Market Analysis 14th Dec

With cryptocurrency market cap reachnig $500 Billion.Here are analysis of biggest movers anfd shakers in market. Coins analysed #ripple #ethereum #ethereumclassic #bitcoin #neo #monero #iota

#Ripple has been a clear start yesterday in the crypto segment and reached its ATH after a long 6 months consolidation phase and promptly neared $ 0.50 level.Although the good time to buy Ripple has already passed, we are expecting a broad correction. Support lies somehwere near $0.30-$0.32 level.

#Ethereum the second largest coin in market surged past the final range projection target and ended up at $685 aftermath the launch of BTC futures on Monday.The eth token is on sell signal in all time frames. Support levels are now found at $575, $500, $480, and $400.

#bitcoin failed to follow marginal new. The currency is trading right at the steepest uptrend line of the parabolic move, and given the extremely overbought long-term momentum readings, a major correction could be underway already. primary support near $13,000, further levels at $11,300, $10,000, $9000, and stronger levels at $8200 and $7700.

#Litecoin is trading in a short-term consolidation after its exponential break-out, as the coin is extremely overbought on all time-frame.while short-term gains are not out of question but the currency is prone to deeper corrections in coming weeks. Key support levels are found at $125 and $100, with weaker levels at $260 and $170.

#Dash hit marginal new high today in early trading, The currency is still likely to enter a deeper correction soon, despite the strong long-term uptrend, with major support levels are now found at $650, $600, $500, and near $410.

#EthereumClassic spiked above the prior high briefly, thanks to the bullish sentiment in the segment, but the long-term overbought coin is back near the key $30 level now.We still expect a move below the prior high at $23 in the coming weeks, even as short-term gains are still possible. Investors should wait for a significant correction before adding to their positions, with support below $23 still found at $18.

#Monero also reached a marginal new high today, as the short-term uptrend remained intact, but the move could turn out to be a bull trap following the stellar move of the recent weeks. The coin will likely face a deep correction as well in the coming period, with strong support levels at $240, $200, $180, and $150.

#NEO moved out form the dominant broad consolidation pattern today, and it surged past the $40 level, confirming the still encouraging long-term setup. While a segment-wide correction will likely affect the currency as well, we still expect a move towards the all-time highs after the conclusion of it. Support levels are still found at $34, $30, and $27, while primary resistance is ahead at $5

#IOTA continued to correct after the incredible surge of the previous weeks, although it remained inside the short-term range, despite the still extremely overbought long-term momentum readings. We expect a much deeper correction in the coming weeks, as strong support is only found at $3 and $1.5, with potential Fibonacci support at $2.35.

sources:
http://bit.ly/2AVacSq
www.tradingview.com
www.coinmarketcap.com
www.bravenewcoin.com