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Cryptocurrencies have generated wealth for traders like no other asset class. Although Bitcoin has attracted attention, it is not the only one to have increased in 2017. There have been dozens of winners.

Ethereum was the second major currency to overtake Bitcoin as the dominant market leader. year;

However, in the last two weeks, Ripple has climbed from $ 0.22 on December 10 to $ 2.47 today. It's a huge rally of 1024 percent in the space of 20 days.

As a result, Ripple has now overtaken Ethereum as the second most valuable currency in terms of market capitalization.

The domination of Bitcoin The rise of more than 60% just a few weeks has again cooled to 38.3%

As the market evolves, we are likely to see a number of changes in the ranking of these currencies. Therefore, one must keep an open mind towards all cryptocurrencies because as traders; Our main goal is to make money.

So, do we have good shopping arrangements for the end of the year or is it better to stay on the sidelines and enjoy the holidays, returning to the trade in the new year? Let's go outside.

BTC / USD

We were expecting a decline in the trend line, however, due to the lack of buyers, the recovery has never taken the strength. Today, bears easily break below trend line support, which has increased sales.

<img alt=" BTC / USD "src =" https://cointelegraph.com/storage/uploads/view/78de229d4556da613639f0bbc744790d.png "title =" BTC / USD "/> Bitcoin has broken the l & # 39; neck of the head down and the shoulders of boss.If the cryptocurrency supports under the neckline, it has a target of $ 5,745.

However, we do not expect to see such a

We believe the bulls will try to defend the recent lows of $ 10,704.99, but if they fail, the bearish ones will likely intensify their sale. long will start to bleed, which will probably lead to the sale of panic.We see another support at the mark $ 8,000

All these lower levels will come into play only if the pair BTC / USD breaks and subsists under the MMA 50 days

On the contrary, if the bears are unable to break the 50- SMA day, we can see a recovery in the new year. However, we prefer to wait until the digital currency detaches from the downtrend line to take a position. We do not find any transactions at current price

ETH / USD

We mentioned that Ethereum would become positive in the short term only in case of break and close above the line downtrend. Yesterday, the bulls broke away from the trend line, but they were not able to get close to it.

<img alt=" ETH / USD "src =" https://cointelegraph.com/storage/uploads/view/e41173242e741a57263a46b4f6f7ecf1. png "title =" ETH / USD "/> In contrast, the 20-day EMA has provided strong support, if this level of support were to fall, we could see a slide to 646.08 dollars then 600 dollars. ETH / USD pair will become positive above $ 770 because it has returned levels of $ 760 three times

Between 20-day EMA and $ 760, we will likely attend to a volatile action

Therefore, we suggest waiting until we get a clear break and a confirmation of the resumption of the uptrend.

BCH / USD

In the last two days, the bulls had defended the $ 2300 mark, but their attempt to resume the rally failed yesterday.

<img alt=" BCH / USD "src =" http s: // cointelegraph.com/storage/uploads/view/edf6855a9e6b44c89d083b331a2cf1c6.png "title =" BCH / USD "/> Today, the or rs broke the critical support level of $ 2300. The next downward target on the BCH / USD pair is a 50-day fall to the SMA

We expect a strong buy around levels of $ 1733. Nevertheless, we recommend waiting until there is a clear background in sight

Remember to avoid buying in a falling market.

XRP / USD

Ripple exceeded our initial target of $ 1.5. Today, it has reached an intraday high of $ 2,474

<img alt=" XRP / USD "src =" https://cointelegraph.com/storage/uploads/view/212ca90755bbc315635e374c791e15f5.png "title = "XRP / USD" /> Traders who bought on our bullish prediction should close their positions or at least follow with a stop-stop based on their strategy.

After such a stellar rally, we expect that the XRP / USD pair enters into a correction or consolidation.Therefore, we have no new purchase recommendations on it.

IOTA / USD

The bulls have been successfully maintained at the lower end of the range at $ 3,032 for the last few days, but they have not been able to push the cryptocurrency higher.

<img alt=" IOT / USD "src =" https://cointelegraph.com/storage/uploads/view/ 0b97bc39e22e1c 9014b710c849ba230f.png "title =" IOT / USD "/> Today, the IOTA / USD pair is once again under a bear attack, which threatens to break below the critical Port. If the bears succeed, the cryptocurrency will fall to the 61.8% Fibonacci retracement level of $ 2,662196

Yet, if the bulls manage to maintain the supports once again today, IOTA will continue to trade within the range. We will initiate buying positions only on a break and close over the downtrend line. Until then we will remain on the sidelines

LTC / USD

Bears broke under the neck of the head and shoulders. Unless the bulls stage is recovering sharply today, it is likely that Litecoin will continue to decline in the coming days.

<img alt=" LTC / USD "src =" https://cointelegraph.com/storage/uploads/view/9fd272df3e723dc9e3adca3b12b112b6.png "title =" LTC / USD "/> We expect strong support from The SMA 50 days is also just below this level, which should also provide some support.

However, if these two levels do not hold, the LTC / USD will fall to $ 110, which is The target goal of the boss's head and shoulder fracture

Our bearish view will be invalidated if the bulls manage to push the digital currency over the neck at $ 240

DASH / USD

These last two days, the bulls have managed to keep the EMA for 20 days, but today, the bears have broken under the support of the moving average.

<img alt=" DASH / USD "src =" https://cointelegraph.com/storage/uploads/view/f671602d5606e269a9a 53a3c8e406ca8.png "title =" DASH / USD "/> Dash has strong support for the trend line. We expect the bulls to strongly defend this level.

Although we refrained from buying until we got confirmation of a background training, the pair DASH / USD may fall to $ 800 and then to $ 650

XMR / USD

We expected a trading action related to the range in Monero. Despite this, the bears took control and broke below the 20-day EMA today, which is a bearish development.

<img alt=" XMR / USD "src =" https://cointelegraph.com/storage/uploads/view/3c0c2281dd2c5f6652f0d69e7b58dda1.png "title =" XMR / USD "/> Immediate support on Monero is at $ 300.If this level breaks down, we should see the decline extend to the latest lows of $ 245.1 The Fibonacci retracement level of 61.8% is $ 230.66

We expect strong support in this area.The fall is stopped

When the markets are in a fist, it is wise to wait for the decline to end , instead of being brave and trying to catch a falling knife

Market Data is provided by TradingView

Note of the author

A word about The exchanges used for our analysis in view of the growing number of questions

We follow different exchanges for cryptocurrencies. You can see the name of the exchange in the upper left corner of each chart (marked with an ellipse in the table below).

<img alt=" XEM / USD "src =" https://cointelegraph.com/storage/uploads/view/9927d6654d6765a8d9a646fe3433e326.png "title =" XEM / USD "/>