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Weekly Price Analysis Overview Dec.18: Bitcoin, Ethereum, Bitcoin Cash and DOGE


Bitcoin

This week we saw the low of 2018, and in the Bitstamp exchange, we touched $3,122. While most of the market is waiting for confirmation of support around $3,000, on the technical level an unexpected jump brought us almost to resistance levels around $3,600. From there the following resistance is around $4,000. Traded around $3560.

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Ethereum

Against the USD approval of the support around $82 that came in, and from there back up to $96, not far from the resistance of around $100. Was trading around $95 under the influence of Bitcoin’s rise? Most of the market was positively affected by trading against the dollar.

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Against Bitcoin, we see a V floor. We touched on the support around 0.025BTC with a downside bias in the Poloniex exchange up to 0.023BTC in 4 hours trading. Not many caught it, but those who left an order did. Traded around 0.026BTC resistance at 0.028BTC in this range.

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Bitcoin Cash

ABC

Against the dollar, the downward trend continues this week to reach $73, where the support is. Trading at around $89 with a trading volume that can be noticed on the chart after finding resistance to $100 in the short term.

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Against Bitcoin, we saw that the rate touched 0.023BTC last week, and was trading not far around 0.025BTC resistance in this range around 0.026BTC.

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BSV

Against the dollar, the support that turned into resistance around $80 did not hold, and the price dropped to $62, from where it traded back around $78. Support is being built around $70 in this range.

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Against Bitcoin a decline to 0.02BTC where the support in this range. An attempt to return up and found resistance at 0.025BTC. Traded at around 0.021BTC.

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Doge Coin

Against Bitcoin traded around the 72SAT and climbed up the weekly chart. Despite the bear market and the fluctuations 40% raises are trying to break a possible ATH in the crypto market. Of course, at a 50-50 risk, it is hard to ignore the cyclical nature of this cryptocurrency that started as a joke (this should not be seen as a trade recommendation).

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Cryptocurrency charts by TradingView.



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