Wide correction Bitcoin continued to dominate the market throughout the weekend, as the most valuable coin drifted in the outset above the main technical level of $ 13,000, reducing trading volumes.
Bitcoin remains in the shortening of the short-term model, although the coin is still well above the minima of the December mini-failures. We still expect that the largest coin will complete the current cycle with a move below the lows of the fall and a level of $ 10,000 after the stellar rally of previous months. The main support is still at around $ 13,000, and further levels are $ 11,300, $ 10,000, $ 9,000 and higher levels of $ 8,200 and $ 7,700.
BTC / USD, analysis of the 4-hour chart
Ethereum and NEO were among the stellar coins. Ether today is still trading near its recent record level. The price of ETH is moving in a short-term uptrend, in the face of extended dynamics, but we expect a significant correction in the near future, and long-term investors should wait for more favorable technical adjustments before entering new positions, with key support levels of $ 1,000, $ 850, $ 740, $ 625 and $ 575.
ETH / USD, analysis of the 4-hour chart
Meanwhile, Ripple remained under strong selling pressure, as the oversold output rebound disappeared, and the coin sank again last week. As the short-term downtrend remains intact, traders should stay away from entry into new positions, while investors should wait for a short-term sell-off towards major support levels of $ 1.50, $ 1.25 and $ 0.85 to add to their stocks.
XRP / USDT, analysis of the 4-hour chart
LTC / USD, analysis of daily charts
Litecoin is located today after a brief spike above the resistance zone of $ 250 - $ 260, which recently limits the price of coins. The coin remains in a wide remedial scheme, and one more foot is lower in the composition, at least with a repeated accident check, close to $ 180. The key support levels are lower, which are still at $ 125 and $ 100.
DASH / USD, analysis of the 4-hour chart
In recent days, the DASH has been relatively weak, fluctuating today at around $ 1,000, still within the broad correction. Despite the fact that the long-term outlook is neutral, we expect further corrective price action taking into account the level of the previous rally with a possible failure below the key support zone in the range from $ 800 to $ 850. Additional support is found at levels of about $ 600, $ 500, $ 470 and about $ 410.
ETC / USD, analysis of the 4-hour chart
Ethereum Classic is one of the few bovine exceptions due to the ongoing correction, as the coin reached a new record high for the weekend, and is still trading today at around $ 40. The currency still faces a long-term risk of correction, and we expect , that one more flying leg will be lower as the wide correction in the segment is completed. Strong support levels are still at $ 34, $ 30, $ 23 and $ 18.
XMR / USD, analysis of the 4-hour chart
Today Monero also refers to relatively strong top-notch violas, and the coin stays at a key $ 400 level, within the range that developed after the mini-collapse. We still expect that the correction will continue and bear a coin below the $ 300 level in the coming weeks. Other important support levels are $ 335, $ 240, $ 200, $ 180 and $ 150.
NEO / USDT, analysis of the 4-hour chart
NEO continues to trade in a strong short-term uptrend, despite already shown overbought indicators. Traders still holding positions in the coin should now use tight stop-loss, while investors should stay away from entering new positions. The coin can still be in the short term, but the risk of correction is now high. Significant support levels are now in $ 100, $ 80, $ 64 and $ 56.
IOTA / USD, analysis of the 4-hour chart
IOTA remains within the dominant corrective scheme after re-testing the downward trend. It seems that the coin will go to one more leg in the correction, since the segment as a whole will end, and volatility is likely to rise again. We still expect a relatively early traded bottom in currency compared to other large companies, with strong support levels still at $ 3 and $ 1.5, while Fibonacci support between them is $ 2.35.
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Disclaimer: The analyst owns crypto-currencies. He holds investment positions in coins, but does not participate in short-term or day trading, and does not take short positions of any of the coins.