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Price analysis of Bitcoin – BTC / USD
The 1st largest cryptocurrency – Bitcoin with its market capitalization amounted to $ 56.844,396.373, 03:58 UTC of December 17 suffered a decrease in current value of 49.8% compared to the level of 06 November, as analyzed by the chart over it. The main cause of the decline in value is the strong downward pressure that makes it the lowest minimum of the day before exhaustion. As both the moving averages have registered a significant drop, a negative sign. The "downward channel" represents the fact that the way in which the current scenario has undergone a "downward trend" in value. While both EMAs show that bears have their hands high, the BTC remains in a bearish trend in its medium-term perspective until the next "uptrend". There are no bullish schemes that suggest a purchase; therefore, it is better to stay on the edge. The 20-day EMA is falling shows that the balance is inclined in favor of the sellers. The BTC remained in the range between September 9th and October 14th of this year, as the cryptocurrency recorded a rally from $ 6181 to a maximum of $ 7795, with a return of 26% within 45 days. Although moving averages continue to fall, the 14-day RSI is forming a "positive divergence" in recent days. This is a bullish sign. However, if the bulls are able to rise and sustain above the current resistance level of $ 3360 and create an "uptrend" (ie trading above the EMA), investors will start to buy this currency more and more by increasing its value. The current trend, the next level of support could be $ 3362.
Price analysis of corrugations – XRP / USD
The 2nd largest cryptocurrency – Ripple with its current market capitalization stands at the level of $ 11,793,529.892, 03:58 UTC of December 17 is plunged in current value of 48.25% compared to the level of 06 November analyzed by the chart above . Since both moving averages have significant declines, it means a negative sign. The "downward channel" represents the fact that the way in which the current scenario has undergone a "downward trend" in value. While both EMAs show that bears have the upper hand, XRP remains in a bearish trend in its medium-term perspective until the next "uptrend". Since no bullish model that suggests a purchase, therefore, it is better to stay on the sidelines. The 20-day EMA is pending indicates that the balance is inclined in favor of the sellers. The XRP remained in a range between October 12th and November 5th of this year, as the cryptocurrency recorded a rally from $ 0.3787 to a maximum of $ 0.57, which is equal at 50.5%, an extraordinary return within 24 days. If the bulls are able to rise and sustain above the current resistance level of $ 0.2970 and create a "bullish value" (ie traded above the EMA), investors will begin to buy this currency is increasingly increasing its value. However, based on the current trend, the next support level could be $ 0.3000.
Price analysis of Ethereum – ETH / USD
The third largest cryptocurrency – Ethereum with its market capitalization stands at the level of $ 8,902,190,439, 03:58 UTC of December 17 decreased by the current value of 61.3% compared to the level of 06 November as analyzed in the graph above. The main factors caused by the fall in value are obviously the competitive pressure, the bearish moments and the macro factors of the whole world that make it the lowest minimum of the day before the exhaustion. As both the moving averages recorded a very negative decline, cartel. With this, the 14-day RSI has reached oversold levels, which suggests that the sale has been exaggerated and a pullback is likely. While both EMA and RSI in oversold territory show that bears have their hands up while ETH remains in a bearish trend in its medium-term perspective until the next "uptrend". Traders should expect the trend to rebound and a fund to form before starting any long position in it. The 20-day EMA is down, and the RSI is in the oversold territory, which shows that the balance is tilted to sellers. ETH remained in the range between September 12 and September 21 of this year, as the cryptocurrency recorded a rally from $ 181 to a maximum of $ 254, with a yield of 40.33% within nine days. If the bulls are able to rise and sustain above the current resistance level of $ 88.35 and create an "upside" value (ie traded above the EMA), investors will earn value of their investments and will buy more. However, based on the current trend, the next level of support could be $ 90.
Price analysis of the tether: USDT / USD
The fourth largest cryptocurrency (which ranked 5th on December 13th) – Tether with its market cap stood at $ 1,867.005,835, 03:58 UTC on December 17 fell a decline in the current value of the 0.67% compared to the level of 08 December analyzed by the graph above. Who believes in the history of blockchain and cryptocurrencies, the current fall offers an excellent opportunity to invest in the long term. Now let me guide you through a milestone that this cryptocurrency has achieved in the recent past. The USDT remained in range from November 25th to December 7th of this year, as the cryptocurrency recorded a $ 0.999 rally to a maximum of $ 1.0867, with a return of 8, 77% in 12 days. If the bulls are able to rise and sustain above the current resistance level of $ 1,024, investors will begin to buy this currency more and more and increase its value. However, based on the current trend, the next support level could be $ 1.03.
