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Bitcoin [BTC] Price analysis:
A look at the daily chart for Bitcoin shows that the price is currently trading at the $ 4100 level.
The price is trying to make a reverse head and shoulder model with a neckline at $ 4440, coinciding with the fib level of 0.382 of the entire $ 6400 fall.
Furthermore, this model has similarities with the previous head and shoulders turned upside down in June-August 2018.
If the price repeats the same movement, we should have a price increase of up to $ 5200 (the 0.618 fib level) before an inversion occurs.
A look at the indicators shows that there was a significant upside divergence in the RSI prior to the initial move up to $ 4400, prior to the formation of the right shoulder.
In addition, Chaikin Oscillator is trying to overcome 0, a positive sign.
The MACD has just become positive, but it is losing energy. As for the moving averages, the price has moved beyond the 8 and 21 seasons, which have made a bullish cross.
The price is facing the resistance of the Ichimoku cloud and the control period of 50/200.
Although my market outlook is still on the downside, I believe that this recent upward move has not yet ended and that we should soon test the $ 4800-5200 area.
Ethereum [ETH] Price analysis:
A look at the daily chart of Ethereum shows that the price is trading at $ 150.
We can see that there was a significant upward divergence in the RSI and the MACD during the December lows, after which there was an inversion of almost 100% from 80 to 160.
The price has started to develop bearish divergences both in the RSI and in the MACD; however, the amount is rather small compared to what preceded the price increase.
Regarding the moving averages, the price has moved beyond the 7 and 21 letters MA, which in turn have made a bullish cross.
Moreover, the price is at a critical point trying to get out of the cloud and face the resistance of the MA of 50 periods.
The next resistance area is in the $ 170-190 area and the next area in the $ 250 area, coinciding with the MA of 200 periods.
The nearest support area is at the $ 120 level, followed by the recent $ 80 minimum.
XRP price analysis:
A look at the daily chart shows that XRP moves inside a symmetrical triangle and trades at the level of $ 0.37.
The RSI is close to 50, indicating neither overbought nor oversold conditions. The Chaikin Oscillator is close to exceeding 0, a positive sign.
The MACD is stuck between doing a bullish / bearish cross, with almost 0 volume.
Regarding the moving averages, the 7 and 21 MA are undecided whether to make or reject a bullish cross and the price is facing resistance from the Ichimoku Cloud and the period of 200 MA.
While the XRP had a near-200% increase in October, the market seems to be warm at this point, and I expect it to move within the confines of the symmetrical triangle at least in January.
Stellar lumens [XLM] Price analysis:
A look at the daily chart for Stellar shows that the price is currently trading at the $ 0.12 level, which is located in the $ 11-13 support area.
The RSI is at 50, indicating neither overbought nor oversold conditions in the market.
The MACD proceeds slowly but is not yet positive. As for the moving averages, the price has gone beyond the 7-period moving average, which is trying to make a bullish cross.
However, the price is facing the resistance of the moving averages of the 21.50 and 200 and the Ichimoku cloud.
The next significant resistance area is at $ 0.18 which coincides with the edge of the Ichimoku cloud.
The market has not yet shown its hand and it is unclear whether the bulls or the bears are in power. However, the price does not undergo any significant resistance up to the $ 0.18 level.
litecoin [LTC] Price analysis:
A look at the Daily Chart for Litecoin shows that the price is currently trading at the $ 38 level.
The price seems to move in a growing wedge (bearish model) and try to get out of the Ichimoku cloud.
The next significant resistance area is at the $ 50 level, coinciding with the end of the wedge pattern at the end of January.
The beginning of the wedge coincided with a long period of significant bullish divergence in the RSI, preceding the whole move to the top.
At this time the MACD is developing a bearish divergence, but to a small extent compared to the previous bullish divergence in the RSI.
As for moving averages, the price has passed over 7 and 21 MA letters which are making a bullish cross.
However, the price is facing resistance from the MA of 50 periods and from the edge of the cloud.
In my opinion, the price continues to move within the boundaries of the growing wedge, before collapsing and testing the $ 30 support level again.
Cardano [ADA] Price analysis:
A look at the daily chart for ADA shows that the price is currently trading at the $ 0.48 level and within the Ichimoku cloud boundaries.
The upward move was preceded by a significant bullish divergence in the RSI. Currently, RSI is developing a bearish divergence, but it is a small amount compared to the previous bullish divergence.
Moreover, the MACD seems to lose power, making lower peaks with the price increase.
Regarding the moving averages, the price has moved beyond the 7 and 21 letters MA that have made a bullish cross.
However, the price is facing resistance from the MA of the 50-200 period and the Ichimoku cloud.
If it breaks, the next resistance area will be at the $ 65 level, formed by the support. Support levels are $ 35 and $ 30.
EOS price analysis:
A look at the weekly chart for EOS shows that the price is currently trading at the $ 2.8 level, within a small resistance area.
The next resistance area is at the level of $ 4.2-4.4, coinciding with the 7-period moving average. The RSI is less than 40, almost to indicate oversold conditions.
The MACD has almost done a bullish cross, and the Chaikin Oscillator is going to pass 0, both positive signs.
Regarding the moving averages, the price is facing the resistance of moving averages of the period 7 and 21 and the cloud of Ichimoku.
IOTA price analysis:
A look at the daily chart for IOTA shows that the price is currently trading at the $ 0.37 level.
The RSI is developing bearish divergences, but not to a very significant extent.
The MACD is close to making a bearish cross and has completely lost its power.
The price has gone past the moving averages 7 and 21, which have made a bullish cross. In addition, the price fell from the Ichimoku cloud.
However, the price is facing resistance from both MAs in the period of 50 and 200. The next significant resistance area is at the level of $ 0.45-0.48, while the support area is $ 0. , 30.
Tron [TRX] Price analysis:
A look at Tron's daily chart shows that the price is currently trading at $ 0.023.
The price is currently in the resistance area at $ 0.025 formed by the previous highs. The area coincides with the 200 period moving average.
Moreover, the price has developed a significant bearish divergence in the RSI and the MACD is losing power.
The price has gone beyond the moving averages of the period 7, 21 and 50 which have made a bullish cross. Furthermore, the price has gone beyond the Ichimoku Cloud.
If the current resistance stops, the next resistance area is at the level of $ 0.32-0.33 formed by the previous lows, while the nearest support area is at the $ 0.16 level.
Dogecoin [DOGE] Price analysis:
A look at the weekly chart for Dogecoin shows that the price is currently trading at $ 0.0023, within the support area formed by previous lows.
This support area has lasted over a year.
If it breaks, the next support area is $ 0.001.
The RSI is at 40, which indicates neither overbought nor oversold conditions. The MACD is slowly increasing, trying to make a bullish cross.
The first resistance area is at the level of $ 0.0034-0.0035.
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