The massive upward movement of cryptocurrencies in 2017 has not passed unnoticed. Participants at the World Economic Forum (WEF) in Davos are interviewed about cryptocurrencies and Cointelegraph was one of the leading voices representing fraternity.

Traditional investors are still unwilling to accept the growing influence of fraternity. cryptocurrencies and push for stricter regulation. Nordea Bank recently banned its employees from owning Bitcoin until 28 February. However, this movement faces strong opposition from the big unions.

Even fears of a ban on cryptocurrency by South Korea's move. Finally, the Korean government has only banned traders from using anonymous bank accounts for cryptocurrency trading.

Conventional investors and regulators do not understand that these types of bans should not hurt the popularity of cryptocurrencies.

BTC / USD

Bitcoin is currently in the no man's land. He is facing resistance to the downtrend line. If the bulls manage to get out of this resistance, one can expect a rally towards the two downtrend line. Aggressive traders can trade this decline.

<img alt=" BTC / USD "src =" https://cointelegraph.com/storage/uploads/view/7fe97c9610d8c89c22d0bbbbd099f8ee.png "title =" BTC / USD "/> Others should wait confirmation of background training because, if the bulls fail to maintain themselves above the downtrend line, the probability of a breakdown of $ 10,000 increases

With the price below both the 20-day EMA and the 50-day EMA, the trend remains at the limit of the range.

The downward trend will reaffirm if the price So, swing traders should wait and watch the next few days to see the downtrend before taking long positions.

ETH / USD

Ethereum is down in an uptrend, because it is still above the EMA at 20 days and the SMA at 50 days.In general, it is now on the uptrend line, which is another positive sign.

<img alt=" ETH / USD "src =" https://cointelegraph.com/storage/uploads/view/4b53717e6201c063b2206adf50c58b82.png "title =" ETH / USD "/> But the EMA's 20 days flattened, indicating a range trading action for the next few days. Range support is expected to be $ 900, while resistance will be $ 1,160.

The ETH / USD The pair will become negative only after the break in the 50-day SMA and trend line, which is $ 845

Long positions for the medium term can be initiated on $ 1000 troughs, with a stop loss We believe that if the SMA at 50 days is maintained, the cryptocurrency will try to resume its uptrend and rally to the heights, which is risky, so keep the size of the small position.

BCH / USD

Traders, both bulls and bearish, do not care much about Bitcoin Cash, which makes that they are trading in a small range since 23.

<img alt=" BCH / USD "src =" https: / /cointelegraph.com/storage/uploads/view/5e3230e1cf98658bd1a64be4e7bf3d97.png "title =" BCH / USD "/> Support on the decline exists at the January 17 low of $ 1,364.9657. On the upside, as moving averages have finished the bearish cross, the 20-day EMA is likely to act as a resistance. In addition, the levels of $ 2,072 and the downtrend line will also act as a strong resistance to overhead

We do not find any negotiable configurations on the BCH / USD pair

XRP / USD

Ripple formed a Doji candlestick pattern on both January 23 and January 24. Even the action on prices is currently pointing to a very small day of reach

<img alt=" XPR / USD "src =" https://cointelegraph.com/storage/uploads/view/247a91b1c82a2f40567072492dfe5c63. png "title =" XPR / USD "/> As expected in our previous analysis, the XRP / USD pair should remain between $ 0.87 and $ 1.74 A trading opportunity will only appear if the range are maintained or if the cryptocurrency comes out of overhead resistance We should wait until then.

IOTA / USD

The range of IOTA has been narrowed for two days and formed successive candlestick patterns on January 23 and January 24. Today, o resume the downtrend

<img alt=" IOT / USD "src =" https: // cointelegraph.com/storage/uploads/view/921e7682a352bdb0981a1b10914b6170.png "title =" IOT / USD "/> On the downside, the backing n exists at levels of $ 1,9232. If that breaks, the IOTA / USD pair can extend its losses to the low of $ 1.1 on December 22nd.

The first signs of a recovery will be visible once the broken price of $ 3,032 and the bearish trend line of

If support and resistance levels above the head are correct, we will see perhaps a few days of play.

LTC / USD

Litecoin held up the critical support level of $ 175,199. However, the rebound has no strength, which shows a lack of interest for buyers.

<img alt=" LTC / USD "src =" https://cointelegraph.com/storage/uploads/view/ If the bears manage to break the supports, a drop to $ 140,001 is likely

On the other hand, the first signs of recovery will be on a break above the $ 215 levels.

Aggressive traders can buy the LTC / USD pair at $ 187, which is just above the high of the last two days. The stop loss for the trade can be kept at $ 163 and the target target is 215.

However, it is a very risky trade, therefore, please place it with less than 50% of the usual allowance.

XEM / USD

NEM's maintained at 0.86 levels in recent days, but bulls are unable to push prices above the downtrend line.

<img alt=" XEM / USD "src =" https: //cointelegr aph.com/storage/uploads/view/280579d880c4213ceb24e120be147f54.png "title =" XEM / USD "/> This should lead to another decay attempt of $ 0.86 in a few days If the declines occur, a decline of $ 0.55134 lows is likely.The 20-day EMA has dropped and is likely to cross a bearish crossover if support breaks

We find no bullish pattern on the XEM / USD pair with prices lower than the trend line and the two moving averages.A trend change will be reported once it is hoisted above $ 1.21

ADA / BTC

Cardano is again attempting to release 0.00006 levels, and if successful, is likely to rally to the resistance of head at 0.00006915 A very short-term trader can buy at 0.00006 with a stop loss of 0.00005 It is a risky business, therefore, please try with less than 50 percent of the size of the usual position.

<img alt=" ADA / BTC "src =" https://cointelegraph.com/storage/uploads/ view / 044d35f33c4ce17f0095bee22ccdc21b.png "title =" ADA / BTC "/> Swing traders should wait for a break 0.00006915 levels to initiate long positions We believe that if the sentiment becomes bullish for cryptocurrencies, the pair ADA / BTC it is difficult to break the head resistance and can again go down to 0.000047 to 0.000049, this which can be a good level to initiate long positions.