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BTC / USD
BTC / USD is trading at $ 3.532 in the fix. The $ 3,800 area has become an obstacle to corrective growth. For the past trading day, the price did not pass this mark. The potential of current corrective growth has not yet been exhausted. The upper limit for the current correction of $ 3,900 has not been tested. Therefore, continuous growth can still take place. In any case, the current upward wave should only be considered as a rebound after the previous decline. After some stabilization at current levels, a move to $ 3,000 seems very likely. The amplitude of the waves is too small to talk about the formation of a pivot point. Therefore, it is likely that we will see the test of the level of $ 3000, this year or 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, can serve as a basis for changing the entire market movement in the future.
As part of the December 11 forecast, we can expect the continuation of the corrective movement in the range of $ 3,915 – $ 3,270. The signal area is very narrow and ranges from $ 3,590 to $ 3,570. This is a dynamic area of the "balance" of the price of the asset for the following day. The price will tend to return to this value after passing or lowering this level. For now, it is lower and it is likely that the price will be re-tested before continuing to decline to the region of $ 3,250 – $ 3,000.
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 $ 5,500- $ 5,000.
ETH / USD
ETH / USD is trading at $ 91.51 in the fix. As previously hypothesized, the $ 100.00 level proved to be a tough coin resistance. Having formed a false break, the price has gone down. The upper limit $ 104.50 for the current fix has not been reached. Therefore, the potential for the continuation of the upward correction has not yet been exhausted, and we can see continued growth. The currency came to life a bit during the past trading day. However, the current situation should only be considered as a rebound with consolidation. It is still too early to talk about a change in a global trend. The likelihood of further decline is still high.
As part of the forecast for 11, we can expect the continuation of the corrective movement in the range of $ 103.50 – $ 86.50. The signal area is very narrow and ranges from $ 95.15 to $ 93.90. This is a dynamic area of the "balance" of the price of the asset for the following day. The price will tend to return to this value after moving it higher or lower. For now, it's lower and it's likely that the price will re-test and then continue to fall to $ 86.50 – $ 77.76.
An alternative would be the development of a complete correction towards the top. For starters, the price will have to exceed $ 116.00 and go to 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
XRP / USD is trading at $ 0.30495 in a correction. The movement of the currency recently repeats the dynamics of the market. But in the medium term, the price retains its growth potential. However, the general factors of the market continue to discourage buyers. The price remains at historically important levels. Yesterday we wrote their perspectives in detail. Therefore, at present the current currency remains very interesting for observations and investment ideas.
As part of the December 11 forecast, we can expect the continuation of the corrective movement in the range of $ 0.34350 – $ 0.28700. The signal area is at levels of $ 0.31600 – $ 0.31200. This is a dynamic area of the "balance" of the price of the asset for the following day. The price will tend to return to this value after moving it higher or lower. For now, it is lower and it is likely that the price will try again, and then continue to decline towards the region of $ 0.28700 – $ 0.26650.
An alternative would be the development of a complete correction towards the top. For starters, the price will have to exceed $ 0.38500 and go to the first goal of $ 0.43000. After fixing at these levels, we can expect growth in the region of $ 0.5 million – $ 0.45000.
XMR / USD
XMR / USD is trading at $ 45.167 in a correction. During the last trading day, the currency repeated the lowest levels of the entire fall. The upper limit for the current correction of $ 52,000 has not been reached. Therefore, if the current local correction continues, there is potential for price growth. It is also worth noting that, judging by the nature of the price movement, updating the current lows will take place in the near future. Then, perhaps, the market will take a breath and we will see corrective growth towards a more or less acceptable area of $ 52,000 – $ 55,000.
As part of the December 11 forecast, we can expect the continuation of the corrective movement in the range of $ 52,100 – $ 43,500. The signal area is at $ 47,900 – $ 47,100. This is a dynamic area of the "balance" of the price of the asset for the following day. The price will tend to return to this value after moving it higher or lower. For now, it is lower, it is likely that the price will put it to the test again and then continue to decline towards the region of $ 43,300 – $ 39,500.
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 fixing at these levels, we can expect growth in the region of $ 86,000 – $ 78,000.
