last two weeks the cops have been able to keep the course on 5,4666 US Dollar (4,7775 Euro), which is a positive sign. This shows that the markets have rejected the lower levels. The digital currency is likely to climb up to the resistance line of the descending channel in the vicinity of 8.25 to the US Dollar (7,21 euros). Short-term traders could try this upward movement to take.
The long-term investors should wait until the price breaks out of the channel before attempting a trade. Our optimistic Outlook is void if the bears manage to push the rate below 4,1723848 US Dollar (3,6464 Euro).
The market data are taken from HitBTC exchange. The Charts for the analysis come from trading view.
*disclaimer: Stratis presented crypto-currency is one of the sponsors of Cointelegraph. The fact that this was listed here, had no influence on this rate analysis.