Market Review. Results of the Day. Day Off. 01/19/2018

January 20, 2018

Market Review. Results of the Day. Day Off. 01/19/2018

Changes (24h):

BTC $1,261

ETH $1,027

XRP $1.5

BCH $1,726.20

 

Trading activity falls on Fridays. Prices of main cryptocurrencies fell after a strong upward correction. XRP is the leader of the fall.


Technical analysis.

Two days of falling, one day of correction and one day to rest. Cryptocurrency market is very mobile and continuation of high volatility is the most possible scenario. However, one must understand that this will not continue for a long time. Sooner or later, the market will go into a lengthy flat, so we must take advantage of current market opportunities and take profits after strong falls.

BTC support level is $10,800, resistance level is $12,000. Target is $9,000

ETH support level is $1,000, resistance level is $1,100. Target is $750

BCH support level is $1,681, resistance level is $1,825. Target is $1,400

XRP support level is $1.52, resistance level is $1.70. Target is $0.86

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