Analysis and forecasts of cryptocurrency prices – 8 December 2018

BTC / USD

BTC / USD is trading at $ 3,315 and continues to decline. During the last trading day, sales were observed in almost all liquid instruments. The quotes of most coins once again have updated the lows. Now the capitalization rate is at the $ 108B level, which is the minimum value since August 2017. Bitcoin almost without resistance has exceeded the $ 3,600 level. The minimum from September 2017 has been updated again. Now the nearest support is around $ 3,000. Over the weekend, the next corrective build will probably form. There are no prerequisites for an inversion of the market trend. Therefore, we are likely to see the $ 3,000 level test. This is historically significant. The price is likely to meet psychological support.

As part of the forecast for December 8, we can expect a corrective sideways or upward movement. The signal area is at $ 3,690 – $ 3,575. 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. As the price is now lower, it is likely that it will test the area again, and then continue to decline in the $ 3,250 – $ 3,000 area.

An alternative would be the development of an upward correction. For a start, the price will have to exceed $ 4,200 and reach the first goal of $ 4,500. After setting at these levels, we can expect growth in the $ 5,500- $ 5,000 area.

ETH / USD

ETH / USD is trading at $ 95.76 and is corrected after another wave of decline. During the last trading day, the price of the currency exceeded all support levels and reached the target of $ 83.70. The currency was again among the leaders of the decline. The currency shows such sad statistics for over a year. Therefore, there is a high probability of further price reductions. The following goals for the autumn are $ 77.76, $ 66.00 and $ 53.00.

As part of the forecast for December 8, we can expect a corrective sideways or upward movement. The signal area is at $ 100.40 – $ 96.10. 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. As it is now in this area, a small break is possible before the prices continue to fall to the $ 83.70 – $ 77.76 zone.

An alternative would be the development of an upward correction. 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 $ 0.31379 and is corrected after another wave of decline. On the last trading day the sales were observed against the background of the negative dynamics of the entire market. Recently, any individuality in the nature of the money movement is not noticed. Ripple will probably be able to reveal its potential only after the general market trend changes. The nearest strong support area is $ 0.26700 – $ 0.24700. These levels are relatively far from the current values. Therefore, under the pressure of the general market sentiment on the prices of this currency, in the near future, will continue to follow the general dynamics.

As part of the forecast for December 8, we can expect a corrective sideways or upward movement. The reporting area is at $ 0.33400 – $ 0.32360. 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. As now, the rate is lower, the price is likely to verify it and then continue to fall to $ 0.29300 – $ 0.26650.

An alternative would be the development of an upward correction. For a start, 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 $ 46.855 and is corrected after another wave of decline. The currency has once again proved to be an insider of the entire market, having fallen a few hours before all the others. At the moment we see a good correction towards the top. Market participants are likely to set their positions before the weekend and next holidays. If the last wave of the fall was the last of this year, Monero will most likely answer before all other activities. If sales are over, the market will go sideways until the end of the year. The boundaries for him are now more than worthy. However, there are no signs of an inversion of the downward trend. Therefore, it is probable that the current minima are not the last ones.

As part of the forecast for December 8, we can expect a corrective sideways or upward movement. The reporting area is at $ 50,900 – $ 48,900. 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 lower, it is likely that the price will put it to the test again and then continue to decline in the region of $ 43,000 – $ 39,500.

An alternative would be the development of an upward correction. 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.