After a sharp decline, aggressive bulls jump into the fray to buy from lower levels. This strategy has resulted in huge gains for cryptocurrency traders in 2017.

However, unlike previous opportunities, we have seen a slight decline this time around. This shows that traders are not convinced of a huge rally of current prices.

BTC / USD

We had planned an attempt to fall back from the levels of $ 10,704.99. Yet, Bitcoin has outperformed and dropped to $ 9,300. .

<img alt=" BTC / USD "src =" http://cointelegraph.com/storage/uploads/view/a1b3239f3089e0a2548fbe85b9f417b2.png "title =" BTC / USD "/>

Currently , the bulls are attempting a retreat, which could lead to wearing cryptocurrency at the neck of the head and shoulders at levels of $ 13202.

We are planning another round of sales starting at these levels, which may sink the BTC / USD pair back to the support zone from $ 10,704.99 to $ 9,300

If this support area breaks, a drop below $ 8,000 is likely

On the other hand, if the bulls succeed in maintaining the support zone, this will lead to a new uptrend.

Agile traders can play the withdrawal., others should wait for the next drop to buy

ETH / USD

We are waiting that the support zone between the trend line and $ 940 be maintained. But on January 17, Ethereum broke below the trend line and fell to a low of $ 770.

<img alt=" ETH / USD "src =" http://cointelegraph.com/ storage / uploads / view / da1976de444d592af627920daabea68c.png "title =" ETH / USD "/>

The bulls bought the aggressive decline, which resulted in a pullback that brought cryptocurrency to levels Fibonacci retracement 50 percent of the recent fall from $ 1424 to $ 770

We do not expect a new rally of power The ETH / USD should face a resistance of 1,097, 15 and $ 1,174.36

We anticipate a pair of odds for the next few days with the trend line providing support for the declines.

BCH / USD

We were expecting levels of $ 1,733 to hold, but equities easily crossed the threshold and Bitco in Cash fell to $ 1,364.9657 on January 18th.

<img alt=" BCH / USD "src =" http://cointelegraph.com/storage/uploads/view/09487462c42dbafc3b2ed5ca633efa49.png "title =" BCH / USD "/>

The Current decline is expected to meet resistance at the level of $ 2,072, which was the support for the range previously, and the subsequent decline should confirm whether the trough has been reached at $ 1,364.9657 or if the cryptocurrency will fall to $ 1,194.

Our bearish view will be invalidated if the BCH / USD pair maintains above $ 2,072 for one day.]

XRP / USD

We had forecast a fall to 61.8 % of the Fibonacci retracement levels of the last rally, but Ripple fell near the 78.6% retracement levels, which coincided with the lower end of the descending channel.

<img alt=" XRP / Usd "src =" http://cointelegraph.com/storage/uploads/view/7f1e7f406283c5a2335d65e9c321ebe4.png "title =" XRP / USD "/>

The current pullback could face resistance to the 20-day EMA, above which a move to $ 2.2 could take place, where the XRP / The USD will face to the resistance of the trend line, which had previously acted as a solid support.

On the downside, $ 0.87 should provide solid support.

IOTA / USD

IOTA finished a bearish descending triangle pattern with the failure on January 16, giving it a target value of $ 1.19

<img alt=" IOTA / USD "src =" http://cointelegraph.com/storage/uploads/view/3fd76b197ed216be3bbc655628539378.png "title =" IOTA / USD "/>

However, cryptocurrency supported to levels of $ 1.93 on January 17.

Currently, the IOTA / USD pair is retesting break levels of $ 3.032, if the bulls break out and $ 3.5 , our bearish view will be invalidated.

However, if the bears defend the levels of $ 3,032, we will probably see another episode of sale.

We do not find any clear pattern, so we do not recommend any trade.

LTC / USD

We had forecast a probable fall to $ 100 s i Litecoin broke under $ 175,199. But on January 17, it rose from a minimum of $ 140,001

<img alt=" LTC / USD "src =" http://cointelegraph.com/storage/uploads/view/10f5e6186e0d98eb66d6aedd79a6ac26.png "title =" LTC / USD "/>

For two days in a row, the declines were less than $ 175,199, but they failed to keep prices down.

The current pullback should extend to around $ 225, where the two moving averages converge

We do not find any reasonable trades on the LTC / USD pair

XEM / USD

NEM fell near The retracement levels were 78.6% on January 16 and January 17. Subsequently, the bulls began a retreat that was expected to face strong resistance to trend lines

<img alt=" XEM / USD "src =" http: //cointelegraph.com/storage/uploads/view/8071a7bbe9aa014326d f80691fe3edce.png "title =" XEM / USD "/>

The next drop down to recent low of $ 0.55134 will confirm if the bot

of here here we will stay away on the pair XEM / USD

ADA / BTC

Broken Cardano Below support for the trend line on Jan. 16 and Jan. 17, however, the bulls defended the support and pushed the prices faster.

<img alt=" ADA / BTC "src =" http://cointelegraph.com/storage/uploads/view/db76986fd23b349a4424062d47186cfe.png "title =" ADA / BTC "/>

Currently , the ADA / BTC pair is trying to get out of the downtrend line, which is a bullish sign.If successful, it will resume its uptrend.We therefore want to buy at 0.000060 and keep a stop loss at 0.00004700.