ICO168.io Four Coin Analysis

Welcome to our daily brokerage currency review, our team of analysts will provide real-time encryption market updates at the start of the New York market (9:30 am EST), we encourage readers to provide feedback and try out our encrypted trading platform ICO168.io, you can trade BTC, ETH, LTC, XRP, and more on the ICO168.io platform coming soon.

Bitcoin(BTC):

Bitcoin is currently trading at $6501. It appears that a bear flag formation is happening. Bitcoin is facing some resistance where the 20-day EMA is. The trend is still bullish as the local trend line shows an upward trend. RSI is almost above 50 at 47 RSI which means that it’s still a little bearish but volume has been picking up. Short-term resistance is $6830, mid-term resistance is $7400, long-term resistance is $8500. Short-term support is $6300, mid-term support is $6000, long-term support is $5750.

Ethereum(ETH):

Ethereum is forming an inverted cup and handle formation. The price is testing its 38.2% Fibonacci level and has not closed above it yet at $221. There is significant resistance here. After breaking out of the bearish pennant, Ethereum has tried to test the next level of resistance but has pulled back a little and is now currently trading at $218. The current candle is well below the 8-day EMA and because the 8-day and 20-day EMA have not crossed upwards in about 2 months the bearish trend continues. Short-term resistance is $221, mid-term resistance is $255, long-term resistance is $303. Short-term support is $200, mid-term support is $185, long-term support is $166.97.

Litecoin(LTC):       

Litecoin is currently trading at $58.41. The upward channel that it’s trading at indicates a move upwards with a likely pullback coming at $70. With 3 established higher low’s we are getting a better idea of an upward momentum. The daily MACD’s histogram does show a decrease in value indicating that the short-term movement could actually be bearish even though the trend is moving upwards. Short-term resistance is $61.03, mid-term resistance is $64.64, long-term resistance is $70. Short-term support is $55.75, mid-term support is $52.49, long-term support is $47.21.

Ripple(XRP):     


After rising 190% last week, XRP has definitely cooled off. Currently it’s trading at $0.51. It has testing a support level where the 8-day EMA was at $0.48 after hitting a low on the same daily candle at $0.43. Today, it hit a high of $0.57. MACD is showing a bearish trend however with a decreasing value in the histogram which appears to be trying to go back into negative values within the next few days. A possible double top formation is also trying to form on the daily charts. Short-term resistance is $0.52, mid-term resistance is $0.58, long-term resistance is $0.80. Short-term support is $0.48, mid-term support is $0.42, long-term support is $0.37.

The news:

The biggest news since last week was the delay of the CBOE Bitcoin ETF and XRP’s meteoric rise of almost 200%. Since then, other news has come out like Coinbase’s new policy on trying to list more digital assets on their platform as well as Bitmain announcing their IPO filing in Hong Kong. This has all had a positive effect on the market as total trading volume has been up and the sentiment has generally been positive over the last week. Many are unsure whether or not XRP’s rise can be sustainable as it even surpassed Ethereum as the #2 coin on coinmarketcap.com by market cap. Since the delay of the CBOE Bitcoin ETF won’t be until December 29th, this has given investors a sigh of relief and the market has been a reflection of this.



閱讀 3141

分享到:          

郑重声明: NewCoins168网站提醒广大读者用户根据实际情况谨慎投资。本网站文章观点以及内容分析仅供参考,并不构成任何投资意见或建议。风险自控。转载文章仅为传播更多信息之目的,版权归原作者所有。如有侵权/错误不完整之处请第一时间与我们联系。


致讀者: 親愛的讀者,為了盡量消滅錯別字,給您帶來最好的閱讀體驗,NewCoins168網站即日起實施“零錯行動”,邀請廣大網友一起來參加這個有獎活動。參與方式有兩種:1)對文章中的錯別字,讀者在文章評論區留言,用文字指出其具體錯誤;2)將錯別字的截屏圖片發到NewCoins168網站總編的郵箱serena@newcoins168.com 。情況如果屬實,NewCoins168網站會在第一時間做出調整,並對提出問題的網友給予相應的獎勵。

關於作者

Preston Hom

交易平台(ICO68.IO)分析師。Newcoins168網站ICO分析師,曾擔任現代美國汽車公司的數據分析師。2013年畢業於加州大學爾灣分校。 在目睹身邊的朋友通過首次代幣發行(ICO)投資的高回報率賺了數百萬美元後,Hom進行了第一次ICO投資 。他通過識別宏觀趨勢,研究和分析,成功將自己的所有投資增值,回報率最高達到4000%左右。他認為,區塊鏈技術與互聯網起源的獨創性相似,在web 3.0創新技術的帶動下,區塊鏈技術將會為世界提供更多成功的機會。

留言

快來評論吧!