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Price analysis of Bitcoin – BTC / USD
The first largest cryptocurrency- It is believed that the Bitcoin has gained momentum reaching the uptrend with the market capitalization to $ 73,648,545,226, at 03:30 UTC of December 24 decreased in current value by 34.43% compared to the level of 07 November but up from 30.6% compared to December 16, as interpreted by the graph above. Let us not forget that the main causes of the drop in present value compared to November 2007 were, of course, competitive pressure, bearish moments and macro factors all over the world. The "downward channel" represents the fact that the way in which the current scenario has undergone a "downward trend" in value. Since the 20-day EMA has been trading below the current value, it indicates the uptrend and will continue to the extent that the current price continues to be traded above the EMA. The current value has "upward trend" in the market. Both moving averages continue to fall above the "uptrend" in current value, the 14-day RSI has formed a "positive divergence" in recent days. This is a bullish sign. Now let me guide you through a milestone that this cryptocurrency has achieved in the recent past. The BTC / USD pair remained between 9 September and 15 October this year, as the cryptocurrency recorded a rally from $ 6182 to a maximum of $ 7790, with a 26% return in 36 days. Based on the current trend, the next level of support could be $ 4290.
Price analysis of corrugations – XRP / USD
The second largest cryptocurrency – It is believed that Ripple has gained value by creating "uptrend trends" as interpreted by the graph above. The current market capitalization is $ 15,868,685.009, at 03:30 UTC on December 24 there was a decrease in current value of 23.2% compared to the level of 18 November, however it increased by 37.5% compared to December 15, as interpreted by the graph above. The "downward channel" represents the "downtrend" in the current value reaching its previous high level. Since the 20-day EMA was trading below the current value, it means that the bullish trend has been observed and could continue to the extent that the current price continues to be traded above the EMA. The XRP / USD has remained in the range from 12 October to 6 November this year, as the cryptocurrency rallied from $ 0.381 to a maximum of $ 0.569, which is 49%, an extraordinary return within 25 days. Based on the current trend, the next level of support could be $ 0.45.
Price analysis of Ethereum – ETH / USD
The third largest cryptocurrency – Ethereum with its market capitalization stands at $ 15,533,900,124, 03:30 UTC of December 24 reduced by the current value of 29.5% compared to the level of 6 November, but has achieved a dramatic change reaching a high level of 80.6% compared to December 16, as interpreted by the graph above. The main causes of the decline in value compared to November 2006 were due to the strong downward pressure. However, the 20-day EMA traded below the current value indicates the uptrend and will continue to the extent that the current price continues to be traded above the EMA. Let's not forget that even if the moving averages continue to fall further to create an "uptrend" in value, the 14-day RSI has constituted a "positive divergence" in recent days. This is a bullish sign. In addition to this, you might expect to be early in the "overbought" zone. Now let's talk about the ETH / USD pair, where it stayed between September 12th and September 21st of this year, since the cryptocurrency has gathered from a minimum of $ 183 to a maximum of $ 253, which represents a return 38% within nine days. Based on the current trend, the next level of support could be $ 153.
Bitcoin cash price analysis: BCH / USD
The fourth largest cryptocurrency – Bitcoin Cash which is traded with its current market capitalization $ 3.603.062.652, 03:30 UTC on December 24th decreased its current value by 67% compared to the level of 06 November, but increased by 162 % compared to December 15 as interpreted by the above graph as explained in the graph above, the "Triangle representing the highly volatile scenario" in the recent past. However, at the moment, it is believed that the currency offered an excellent return as the 20-day EMA was trading below its current value, which is a good sign as the uptrend has finally come. We are talking about the BCH / USD pair, where it has been between 17 September and 26 September this year, as the cryptocurrency has gathered from a minimum of $ 419 to a maximum of $ 583, which represents a return 39% within nine days. Based on the current trend, the next level of support could be $ 215.
EOS – EOS / USD price analysis
The fifth largest cryptocurrency – EOS with its market capitalization stood at $ 2,704,018,882, 03:30 UTC of December 24 dropped in current value by 47% compared to the level of 6 November, but finally the bullish trends were reflected in the market where it increased by 74% compared to December 7, as interpreted by the graph above. The "downward channel" elaborates more on the price mechanism on how this currency has reached its all-time high and then has experienced a downward trend. However, the current "upward trend" in value in which the 20-day EMA is trading below the current value, indicates the uptrend and will continue to the extent that the current price continues to be traded above the EMA. Both moving averages continue to fall further than the current "upward trend" in value, and the 14-day RSI has formed a "positive divergence" in recent days. This is a bullish sign. EOS remained from October 11 to October 15 of this year, as the cryptocurrency recorded a rally from $ 5.06 to a maximum of $ 6.07, with a yield of 19.9% in four days. Based on the current trend, the next level of support could be $ 3.15.
Stellar price analysis – XLM / USD
Stellar – the sixth largest cryptocurrency of the market capitalization which stands at $ 2,544,126.731, 03:30 UTC on December 24th has fallen in value by 51% compared to the November 11 level, but has recorded a gain in value 40% compared to December 16, as interpreted in the graph above. The strong bearish pressure is believed to have influenced the value from its November 11 level. The 20-day EMA has been trading below the current value and it processes the bullish trend that could continue to the extent that the current price continues to be traded above the EMA. Now let me guide you through a milestone that this cryptocurrency has achieved in the recent past. The XLM remained in range from October 30th to November 11th this year, as the cryptocurrency recorded a rally from $ 0.2250 to a maximum of $ 0.2788, with a return of the 23.9% within 12 days. Based on the current trend, the next support level could be $ 0.145.
