Bitcoin, Ripple, Ethereum, Stellar, Tether, Bitcoin Cash, EOS, Bitcoin SV, Litecoin, TRON, Cardano, Monero: Price Analysis, Dec. 10

Fibo Quantum

Bitcoin Price Analysis – BTC/USD

The first largest cryptocurrency, Bitcoin having its market cap that stands at the level of $62,868,255,286, 04:07 UTC on December 10 plunged in current value by 46% relative to the level of October 16 due to the strong bearish pressure and competitive forces which can be analyzed from the graph above.

Let us have a look at the technical picture of the BTC/USD pair as follows:

As we can analyze that the BTC/USD currently traded below EMA representing “Downtrend” in the market. With this, the declining EMA signals a negative sign. The falling 20-day EMA and the RSI in the oversold territory show that the bears have the upper hand. Let us not forget that the BTC remains in a bearish trend in its medium-term outlook. While no bullish patterns that indicate a buy, hence, it is best to remain on the sidelines. With this, traders should wait for the trend to reverse and a bottom to form before initiating any long positions in it. The 20-day EMA is slopping down, which shows that the balance is tilted in favor of sellers. Those who believe in the story of a crypto world, the current fall offers an excellent opportunity to invest in the long term. Since BTC remained range bound from September 18 to October 15 this year, the cryptocurrency rallied from a low of $6295 to a high of $7821 which is a 24 percent return within 27 days. The next support level can be estimated at $3600.

Ripple Price Analysis – XRP/USD

XRP/USD

The second largest cryptocurrency, Ripple having its market cap that stands at the level of $12,737,157,008, 04:07 UTC on December 10 has extended its drop in current value by 43.7% relative to November 06 due to the strong bearish pressure and macro forces which can be analyzed from the graph above.

Let us have a look at the technical picture of the XRP/USD pair as follows:

The falling 20-day EMA and the RSI in the oversold territory show that the bears have the upper hand. As we can analyze that the XRP/USD currently traded below EMA representing “Downtrend” in the market. With this, the declining EMA signals a negative sign. It seems that the 20-day EMA is slopping down, and the RSI is in the oversold territory, which shows that the balance is inclined in favor of sellers.

Let us not forget that the XRP remains in a bearish trend in its medium-term outlook. While no bullish patterns that indicate a buy, hence, it is best to remain on the sidelines for some time. With this, traders should wait for the trend to rebound and a bottom to form before initiating any long positions in it and those inclined to invest in the crypto world, the current fall offers an excellent opportunity to invest in the long term. Since XRP remained range bound from October 12 to November 05 this year, the cryptocurrency rallied from a low of $0.378 to a high of $0.57 which is a 50.7 percent return within 24 days. Amid this, XRP stayed in the range of $0.46–$0.55 from November 05 to November 18 as interpreted from the above graph, since then the bears broke below it and experienced continuously downward till date. The lower price range as analyzed from the graph represents the trend. However, we can say that the bulls succeed in rising and sustaining above the current resistance level and start trading above the EMA, an investor’s sentiment will be likely to buy more of the currency thereby creating the new price range. The next support level can be estimated at $0.32.

Ethereum Price Analysis – ETH/USD

ETH/USD

The third largest cryptocurrency, Ethereum which was erstwhile enjoyed its second position having its current market cap stands at the level of -$9,794,847,027, 04:07 UTC on December 10 has applied nose-dived approach in current value which is slashed by 57.9% relative to November 06 due to the strong bearish pressure and competitive forces which can be analyzed from the graph above.

Let us have a look at the technical picture of the ETH/USD pair as follows:

As we can analyze that the ETH/USD currently traded below EMA representing “Downtrend” in the market. With this, the declining EMA signals a negative sign. Amid this, the 14-day RSI has hit deeply oversold levels, which suggests that selling has been overdone and a pullback is likely. The falling 20-day EMA and the RSI in the oversold territory show that the bears have the upper hand. With the ETH remains in a bearish trend in its medium-term outlook and the current RSI has declined deep into the oversold territory, which suggests a pullback is around the corner. While no bullish patterns that indicate a buy, hence, it is best to remain on the sidelines. Traders should wait for the trend to reverse and a bottom to form before executing any long positions in it. Let us not forget that those are Ethereum lovers, the current fall offers an excellent opportunity to invest in the long term. Since ETH remained range bound from September 12 to October 14 this year, the cryptocurrency rallied from a low of $183 to a high of $243 which is a 32.7 percent return within 33 days. The next support level can be estimated at $93.