Stellar price analysis – XLM / USD
The fifth largest cryptocurrency (which ranked 4th on December 13th) – Stellar with the market capitalization at $ 1,853,282,169, 03:58 UTC on December 17th extended the current value drop of 64.99% compared to November 11 level as analyzed by the graph above. The strong bearish pressure seems to have diminished in present value. While both moving averages have significantly a negative downward sign, the "downward channel" represents the fact that the way the current scenario has undergone a "downward trend" in value. The 14-day RSI has reached oversold levels, which suggests that the sale was excessive and that a withdrawal is likely. While both EMA and RSI in oversold territory show that bears have the best hands while the XLM remains in a bearish trend in its medium-term perspective until the next "uptrend". The XLM remained in a range between September 11th and September 23rd of this year, as the cryptocurrency recorded a rally from $ 0.191 to a maximum of $ 0.3045, which is 59%: an extraordinary return within 12 days. If the bulls are able to rise and sustain above the current resistance level of $ 0.0992 and create an "upside" value (ie traded above the EMA), investors will begin to buy this currency more and more thus increasing its value. However, based on the current trend, the next support level could be $ 0.100.
EOS – EOS / USD price analysis
The sixth largest cryptocurrency – EOS with its market cap stands at the level of $ 1,760,220,526, 03:58 UTC of December 17 cut the current value of 64.9% compared to the level of November 6 analyzed by the chart above. The main factors caused by the fall in value are obviously the competitive pressure, the bearish moments and the macro factors of the whole world that make it the lowest minimum of the day before the exhaustion. As both moving averages have recorded a very negative decline, sign, the 20-day EMA shows that bears have their hands up while EOS remains in a bearish trend in its medium-term outlook until next "uptrend". There are no bullish schemes that suggest a purchase; therefore, it is better to stay on the edge. In this, the others, who believe in the history of blockchain and cryptocurrencies, the current fall offers a great opportunity to invest in the long term. The EOS has remained in the period between August 16th and August 31st of this year, as the cryptocurrency has gathered from a minimum of $ 4.53 to a maximum of $ 6.88, which is 51, 87%, an extraordinary return within 15 days. Although moving averages continue to fall, the 14-day RSI is forming a "positive divergence" in recent days. This is a bullish sign. If the bulls are able to rise and hold above the current resistance level of $ 2.00 and create a "bullish value" (ie traded above the EMA), investors will begin to buy this currency is increasing more and more its value. However, based on the current trend, the next support level could be $ 2.05.
Litecoin price analysis – LTC / USD
The seventh largest cryptocurrency (which ranked 9th on December 13th) – Litecoin with its current market capitalization stands at $ 1,552,901.891, 03:58 UTC on December 17 has maintained its radical approach that has fallen current value of 51.9% compared to the November 06 level as analyzed by the aforementioned graph. We can investigate the fact that both moving averages have significantly refused to represent a negative sign. While the downside EMA shows that bears have their hands high while the LTC remains in a downtrend in its medium-term perspective until the next "uptrend". While no uptrend model that suggests a purchase, therefore, it is better to stay on the sidelines. The 20-day EMA is falling shows that the balance is inclined in favor of the sellers. Now let me guide you through a milestone that this cryptocurrency has achieved in the recent past. The LTC remained in range from September 17 to September 26 of this year, as the cryptocurrency recorded a rally from $ 50,305 to a maximum of $ 66.66, with a yield of 32.5% nine days. If the bulls are able to rise and sustain above the current resistance level of $ 27.96 and create a "bullish value" (ie traded above the EMA), investors will begin to buy this currency is increasingly increasing its value. However, based on the current trend, the next level of support could be $ 29.
Bitcoin cash price analysis: BCH / USD
The eighth largest cryptocurrency (which ranked 7th on December 13th) – Bitcoin Cash with its market capitalization at the level of $ 1,440,810,628, 03:58 UTC on December 17, decreased by the current value of 39; 87.8% compared to the level of 06 November analyzed by the graph above. The "downward channel" represents the fact that the way in which the current scenario has undergone a "downward trend" in value. With this, the 14-day RSI has reached oversold levels, which suggests that the sale has been exaggerated and a pullback is likely. While both EMA and RSI in oversold territory show that bears have their hands high while the BCH remains in a downtrend in its medium-term perspective until the next "uptrend". There are no bullish schemes that suggest a purchase; therefore, it is better to stay on the edge. The 20-day EMA is down, and the RSI is in the oversold territory, which shows that the balance is tilted to sellers. In this, the others, who believe in the history of blockchain and cryptocurrencies, the current fall offers a great opportunity to invest in the long term. The BCH remained in a range between September 18 and September 27 of this year, as the cryptocurrency recorded a rally from $ 415 to a maximum of $ 584, which is 40.7% – a yield extraordinary within nine days. If the bulls are able to rise and sustain above the current resistance level of $ 79.45 and create a "bullish value" (ie traded above the EMA), investors will begin to buy this currency is increasingly increasing its value. However, based on the current trend, the next level of support could be $ 81.
