It’s Monday, which means it’s the time for the #WeeklyReviewofCryptocurrencies During the first week of the 2018, the main cryptocurrencies significantly increased in price. Bitcoin’s price increased, however its share in total cryptocurrencies’ capitalization fell to 34% It seems that significant money of the investors flowed into the grown Ethereum, Ripple and...
CARDANO entered the Top 10 cryptocurrencies in terms of capitalization (at the moment it holds №5 with $ 25.7 billion) Technically, we see a consolidation around $ 1. A resumption of growth is quite likely. In relation to bitcoin (ADABTC), CARDANO also has a growing trend. Recommendation: buy
NEO grew in waves using a similair scenario two times already: First, an approximate threefold growth (from a minimum to a maximum) and then an approximate twofold drop (from a maximum to a minimum): 1st Wave: 25-85-42 2nd Wave: 42-130-78 (maybe 78 is not yet a minimum and it might be 65 for example) Then projecting the past behavior pattern to the situation and...
BTCUSD looks weaker than its "cryptobrothers" in the last two weeks. However, after the new year, Bitcoin found support over $ 12,000 and resumed growth. On the weekly chart, the rate pushed off from the fast moving average and today, jumped over the slow moving average on the daily chart,- BTC has already risen above $ 16,000 Now the bears have just one point to...
XLMUSD has tripled it's price since the beginning of the week and now competes with NEM for the 6-7 place among the biggest cryptocurrencies in terms of capitalization (at the moment XLM's capitalization is $ 16 billion) How long will such a take-off, that attracted attention to Stellar, last? The next few days will show. Usually, if the take-off is short-term,...
So, the number 1 in terms of capitalization among the cryptocurrencies - The Bitcoin - is slowly heading down (its share decreased from 54% to 36%) This is not only due to the reduction of BTCUSD, but also because of the growth of other cryptocurrencies, including BTC’s closest competitors. Ethereum recently lost it’s second place in terms of capitalization to...
DASH fell below the slow moving average of the daily chart on Saturday, and couldn't return yet. However, the level of support at $ 950 is keeping the market so far. If today the day the price does not return above $ 1100, the trend indicator of "Crossing moving averages" will give a sell signal. The purchase from this indicator was at about $ 325. The target goal...
A New Year special technical analysis from the ICEX team ;) Monero. Signal for sale. 50% potential of reduction. XMRUSD yesterday couldn't hold on the slow moving average of the daily chart, and sank fairly lower. If today the price does not return to $ 350 by the end of the day, the trend indicator of "Crossing the moving averages" will give a sell signal....
So, Ripple has reached the goal, indicated by us in the previous review on it, at 2.45 (maximum $ 2.85) Trading volumes for 24 hours exceeded $ 10 bln. Only Bitcoin got bigger numbers: $ 14 bln In terms of capitalization, Ripple also confidently came in second place among the Cryptocurrencies. Technically, the growth goals have worked out (see our previous review...
Yesterday we wrote about a new wave of growth of XRPUSD. The confirmation was received at the closing of the day. We also wrote about the correction of Bitcoin: We can observe the visual confirmation on that, looking at the BTC charts :) So we have two trends within a week-two horizon at a minimum: The growth of XRPUSD and the decline of BTCUSD Both these...
NEM grew strongly in December (5 times from the minimum to the maximum) Now, on the chart, we see a quite broad consolidation. The point below at $ 0.75 is supported by a slow moving average and graphically this level is the visible support level The point above, the resistance level, is more vague. For orientation, you can take the $ 1.10 mark We see that the...
In the second half of December, ETHUSD drew a consolidation form called "diamond". Another 2-3 days and this configuration will be completely finished. What will be the next form? Now the rate found support on the slow moving average of the daily chart (see the figure). In November and December, this average showed support to the rate twice, providing a base for...
Litecoin is fairly confidently consolidated over $ 240 after a breakthrough from the $ 100 mark at the beginning of the month. The holders of long positions were seriously worried only on one ocassion: During the Christmas sale last Friday, indicators collapsed to a $ 170 mark. However, by the closing of the day, they returned above $ 240. So technically, the...
The intersection of moving averages on the BTCUSD chart gives a sell signal: And now the price goes back to this intersection from the area below. Technically, it's the ideal moment to sell. The BCHUSD pair: the trend indicator is in the purchase and we see the completion of consolidation + the indicators are directly on the supporting fast moving...
Last week, cryptocurrencies survived dramatic fluctuations of the exchange rate, after takeoff on the previous week. Bitcoin declined and decreased its share in total capitalization from 55% to 43% It seems that a significant amount of investors' money flowed into the grown BCHUSD and XRPUSD as well as the heavily-watched Ethereum / Most of our recommendations...
So, yesterday's pre-Christmas sale of cryptocurrencies made a strong impression on cryptocurrencies' fans and their opponents. What now? On the chart, we see a breakdown of a growing trend at record volumes. True, the bulls still have a chance, if there is a quick return to the level of $ 19,000 by today or tomorrow and the closing of the week without the decline...
The next (already third) attempt of BTGUSD to grow beyond $ 400 has suffered a fiasco. Previous down movements stopped by buyers at the turn of $ 200 The slow moving average on the chart is almost horizontal throughout December. There are all signs of a flat trend. Trading in a flat trend is very simple: buy from the lower border and sell at the top one. The only...
Ripple exits consolidation that lasted for a week. If it succeeds (at today's closing price), then the estimated growth potential is quite high: 150% of the current price - about $ 2.45. As we wrote earlier, the growth waves of cryptocurrencies multiply the price. Moreover, according to observations, the multiplicity of the re-wave is often higher than the...