Stellar Price Analysis – XLM/USD

XLM/USD

The fourth largest cryptocurrency, Stellar having its market cap stands at the level of $2,372,150,478, 04:07 UTC on December 10 has dropped in current value by 56.15% relative to November 11 due to the strong bearish pressure and competitive forces which can be analyzed from the graph above.

Let us have a look at the technical picture of the XLM/USD pair as follows:

As we can analyze that the XLM/USD currently traded below EMA representing “Downtrend” in the market. With this, the declining EMA signals a negative sign. Amid this, the 14-day RSI has hit deeply oversold levels, which suggests that selling has been overdone and a pullback is likely. The current price range has already come back from attaining its lower price range category. The falling 20-day EMA and the RSI in the oversold territory show that the bears have the upper hand. Let us not forget that the XLM remains in a bearish trend in its medium-term outlook. However, the current RSI has declined deep into the oversold territory, which suggests a pullback is around the corner. While no bullish patterns that indicate a buy, hence, it is best to remain on the sidelines. The 20-day EMA is slopping down, and the RSI is in the oversold territory, which shows that the balance is tilted in favor of sellers. Those who would like to invest their capital, the current fall offers an excellent opportunity to invest in the long term. Since XLM remained range bound from October 11 to November 09 this year, the cryptocurrency rallied from a low of $0.204 to a high of $0.282 which is a 38 percent return within 29 days. Since XLM stayed in the range of $0.205–$0.281 from October 11 to November 20 as interpreted from the above graph, since then the bears broke below it and experienced continuously downward till date, however, we can say that the bulls succeed in rising and sustaining above the current resistance level and start trading above the EMA, an investor’s sentiment will be likely to buy more of the currency thereby creating the new price range. The next support level can be estimated at $0.122.

Tether Price Analysis – USDT/USD

USDT/USD

The fifth largest cryptocurrency, Tether with the current market cap stands at the level of $1,888,151,458, 04:07 UTC on December 10 soaring high in current value by 2.69% relative to the level of December 05 due to the investors’ sentiment once again back in the bullish mood.

Let us have a look at the technical picture of the USDT/USD pair as follows:

While analyzing the graph above, we can estimate that the investors’ sentiment is in full fledge to gain more out of this currency as it started soaring high while attaining fluctuating trends in recent past. Since USDT remained range bound from October 16 to December 08 this year, the cryptocurrency rallied from a low of $1.00047 to a high of $1.0885 which is an 8.79 percent return within 53 days. The next support level can be estimated at $1.020.

Bitcoin Cash Price Analysis – BCH/USD

BCH/USD

The sixth largest cryptocurrency, Bitcoin Cash with the current market cap stands at the level of $1,882,457,952, 04:07 UTC on December 10 has declined in current value by 83.27% relative to November 06 due to the macro fundamentals which are highly fluctuated and the strong bearish pressure as analyzed from the graph above.

Let us have a look at the technical picture of the BCH/USD pair as follows:

As we can analyze that the BCH/USD currently traded below EMA representing “downtrend” in the market. With this, the declining EMA shows a negative sign. Amid this, the 14-day RSI has hit deeply oversold levels, which suggests that selling has been overdone and a pullback is likely. The falling 20-day EMA and the RSI in the oversold territory show that the bears have the upper hand. The BCH remains in a bearish trend until it bounces off its current level. However, the current RSI has declined deep into the oversold territory, which suggests a pullback is around the corner. While no bullish patterns that indicate a buy, hence, it is best to remain on the sidelines. With this, traders should wait for the trend to rebound before initiating any long positions in it. The 20-day EMA is slopping down, and the RSI is in the oversold territory, which shows that the balance is tilted in favor of sellers. Those who are inclined to invest in this cryptocurrency, the current fall offers an excellent opportunity to invest in the long term. Since BCH remained range bound from October 11 to November 06 this year, the cryptocurrency rallied from a low of $421 to a high of $642 which is a 52.49 percent return within 26 days. Now that BCH stayed in the range of $411–$631 from September 16 to November 14 as interpreted from the above graph, since then the bears broke below it and experienced continuously downward till date. However, we can say that the bulls succeed in rising and sustaining above the current resistance level and start trading above the EMA, an investor’s sentiment will be likely to buy more of the currency thereby creating the new price range. The next support level can be estimated at $110.

