Weekly review of 10 major cryptocurrencies 19.02.18 - 25.02.18
After last week, most cryptocurrencies got cheaper, rolling back from the resistance levels. Bitcoin fell slightly below $ 10,000 but its share in total capitalization increased to 38%. Growth at the beginning of the week got replaced by a gradual decline.
The number of billionaire-coins decreased to 18, and their total number (according to coinmarketcap.com) decreased to 1519.
The total capitalization of the cryptocurrency market decreased to $ 430 billion.
Bitcoin for the week fell by 8% from $ 10,400 to $ 9,600, reaching a maximum of 11,800.
On the weekly chart, the rate could not rise above the fast moving average and it is slightly below the slow moving average. Thus, the prerequisites for consolidation between $ 6000 and $ 12000 are created.
On the daily chart, the intersection of moving averages remains in the purchase, and the rate has fallen directly to the beginning of the growing slow moving average
Thus, while the rate is above $ 9,500, further increases are more likely.
Ethereum for the week fell by 8% from $ 910 to $ 840, also visiting the $ 960 mark
Consolidation between $ 600 and $ 1000
In general, Ethereum does not show any apparent dynamics to increase or decrease.
Therefore, it is reasonable to stay away from trading it.
Ripple (XRPUSD) for the week decreased by 16% from $ 1.07 to $ 0.9
Consolidation is next to support at $ 0.9, over the slow moving average.
Probably a gradual decline.
BCHUSD for the week decreased by 19% from $ 1,450 to $ 1,170, fully playing back the growth of the previous week.
It seems that the signal to buy received on the previous week was false.
Further gradual decline is more likely now.
Litecoin was able to grow by 3% from $ 210 to $ 218, reaching a maximum of $ 260
Technically, it looks positive on both the daily and weekly charts.
Further increase is more likely.
DASH for the week fell by 15% from $ 685 to $ 585, completely losing the achievements of the previous week.
Consolidation between $ 400 and $ 800.
NEM for the week fell by 22% from $ 0.51 to 0.39
A Clear outsider among the top cryptocurrencies
Sell.
Monero for the week fell by 5% from $ 290 to $ 276, also visiting the $ 330 mark
Consolidation between $ 240 and $ 330 with a technical growth picture still above $ 240
NEO for the week fell by 6% from $ 125 to $ 117 also visiting the $145 mark
Damped oscillations
Further increase is more likely.
IOTA fell by 8% from $ 1.96 to $ 1.80, reaching the maximum of $ 2.16 during the week
Consolidation between $ 1.1 and $ 2.2
Check out our website at icex.ch
#icex #bitcoin #cryptocurrency #investment #exchange #analysis #technicalanalysis #overview
The number of billionaire-coins decreased to 18, and their total number (according to coinmarketcap.com) decreased to 1519.
The total capitalization of the cryptocurrency market decreased to $ 430 billion.
Bitcoin for the week fell by 8% from $ 10,400 to $ 9,600, reaching a maximum of 11,800.
On the weekly chart, the rate could not rise above the fast moving average and it is slightly below the slow moving average. Thus, the prerequisites for consolidation between $ 6000 and $ 12000 are created.
On the daily chart, the intersection of moving averages remains in the purchase, and the rate has fallen directly to the beginning of the growing slow moving average
Thus, while the rate is above $ 9,500, further increases are more likely.
Ethereum for the week fell by 8% from $ 910 to $ 840, also visiting the $ 960 mark
Consolidation between $ 600 and $ 1000
In general, Ethereum does not show any apparent dynamics to increase or decrease.
Therefore, it is reasonable to stay away from trading it.
Ripple (XRPUSD) for the week decreased by 16% from $ 1.07 to $ 0.9
Consolidation is next to support at $ 0.9, over the slow moving average.
Probably a gradual decline.
BCHUSD for the week decreased by 19% from $ 1,450 to $ 1,170, fully playing back the growth of the previous week.
It seems that the signal to buy received on the previous week was false.
Further gradual decline is more likely now.
Litecoin was able to grow by 3% from $ 210 to $ 218, reaching a maximum of $ 260
Technically, it looks positive on both the daily and weekly charts.
Further increase is more likely.
DASH for the week fell by 15% from $ 685 to $ 585, completely losing the achievements of the previous week.
Consolidation between $ 400 and $ 800.
NEM for the week fell by 22% from $ 0.51 to 0.39
A Clear outsider among the top cryptocurrencies
Sell.
Monero for the week fell by 5% from $ 290 to $ 276, also visiting the $ 330 mark
Consolidation between $ 240 and $ 330 with a technical growth picture still above $ 240
NEO for the week fell by 6% from $ 125 to $ 117 also visiting the $145 mark
Damped oscillations
Further increase is more likely.
IOTA fell by 8% from $ 1.96 to $ 1.80, reaching the maximum of $ 2.16 during the week
Consolidation between $ 1.1 and $ 2.2
Check out our website at icex.ch
#icex #bitcoin #cryptocurrency #investment #exchange #analysis #technicalanalysis #overview
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