Altcoin market analysis – Bitcoin Cash and EOS continue to bleed, remainder comparatively stable

Total market capitalisation remained around USD 130 billion. While the majority of crypto currencies in the top 10 remained relatively stable, the prices of Bitcoin Cash and EOS fell by more than ten per cent. In addition, Bitcoin SV is now another Bitcoin hard fork in the top 10.

The price development of the ten crypto currencies with the highest market capitalisation, which is stated in billions of US dollars, is shown.

Is this cryptosoft? It will be seen

I believe that cryptosoft will end, as you know, only after a rise above the moving average of the last 20 weeks according to onlinebetrug. And the Bitcoin price needs to rise to around USD 6,300. Nevertheless: At least there’s some peace in the top 10 – apart from the Bitcoin Cash and EOS courses that plunge into the depths. We also have Bitcoin SV, another Hard Fork Bitcoin in the top places. Since the history of Bitcoin SV is still quite young, we won’t give a forecast for this asset yet.

Market capitalization has remained more or less constant at $129 billion.

The price forecasts are somewhat benevolent: Daring ones can venture long positions with crypto currencies with a rather bullish price assessment, where the support can be considered as a stop loss and the resistance as the first target. For those with a neutral assessment, you should wait for a rise above the resistance or a fall below the support before opening a long or short position.

Best crypto trader price performance: Cardano (ADA)

The Cardano rate is trying to defy the sideways movement, which all crypto trader currencies with the exception of Bitcoin Cash and EOS have joined, by increasing by seven per cent. As you can see from the chart above, this does not hide the fact that Cardano is currently only moving sideways after the price slump that has been continuing since mid-November.

The negative, but currently rising MACD and the RSI rising out of the oversold lead to a rather bullish impression, which is also confirmed by the current Aroon indicator. Cautiously one could think about a long position. A Fibonacci retracement is used to define the support and resistance levels and thus the stop loss and the targets, in which the previous minimum level is regarded as the 23.6% Fibonacci retracement level with regard to the development since mid-November. On this basis, the resistances at 0.05 US dollars and 0.07 US dollars could be used for a long position as targets. As a stop loss, the support at 0.03 US dollars offers itself. If the price falls below this level, you can try a short position with a target of 0.02 US dollars and a stop loss of 0.04 US dollars.

Worst price performance: EOS

That hurts: after the bloodbath of the last few weeks, EOS has still not been able to catch up and lost a full 15 per cent this week. The share price has thus reached a new low for the year and stands at the price levels that the EOS share price last reached at the end of November 2017.

The Aroon indicator leads to a rather bearish assessment, a picture confirmed by the constantly low RSI and the still falling negative MACD. A short position is therefore the obvious choice. Daring investors can open this position immediately and target 1.99 US dollars and 1.13 US dollars as targets with a tight stop loss, for example at the resistance which is at 3.87 US dollars. A real long position is only available when the resistance is reached at 4.74 US dollars. The stop loss would be 3.87 US dollars and the first target 6.53 US dollars.

Stability of the Top 10
Stellar was able to assert itself against EOS and Bitcoin Cash, now only two percent separate the market capitalizations of Bitcoin Cash and Stellar. The situation between Litecoin and Tether is similarly tight. Should Litecoin’s market capitalization fall by four percent, Tether would take seventh place in the Top 10. After all, there is a battle raging on the last places of the Top 10. While Cardano and Monero are nine percent behind, Tron and Monero are almost on a par. Only one percent separates their market capitalizations from each other.