EOS Price Analysis – EOS/USD

EOS/USD

The seventh largest cryptocurrency, EOS having its market cap that stands at the level of $1,807,361,017, 04:07 UTC on December 10 has experienced steep downtrend in current value by 64.9% relative to November 06 as analyzed from the graph above.

Let us have a look at the technical picture of the EOS/USD pair as follows:

As we can analyze that the falling 20-day EMA and the RSI in the oversold territory show that the bears have the upper hand. With this, the EOS/USD currently traded below EMA representing “downtrend” in the market. With this, the declining EMA signals a negative sign. Amid this, the 14-day RSI has hit deeply oversold levels, which suggests that selling has been overdone and a pullback is likely. The EOS remains in a bearish trend in its medium-term outlook. However, the current RSI has declined deep into the oversold territory represent the fact that pullback is around the corner. While no bullish patterns that indicate a buy, hence, it is best to remain on the sidelines. The 20-day EMA is slopping down, and the RSI is in the oversold territory, which elaborates that the market is tilted in favor of sellers. Since EOS remained range bound from October 12 to November 05 this year, the cryptocurrency rallied from a low of $5.12 to a high of $5.86 which is a 14.45 percent return within 24 days. The next support level can be estimated at $2.08.

Bitcoin SV Price Analysis – BSV/USD

BSV/USD

The eighth largest cryptocurrency, Bitcoin SV with its current market cap stands at the level of $1,759,194,712, 04:07 UTC on December 10 has experienced a dramatic trends where its current falls by 5.55% relative to November 26, and dipped by 26.6% relative to November 17.

Let us have a look at the technical picture of the ETC/USD pair as follows:

If we analyze the BSV/USD pair, it seems that the current value may create a new price range above the EMA representing the uptrend in the market that helps investors gain more in value. Since BSV remained range bound from November 23 to November 26 this year, the cryptocurrency rallied from a low of $39.94 to a high of $124 which is a 217 percent – an extraordinary return within six days. The next support level can be estimated at $100.

Litecoin Price Analysis – LTC/USD

LTC/USD

The ninth largest cryptocurrency, Litecoin with the current market cap stands at the level of $1,523,889,613, 04:07 UTC on December 10 has plunged in current value by 55% relative to November 06 due to the strong bearish pressure and competitive forces which can be analyzed from the graph above.

Let us have a look at the technical picture of the LTC/USD pair as follows:

As we can analyze that the LTC/USD currently traded below EMA representing “downtrend” in the market. With this, the declining EMA signals a negative sign. Amid this, the 14-day RSI has hit deeply oversold levels, which suggests that selling has been overdone and a pullback is likely. The falling 20-day EMA and the RSI in the oversold territory show that the bears have the upper hand. Since we can observe that ETC remains in a bearish trend in for the time being until it reaches the new price level above EMA. However, the current RSI has declined deep into the oversold territory, which suggests a pullback may be expected soon. The 20-day EMA is slopping down, and the RSI is in the oversold territory, which shows that the balance is tilted in favor of sellers. Those who want to invest in this currency, the current fall offers an excellent opportunity to invest in the long term. Since LTC remained range bound from September 18 to October 15 this year, the cryptocurrency rallied from a low of $50.85 to a high of $61.32 which is a 20.58 percent return within 27 days. While the LTC stayed in the range of $48.9–$57 from October 29 to November 13 as interpreted from the above graph, since then the bears broke below it and experienced continuously downward till date, the next support level can be estimated at $24.

