December 1, 2020

Cryptheory

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Market overview 24.2. | [BTC] + 2.45% [ETH] + 3% [ADA] + 4.3% [XRP] + 1.9% The market has started

2 min read
Market overview 24.2. | [BTC] + 2.45% [ETH] + 3% [ADA] + 4.3% [XRP] + 1.9% The market has started

overview of terms

Today we look at Bitcoin, who showed the pump to $ 10,000. Cardano went through hardfork and its value bounced off the bottom. Ethereum is found in strong resistance, if overcome, it can create top values ​​over a period of more than a year.

 

At present, the crypto market has a total market value of USD 287 billion. Bitcoin, like the whole market, has grown slightly. Bitcoin recorded growth of $ 250 and bitcoin dominance is 62.7%.

 

The best growth yesterday was:

Aion

 

Aion (AION) $0,163199 USD (13,82%)

 

AION was followed by :

Lisk

 

Lisk (LSK) $1,60 USD (13,22%)

 

OKB

 

OKB (OKB) $6,48 USD (12,84%)

 

THETA

 

THETA (THETA) $0,142970 USD (10,70%)

 

Status

 

Status (SNT) $0,019271 USD (10,49%)

 

Blockstack

 

Blockstack (STX) $0,169765 USD (8,45%)

 

The biggest drop was recorded:

Hedera Hashgraph

 

Hedera Hashgraph (HBAR) $0,042957 USD (-6,75%)

 

Cosmos

 

Cosmos (ATOM) $4,81 USD (-3,69%)

 

Swipe

 

Swipe (SXP) $1,15 USD (-2,96%)

 

All datas are from coinmarketcap.com

 

[BTC / USD] In 2020 to present value: +39.43%

 

Bitcoin got shortly to $ 10,000 yesterday and we’re currently at $ 9,600 and we don’t change our prediction. We think Bitcoin follows the fractal similarity from the previous cycle, and we predicted growth from $ 9,500 to $ 10,500. We are currently at $ 9,600 and the movement is still coming out. At the same time, BTC has created a huge cup and handle model since the new year. The nearest support will still be at $ 9,500, with resistance expected at $ 10,300 – $ 10,700. Yesterday we added 2.45% to the plus.

 

Market overview 24.2. | [BTC] + 2.45% [ETH] + 3% [ADA] + 4.3% [XRP] + 1.9% The market has started

 

[ETH / USD] In 2020 to present value: +111%

 

Yesterday’s $ 259 bull opening candle returned ETH to the upper resistance zone. ETH / USD continues to rise to $ 260, which is still in the upper resistance area.

 

The price is higher than the resistance level when her wick touches the EMA-9, indicating a rise in the Etherea price.

 

However, the stochastic signal points down in approximately 65% ​​of the overbought range, suggesting that Etherea’s price may face a reversal in the medium term (probably in the near days).

 

Market overview 24.2. | [BTC] + 2.45% [ETH] + 3% [ADA] + 4.3% [XRP] + 1.9% The market has started

 

[ADA / USD] In 2020 to current value: +91.95%

 

ADA has a current value of $ 0.061 and its price, which is currently in the resistance area, is rising. The price revolves around two EMAs. The stochastic oscillator signal points up to 6% in the oversold area, indicating increasing momentum.

 

Today’s 4-hour session began today with the creation of a bull candle at $ 0.061 in resistance. More on ADA / USD we wrote in a separate analysis on Sunday. ADA has successfully completed hardfork.

 

Market overview 24.2. | [BTC] + 2.45% [ETH] + 3% [ADA] + 4.3% [XRP] + 1.9% The market has started

 

[XRP / USD] In 2020 to current value: +48.36%

 

Ripple successfully bounced to $ 0.26. We are currently at $ 0.28, and as we can see in the graph, the blue support line will be important. The XRP will again have the $ 0.30 resistance it has already broken and I expect that if Bitcoin retains $ 10,000, the XRP will grow again. The assumption is definitely there. XRP growth has room for closest resistance to $ 0.38. It grew by 1.9% yesterday.

 

Market overview 24.2. | [BTC] + 2.45% [ETH] + 3% [ADA] + 4.3% [XRP] + 1.9% The market has started

 

Thank you for taking the time to review the market today.

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