Another day on the thin red line

• A market on the edge of collapse leaves room for opportunities.
• The XRP / USD can once again visit the lows of the year.
• The odds of a rebound fade as the days go by.

The Crypto Market is playing at the limit. That's how it starts this Friday, and it looks like it will end this week. The scenario is quite simple. The Crypto market is moving around the annual low after ten months of a bear market. Pessimism covers everything, and recurring titles say we are still far from seeing a fund.

On the opposite side, in the daily and weekly charts, the indicators are set to go up. Go up a lot. However, the lack of fresh money limits this possibility. It seems that nobody pays attention to these signals when prices are at limit levels that lower the costs of the stops. If at any point in the chart it's logical to buy, it's here.

It is not a question of permabull or permabear; it is a matter of trade and operation at relatively low prices, close stops and indicators indicating an upward movement.

The risk / benefit ratio is desirable if the stops are well managed. It can cost a reasonable 10% effort against profit potential.

Do you want to know more about my technical configuration?

BTC / USD daily logarithmic chart

BTC / USD is currently trading at $ 3,275.3 price level after setting a new annual minimum a $ 3,192.75. The low point reached coincides with the long-term uptrend line on the logarithmic map.

It is a critical situation. Losing the support of this trend line would be a disaster that could end with the disappearance of the vast majority of projects. It can happen, of course, can. A closure below $ 3,000 and we will have before us a "crypto-glaciation".

Below the current price, levels are very tight. The first level of support is a $ 3,250 (support for price congestion). The second level of support is at the annual minimum of $ 3.192 (annual minimum and long-term trend line). The third level of support is a $ 2,890 (support for price congestion) although it is likely that al $ 3,000 price level is still a bit of support.

Above the current price, the key objectives that can certify a change in trend are far away. The first level of resistance is a $ 3.930 (resistance to price congestion). The second level of resistance is a $ 4,400 (resistance to price congestion) while the third level of resistance is a $ 4,632 (EMA50).

The potential for losses is just under 10%. The profit potential easily exceeds 45%.

The MACD in the daily segment continues by pointing upwards. It is very unusual to see a chart at the annual lows and at the same time this indicator has collapsed to the top. The structure is divergent with the price, which reinforces the upside potential.

The DMI in the daily range shows us how the bulls increase activity in this new downward trend, while the bears decrease slightly. I want to emphasize that in the monthly interval both sides of the market are bound. This situation can add tension to the moment and increase the violence of the break when it occurs, whatever the direction.

Daily log chart XRP / USD

XRP / USD is currently trading at $ 0.298 Price level. It continues to move in the long-term bearish channel, developing a structure similar to an inverted S-H-S. The XRP / USD pair is currently trading at $ 0.298 Price level. To complete this technical figure the price could slip towards the lowest annual level a $ 0.25.

Under the current price, the first level of support is $ 0.27 (support for price congestion). The second level of support is $ 0.258 (support for price congestion). The third support level is marked by the bottom line of the bear in channel $ 0.25 (base of bearish bay and annual minimum).

Above the current price, the first level of resistance is $ 0.32 (resistance to price congestion). During the week there were three attempts to overcome this resistance, and all three failed. The second level of resistance is $ 0.345 (resistance to price congestion). The third level of resistance is a $ 0.367 (resistance to price congestion).

The MACD in the daily interval shows how fast the average is going through the slow one. The structure is in favor of a downward rejection at the first attempt to move upwards. This scenario coincides with the above and would bring the XRP / USD pair to a new low.

The DMI in the daily range shows the bulls a little more active in the last days, but without much conviction. On the other hand, the bears retreat a little, but retain the high level of downward strength already reached in mid-November.

ETH / USD daily logarithmic chart

ETH / USD is currently trading at $ 85.77 price level, while respecting the annual minimum marked at the beginning of this week.

Under the current price, the first level of support is a $ 81 (support for price congestion). The second level of support is a $ 69.5 (support for price congestion). The third level of support is a $ 53 (support for price congestion). If the ETH / USD pair reaches the second or third support level, it will break the bearish channel base from highs and the structure will worsen a lot in the future.

Above the current price, the first resistance level is a $ 95 (resistance to price congestion). The second level of resistance is a $ 125 (resistance to price congestion). The third level of resistance is a $ 141 (EMA50).

The MACD in the daily interval shows us that the lines are crossed to the top. Even the slope is bullish, a very rare situation when we talk about a resource at the annual lows.

The DMI in the daily range shows us how the bulls reacted upwards at the new price levels. On the other hand, bears continue to believe in seeing new lows and keeping bets.

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