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Market overview 5.2. | [BTC] -1.2% STOP or can we expect $ 8,700? [XRP] + 7.2% [ICX] + 39% [MONA] -8.5%

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Market overview 5.2. | [BTC] -1.2% STOP or can we expect $ 8,700? [XRP] + 7.2% [ICX] + 39% [MONA] -8.5%

overview of terms

 

Bitcoin added a loss again today and we fell close to nearly $ 9,000. Will the slump in current support stop or can we expect $ 8,700? We will also look at ICON and Ripple, which surprised yesterday with continuing growth.

 

At present, the cryptomarket has a total market value of $ 258 billion. Bitcoin withdrew to $ 9,000 yesterday. The total market this year rose by 39% to top values. BTC dominance declines to 65.2%.

 

The best growth yesterday was:

ICON

 

ICON (ICX) $0,502445 USD (39,05%)

 

ICX was followed by :

Aion

 

Aion (AION) $0,147863 USD (24,34%)

 

aelf

 

aelf (ELF) $0,097426 USD (22,98%)

 

Enjin Coin

 

Enjin Coin (ENJ) $0,135199 USD (19,80%)

 

Lisk

 

Lisk (LSK) $1,22 USD (15,85%)

 

Ren

 

Ren (REN) $0,054162 USD (12,02%)

 

The biggest loss from the top 100 Market Cap yesterday was:

Swipe

 

Swipe (SXP) $1,62 USD (-7,28%)

 

MonaCoin

 

MonaCoin (MONA) $1,76 USD (-8,50%)

 

All datas are from coinmarketcap.com

 

[BTC / USD] In 2020 to present value: 28.76%


Overall, we follow the cup and handle pattern that brought us nearly $ 2,000 in 2020. The closest support we have on 9 050 USD, need to monitor whether the BTC does not stop resp. it will stop, but the point is that it will just for 1-2 days and we continue the plunge. The Bulls will definitely hold this area and the bears will try to send it to $ 8,700, as you can see on the graph. If we do not hold $ 9,050, then must wait for $ 8,700.


We will test the resistance again at $ 9,150 – $ 9,550, so be sure to prepare for it! If we fall in support of $ 8,700, the closest resistance will be $ 9,150, and then $ 9,550 if we overcome this strong area, the road opens to $ 10,300. This situation on the BTC requires doing nothing and waiting for $ 9,050 and then getting ready.

 

Market overview 5.2. | [BTC] -1.2% STOP or can we expect $ 8,700? [XRP] + 7.2% [ICX] + 39% [MONA] -8.5%

 

[XRP / USD] In 2020 to present value: 38.76%

Ripple went up to $ 0.27 yesterday for 7.2%, which is the most from top ten. I hope it will continue after the OTC exchanges have stopped selling so many XRPs. Sales are over and can we grow? Today, 38.7%, for 2020 at the same time a new high yesterday. Looking at the graph, we see a cycle that could lead us to the closest resistance to $ 0.30.

We can see support on the graph in the $ 0.21 – 0.23 area, so XRP has confidence under it, perhaps gaining a larger% that could represent the 3rd most capitalized currency on the cryptomarket.

 

Market overview 5.2. | [BTC] -1.2% STOP or can we expect $ 8,700? [XRP] + 7.2% [ICX] + 39% [MONA] -8.5%

 

ICON (ICX) In 2020 to present value: + 356%

Up to 356% in 2020, so this is an incredible growth for ICX. The day before yesterday, the team updated the roadmap and even this fundament pulled ICX up. Yesterday we added 39%, which is the most of the top 100 capitalization. Hard to find a pattern on ICX, it’s one big candle in 2020. We see the closest resistance at $ 0.69. This year’s growth surpassed the top in 2019, reaching a high of $ 0.48. We are currently moving at $ 0.60.

 

Market overview 5.2. | [BTC] -1.2% STOP or can we expect $ 8,700? [XRP] + 7.2% [ICX] + 39% [MONA] -8.5%

 

MonaCoin (MONA) In 2020 to present value: 111.7%

MonaCoin (MONA) is an open network of peer-to-peer payment systems. MonaCoin is in the top 2 of falls for the second consecutive day, mainly because the previous week has strengthened significantly and now the days of weakening are coming. This year, it has made 111.7% up to date. At the same time, it returned to the top 100 capitalization. ATH reached 06.12.2017 at 20.23 USD. The current value is $ 1.64. Mona is a Japanese project. It is used at home by a number of people in brick-and-mortar stores, where it has built up a fairly decent network of goods / services to buy / sell. Something similar to LTC on payments, only on a much smaller scale in Japan.

 

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

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.
BlackRock (IBIT), the Grayscale Bitcoin Trust (GBTC), Fidelity (FBTC), Ark Invest/21Shares (ARKB), Bitwise (BITB), Franklin (EZBC), Invesco/Galaxy (BTCO), VanEck (HODL), Valkyrie (BRRR), WisdomTree (BTCW), Hashdex (DEFI)

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