Technical analysis and forecast cryptocurrency (Bitcoin dollar) BTCUSD 31.01.2018:
Trading session on Tuesday brought a large number of losses bulls for Bitcoins. Coin less than a day fell by almost 12% from $ 10850 to $ 9500. Buyers did not wait for the test and the strengthening of the main key resistance levels ($ 12000- $ 12600). If you look at the graph H1 and above, you can see that in the last days of resistance has formed a new range of $ 11,200 - $ 11,700. It is also worth noting that the $ 9500 support for the third time does not allow sellers to go too far. Bollinger Bands suggests a possible trend reversal, releasing the price level of the lower band. On this basis, it would be logical to get a mark on Long 9800 - on consolidating after the bounce. Surely coin shorts at current levels is not advised, however, to look at the opening of short positions may be approaching the $ 11,200 - $ 11,700 resistance.
Technical analysis and forecast LTCUSD 31.01.2018:
LTCUSD steam in recent days has suffered a little less than their "colleagues in the shop", but too much. Opening of new positions will depend on the reaction to testing $ 150 support, which we can observe the last few hours. As part of a downward trend can be identified downstream channel with clearly defined boundaries, the breakdown of which will mean the strengthening of the trend. MACD indicates a medium-sized bear-trend and RSI oscillator tells us mild oversold cryptocurrency coins on the market. Since, in our opinion, there is a great probability of a false test, the best action at the moment is wait and see from the behavior of the asset to the nearest return abroad downtrend.
Technical analysis and forecast ETHUSD 31.01.2018:
The second day of trading this week has led ETHUSD pair buyers even more suspense, not giving any chance to continue to consolidate above $ 1,100 support, which now acts as resistance. In our view, the potential for some bearish momentum still has, according to Bollinger bands, but, nevertheless, go a full volume of short positions is too late. However, if you stick to yesterday's Trade Council, then the results of Tuesday's session, we were in a good plus, in the moment of the profit goes up to $ 100 on each contract, thus the total profit to date is approximately 3%. If the current bearish trend continues, it will be included in the purchase, at $ 900 the rebound from the $ 850 support.
Technical outlook cryptocurrency AMarkets