The South Korean Government has confirmed that it does not have any effect. had no intention of banning short-term cryptocurrency trading. -term. This is a major relief for the markets, which were under the pressure of the sale.

The Warren Buffet warning that cryptocurrencies will have a "bad end" has not had any noticeable effect on prices.

During the recent decline, instead of being disrupted, many traders saw this as an opportunity to buy and rushed to open new accounts. The Binance Cryptocurrency Exchange saw a huge addition of 240,000 users in just one hour on January 10th.

However, unlike previous occasions, the withdrawal of stockings was cut. Is this a sign of decreasing momentum? Let's go outside.

BTC / USD

Bitcoin broke below the 50-day SMA on January 11 and since then, he has struggled to climb on it. He managed to maintain the critical support level between the symmetrical triangle's trend line and the head and shoulders neckline.

<img alt=" BTC "src =" https://cointelegraph.com/store/ uploads / view / 941d764e85faf4ef6a0c00c0cc5b49fd.png "title =" BTC "/>

If Bitcoin Fails to rally in the next two days, it may fall and fall below $ 12,500, making it fall to $ 8,000

On the other hand, if the cryptocurrency hangs on the rack and moves over the EMA at 20 days, it will indicate a short-term down.

Very aggressive traders can buy on a breakout above $ 14,500 and maintain a stop loss of $ 12,500. The target target of this trade is $ 16,500. It is a very risky trade, therefore, should be attempted with only 25 percent of the size of the usual position.

Risk-averse traders should wait for a reliable setup as there is no clear trend on the BT pair C / USD as long as it exchanges inside the triangle. It is best to wait for a break or break of the triangle before taking a position.

ETH / USD

The Ethereum was relatively strong during the South Korean ban episode. This shows that its owners are in no hurry to sell their assets.

<img alt=" ETH "src =" https://cointelegraph.com/storage/uploads/view/a4a26086b794f5e27613ea007ff310b4.png "title =" ETH "/>

Buyers jumped to Fibonacci retracement levels of 38.2% from the last rally went from $ 640.43 to $ 1382, the uptrend remaining intact and bulls are likely to attempt to break the last highs at $ 1,382

If the price moves away from the overhead resistance zone from $ 1,382 to $ 1,434, it will mark the beginning of the next phase of the uptrend, which may bring the ETH / USD pair towards its target of 1,814 , $ 67

to the 20-day EMA and $ 965.18, the lowest intraday of January 8.

However, as we expect strong resistance between $ 1,382 and $ 1,434, we do not recommend any new long positions.

BCH / USD

Bitcoi n Cash came out of the range on January 10th, contrary to our expectations, he could not rally $ 3,249. He faced strong resistance at $ 2,950 and went down from there.

<img alt=" BCH "src =" https://cointelegraph.com/storage/uploads/view/b3b5adf0bb99683dd1183088399e879d.png "title =" BCH "/>

It continues to be limited, but in a wider range: on the upside, $ 2950 is the critical resistance and down, $ 2,291 continues to be a solid support at the level of $ 2,072

Traders should wait for a break of more than $ 2950 to take long positions, which should bring the pair BCH / USD to the highs.

On the other hand, a break below 2 $ 072 can drop to $ 1,733 and then to $ 1,200

XRP / USD

For three days, Ripple has been trying to maintain the uptrend line. levels of $ 1.5.

<img alt=" XRP "src =" https://cointelegraph.com/sto rage / uploads / view / 9efe1fb57a92e36fc5c258 40e3c290f9.png "title =" XRP "/>

The cryptocurrency is being corrected in a downlink channel. If the bulls manage to get out of the resistance line of the canal, a move to $ 2.85 is likely

Strong support exists between $ 1.76978 and $ 1.40463, or 50% and 61, 8% of Fibonacci retracement levels from the recent rally From $ 0.22255 to $ 3.317.

But we do not find any reliable purchase configuration on the XRP / USD pair. Therefore, we do not recommend any exchange on this subject.

IOTA / USD

IOTA continued trading between $ 3.032 and $ 4.34. Yesterday, January 11, the bulls again defended the lower part of the fork.

<img alt=" IOTA "src =" https://cointelegraph.com/storage/uploads/view/d4da92a06369e044818243554dea9906.png "title =" IOTA "/>

We expect this that the range be maintained, allowing traders to buy on weakness towards $ 3.1 and to keep a stop loss of $ 2.7

The IOTA / USD pair should try the move towards $ 4.34, once it comes out of the bearish trend line, a move above 4.34 should propel up the range to $ 5.59.

LTC / USD

Litecoin is still stuck in the symmetrical triangle Yesterday, January 11, the bears have failed to bring down the triangle

<img alt=" LTC "src =" https://cointelegraph.com/storage /uploads/view/6a995e7490087e892c98ab86fb27c3bb.png "title =" LTC "/>

The bulls go n How to try to push the prices towards the line resistance of the triangle at $ 280. The movement will gain momentum above $ 254. The support is much lower at $ 215

For the moment, the risk / return ratio is not attractive for trades.

The LTC / USD pair will become bearish if the price collapses 50-day SMA

XEM / USD

As we expected in our analysis previous, the decline in the support of the trend line prompted the purchase. NEM is currently in a decline. Should we exchange it?

<img alt=" XEM "src =" https://cointelegraph.com/storage/uploads/view/463e6bddc8bd3ffda46d856f94189f47.png "title =" XEM "/>

Traders bought the pair under the trendline yesterday, January 11. We now expect the pair XEM / USD at $ 1.56949 and $ 1.68590, or 50% and 61.8% Fibonacci retracement of $ 2.06278 to $ 1.07619.

Traders aggressive can buy at current levels of $ 1.38 and keep a stop loss at $ 1.06, lower than yesterday's lows Although the initial risk / reward ratio is not attractive, we believe that buy near the strong support of the trendline

ADA / BTC

Buyers bought the decline below the trend line on January 11. We had planned a withdrawal from the line of trend in our previous analysis, but advised to wait for a confirmation of a background before buying So the co can mockers buy now?

<img alt=" ADA "src =" https://cointelegraph.com/storage/uploads/view/2aeb0a6d7a432c0e9672b0ea08238cf4.png "title =" ADA "/>

If hindsight supports above the 0.000057 levels, we are expecting to move it to expand to $ 0.00006616 and $ 0.00007221, which are 50% and 61.8% of Fibonacci retracement levels from the recent fall.

Traders can buy the ADA / BTC pair at current levels and keep a stop loss at 0.00004 Here again, we recommend a trade with no attractive risk / reward ratio because we buy close to the strong support of the line of a tendency from which the price may surprise on the rise.