The panic that currently prevails in the crypto world, piracy and repression by various governments. In addition, the last part of the rally seemed foamy as traders engulfed crypto-currencies at crazy levels for fear of missing the rally

But when the mainstream media spotlight negative news, investors panic and empty their positions for fear of losing their capital.

Some analysts believe that the cryptocurrency bubble has burst, while others believe that the current fall is a great long-term buying opportunity.

We consider the recent fall as an excellent buying opportunity. However, not all cryptocurrencies will also grow from their current levels, as markets will begin to distinguish between different cryptocurrencies.

Therefore, we should look to buy stronger currencies that have dropped less and bounce back

Let's see what cryptocurrencies show the signs of a retreat.

BTC / USD

Bitcoin is firmly anchored in the bear. It declined by about 55 percent from its peak. With the recent fall, the cryptocurrency retraced 78.6% of the last stage of the rally. We find the first signs of purchase at levels of $ 8,000.

<img alt=" BTC "src =" https://cointelegraph.com/storage/uploads/view/8d3a81f02185989511bd0ed8e768cc0c.png "title =" BTC "/>

In 2017, the RSI has fallen to oversold levels (around 30) on three occasions and all have proven to be a good buying opportunity.

Aggressive traders can buy between $ 8,600 and $ 8,600 and keep a stop loss of $ 7,800, which can drive up the BTC / USD pair to overhead resistance of about $ 10,700.

We expect a new sales cycle of $ 10,700 to $ 11,300 in the resistance zone (at the 20-day EMA), which means that traders should record partial profits at $ 10,500 and follow the rest – should be attempted with less than 50% of the size of the usual position.

The next leg down will confirm a background in the cryptocurrency, if it does not cross the bottom. If the hollows break, the downtrend can reach $ 6,000. Therefore, we recommend long-term traders to wait a few days before buying.

ETH / USD

Our stop loss on Ethereum's long positions was reached at $ 1,000. He could not escape the panic that seized the cryptocurrency market.

<img alt=" ETH "src =" https://cointelegraph.com/storage/uploads/view/7c86f392a3b9aacc340423aee4edeec2.png "title =" ETH "/>

Today , the ETH / USD pair broke below the uptrend line, the 20-day EMA and the 50-day SMA, eventually reaching $ 768, just below the $ 770 low.

The decline in lows is likely to face resistance levels of 1,025. At current levels, the risk / return ratio is not attractive, so we do

However, if the next fall to the $ 820 to $ 770 level holds, we suggest long positions with a SL at $ 700.

BCH / USD

Bitcoin Cash has completely retraced The last stage of the rally has dropped 73% from its peak

<img alt=" BCH "src =" https://cointelegraph.com/sto rage / uploads / view / a792d6a6de7bcd6cfee09f8012376fd3.png "title =" BCH "/>

In our previous analysis, we had predicted that if the $ 1,364.9657 level breaks, a drop to $ 1,150 is likely and that's what happened. The currency of encryption has fallen to a minimum of $ 1,000, where the purchase has emerged.

The withdrawal may bring the BCH / USD pair to the downtrend line, where we expect another round of sales. a latecomer; therefore, we want to see additional confirmation of substantive training before recommending a trade. We are more likely to recommend a long position if the support zone of $ 1,150 to $ 1,000 is maintained next fall.

XRP / USD

Ripple took the current fall on the chin. At the low of the day ($ 0.61), it fell 81.5% from the highs of $ 3,317.

<img alt=" XRP "src =" https://cointelegraph.com/storage/uploads/view/4b8bcddb93779c05654eb0e328831319.png "title =" XRP "/>

The Momentum was so strong that the critical support level of $ 0.87, which played a significant role on January 16 and January 17, also failed.

The XRP / USD fell close to the next level support of $ 0.61, the final support, below which a drop to $ 0.24 is likely

The current decline should reach the downtrend line which should offer strong resistance The risk ratio / Reward is not attractive, so we do not suggest any exchange on this one.

XLM / USD

Stellar broke under the 50 days of the EMA. he also broke below $ 0.41 and fell to the final support of $ 0.296.

<img alt=" XLM "src =" ht tps: // cointele graph.com/storage/uploads/view/e5166c08eb0bdbae5bcd136a8cca7cd1.png "title =" XLM "/>

A strong buy at lower levels helped the cryptocurrency to iron over the critical support of $ 0.41. If the level is maintained, we can see an action related to the range on the XLM / USD pair for the next days

Steller will likely become a buy once it will come out of the top of the range at $ 0.64.

We do not recommend a purchase today because a setback of one day can not confirm a background.

LTC / USD

After breaking the critical support of $ 175, the bulls failed to maintain the levels of $ 140,001 and Litecoin fell to a low of $ 107,102.

<img alt=" LTC "src =" https://cointelegraph.com/storage/uploads/view/e513cafc5d1c30f6f9337d68a0524f77.png "title =" LTC "/>

The Purchase strong at the bottom is likely to bring the LTC / USD to air resistance of $ 175.

However, the cryptocurrency has been weak and its logical medium is less than $ 84,708. do not recommend long positions on him.

XEM / USD

NEM declined from about 7 4 percent of highs. He found a buy support at 0 , $ 45747, just below the $ 0.49 critical level

<img alt=" XEM "src =" https://cointelegraph.com/storage/uploads/view/1c4af55d6b13caea817f233a6a69aa2e.png "title =" XEM "/>

The decline should reach the downtrend line, which should offer strong resistance The risk / return ratio is not attractive e t the XEM / USD pair was underperforming. wait for an additional confirmation of a background before picking cherries.

At the next test of the lowest, if the level of $ 0.45 breaks, a slide to the next support of $ 0.3672 is likely

NEO / USD

The NEO broke under the symmetrical triangle on February 1, 2018. Today (February 2), it has fallen close to the critical support level of $ 93.53 which has resulted in strong purchases by the bulls

<img alt=" NEO "src =" https://cointelegraph.com/storage/uploads/view/1ecf5d2eb5f205aea49f30f27c75c037.png "title =" NEO "/>

The decline in the NEO / USD pair has reached the breaking point of $ 132, which should offer a high level of resistance.

NEO is one of the strongest cryptocurrencies in the list of 10 first, as it is still quoted above 50 days SMA.

We consider that it might be best to buy NEO during the next fall $ 105.

EOS / USD

We expected that the trend line provide some support, but the bears are easily collapsed underneath. EOS has found support at the $ 8.4 level, close to the critical support area of ​​$ 7.5 to $ 6.5.

<img alt=" EOS "src =" https://cointelegraph.com/storage/uploads/view/bf78a473f50f59ce541fe279d3a608b1. png "title =" EOS "/>

The EOS / USD pair is relatively strong as it also quotes over its 50-day SMA Aggressive traders can buy on any drop towards $ 9 and keep a SL of $ 7.4

The profit target upward is a $ 14 rally

However, we recommend long-term traders to wait for it in place of a buy-in before launching

Note: – Funds do not form in one day, after such a decline, we will likely witness a setback and a few days of price volatility … we have suggested only a few trades and that too only for the aggressive trader.

Long-term traders should wait for a successful new test down before buying.