The engines have just begun to warm up, the maximum attention to a possible take-off

• The first 3 cryptocurrencies reach the first resistance levels.

• Technically, Ripple is the most advanced and Ethereum remains behind.

• The next days could define development for the first half of 2019.

After ten months of constant decline, the market will need something more to put aside doubts. Falls can be very short, and we are likely to see strong increases again from the start of the US session.
I warned of the hikes these past week, but I made it clear that certain levels must be reached to bring about a medium-term trend change.

My benchmark, the ETH / BTC has worked well over the past three days, and the Directional Movement Index offers a small advantage to bulls over bears. Yesterday this cross reached the main bearish trend line in the medium term. The next few hours will be decisive for the development of the entire Crypto board in the coming months.

Today, the fierce criticism of Bitcoin comes from the CFA (Certified Financial Advisors). According to this respectable institution, Bitcoin does not have the necessary properties to be considered a good and adds that, as a mass adoption currency, it does not meet the requirements in the least. Finally, they label it as a "Ponzi scheme".

They claim that the value of Bitcoin is supported only by new contributions, as it lacks recurring revenue that can justify any evaluation. I agree with these statements, although I believe that by following these arguments, other assets should be qualified as "Ponzi Schemes". A good number of companies listed in the technology sector enjoys high valuations without profits. All goods need new inflows to see their prices increase.

Do you want to know more about my technical configuration?

BTC / USD daily logarithmic chart

The BTC / USD is currently trading at $ 3.919 price level (resistance to price congestion). The value stopped yesterday at this level of resistance and returned to $ 3,660, from where he again launched an attack on the psychological level of $ 4,000.

The overall technical aspect is very favorable to increases for the BTC / USD. The significant drops in recent weeks make moving averages very far and have room to move quickly.

Above the current price, the first resistance is a $ 4,402 (resistance to price congestion and EMA50). It is difficult for this level to be crossed upward in a convincing way. The second level of resistance is a $ 4.940 (resistance to price congestion). The third level of resistance is a $ 5.325 (extension of the long-term channel down).

Under the current price, the first level of support is a $ 3.930 (support for price congestion). The second level of support is a $ 3,280 (support for price congestion). The third level of support is a $ 3.126 (annual minimum and trend line from historical highs).

The MACD in the daily range shows a bullish profile without losing sight of the fact that it is still moving in an extremely negative area. The averages are crossed to the top and with a perfect inclination that promises a few more sessions, at least, on the upside.

The DMI in the daily range shows us how the bulls have a minimal advantage over bears. The best description for the current situation is a draw.

Daily log chart XRP / USD

XRP / USD is currently trading at $ 0.383 price level, surpassing the EMA50 which blocked yesterday's progress. The Ripple is making good use of this bullish momentum, but is struggling to take the lead among the three cryptocurrencies dominating the industry.

Above the current price, the first resistance level is a $ 0.38 (EMA50). The second level of resistance is a $ 0.413 (resistance to price congestion). The third level of resistance is a $ 0.428 (resistance to price congestion, SMA100 and SMA200). This last level is the primary objective for this cross.

Under the current price, the first level of support is $ 0.368 (support for price congestion). The second level of support is $ 0.345 (support for price congestion). The third level of support is a $ 0.32 (support for price congestion).

The MACD in the daily range shows a very bullish profile. The averages are very separate one from the other and with a strong bullish inclination. It is still moving through the negative zone of the indicator but has a run ahead of it.

The DMI in the daily range shows the bulls taking control of the situation and moving above the level 20. On the other hand, the bears retreat and run below the level 20 indicating the existence of the driving force – an upside potential.

ETH / USD daily logarithmic chart

ETH / USD is traded at the price level of $ 111.09. Ethereum has the lowest short-term upside obstacle. It is also the one showing the slowest structural development towards the top.

Above the current price, the first resistance level is a $ 124.5 (resistance to price congestion). The second level of resistance is a $ 133.92 (EMA50). The third level of resistance is a $ 156 (resistance to price congestion).

Under the current price, the first level of support is a $ 94.6 (support for price congestion). The second level of support is a $ 82.6 (support for price congestion and long-term bear channel support). The third level of support is a $ 69.2 (support for price congestion).

The MACD in the daily range shows the least advanced upward profile of the three resources analyzed. On the downside, it is a weakness factor, but increases the medium-term upside potential).

The DMI in the daily range also reflects the least developed state of the three. The bears maintain control even if they irremediably meet the bulls. These current difficulties could turn into medium-term benefits.

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