Author: Bitcoin
The pattern we saw when Bitcoin jumped from $5,000 to $9,000 is currently repeating itself with great volatility and a more significant correction. The support at $10,000 is fragile and has been tested in the past week. If this line of support breaks, the next one will come at $9,400. The current resistance is $11,000.
Ethereum
Against the dollar, we’ve tested the support at around $200. The resistance in this range is at $230. Technically, the resistance prior to the last wave of gains was at $180, and as long as the support holds above it, the trend is still present.
Against Bitcoin, ETH stabilized around the support at 0.02 BTC, which is a critical area. The resistance in this range is at 0.024 BTC. Despite the steady week, there are still concerns that the declines will continue.
Ripple
Against the dollar, XRP suffered in 2018 as most of the market did. However, 2019 seems to have been relatively stable with a bottom at 29 cents which is also the support. Resistance in this range is at 34 cents. If we ignore the attempts to breach $0.50 and the sharp correction that followed, technically speaking, the action is considered stable.
Against BTC, the support in this range is at around 2,900 satoshi while the resistance is at 3,300 sat. It’s not clear whether the downtrend has reached its end, but with the correction in Bitcoin, the price appears to have stabilized for now.
BNB
Trading against the dollar, we saw a trend reversal as the price pulled back to the support at $28. Resistance in this range is located around the 50-day MA at $32.
A correction of up to 0.0024 BTC is pending. Traders don’t seem to be pressured, and funds raised on Binance Launchpad continue to flow as usual. Resistance in this range is at 0.003 BTC. If it breaks, the next resistance is at 0.0032 BTC.
Huobi Token
Trading against the dollar, HT has had a successful year so far. It saw a notable increase, a correction, and a comeback. The price went to $6, fell back to $0.90, and then surged again to resistance at $5. The support is now at $4.40, though a sharp correction is still underway.
Against BTC we saw a double trend which completed the correction and another breakout attempt after the resistance of 0.0004 BTC became support. The next resistance is at 0.00047 BTC.
Cryptocurrency charts by TradingView.
Technical analysis tools by Coinigy.
