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Cryptocurrency prices analysis and forecast – 13 December 2018

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BTC/USD

BTC/USD is being traded at $3,540 in the correction. Boring trading against the absence of any significant news for the market continues. The price hasn’t gone far from the minimum values. Judging by the dynamics of the rebound and the activity of market participants over the past 5 days, the pessimistic mood persists in the coin, as in the rest of the market. In general, the technical picture remains unchanged. In the event that prices update at least $3,290, a move to a psychologically important level of $3,000 looks very likely. All that remains for market participants is to prepare for the upcoming holidays and just to wait patiently.

BTC/USD Forecast and analytics 13 December 2018
BTC/USD Forecast and analytics 13 December 2018

As part of the forecast for December 13, we can expect the continuation of the corrective movement in the range of $3,840 – $3,200. The signal area is now very narrow, so we mark it with a price level of $3,515. This is a dynamic zone of the “balance” of the asset price for the next day. The price can go both up and down. For now, it is practically on this level and perhaps, a small “treading” in this area is possible. Then quotes will probably go to the lower area of the $3,200 – $3,000 trading range. It is also impossible to exclude the possibility that the price will find short-term support in the current zone of “balance”. In this case, it is possible to continue growth within the specified range, to the area of $3,900 – $3,800.

An alternative would be the development of a full upward correction. To start with, the price will need to break through $3,900 and go to the first goal of $4,200. After fixing at these levels, we can expect growth to the region of $4,800 – $4,500.

ETH/USD

ETH/USD is being traded at $92.66 in the correction along with the market. The price moves to the lows of last week, in the region of $83.00. At this level, we will closely monitor the behaviour of market participants. It is likely that only there will be an opportunity to talk about any price targets and build forecasts. The current situation on the ICO market is likely to be already taken into account in the price. However, negative trends still persist. Therefore, we should not forget that due to the peculiarities of this coin, there is a high risk of seeing updates of the falling minima.

ETH/USD Forecast and analytics 13 December 2018
ETH/USD Forecast and analytics 13 December 2018

As part of the forecast for December 13, we can expect the continuation of the corrective movement in the range of $100.60 – $83.90. The signal area is now very narrow, so let’s mark it with the price level of $91.65. This is a dynamic zone of the “balance” of the asset price for the next day. The price can move both up and down from it. For now, it is practically on this level and a small “treading” is possible along this level or in this area. Then quotes will probably go to the lower area of the trading range of $83.80 – $77.76. It is also impossible to exclude the possibility that the price will find short-term support in the current zone of “balance”. In this case, it is possible to continue growth within the specified range, to the area of $101.00 – $106.00.

An alternative would be the development of a full upward correction. To start with, the price will need to break through $106.00 and go to the first goal of $120.00. After fixing at these levels, we can expect growth in the region of $140.00 – $130.00.

XRP/USD

XRP/USD is being traded at $0.31415 in the correction. At the moment, quotes are consolidating near the bottom of the trading range. In the case of another wave of sales, which looks quite likely, the coin will be under pressure along with the entire market. In the case of a breakdown of the downward trend line, it will be possible to speak at least about stopping the bearish trend. However, for the development of an upward correction, which can serve as the beginning of a change in the whole trend, it is important that the price be able to get out of the outset and gain a foothold above the level of $0.33000.

XRP/USD Forecast and analytics 13 December 2018
XRP/USD Forecast and analytics 13 December 2018

As part of the forecast for December 13, we can expect the continuation of the corrective movement in the range of $0.33900 – $0.28300. The signal area is now very narrow, so let’s mark it with the price level of $0.31200. This is a dynamic zone of the “balance” of the asset price for the next day. The price can move both up and down from it. For now, it is practically on this level and a small “treading” along this level or in his area is possible. Then quotes will probably go to the lower area of the trading range $0.28300 – $0.26650. It is also impossible to exclude the possibility that the price will find short-term support in the current zone of “balance”. In this case, it is possible to continue growth within the specified range, to the $0.34000 – $0.34800 area.

An alternative would be the development of a full upward correction. To start with, the price will need to break through $0.34800 and go to the first goal of $0.37000. After fixing at these levels, we can expect growth in the region of $0.43000 – $0.40000.

XMR/USD

XMR/USD is being traded at $45.197 in the correction. After yesterday’s testing of the lows, the coin went into a small correctional growth. But this movement looks just technical. It is not excluded that they were shooting profits to short-term shorts. It is also alarming the extreme uncertainty of market participants at the level of the new minimum. Therefore, we can expect that it will be updated once again. However, this time the update may be more substantial. The nearest reference point for the fall will be the area of $40.000 – $39.500. At these marks, the coin is likely to meet support.

XMR/USD Forecast and analytics 13 December 2018
XMR/USD Forecast and analytics 13 December 2018

As part of the forecast for December 13, we can expect a further decline. The signal area is located at $49.400 – $41.250. This is a dynamic zone of the “balance” of the asset price for the next day. The price can both move up and down from it. For now, it is in this area and a small “treading” in this area is possible. Then quotes will probably go to the lower area of the trading range of $42.000 – $39.500. It is also impossible to exclude the possibility that the price will find short-term support in the current zone of “balance”. In this case, it is possible to continue growth in the region of $49.500 – $53.000.

An alternative would be the development of a full upward correction. To start with, the price will need to break through $60.000 and go to the first goal of $65.000. After fixing at these levels, we can expect growth in the region of $78.000 – $72.000.

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