Tron Price Analysis – TRX/USD

TRX/USD

The tenth largest cryptocurrency, Tron having its market cap stands at the level of $893,455,698, 04:07 UTC on December 10 has experienced descending bottom in current value by 44.7% relative to November 06 as the strong bearish pressure and competitive forces have caused a drop in present value.

Let us have a look at the technical picture of the TRX/USD pair as follows:

Since the TRX/USD currently traded below EMA representing “downtrend” in the market. With this, the declining EMA shows a negative sign. The falling 20-day EMA shows that the bears have the upper hand. Let us not forget that the TRX remains in a bearish trend in its medium-term outlook as no bullish patterns that indicate a buy, hence, it is best to remain on the sidelines. With this, traders should wait for the trend to reverse and a bottom to form before initiating any long positions in it. Let us not forget that the TRX remained range bound from September 18 to October 15 this year, and the cryptocurrency rallied from a low of $0.0185 to a high of $0.0279 which is a 50.8 percent return within 27 days. While the TRX/USD pair stayed in the range of $0.020–$0.024 from October 11 to November 14 as interpreted from the above graph, since then the bears broke below it and experienced continuously downward till date. The lower price range as analyzed from the graph represents the scenario more precisely. However, we can say that the bulls succeed in rising and sustaining above the current resistance level and start trading above the EMA, an investor’s sentiment will be likely to buy more of the currency thereby creating the new price range. The next support level can be estimated at $0.012.

Cardano Price Analysis – ADA/USD

ADA/USD

The eleventh largest cryptocurrency, Cardano with the current market cap stands at the level of $813,884,625, 04:07 UTC on December 10 has declined in current value by 61% relative to the level of November 06 as interpreted from the graph above.

Let us have a look at the technical picture of the ADA/USD pair as follows:

As we can interpret that the ADA/USD currently traded below EMA representing “Downtrend” in the market. So much so that the declining 20-day EMA signals a negative sign. Amid this, the 14-day RSI has hit deeply oversold levels, which suggests that selling has been overdone and a pullback is likely. The falling 20-day EMA and the RSI in the oversold territory show that the bears have the upper hand. Let us not forget that the ADA remains in a bearish trend since the major pullback observed. However, the current RSI has declined deep into the oversold territory, which suggests a pullback is around the corner. While no bullish patterns that indicate a buy, hence, it is best to remain on the sidelines. It seems that the 20-day EMA is slopping down, and the RSI is in the oversold territory, which shows that the balance is tilted in favor of sellers. Those who believe in the story of a crypto world, the current fall offers an excellent opportunity to invest in the long term. Since ADA remained range bound from October 15 to November 06 this year, the cryptocurrency rallied from a low of $0.0660 to a high of $0.0808 which is a 22.42 percent return within 22 days. The next support level can be estimated at $0.030.

Monero Price Analysis – XMR/USD

XMR/USD

The twelfth largest cryptocurrency, Monero having its market cap stands at the level of $788,595,918, 04:07 UTC on December 10 has extended a drop in current value by 59% relative to the level of November 06 due to the strong bearish pressure and competitive forces which can be analyzed from the graph above.

Let us have a look at the technical picture of the XMR/USD pair as follows:

The declining EMA signals a negative sign, and besides this, if we analyze the XMR/USD currently traded below EMA representing “Downtrend” in the market. While the 14-day RSI has hit deeply oversold levels, which suggests that selling has been overdone and a pullback may be expected soon. Let us not forget that the XMR remains in a bearish trend in its medium-term outlook. However, the current RSI has declined deep into the oversold territory, which suggests a pullback is around the corner. While no bullish patterns that indicate a buy, hence, it is best to remain on the sidelines since the 20-day EMA is declining significantly representing that the balance is rested in favor of sellers. Since XMR remained range bound from September 13 to October 14 this year, the cryptocurrency rallied from a low of $104 to a high of $124 which is a 19 percent return within 31 days. The ETC stayed in the range of $102–$115 from October 11 to November 14 as interpreted from the above graph, since then the bears broke below it and experienced continuously downward till date. However, we can say that the bulls succeed in rising and sustaining above the current resistance level and start trading above the EMA, an investor’s sentiment will be likely to buy more of the currency thereby creating the new price range. The next support level can be estimated at $46.