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BTC / USD
BTC / USD is trading at $ 3,695 and is growing corrective. The last wave of a decline on Friday caused the closing of the short positions of market participants. On the eve of the holidays, many traders expected to decide to withdraw their profits. Therefore, over the weekend, we have witnessed the development of an upward correction. Since this growth is not connected to the arrival of bulls on the market, it is not worth waiting for growth to start from it. The nearest support level is around $ 3,000. By the end of the year, another corrective build will probably form. It is possible that it is wider than the previous ones. Now there are no prerequisites for an inversion of the market trend. Therefore, it is likely that we will see the test of the level of $ 3000, if not this year, then the next. This is a historically significant level. Therefore, the price is likely to meet psychological support. This factor, together with the upcoming positive events of the first quarter of 2019, could in the future serve as a basis for changing the entire market movement.
As part of the December 10 forecast, we can expect a corrective sideways movement of $ 3,275 to $ 3,920. The signal area is very narrow $ 3,600 – $ 3,565. This is a dynamic area of the "balance" of the price of the asset for the following day. Starting from it higher or lower, the price will tend to return to this value. So, as it is now, it is higher, it is likely that the price will repeat it again and then continue the correction in the region of $ 4,000 – $ 4,090.
An alternative would be the development of a complete correction towards the top. For starters, the price will have to exceed $ 4,200 and reach the first goal of $ 4,500. After fixing at these levels, we can expect growth in the region of $ 5,000 – $ 5,500.
ETH / USD
ETH / USD is trading at $ 98.55 and is growing corrective. Correct short positions after another wave of sales occurred here. Last Friday we saw a 17% increase. This is slightly more than the previous currency. The wave originally restored the huge losses that the currency suffered on Friday. The intensity of this jump was very unstable and short, due to the strength of the current bear market. The news on the next hard fork probably gave further impetus to the corrective growth. The developers of Ethereum have reported that Constantinople's hard fork will be published approximately January 16, 2019. Furthermore, Péter Szilágyi confirmed the planned update on his Twitter account.
As part of the forecast for December 10, we can expect a corrective sideways movement between $ 87.40 and $ 104.70. The signal area is at $ 94.80 – $ 96.35. This is a dynamic area of the "balance" of the price of the asset for the following day. Starting from it higher or lower, the price will tend to return to this value. So, as it is now, it is higher, it is likely that the price will repeat it again and then continue the correction in the region of $ 104.70 – $ 106.60. It is also worth noting that the $ 100.00 level, most likely, will be a tough coin resistance. Therefore, the first level failures will certainly be false.
An alternative would be the development of a complete correction towards the top. For starters, the price will have to exceed $ 116.00 and reach the first goal of $ 130.00. After fixing at these levels, we can expect growth in the region of $ 150.00 – $ 155.00.
XRP / USD
The XRP / USD is trading at $ 0.32249 and is growing corrective. Over the past weekend, the currency has also formed a correction towards the top. The most important here are the levels at which, due to Friday's fall, the price is now. The last time the currency fell to such low levels was September 11th. Then it consolidated for several days in the area from $ 0.25000 to $ 0.30000 and rose sharply. Throughout its history, the currency began a bullish rally from the current levels twice. From December 12, 2017 to January 4, 2018, the first major bullish event was observed. For all the time of its development, the price has risen around 1200% from $ 0.2 million to $ 3.25 thousand. More recently, on 18 September 2018, the second event took place. The price rose from $ 0.26650 to 190% and reached a maximum of $ 0.7925, after which the profit-taking began. If we also take into account the extent of the fall in prices in November, it would not be surprising to see the start of the third rally compared to current levels. But for this, it is necessary that the bulls return to the market.
As part of the forecast for December 10th, we can expect a lateral or positive corrective movement in the $ 0.29000- $ 0.34750 range. The signal area is at $ 0.31550 – $ 0.32030. This is a dynamic area of the "balance" of the price of the asset for the following day. Starting from it higher or lower, the price will tend to return to this value. So, as it is now, it is higher, it is likely that the price will repeat it again and then continue the correction in the region of $ 0.34500 – $ 0.35600.
An alternative would be the development of a complete correction towards the top. For starters, the price will have to exceed $ 0.38500 and reach the first goal of $ 0.43000. After setting at these levels, we can expect growth in the region of $ 0.45000 – $ 0.5 million.
XMR / USD
XMR / USD is trading at $ 48,640 and is growing corrective. Over the past weekend, the currency has rechecked a new low and abruptly rose. At the moment, the price has set a new high correction. This is a positive sign. Perhaps the market has a real possibility of a full upward correction, due to the mass fixation of profits after short-lived protracted positions. The technical need for such a correction is obvious. Maybe if it were not for the end of the year closed, we would have seen it before. But market participants have maintained and constantly increased short positions up to the last. If the sales of the current year are over, the market will go sideways until the end of December. The trading activity will decrease. However, there are no signs of an inversion of the downward trend. Therefore, we expect a correctional growth and the formation of clear boundaries for the next plate.
As part of the December 10 forecast, we can expect a corrective sideways or upward movement between $ 44,000 and $ 52,820. The signal area is at $ 47,800 – $ 48,700. This is a dynamic area of the "balance" of the price of the asset for the following day. Starting from it higher or lower, the price will tend to return to this value. So, as it is now, it is higher, it is likely that the price will repeat it again, and then the correction will continue in the area of $ 39,500 – $ 44,000.
An alternative would be the development of a complete correction towards the top. For starters, the price will have to exceed $ 62,500 and reach the first goal of $ 72,000. After setting at these levels, we can expect growth in the area of $ 78,000- $ 86,000.
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