Cryptocurrencies gave out part of the gains acquired in the week, as Bitcoin (-2.45%) was unable to break above $10,500. The worst performers are Bitcoin SV (-6.75%), Ethereum classic (-6.99%), Iota (-7.6%) and Algorand(-11.57%).

Most Ethereum tokens are also retracing, including LINK (-2.19%), LEO(-3.94%) and REP (-8.62%). Among this selling mood, there were also excellent performers, such as THETA(+11.73%), CENNZ(+14.42%) ELF(+14.28%), and CHZ(+16.18%).

Coin360

The market capitalization of the crypto sector receded to $299.637 billion, 1.33 percent less, and the traded volume in the last 24 hours went to $76.980 billion, 11.9 percent above yesterday's figure. Finally, Bitcoin's market dominance is currently 62%.

Market

 

Hot News

FED charwoman candidate Judy Shelton in favor of a digital dollar, although not for the benefit of the US citizens, but rather as a weapon of world dominance. "We need the digital currency a little bit less, I would argue internally, but rather to help preserve the primacy of the dollar worldwide.".

A group of Nasdaq and Morgan Stanley trading vets to create ExOne, a new trading platform to solve the fragmentation problem of crypto trading. "If an investor goes to one marketplace, the bid that he sees in that one marketplace may be wildly different than it is in another venue.".

ExOne, when operational, will be connected across the different marketplaces to display a consolidated, optimal, quote.

IOTA has shut down entirely its network as a measure against a coordinated attack against its Trinity Wallet that resulted in stolen funds, according to an official tweet by the IOTA. IOTA is dropping 7.4 percent in the exchanges.

 

Technical Analysis: Bitcoin

Bitcoin

Bitcoin is still showing selling pressure, its price moving in a support area, but the last candlestick is pushing the price near the edge of a downside breakout. The price is moving to the lower Bollinger band, as the MACD signal mode bearishness. The level to watch is $10,068. If BTC moves below it, the next target is $9870 and $9,730.

Support

Pivot Point

Resistance

10,068

10,280

 

10,465

9,870

10,650

9,730

10,800

 

Ripple

Ripple

After a selling spike made on Thursday, Ripple made another unsuccessful attempt to move above $0.335. Now it has created another large bearish candle close to the $0.313 level, and the MACD made a Bearish transition. Thus, we think XRP is going to endure more consolidartion after its large upward movement. The primary trend continues being bullish, and the present action is just a healthy consolidation to move the price out of the overbought condition.

Support

Pivot Point

Resistance

0.3130

0.3220

 

0.3350

0.3000

0.3450

0.2900

0.3600

 

Ethereum

Ethereum

Ethereum is doing a healthy consolidation of the recent gains. In fact, its retracement has been relatively short compared to the large profits acquired in a few days. The price is moving in the range between $262 and $275 and is approaching the Bollinger Band mean line, although, on a daily chart, the price shows still a strong overbought condition. The primary upward trend is in a very healthy condition; thus, long-term investors may apply the "buy the dip" motto.

Support

Pivot Point

Resistance

259

268

 

275

255

290

249

300

 

Litecoin

Litecoin

Litecoin continues moving in a horizontal range between $78.4 and $81.5, still in the upper Bollinger band. The MACD is in a bearish phase, which just states the corrective nature of the current movement. The primary trend is still up, since all technical indicators, except for the MACD, points to that conclusion. The levels to keep are $78.4 and $81.5, as these mark the range limits.

Support

Pivot Point

Resistance

78.4

81.5

 

84

75.7

86

73

88

 


 

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Ripple Price Forecast: XRP flashes sell signal in the hourly chart – Confluence Detector

XRP/USD has had three straight bullish sessions. XRP daily confluence detector shows moderate-to-strong resistance at $0.245. On the downside, there are two healthy support levels at $0.2425 and $0.24.

More Ripple News

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Bitcoin Weekly Forecast: Keep calm and HODL on until the USA elects the president

Bitcoin (BTC) partially regained the losses incurred at the beginning of the week; however, the upside momentum is still too weak to take the price out of the bearish territory and ensure a sustainable recovery. 

Read the weekly forecast

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