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In the second half of the current session on altcoin prices, downward pressure has increased.
XRP / USD
At the time of market analysis, Ripple is listed at $ 0.3362 in a lower price range. The upper resistance limit is generated by scriptactive sellers of the EMA14 moving average line with the current value of $ 0.3416.
Support for the pair is locally tagged $ 0.3322. The movement of the Ripple price during the cryptocurrency trading of January 11-12 indicates a significant advantage for the sellers. The hidden bearish divergence on the XRP / USD four-hour chart with an RSI14 indicator provides an additional signal for the imminent decrease in quotations.
Sale Ripple is recommended for the rebound in the price of a dynamic resistance level in the price area of $ 0.3434 with order $ 0.3300 / $ 0.3242 / $ 0.3180. To protect open short positions, orders must not be lower than the price correction level of 61.8% – $ 0.3547.
BCH / USD
At the opening of the current trading session, buyers of Bitcoin Cash managed to overcome the selling price adjustment of the resistance level of 61.8% – $ 133.90. A significant advantage of session sales grew a pair BCH / USD met the dynamic level line EMA14 with the current value of $ 135.50.
At the time of the market review, BCH is listed at $ 133.25. The trading range is shrinking, the downward pressure on the price of the scriptactive is still dominant, and there is a high probability that by the end of the day the sellers will test the support at the local minimum level from 10 January to $ 126.80.
The short sale of Bitcoin Cash is recommended by the $ 132.40 level with the order $ 129.80 / $ 127.00 / $ 124.40.
LTC / USD
At the time of the market review, litecoin in US dollars was trading at $ 32.67. After a sharp decline in cryptocurrency prices, the bulls managed to keep the price above the correction level of 50.0% – $ 32.54 on 10 January.
However, the nature of price movement data and technical indicators indicate a steadily increasing pressure on litecoin prices. The current price is lower than the short-term moving average EMA14, the values of the relative strength index outside the oversold area, but the RSI14 line is horizontally oriented with a tendency to decline.
The sale of litecoin is recommended on the breakdown of support prices, the correction level of 50.0% – $ 32.54. Target for short positions: $ 32.00 / $ 31.60 / $ 31.20.
DASH / USD
Pressure sales January 10, Dash the price was dropped below the level of the price correction of 61.8% – $ 74.23. The minimum was recorded at the price of two weeks – $ 69.75.
At the time of the market review, the DASH / USD pair traded at $ 72.68. The price pressure of the cryptocurrency has an EMA14 moving average with the current value of $ 73.84.
The values of the relative strength index held in the oversold entity and the reversal of the RSI down from the border of the oversold area will give a signal to start active sales of the cryptocurrency.
Trading recommendations are not a reference to action. Following the recommendations, we assume all the associated risk of loss.
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