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When markets are bullish, many traders focus only on high target levels. This leads to a feeling of exclusion among those who missed the rally, and they rush to buy at high levels. This results in a huge loss of capital for uninformed traders.

The opposite works when the market goes down. We are beginning to hear bearish voices with analysts predicting the apocalypse and novice traders are scared and empty their holdings. They buy when they should sell and sell when they should buy

Therefore, it is always better to take these forecasts with a pinch of salt. We, therefore, avoid giving unrealistic target levels to our readers and try to keep them on the right side of the trade.

BTC / USD

In our previous analysis, we predicted that Bitcoin would drop by $ 13,202 and that's what happened. Cryptocurrency totaled $ 12,988.89 on January 20th. He is currently retesting the critical support area from $ 10,704.99 to $ 9,300.

<img alt=" BTC "src =" https://cointelegraph.com/storage/uploads/view/84e5a95ebf4f082b1a2a84a712bfea28.png "title =" BTC "/>

These past two days Si this level holds, we could see another fallback attempt, which will only become positive in the short run when the BTC / USD pair comes out of the downtrend line 1.

This trade should be made with only 50 percent allowance because on the upside, Bitcoin will face resistance to the neck of the head and shoulders and downtrend line 2.

On the downside, a break of $ 10,000 is likely to hurt the sentiment, resulting in a drop to $ 8,000

ETH / USD

We had forecast a rally at $ 1174.36, which is the level of Fibonacci retracement of 61.8% from the recent fall of $ 1,424 to $ 770 and Ethereum reached $ 1,160 on Jan. 20. [194] 59009]

<img alt=" ETH "src =" https://cointelegraph.com/storage/uploads/view/06bb975975b3a206f003d7a95664448d.png "title =" ETH "/>

The price is back to support of the trend line, which has been providing strong support since December 10th.

The bulls have tried to maintain support for the trend line in the past two days. We think the support area between $ 900 and $ 845 is likely to be heavily defended by bulls. The ETH / USD pair will indicate a change in trend after the break in the downtrend line.

If the support area mentioned above breaks down, the decline can reach $ 770. We do not find any configuration of purchase; therefore, we do not suggest any exchange on this subject.

BCH / USD

In our previous analysis, we anticipated the return of Bitcoin Cash at $ 2,072, and it amounted to $ 2,112.11 on January 20th.

<img alt=" BCH "src =" https://cointelegraph.com/storage/uploads/view/7dc0622888a069f41ad72da1514c3096.png "title =" BCH "/>

The moving average has ended a bearish cross, and the price is quoted below the EMA at 20 days and the ASM at 50 days, which is advantageous for the bears If the recent depressions test at $ 1364.96 fails, a fall to $ 1194 is likely

If the bulls defend the For the levels of $ 1364.96, the pair BCH / USD should extend over a few days

As the trend is still down, we do not suggest any exchange.

XRP / USD

Ripple returned from the 20-day EMA on January 18. He currently has support at of $ 0.87.

<img alt=" XPR "src =" https://cointelegraph.com/store/ download / s / view / 878b24521b7369894619f912e7c6a966.png "title = "XPR" />

We believe the XRP / USD will become range for the next few days between $ 0.87 support and $ 1.74 resistance.

We must wait for a break above air resistance to initiate long positions. On the downside, although we were expecting the $ 0.87 hold, it might be reasonable to expect a rebound before buying. As trading inside the range is likely to be volatile, we will only try to buy closer to the brackets.

IOTA / USD

We had mentioned that $ 3,032 is the critical level for IOTA and that if we do not manage to overtake it, it will attract another sales episode and that's what happened.

<img alt=" IOTA "src =" https://cointelegraph.com/storage/uploads/view/cc75793c34184ad91cafd0fc5b2814a9.png "title =" IOTA "/>

Cryptocurrency is currently trying to If the bearers manage to bring down this support, a fall to the December 22nd low of $ 1.10 is likely.

If the bulls hold the $ 1,923 levels, the IOTA / USD pair is should become positive only if the price comes out of the downward trend line of the descending triangle.

LTC / USD

Litecoin exceeded $ 205, but we were unable to reach $ 225, as we had planned, it went from $ 214.48 on January 20.

<img alt=" LTC "src =" https: //cointele graph.com/storage/uploads /view/3928672581985f436062a9e1ccc34af7.png "title =" LTC "/>

The bears are trying to break the critical support level of $ 175.19. If successful, a drop to $ 140 is likely

In the short term, the first bullish sign will be when the LTC / USD will shed $ 215. Currently, we do not find any trade in place.

XEM / USD

On January 20 and January 21, bulls could not bear above the downtrend line. As a result, NEM has resumed its decline.

<img alt=" XEM "src =" https://cointelegraph.com/storage/uploads/view/97d958c6ce8e32f0ef1edb1393422c03.png "title =" XEM "/>

At the Currently, the bulls are trying to maintain the level of $ 0.86, but if the break occurs, a drop of $ 0.551 from the January 16th low is likely

The first bullish signs will be when the price will come out levels of $ 1.21

We can not find any commercial configuration on the XEM / USD pair.

ADA / BTC

Cardano could not get out of the levels 0.00006, it should now gradually fall to support levels of 0.000047, and after that to 0.00004070.

<img alt=" ADA "src =" https://cointelegraph.com/storage/uploads/view/206e7c80f513da0a9916f55b92a73642. png "title =" ADA "/>

For the next few days we expect the ADA / BT pair C remains tied 0.00004070 down and 0.00006915 up

We will wait for the pair to bounce back from one of the support levels before initiating a trade. At current levels, we find no bullish pattern

Schemes for Analysis are provided by TradingView