Weekly review of 10 major cryptocurrencies 12.02.18 - 18.02.18
Last week, the main cryptocurrencies significantly increased in price, bouncing quite high from the minimums. Bitcoin rose above $ 10,000, and its share in total capitalization increased to 37%.
The number of billionaire-coins decreased to 21, and their total number (according to coinmarketcap.com) increased to 1545.
The total capitalization of the cryptocurrency market increased to $ 490 billion.
Bitcoin for the week increased by 29% from $ 8100 to $ 10,400, reaching a maximum of 11,200 by the weekend.
On the weekly chart, the rate was able to rise above the slow moving average, significantly complicating the technical prospects for further decline.
On the daily chart and and overall, the Intersection of moving averages gave a signal to buy.
So, if in the upcoming days the quotes won’t drop below $ 9,500, you’ll need to close the positions for sale, and maybe start opening ones for purchase.
Ethereum for the week increased by 12% from $ 810 to $ 910, also visiting the $ 980 mark
The calculated goal of correction at $ 700 was reached and the ascent began.
However, while it is limited to a fast moving average, it is premature to speak about the beginning of a large wave of growth.
On the daily chart, the intersection of moving averages also gave a buy signal. However, it is not as confident as on Bitcoin's graph.
In general, Ethereum does not show any apparent dynamics to increase or decrease.
Therefore, it is reasonable not to participate in the bidding.
Ripple (XRPUSD) for the week increased by 10% from $ 0.97 to $ 1.07, reaching a maximum of $ 1.23
The important support at $ 0.9 has been restored. The support is also the slow moving average of the weekly chart at $ 0.8.
Above it, is the resistance from $ 1.25 to $ 1.5
This week, ripple will probably enter consolidation between support and resistance.
BCHUSD for the week increased by 20% from $ 1,210 to $ 1,450, also visiting the $ 1,630 mark
Crossing the moving averages in the purchase and overcoming of $ 1370 gave a signal to close the positions for sale and open ones for purchase.
Litecoin for the week soared by 40% from $ 150 to $ 210, reaching a maximum of $ 255
On the daily chart, the intersection of moving averages gave a buy signal. At the same time, the rate overcame important resistance levels.
Further increase is more likely.
DASH for the week grew by 17% from $ 585 to $ 685, reaching $ 770
The transition from a decline to consolidation between $ 400 and $ 800.
NEM for the week fell by 1% from $ 0.52 to 0.515
Consolidation near the minimums on a falling trend. It looks much worse than other coins from the top 10.
Sell.
Monero for the week increased by 26% from $ 230 to $ 290 reaching $ 330
The transition from a decline to consolidation between $ 230 and $ 320
NEO grew by 25% from $ 100 to $ 125, also reaching $145 mark
NEO remains in the picture of the growing trend, rising above the fast moving average on the weekly chart
The intersection of the moving averages of the daily chart also gave a buy signal.
Buy.
IOTA grew by another 17% from $ 1.67 to $ 1.96, reaching a maximum of $ 2.2
The transition from a decline to consolidation between $ 1.5 and $ 2.5
We wish you profitable deals and follow our reviews!
The number of billionaire-coins decreased to 21, and their total number (according to coinmarketcap.com) increased to 1545.
The total capitalization of the cryptocurrency market increased to $ 490 billion.
Bitcoin for the week increased by 29% from $ 8100 to $ 10,400, reaching a maximum of 11,200 by the weekend.
On the weekly chart, the rate was able to rise above the slow moving average, significantly complicating the technical prospects for further decline.
On the daily chart and and overall, the Intersection of moving averages gave a signal to buy.
So, if in the upcoming days the quotes won’t drop below $ 9,500, you’ll need to close the positions for sale, and maybe start opening ones for purchase.
Ethereum for the week increased by 12% from $ 810 to $ 910, also visiting the $ 980 mark
The calculated goal of correction at $ 700 was reached and the ascent began.
However, while it is limited to a fast moving average, it is premature to speak about the beginning of a large wave of growth.
On the daily chart, the intersection of moving averages also gave a buy signal. However, it is not as confident as on Bitcoin's graph.
In general, Ethereum does not show any apparent dynamics to increase or decrease.
Therefore, it is reasonable not to participate in the bidding.
Ripple (XRPUSD) for the week increased by 10% from $ 0.97 to $ 1.07, reaching a maximum of $ 1.23
The important support at $ 0.9 has been restored. The support is also the slow moving average of the weekly chart at $ 0.8.
Above it, is the resistance from $ 1.25 to $ 1.5
This week, ripple will probably enter consolidation between support and resistance.
BCHUSD for the week increased by 20% from $ 1,210 to $ 1,450, also visiting the $ 1,630 mark
Crossing the moving averages in the purchase and overcoming of $ 1370 gave a signal to close the positions for sale and open ones for purchase.
Litecoin for the week soared by 40% from $ 150 to $ 210, reaching a maximum of $ 255
On the daily chart, the intersection of moving averages gave a buy signal. At the same time, the rate overcame important resistance levels.
Further increase is more likely.
DASH for the week grew by 17% from $ 585 to $ 685, reaching $ 770
The transition from a decline to consolidation between $ 400 and $ 800.
NEM for the week fell by 1% from $ 0.52 to 0.515
Consolidation near the minimums on a falling trend. It looks much worse than other coins from the top 10.
Sell.
Monero for the week increased by 26% from $ 230 to $ 290 reaching $ 330
The transition from a decline to consolidation between $ 230 and $ 320
NEO grew by 25% from $ 100 to $ 125, also reaching $145 mark
NEO remains in the picture of the growing trend, rising above the fast moving average on the weekly chart
The intersection of the moving averages of the daily chart also gave a buy signal.
Buy.
IOTA grew by another 17% from $ 1.67 to $ 1.96, reaching a maximum of $ 2.2
The transition from a decline to consolidation between $ 1.5 and $ 2.5
We wish you profitable deals and follow our reviews!
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