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The Martkdaten were provided by HitBTC exchange market.
Even if the crypto-markets, a majority of their profits from the 15. October have re-issued, trade stands, still well above the recent low, which is a positive sign. A short-circuit reaction to a news event can drive the markets only to a certain level, whereupon the gain the upper hand fundamentals. The next stage of the upward trends will be based on strong fundamental news.
The crypto markets are waiting for institutional investors to lift you to the next level. Mike Novogratz, CEO and founder of Galaxy Investment Partners, believes that larger companies occur in the first or second quarters of next year in the markets and new highs could bring.
The introduction of Fidelity Digital Asset Services by the leading US investment firm Fidelity, is a step in the right direction and provides institutional actors with a „safe, compliant and institutionally-quality bus-storage solution for Bitcoin, [Ethereum] and other digital Assets“.
the Larger players, however, will test the water before jumping into the water, which can take some time. Is it worth it to buy until then, and to keep, or the risk of a further crash? Shows one of the leading crypto is a reliable purchase-Setup currencies? Let’s find out.
BTC/USD
After the Spurt at 15. October has been consolidated in Bitcoin, just below the overhead resistance at 6.831,99 $. In the ideal case, the price would have to the cancellation of a decline in the pattern, recover, what is going to happen.
Now, if the cops don’t manage to scale the Resistances quickly, this is the sale by the bears encourage. A drop below the moving averages is likely to lead to a Test of the critical support zone of 6.075,04 $ 5.900$.
Although the BTC/USD Pair has broken out above the downward line of the descending triangle, it has gained momentum. The moving averages remain flat, showing a balance between bears and bulls.
The balance will tilt in favour of the bulls, if the virtual currency on 6.831,99 $. The observed Upward 7.400 $ 8.400 $. Traders holding Long positions can keep your Stop Loss at 5,900 $.
The next few days are critical and will give an insight into the next direction for the digital currency.
ETH/USD
Although Ethereum on a consolidated basis, have pressed the bear in the direction of the lower half of the trading range downwards. The price moves below the moving averages and the RSI is in the negative range.
If the cops are the sliding averages within the next few days break through, it could test the ETH/USD Pair to the support at 192,50 $ again, which is a decrease on the 12. September-would want to make use of 167,32 $ probably.
In contrast, would indicate a rally to above the overhead resistance strength and is likely to bring the digital currency to the next resistance at 322,57 $. Therefore, traders to a closing price (in UTC time frame) should wait about 249,93$, before you open up again Long positions.
XRP/USD
Among all the Top 10 crypto-currencies, Ripple is the only one on your Intraday High of 15. October is increased. Ripple is also above the moving averages, which is a positive sign.
The XRP/USD Pair is the best way to move up to 0,50$, where some resistance could come across. Above this level, a recovery to 0.55 and $ 0,625 $ is likely to be.
If the digital currency $ 0.50 spins down, it could drop to the 50-day SMA, which should serve as support. Both moving averages are flat and the RSI is close to the center. This suggests a short term consolidation.
BCH/USD
Bitcoin, Cash is still within the symmetrical triangle, which has so far prevented an outbreak or a crash.
The BCH/USD Pair is below the moving average and the 20-days EMA is turning down. The RSI is also negative, which shows that the bears have the upper hand.
A break of the triangle to the bottom would activate the downward trend, with a slight support at the Low of the 11. September 408,0182 $. The digital currency should show strength, when you break out of the triangle. Traders can keep the Stop Loss for existing Long positions at 400$.
EOS/USD
EOS is currently trading close to the midpoint of the range of 6,8299 to 4,4930 $. Both moving averages have flattened and the RSI is also in the neutral range. This shows that none of the two parties has the upper hand.
A new upward trend should be used in case of an outbreak and close above the overhead resistance of 6,8299$. If that happens, could rise to the EOS/USD Pair at $9 and higher.
On the other hand, if the bears push the price below the support line of $5, a decrease to the lower values of $4,49 and $3,8723 possible. Therefore, a Trader should protect your Long positions with a Stop Loss of 4.90$.
XLM/USD
Stellar has been trading above the moving averages, which is a bullish sign. Currently, Stellar tried to get out of the downward trend, and the overhead resistance at 0,24987525 $ break out.
If this succeeds, it will cancel the downward descending triangle pattern, and to 0.36 $ recover, wherein a low resistance at probably $ 0.30 USD is expected. Traders can open a Long Position on the XLM/USD Pair, it should close above $0,27 (UTC time frame).
On the other hand, the digital currency support at the moving averages and below the Zone of 0,204 $-0,2148 $. If this Zone is broken, a re-Test the critical support at $0,184 in sight.
LTC/USD
After the increase at the 15. October is like Litecoin in the lower half of the Range. Both moving averages have flattened and the RSI is in the negative range.
if the LTC/USDPair of for a few days among the moving averages are acting, might try the bears again, the trading range to break. Any break of the level of 47 $ is likely to resume the downward trend and the prices to the next support at 40 $ press.
The digital currency is likely to form a reversal pattern, if the bulls break out on 69,279 $ and the course there. We do not see any Trades, as long as the price is within the range.
ADA/USD
Cardano climbing effort above the moving averages. Currently, it is between the 20-day EMA and $0,073531.
Both moving averages are flattened and the RSI is near the 50 mark, which reflects a neutral market sentiment. The bears should be the course among the all-time low of 15. October press could test the ADA/USD Pair to the Level of 0,060105 $ again.
The digital currency should show signs of strength, if it breaks out in 0,094256 $ about the overhead resistance. We recommend traders to keep up to the formation of a new buy Setups on the side line.
XMR/USD
Monero has both moving averages. Currently, the digital currency is trying to keep on top of 107,80$. It falls below this threshold, it is likely to slip back to the level of $ 100.
the Failure of the cops, the prices are above the moving hold is cut Through, is a sign of weakness. If the bears push the price below $100, a re-Test of $81 probably.
The XMR/USD Pair will win over 128,65$. Currently, we do not find any Buy Setups, therefore, we also propose no trade.
TRX/USD
After the TRON on 15. October could not hold out above the overhead resistance, it slipped currently back in the trading range. The cops are trying to the course on the moving by sections, under which the digital currency to the lower end of the range could fall.
We can’t find any Buy Setups, as long as the TRX/USD-remains within the range of $0,02815521-$0,0183. The next step begins either at a breakout of the range upwards or if the price slips below.
There were two Intraday breakouts of the trading range, which could not but keep. Therefore, traders should to a closing price (in UTC time frame) above the bandwidth wait, before you respond again Long positions.
The market data are taken from HitBTC exchange market. The Charts provided by trading view.