In the second half of the current session on the prices of altcoins increased the bearish pressure.
XRP/USD
At the time of market analysis Ripple is quoted at $0,3362 in a narrowing price range. The upper limit of the resistance is generated by the sellers of scriptactive of the moving average line EMA14 with the current value of $0,3416.
Support for the pair is marked at the local level $0,3322. The price movement Ripple in the course of trading on the cryptocurrency on January 11-12 indicates a significant advantage sellers. Hidden bearish divergence on the four-hour chart XRP/USD with a RSI14 indicator gives an additional signal for the coming decrease in quotations.
Sale Ripple are recommended for the bounce of the price off a dynamic resistance level in the area of prices of $0,3434 with order $0,3300/$0,3242/$0,3180. To protect the open short positions should orders not below the level of the price correction of 61.8%-$0,3547.
BCH/USD
At the opening of the current trading session, the Bitcoin Cash buyers managed to break through the resistance level sales price correction of 61.8%-$of 133.90. A significant advantage of the 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 narrows, the bearish pressure on the price of scriptactive still dominant, and there is a high probability that by the end of day trading sellers to test support at the level of the local minima rates from January 10 – $126,80.
Short selling Bitcoin Cash are recommended from the level of $132,40 with order $129,80/$127,00/$124,40.
LTC/USD
At the time of the market review litecoin to US dollar traded at $32,67. The bulls, after a strong decline in the prices of cryptocurrencies, on 10 January, managed to keep the price is above the level of correction 50,0%-$32,54.
However, the nature of price movement data and technical indicators point to a steadily increasing pressure on the price of litecoin. The current price is below the moving average with a short period EMA14, the values of relative strength index out of the oversold area, but the line RSI14 is directed horizontally with a tendency to turn down.
Sale of litecoin is recommended on the break of the support prices, the level of correction 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 two – week price – $69,75.
At the time of the review of the market the pair DASH/USD is trading at $72,68. Pressure on the price of the cryptocurrency has EMA14 moving average with the current value of $73,84.
Values of relative strength index held in the oversold and a 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, you assume all associated risk of loss.
.
