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With news from South Korea confirming the government's positive stance on currency encryption, the market remains volatile

If it does not recover in next few days, negative news could prompt buyers to sell, which will result in a long liquidation.

However, if the bulls manage to defend the critical stance support levels, we could see a clear setback and money sitting on the sidelines will rush to the markets, providing new impetus to the rise.

We believe that we should see a strong move up or down in the next 3-5 days. Let's see how we can capitalize on that.

BTC / USD

The Bitcoin price fell yesterday, January 30, causing a sharp decline. Currently, he finds support just below the critical level of $ 9,920.02.

<img alt=" BTC / USD "src =" https://cointelegraph.com/storage/uploads/view/cab90268648ed0e090e32eea8a34df8e.png "title =" BTC / USD "/> Yesterday, January 30 was the The first closing below the lows of December 22 is $ 10,704.99, showing that sellers are moving forward at lower levels.

If the bearers take advantage of their advantage and cross the $ 9,300, If the BTC / USD pair makes a new low, we will not buy

However, if the bulls regroup and buy aggressively, pushing the prices above the downtrend line, this will indicate a likely reversal, why we suggest buying on a close to over $ 12,200 with an initial stop loss of 9,600. We expect the rebound to face a strong resistance to $ 14,000

Although this trade does not offer a good one suggests the take because the goal is to buy as close to the bottom as possible. As the chances of a split are high, keep the allocation size at 50% of normal.

ETH / USD

Ethereum continues to be strong as it is still trading above the uptrend line and above the two moving averages. We hold 50% of our initial purchase made at $ 1,000 levels with stops at balance.

<img alt=" ETH / USD "src =" https://cointelegraph.com/storage/uploads/view/d6b4a39b279ec856803d4d5677c667ff.png "title =" ETH / USD "/> We remain bullish on the ETH pair / USD as it continues to form a higher low on the charts, which shows that bulls are eager to buy on dips, so they do not.

But bullish movement is facing profit taking at higher levels, so that the 20-day EMA has stagnated, indicating a short-term consolidation.SMA continues to increase indicating the continuation of the trend

Our bullish view will be invalidated if the cryptocurrency dives below the bullish trend line and the 50-day SMA

BCH / USD

[19459002BitcoinCashestenbaissed&about64%asreferredto41390893$reached20december2017

<img alt=" BCH / USD "src =" https://cointelegraph.com/storage/uploads/view/f9420ff813d8c3d08f3d918338785238.png "title =" BCH / USD "/> $ 1,364.9657 is a significant level of support downward . If the BCH / USD falls below, we expect a drop to $ 1,150, which is the next major support.

If this level is maintained, the bulls will try to get out of the 20-day EMA. the downtrend line. If successful, it can be expected that the cryptocurrency will remain between $ 1,364.9657 and $ 2,072.6853.

XRP / USD

Ripple continues to be under pressure. He is unable to settle at a support level. Currently, he supports the psychological level of $ 1.

<img alt=" XRP / USD "src =" https://cointelegraph.com/storage/uploads/view/d2878f65096a81974e50762bae92cca1.png "title =" XRP / USD "/> If this level goes down, one can expect a sliding down of the range to $ 0.87. If we find strong buys emerging at this support level, we may consider initiating long positions.

So far, we can not find any configuration on the XRP / USD pair, so we do not recommend any exchange on this one.

XLM / USD

Stellar is down for immediate support of the trend line and the price is quoted below 20 days EMA

<img alt=" XLM / USD "src =" https: // cointelegraph .com / storage / uploads / view / dcdce233fab8dde8c403be6a1d100248.png "title =" XLM / USD "/> His next support is at the SMA 50 days and below him at the level of $ 0.41

Upward, XLM / USD Should Encounter Resistance to the Trend Line

Initiating Long Positions Above the $ 0.65 Levels May Be a Good Decision in this Case

LTC / USD

Litecoin broke below the $ 175 critical support, which completes the bearish bear triangle pattern. Prices will probably drop to $ 140,001 and then to $ 85.

<img alt=" LTC / USD "src =" https://cointelegraph.com/storage/uploads/view/d5e9725f34c6e9f41c0eccd177548ce4. png "title =" LTC / USD "/> On the other hand, the bulls will try to quickly recover the levels of 175. The LTC / USD pair will only become positive after crossing the trend line bearish, wait for the trend to change before suggesting a trade

XEM / USD

NEM refused after failing to release moving averages downtrend line 1. If this medium breaks, we could see a drop to $ 0.60.

<img alt=" XEM / USD "src =" https://cointelegraph.com/storage/uploads/view/d69554591b77eada6f7d0d622e08b0f0. png "title =" XEM / USD "/> The pair XEM / USD will show signs of decline as soon as it comes out of the downtrend line 2 and stays above $ 1.1. s reasonable to expect a reliable buying configuration to form before initiating long positions on it

NEO / USD

NEO experienced a strong uptrend since December 2017. During the recent correction, it has not yielded much ground, making it a relative outperform. It is quoted above both the 20-day EMA and the 50-day AMS, which is a bullish sign.

<img alt=" NEO / USD "src =" https://cointelegraph.com/storage/uploads/view/bd3cb478bc6a0f66aff62f002caa7ee5.png "title =" NEO / USD "/> He formed a symmetrical triangle, which is a reason for continuation.A breakout of this model could resume the uptrend and bring the pair NEO / USD to the highs then In this way, the long positions can be initiated at $ 170 and the stop loss can be maintained at $ 130

Our bullish view will be invalidated if the cryptocurrency breaks down, the triangle, which can push it toward the support area of ​​$ 85 to $ 100

EOS / USD

EOS is in a bullish trend of November 2017. The price rebounded on the trend line out of four Currently, the price has again dropped down to the trend line

<img alt=" EOS / USD "src =" https://cointelegraph.com/storage/u The 50-day ADM is also placed at same level, and we expect the bulls to defend levels of $ 10.5. the trend line will face resistance at $ 14 levels. We expect a few days of consolidation before a break. Long positions can be initiated if the EOS / USD pair holds the trend line for the next days

In case the cryptocurrency breaks below the trend line, our bullish view will be invalidated.

Market data is provided by HitBTC Exchange; the charts for the analysis are provided by TradingView.