MIT Technology Review published an article, providing an overview of the recent history of blockchain and explaining why it will start to become mundane in 2019.
A close of a big bullish candle above the $0.12 or a clear penetration of a bearish candle below it is expected, should there be a breach below $0.10, wait for the Stellar pullback and place sell position with taking profit at $0.09.
The breaking down of $92 price level may drop the Bitcoin SV price at the previous low while the bullish momentum will ride the price to $100 – $107.
On the long-term outlook, the breakout at the upper range level of $0.38 will give an opportunity to XRP traders to go long.
The bearish candle will have to penetrate and close below the support level of $3,679 before BTC price will experience bearish breakout and this may return it to its previous low of $3,247.
Should the bears maintain their momentum on Cardano market and breaks down the price level of $0.032, ADA price will use its previous low as its target.
The first candle formed at the opening of the market on the daily chart is bearish, broken the supply level of $0.12 downside indicating a probability that Stellar will resume its bearish trend which may have its support at the previous low of $0.09.
The breakdown of the $92 price level will expose the coin to $85 support level. In case the support level of $92 holds Bitcoin SV price will resume its bullish trend.
After retest XRP price may resume its uptrend movement which may face $0.50 supply level after $0.43 price level is broken.
In case the bearish pressure continues and there is a bearish engulfing candle breakout and close below the demand level of $121, then Ethereum may have its low at $98 – $109.
Should the bullish pressure break up the 50-day EMA and the resistance level of $4,716, then, Bitcoin price may have its target at $5,447 – $6,281 level.
The Chainalysis report shows that a very small fraction of the total Bitcoin addresses are actually “economically relevant”.
In case Cardano penetrates above the key supply zone of $0.050, then the trend has changed to uptrend and have its high at $0.06 price level.
Should the bulls increase its momentum and breakout at the supply level of $0.15 Stellar traders can place a long position trade setup.
In case the bears defend the resistance level of $92 the rice will bounce and Bitcoin SV will resume its downtrend and have its target at the previous low.