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Since cryptographic markets around the world have undergone specific corrections, the start of 2019 seems more promising as most of the renowned altcoins and, of course, cryptocurrency – Bitcoin have gained value as they are traded over the # 20 EMA of 20 days. Let's not forget that the most important parameters are: RSI of 14 days, EMA of 20 days to warn you when it comes to creating the long position with any altcoin! Now let me guide you through the most famous twelve cryptocurrencies – mostly altcoins that have experienced a remarkable bird but have remained at the support level!
Price analysis of Bitcoin – BTC / USD
The first largest cryptocurrency – Bitcoin with a market capitalization of $ 63,563,664.552 (04:08 UTC) on January 17 recorded a decrease in current value of 43.6% compared to November 13, but rose 10.7% compared to as of December 16, as interpreted by the graph above. The main causes of the fall in value are obviously competitive pressure, bearish moments and macro factors all over the world. The "downward pressure" represents the fact that the way the current scenario has experienced a "downtrend" in terms of value. Although moving averages continue to fall, the 14-day RSI has marked a "positive divergence" since the end of last year. This is a bullish sign. Since both moving averages have a very low negative sign, with this, BTC / USD shows that bears have their hands at the top and the downtrend in value for some time. Traders should remain on the sideline until the next "recovery". Now let me guide you through a milestone that this cryptocurrency has achieved in the recent past. The BTC remained in a range between September 18 and October 14 last year, as the cryptocurrency recorded a rally from a minimum of $ 6,229 to a maximum of $ 7,752, with a yield of 24.4 % within 26 days. Based on the current trend, the next level of support could be $ 3660.
Price analysis of corrugations – XRP / USD
The second largest cryptocurrency – Ripple with its current market capitalization stands at $ 13,428,907.844 (4:08 UTC) on January 17 dropped in current value by 21.5% compared to the level of December 24, but has gained 39; 11.6% compared to December 15, as interpreted by the graph above. The main causes of the downward trend due to strong downward pressure and current macroeconomic factors. Both moving averages have significantly refused to represent a negative sign. The XRP / USD pair shows that the bears have their hands up until the next resumption of the value created. Traders who have long awaited investing in this asset should remain on the sidelines until the next uptrend. " Now let me guide you through a milestone that this cryptocurrency has achieved in the recent past. The XRP remained in a range between October 14 and November 6 last year, as the cryptocurrency recorded a rally from $ 0.408 to a maximum of $ 0.574, with a return of 40.6% by 23 days. Based on the current trend, the next support level could be $ 0.35.
Price analysis of Ethereum – ETH / USD
The third largest cryptocurrency – Ethereum with its market capitalization stands at $ 12,756,999.443 (04:08 UTC) on 17 January plunged in current value by 22.4% compared to the level of 6 January, but increased by 45 % compared to December 16th as interpreted by the graph above. The strong bearish pressure caused a decline in value. Although moving averages continue to fall, the 14-day RSI has formed "positive divergences" compared to last year. This means a confident sign. Since both moving averages have significantly lowered the value of a negative sign that shows the "downtrend" in value given that bears have their hands up until the next upside. ETH remained in a range between September 12 and September 20 last year, as the cryptocurrency recorded a rally from $ 184 to a maximum of $ 254, with a 38% return in eight days . Based on the current trend, the next level of support could be $ 125.
Cash price analysis in Bitcoin – BCH / USD
The fourth largest cryptocurrency – Bitcoin Cash with its market capitalization stands at $ 2,242,204.010 (04:08 UTC) on January 17 dropped in value today by 80% compared to November 16, but gained in value of 65 % compared to December 16th as interpreted by the graph above. The main causes of the fall in value are obviously competitive pressure, bearish moments and macro factors all over the world. Traders should stay on the sidelines for some time as the next uptrend is & # 39; will happen soon. Since both moving averages have a negative value that represents a negative sign and a "bearish" value. With this, the BCH / USD pair shows that bears have their hands at the top. In this context, the BCH / USD pair remained from October 29 to November 6 last year, as the cryptocurrency rallied from $ 415 to a maximum of $ 631, with a return of 52% within eight days. Based on the current trend, the next level of support could be $ 130.
EOS – EOS / USD price analysis
The fifth largest cryptocurrency – EOS with its market capitalization stands at $ 2,208,406.157 (04:08 UTC) on 17 January, which fell 17% from its January 2 figure, but rose 40% compared to 07 December as interpreted by the graph above. Let us not forget that the main causes of the decline in value due to the strong bearish pressure. As both moving averages have registered a negative sign significantly. With this, the EOS / USD pair means that the bears have their hands up until the next upward moment. Now let me guide you through a milestone that this cryptocurrency has achieved in the recent past. EOS remained in the range from September 8 to September 19 last year, as the cryptocurrency recorded a rally from $ 4.72 to a maximum of $ 6.19, with a return of 31% in 11 days. Based on the current trend, the next level of support could be $ 2.50.
Price analysis of the tether: USDT / USD
The sixth largest cryptocurrency – Tether with its market capitalization stands at $ 2,030,639.091 (04:08 UTC) on January 17 reduced by 2.52% compared to the level of 6 January, but increased by 0.46% compared to December 13, as interpreted by the graph above. In addition to strong bearish pressure, some macro factors have caused a decline in value. However, all those who have long awaited investing in this business could hope to invest in this until the next moment of rising prices, while both moving averages have significantly decreased a negative sign. The USD / USD shows that the bears have their hands up until the next upside. Now let me guide you through a milestone that this cryptocurrency has achieved in the recent past. The USDT remained in the range between December 17 and December 28 last year, as the cryptocurrency recorded a rally from a minimum of $ 1.03357 to a maximum of $ 1.0554, with a return of 2.11% in 11 days. Based on the current trend, the next level of support could be $ 1,02060.
