Analysis and forecasts of cryptocurrency prices – December 14, 2018

BTC / USD

BTC / USD is trading at $ 3,477 in the fix. The technical framework continues to remain unchanged. The background of the news is not auspicious. So, AriseBank was fined $ 2.3 million due to fraud charges while raising funds during ICO. Moreover, due to the unfavorable situation in the cryptocurrency market, the mining giant Bitmain is closing its unit in Israel. These are additional factors that will help ensure that cryptocurrencies will continue to decline in the short term.

As part of the forecasts for December 14, we can expect the continuation of the corrective movement in the range of $ 3,822 – $ 3,190. The signal area is now very narrow, so mark it with a price level of $ 3,500. This is a dynamic area of ​​the "balance" of the price of assets for the following day. Since the currency is now traded along this level, the price can push it both up and down. This push is unlikely to be strong and will be limited to the previously defined limits.

An alternative would be to stop the trading range on both sides. In the event of an upward allocation of $ 3,822 and consolidation of over $ 3,900, we can count on developing a full upward correction. Should the lower limit of $ 3,190 break, we can expect upgrades to the current lows and a departure to the $ 3,000 level.

ETH / USD

ETH / USD is trading at $ 91.97 in the correction. After the developers of Ethereum confirmed the information on the hardfork of Constantinople, a nervous tremor spread throughout the community waiting for the gallows. Many fear the emergence of great controversy. In the extreme case, it can divide the network. The only thing that has delighted many people is the reward for the miners. It should be reduced from 3 ETH to 2 ETH. Such nervousness in anticipation of Constantinople does not help to stabilize the course of money. Therefore, it continues to be very vulnerable.

As part of the forecast for December 14, we can expect the continuation of the corrective movement in the range of $ 100.20 – $ 83.65. The technical image is completely identical to Bitcoin. The signal area is now very narrow, so mark it with the price level of $ 91.70. This is a dynamic area of ​​the "balance" of the price of assets for the following day. Since the currency is now traded along this level, the price can push it both up and down. This push is unlikely to be strong and will be limited to the previously defined limits.

An alternative would be to stop the trading range on both sides. In the event of a break in the upside of $ 100.20 and consolidation above $ 106.00, we can count on developing a full upward correction. In the case of breaking the lower limit of $ 83.65, we can expect to update the current lows and start at the $ 77.76 level.

XRP / USD

XRP / USD is trading at $ 0.31020 in the correction. On the other day, Ripple appeared again in a Bloomberg article about Swift. Despite the fact that Ripple was only slightly mentioned in the article, many have begun to discuss the prospects of their "collaboration" again. We have decided to share our opinion on this. It is time to stop grasping the subject of any collaboration and collaboration for the members of the currency. Ripple representatives over the past two months have repeatedly expressed that Ripple and Swift will not cooperate. Ripple aims to destroy Swift. At the same time, since R3 has been implemented in Corda Settler XRP, this perspective is becoming more and more real. And even if there is no official partnership between R3 and Ripple, they have completely resolved their differences and SBI unites them. The source code of Corda Settler has references to Ripple. The odds that they are so stupid that they do not distinguish between XRP and Ripple and use both at different points in the code tend to zero. Therefore, since now Corda Settler only makes XRP-XRP payments without Fiat, it is quite possible that in the future all this will work on the Ripple protocol for the use of XRP as a bridge currency.

As part of the forecasts for December 14, we can expect the continuation of the corrective movement in the range of $ 0.33850 – $ 0.28260. The technical image is identical to previous coins. The signal area is now very narrow, so mark it with the price level of $ 0.31030. This is a dynamic area of ​​the "balance" of the price of assets for the following day. Since the currency is now traded along this level, the price can push it both up and down. This push is unlikely to be strong and will be limited to the previously defined limits.

An alternative would be to stop the trading range on both sides. In the event of a rising breakout of $ 0.33850 and consolidation above $ 0.34800, we can count on developing a full upward correction. In the case of the breakdown of the lower limit of $ 0.28260, we can expect to update the current lows and start at the $ 0.26650 level.

XMR / USD

XMR / USD was trading at $ 43,030 in the fix. The coin is again near the autumn lows and is clearly set to renew them again. Previously, while the rest of the market was negotiated in the apartment, Monero had already made an unsure attempt to continue the bearish trend and fairly insignificant, but has updated its lows. This is happening now. The price shows a bearish mood, even if the rest of the market has almost stopped for the last day of trading. Given the characteristics of this asset, we can expect the end of the current year to be met by market participants along with a new wave of decline.

In the forecasts for December 14, we can expect attempts to reach new lows. The signal area is at $ 48.550 – $ 44.550. This is a dynamic area of ​​the "balance" of the price of assets 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 put it to the test again, and then continue to fall in the region of $ 44,500 – $ 39,500.

An alternative would be the development of an upward correction. For starters, the price will have to exceed $ 54,000 and reach the first goal of $ 60,000. After fixing at these levels, we can expect growth in the region of $ 78,000 – $ 72,000.