Litecoin price analysis – LTC / USD
Litecoin is considered the seventh largest cryptocurrency by market capitalization which stands at $ 2,127,988,559, 03:30 UTC on December 24, falling in value today by 36.8% compared to the level of 06 November, but on the day of today it started to gain 59% value compared to December 13, as interpreted by the graph above. Those who have long awaited buying this currency, this is the right time to buy and exchange this asset as it is now in the "bullish" territory. Since the 20-day EMA has been trading below the current value, it indicates the uptrend and will continue to the extent that the current price continues to be traded above the EMA. The LTC / USD pair remained between September 12th and September 27th of this year, as the cryptocurrency rose from a minimum of $ 51.59 to a maximum of $ 65.59, with a yield 27% within 15 days. Based on the current trend, the next level of support could be $ 38.
Price Analysis SV Bitcoin – BSV / USD
The eighth largest cryptocurrency – Bitcoin SV with its market capitalization stands at the level of $ 1,927,025,342, 03:30 UTC of December 24 reduced by the current value of 17.85% compared to the level of 17 November, but it is increased dramatically by 64% compared to December 15, as interpreted by the graph above. The current "upward trend" in value indicates that the long position can be created to the extent that the current value is traded above the 20-day EMA. The BSV / USD pair remained between December 16 and December 20 of this year, as the cryptocurrency rose from $ 69 to a maximum of $ 126, which is equal to 82.6 %, an extraordinary return in four days. Based on the current trend, the next level of support could be $ 115.
Price analysis of the tether: USDT / USD
Tether, the ninth major cryptocurrency of the market capitalization which stands at $ 1,894,964.501, at 03:30 UTC on December 24th rose 4.46% from December 5, as interpreted in the chart above. Since both the moving averages including the 20-day EMA are trading below the current value, they represent the profitable scenario when the upward trend has occurred and could continue for some time. The correction seems to have happened and this has been beneficial for most of all asset classes. We are talking about the USDT / USD, where it has been between December 14th and December 24th of this year, as the cryptocurrency has recovered from a minimum of $ 1.016 to a maximum of $ 1.0505, which it is a yield of 3.39% in ten days. Based on the current trend, the next support level could be $ 1,040.
Price analysis of Tron – TRX / USD
The tenth largest cryptocurrency – Tron is presumably the best altcoin today as the territory of "overbought", as represented by the 14 day RSI, indicates the uptrend. Tron with its current market capitalization stands at $ 1,466,345.854, 03:30 UTC on December 24th, decreased in current value by 8.4% compared to the level of 6 November, but has soared by 76% compared to 16 December as interpreted by the graph above. In this context, "boat" trends represent the fact that assets have been significantly increased since mid-November. Since both moving averages including the 20-day EMA are trading below the current value, they indicate the uptrend and will continue to the extent that the current price continues to be traded above the EMA. Now let me guide you through a milestone that this cryptocurrency has achieved in the recent past. The TRX remained in a range between September 27th and October 15th of this year, as the cryptocurrency recorded a rally from $ 0.021 to a maximum of $ 0.0281, or a 33.8 percent, a extraordinary return within 18 days. Based on the current trend, the next support level could be $ 0.025.
Price analysis of Cardano – ADA / USD
Cardano – the eleventh largest cryptocurrency with its market capitalization stands at $ 1,208,960.240, 03:30 UTC of December 24, has cut the current value by 36% compared to the level of November 12, however it is believed to have increased of 81% compared to December 15, interpreted by the graph above. The "downward channel" represents the fact that the way in which the current scenario has undergone a "downward trend" in value. With this, both moving averages are trading below current value, which is a good sign as the upward trend has been created and could continue. As both moving averages continue to fall above the "bullish value" of the value, the 14-day RSI constituted a "positive divergence" in the last days. This is a bullish sign. The ADA has been carried over from October 12th to November 5th of this year, as the cryptocurrency recorded a rally from $ 0.069 to a maximum of $ 0.0822, with a return of 19% within 24 days . Based on the current trend, the next support level could be $ 0.050.
IOTA price analysis – MIOTA / USD
The IOTA, the twelfth largest cryptocurrency with its market capitalization stands at $ 1,053,909.837, 03:30 UTC of December 24 dropped in value today by 57% compared to the level of 12 November, but rose dramatically by 80% compared to December 14, as interpreted by the graph above. The fall in value due to the strong downward pressure that has already been tested. However, at present, the 20-day EMA has been trading below the current value representing the bullish sign, and will continue to the extent that the current price continues to be traded above the EMA. Now let me guide you through a milestone that this cryptocurrency has achieved in the recent past. The MIOTA / USD pair has remained between August 16th and August 27th of this year, as the cryptocurrency has gathered from a minimum of $ 0.44 to a maximum of $ 0.79, which is equal to 79.5% – an extraordinary return within 11 days. Based on the current trend, the next support level could be $ 0.040.