Price Analysis SV Bitcoin – BSV / USD
The ninth largest cryptocurrency (which was ranked 8th on December 13th) – Bitcoin SV with its market cap stood at $ 1,351,767.312, 03:58 UTC on December 17 suffered a decrease in current value of 28% over at the level of November 26th as analyzed by the graph above. While both 20-day EMAs show that bears have their hands high while the BSV remains in a downtrend in its medium-term perspective until the next "uptrend". There are no bullish schemes that suggest a purchase; therefore, it is better to stay on the edge for the time being. Now let me guide you through a milestone that this cryptocurrency has achieved in the recent past. The BSV remained in the range from November 22nd to November 26th of this year, as the cryptocurrency recorded a rally from $ 43 to a maximum of $ 124, which is 188%, an extraordinary return in four days. If the bulls are able to rise and sustain above the current resistance level of $ 78 and create an "uptrend" (ie trading above the EMA), investors will start buying this currency more and more increasing its value. However, based on the current trend, the next level of support could be $ 80.
Price analysis of Tron – TRX / USD
The tenth largest cryptocurrency – Tron with its current market capitalization stands at the level of $ 868,966.263, 03:58 UTC of December 17 recorded a fluctuating trend whose current value fell by 46.5% compared to the level of 06 November analyzed by the graph above. The "downward channel" represents the fact that the way in which the current scenario has undergone a "downward trend" in value. While both EMAs show that bears have their hands high while the TRX remains in a bearish trend in its medium-term perspective until the next "uptrend". There are no bullish schemes that suggest a purchase; therefore, it is better to stay on the edge. The 20-day EMA is falling shows that the balance is inclined in favor of the sellers. In this, the others, who believe in the history of blockchain and cryptocurrencies, the current fall offers a great opportunity to invest in the long term. The TRX has remained in the range between September 20 and October 14 of this year, as the cryptocurrency has risen from a minimum of $ 0.0196 to a maximum of $ 0.0277, with a yield of 41.326 % in 24 days. However, if the bulls are able to rise and sustain above the current resistance level which stands at $ 0.0134 and creates a "bullish value" in value (ie traded above the EMA) , investors will buy value. However, based on the current trend, the next support level could be $ 0.014.
Price analysis of Cardano – ADA / USD
The eleventh largest cryptocurrency – Cardano with its market cap stands at the level of $ 758,897,202, 03:58 UTC of December 17 decreased dramatically in the current value of 62.7% compared to the level of 06 November analyzed by the graph over it. The main factors caused by the fall in value are of course the competitive pressure, the bearish moments and the macro factors of the whole world that make it the lowest minimum of the day before the exhaustion. Since both moving averages have significantly refused to represent a negative sign The "downward channel" represents the fact that the way in which the current scenario has undergone a "downward trend" in value. While both as bears have their hands up as ADA remains in a downtrend in its medium-term perspective until the next "uptrend". Now let me guide you through a milestone that this cryptocurrency has achieved in the recent past. The ADA has been carried over from 18 September to 7 October this year, as the cryptocurrency recorded a rally from $ 0.0622 to a maximum of $ 0.0877, which is equal to 40.9 %, an extraordinary return in 19 days. Although moving averages continue to fall, the 14-day RSI is forming a "positive divergence" in recent days. This is a bullish sign. If the bulls are able to rise and sustain above the current resistance level of $ 0.028 and create an "upward" value (ie negotiated above the EMA), investors will begin to buy this it increasingly evaluates increasing its value. However, based on the current trend, the next support level could be $ 0.030.
Monero price analysis – XMR / USD
The twelfth largest cryptocurrency – Monero with its market capitalization stood at $ 656,965,536, 03:58 UTC on December 17 cut the current value by 61.8% compared to the November 6 level analyzed by the above chart. As both moving averages have registered a negative sign significantly. The "downward channel" represents the fact that the way in which the current scenario has undergone a "downward trend" in value. The 14-day RSI has profoundly affected the "oversold" levels, which suggests that the sale was excessive and that a withdrawal is likely. The 20-day EMA is down, and the RSI is in the oversold territory, which shows that the balance is tilted to sellers. In this, the others, who believe in the history of blockchain and cryptocurrencies, the current fall offers a great opportunity to invest in the long term. Let's discuss some milestones in which XMR has been tied to the range from August 14th to September 3rd of this year, as the cryptocurrency has risen from a minimum of $ 84.54 to a maximum of $ 142 which is 67 , 9% – an extraordinary return within 20 days. If the bulls are able to rise and sustain above the current resistance level of $ 41.49 and create a "bullish value" (ie traded above the EMA), investors will begin to buy this currency is increasing more and more its value. However, based on the current trend, the next level of support could be $ 43.