Stellar price analysis – XLM / USD
The seventh largest cryptocurrency – Stellar with its current market capitalization at $ 2,028,259.161 (04:08 UTC) on January 17 recorded a decrease in current value of 57.6% compared to the level of 18 November, but increased by 10 , 45% compared to December 15, as interpreted by the graph above. Since most of the altcoin has been on an uptrend for some time in the recent past, this resource has followed the same in the last week. However, all community users and traders who have long been looking to invest in this currency should stay on the sideline until the next hike. As we have interpreted from the previous graph, since both moving averages had significantly decreased from mid-November last year until mid-December last year, the asset has been on an upward trend for some time and moment is stagnant. Now let me guide you through a milestone that this cryptocurrency has achieved in the recent past. The XLM remained in range from October 31 to November 11 last year, as the cryptocurrency rose from a minimum of $ 0.2238 to a maximum of $ 0.28077, with a return of 25.4% in eleven days. Based on the current trend, the next support level could be $ 0.110.
Litecoin price analysis – LTC / USD
The eighth largest cryptocurrency – Litecoin with its current market capitalization stands at $ 1,878,746,510 (04:08 UTC) on January 17 dropped in current value by 23.16% compared to the level of October 23, but rose 31% compared to November 20, as interpreted in the graph above. The strong bearish pressure caused a decline in value. Both moving averages have fallen like a stone that can be interpreted by the graph above. With this, the current "downward trend", as interpreted by the 20-day EMA from the chart above, suggests that bears have their hands up until the next "uptrend". Now let me guide you through a milestone that this cryptocurrency has achieved in the recent past. The LTC remained in a range between October 12 and October 22 last year, as the cryptocurrency recorded a rally from $ 35.84 to a maximum of $ 55.95, a yield of 56% within ten days. Based on the current trend, the next level of support could be $ 32.
Price analysis of Tron – TRX / USD
The ninth largest cryptocurrency – Tron with its current market capitalization stands at 1.639.756.874 (04:08 UTC) on January 17 dropped in value today by 14.9% compared to the level of 9 January, but has soared to 16, 9% compared to January 13, interpreted by the graph above. The 20-day EMA indicates an "upward" value as the current price is traded above the EMA. Since the 20-day EMA has been trading below the current value, it indicates the uptrend and will continue to the extent that the current price continues to be traded above the EMA. The 14-day RSI has experienced "overbought" at the start of the year, and it seems that the new year comes with the gift for Tron. Traders and all community users who have long awaited investing in this asset, the current gained in value indicate the upward trend. Now let me guide you through a milestone that this cryptocurrency has achieved in the recent past. The TRX remained in range from December 27th to January 9th last year, as the cryptocurrency recovered from a minimum of $ 0.0185 to a maximum of $ 0.0299, which is a 61%, a extraordinary return within twelve days. Based on the current trend, the next support level could be $ 0.026.
Price Analysis SV Bitcoin – BSV / USD
The tenth largest cryptocurrency – Bitcoin SV with its current market capitalization stands at $ 1,360,897,301 (04:08 UTC) on January 17, which fell 31% from its December 20 figure, but is up 12, 3% compared to December 14 as interpreted by the graph above. The main causes of the fall in value are obviously competitive pressure, bearish moments and macro factors all over the world. Since both moving averages showed a negative sign significantly and the current value was trading below the 20-day EMA showing a significant downtrend, the BSV / USD pair indicates that bears they have the upper hand and will remain until the next "uptrend" takes place. Traders should stay on the sideline until the time of the bullish price does not mean. Now let me guide you through a milestone that this cryptocurrency has achieved in the recent past. The BSV was carried over from November 23rd to December 7th last year, as the cryptocurrency gathered from a minimum of $ 42 to a maximum of $ 113, which is 169% – an extraordinary return within fourteen days. Based on the current trend, the next level of support could be $ 78.
Price analysis of Cardano – ADA / USD
The eleventh largest cryptocurrency – Bitcoin SV with its current market capitalization stands at $ 1,171,747.884 (04:08 UTC) on January 17 dropped in current value by 91% compared to the January 09 level, but has gained value 67.9% compared to December 15, as interpreted in the graph above. The current "upward trend" elaborates the bullish model under which all those who have long awaited investing or trading with this resource can create the long position in it. Since the 20-day EMA has been trading below the current value, it indicates the uptrend and will continue to the extent that the current price continues to be traded above the EMA. In addition, the ADA / USD pair remained between October 14 and November 5 last year, as the cryptocurrency recorded a rally from $ 0.0687 to a maximum of $ 0.0817, with a return of 18, 9% in 22 days. Based on the current trend, the next support level could be $ 0.047.
IOTA price analysis – MIOTA / USD
The twelfth largest cryptocurrency – IOTA with its market capitalization stands at $ 819,746,222 (4:08 UTC) on 17 January suffered a decrease in current value of 27% compared to the level of 02 January, but gained in 36% value compared to December 14 as interpreted in the graph above. The strong bearish pressure caused a decline in value. However, at the beginning of the year, MIOTA remained "on the upside" for some time. Although moving averages continue to fall, the 14-day RSI has formed a "positive divergence" for the last year indicating a bullish signal. Since both moving averages have significantly decreased since mid-November last year, they represent a downward trend. The MIOTA / USD shows that bears have their hands up until the next "uptrend". Now let me guide you through a milestone that this cryptocurrency has achieved in the recent past. The MIOTA / USD pair remained between 9 September and 21 September last year, as the cryptocurrency rallied from $ 0.535 to a maximum of $ 0.634, with a return of 18.5% within 12 days. Based on the current trend, the next level of support could be $ 0.31.
