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Market data is provided by the HitBTC exchange.
Panic has taken hold in the cryptocurrency markets as investors abandon their positions at every opportunity, fearing even greater losses. Usually, such sales follies end up with background training. The current sentiment in cryptographic space is exactly the opposite of what it was in December 2017.
At the height of prices, the belief was that digital currencies did not collapse and even if they did, they would abruptly recover . So, the only logical thing to do was buy them at the prevailing price or lose the boat. The experts in the crypto industry have also fueled expectations with their bizarre objectives.
Fast forward to today. Most of the newbie traders who dreamed of great riches in the crypt are instead left with huge losses. A return to historic highs is a goal that has almost been forgotten.
Many do not even believe that the criptos can stage a discreet withdrawal. At this point, crypto-critics are entering to add more fear by predicting a deeper fall, or worse, a complete collapse of digital currencies.
We were not in agreement with the prevailing sentiment of merchants in December of last year, but we were proven correct. Now we believe it is time to move in the opposite direction to that of most traders.
Can we be proved wrong? This is definitely a possibility. Therefore, whenever we recommend a long position, we also suggest a stop loss to protect the capital. We do not sit down and dwell on it every time our analysis is denied. As traders, we look at the charts, form a new opinion and do the next exchange when we find a reliable configuration.
So, what do we see today in the rankings?
BTC / USD
Bitcoin plunged under the $ 5,910.65 mark on August 14th, but only with a small margin. He found support for $ 5,900.06. Repeated attempts by the bears to break the $ 5,900 level have failed. This shows that lower levels attract buyers, which is a bullish sign.
Currently, the bulls are attempting a pullback that is likely to endure in the area of $ 6527.77 – $ 6617.5 After this area was crossed, the bears could try to defend the downtrend line and the average movement, but we believe that the risk / return ratio favors the entry back into long positions
Why do we keep trying to buy when everyone else is bearish?
Bears have tried four times to break the $ 6,000 line since February of this year, but they have not succeeded so far. The price keeps bouncing on this support. This shows that buyers are accumulating around $ 6,000. .
Once the bulls come out of the downtrend line of the downward triangle and the 50-day SMA, it is likely to attract a short coverage from the bears, which can push prices to $ 8,500 and above.
Therefore, we suggest entering long positions if the BTC / USD pair is over $ 6.650 for four hours. The stop loss can be kept just under $ 5,900. Please use 50 percent of the usual allocation sizes for this trade. We add the remaining positions once the pair climbs above the 50-day SMA.
The risk / reward ratio is attractive, so we suggest buying the rebound from the $ 6,000 level. If our hypothesis is wrong, the stops will be hit and the positions will be closed with a business loss.
ETH / USD
After outperforming the market in recent months, Ethereum has been hit hard by the last few days. The sale intensified after the chart fell below the critical $ 400 support on August 7th.
On August 14th, the ETH / USD fell below the key support of $ 280 and fell to an intraday low of $ 249.93.
Currently, the bulls are organizing an intelligent recovery, which faces a stiff resistance to the 20-day EMA and $ 358. On the downside, if the bears break the $ 249.93 line, the cryptocurrency may go down to the next support at $ 200. Even if the RSI is oversold, we will have to wait until the sale ends before attempting a purchase.
XRP / USD
Ripple has been a huge underperformer among the major cryptocurrencies as it has lost more than 90% of its value from its intraday of $ 3,317, reached on January 4 of this year  We have projected a target of $ 0.24001 on the XRP / USD pair in the last days and on August 14 has reached an intraday minimum of $ 0.24508.
The RSI is oversold, which indicates a probable withdrawal.The first bullish resistance will be the 20-day EMA
We suggest traders to wait for prices to stabilize and turn to the top before attempting a purchase.
BCH / USD
Bitcoin Cash could not escape to the sale pressure of August 13 and broke under the support of $ 537.8221 for the first time since November 8 last year. August 4, the intraday fall extended to $ 473.9060.
currently facing a resistance of $ 537.8221. The previous strong support will now act as resistance. If the BCH / USD pair breaks below $ 473.9060, it may reject the next support at $ 400.  On the other hand, if the bulls quickly push prices above $ 538, it will be an indication that the markets have rejected the lower levels and a return to the 20-day EMA is likely.We will have to wait for a new purchase configuration
EOS / USD
EOS found support near the critical line at $ 3,88723 on August 13th, when it dropped to an intraday low of $ 4,1778. The next support below $ 3,88723 is $ 3. 
The EOS / USD pair proved so strong that the bulls were not able to to leave the 50-month SMA from 10 June. Therefore, if the price supports above the 50-day SMA for three days, it will indicate a change in trend.
The RSI is deeply oversold, which increases the likelihood of a pullback. The 20-day EMA will offer a stiff resistance on any rebound from current levels.
We will wait for a new purchase configuration to be formulated before suggesting a long position.
XLM / USD
Also in this carnage, Stellar maintained critical support at $ 0.184. This is a positive sign, which shows a question at these levels.
The XLM / USD pair has been traded within the range of $ 0.184 – $ 0.25 since August 5. A break out of this range pushes prices towards the downtrend line to $ 0.32.
Therefore, we recommend a long position on the pair if the bulls sustain above $ 0.25 for four hours. The stop loss for trade can be kept around the mark of $ 0.18.
As the sentiment is bearish, we suggest starting the position only with about 50 percent of the ordinary allocation. Our bullish panorama will be void if bears break below $ 0.18
LTC / USD
We anticipated bulls to defend the support zone $ 48 – $ 52 and that's what happened. "On August 14, Litecoin recorded an intraday fall of $ 49,466, which emerged purchases
The LTC / USD has been in the oversold since 7 August, but the tori have not been able to force a significant return. This shows the sale supported by the bears.
Currently, the bulls are attempting a withdrawal, which will face 20-day resistance at EMA. We will wait for buyers to return and a fund to formulate before proposing a trade on the pair.
ADA / USD
Cardano broke below the support of $ 0.111843 on August 13th and plunged to an intraday low of $ 0.083192, which is just above the expected $ 0 support level, 078,215.
The Inability of the bulls to defend lines from $ 0.13 and $ 0.111843 shows that sellers have an advantage: negative dynamics will show signs of decline if the bulls survive above the downtrend line 2.
The ADA / USD will indicate a trend change if it exceeds $ 0.13. We could suggest a long position when it is above $ 0.15
XMR / USD
The incessant sale has dragged Monero to an intraday minimum of $ 76,074 on August 14, which is just below our planned support zone of $ 78- $ 82. If bears claim less than $ 76, the next s upport is much lower at $ 60.
The XMR / USD is in a clear downward trend. We will wait for this to change before recommending long positions on it
IOTA / USD
We expected the bulls to defend the psychological level of $ 0.5, but the sale dragged IOTA to an intraday minimum of $ 0, 4037, close to our bottom target of $ 0.38. If the $ 0.38 level breaks down, the fall can extend to $ 0.3350.
The pair IOTA / USD it is down but the RSI has entered deep into the oversold territory: both moving averages are downhill and the 20-day EMA will act as a stiff resistance on any pullback.
We do not suggest buying the first pullback from the lows: it is better to wait for the pair to confirm a fund before risking a purchase.
Market data is provided by the HitBTC exchange, analysis is provided by TradingView.