Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, Stellar, Litecoin, TRON, Bitcoin SV, Cardano: Price Analysis, Jan. 18

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

The market data is provided by the HitBTC exchange.

In a recent interview with Cointelegraph, Sterling Witzke, partner at Winklevoss Capital, claimed that institutional investors are looking into the cryptocurrency industry, but are not quite ready to take the big plunge yet.

According to her, the unfavorable regulatory environment in the United States and the lack of adequate security measures in are two major factors that need to be sorted out if institutions are to make a decisive entry.

Companies are trying various approaches to opening up Bitcoin and other cryptocurrencies to the mainstream audience.

One such attempt is by Bitcoin ATM company Coinme that has partnered with coins-to-cash converter Coinstar. The two companies aim to facilitate buying Bitcoin through Coinstar kiosks that are going to be put up at grocery stores throughout various countries.

As if the number of existing cryptocurrencies was not enough, researchers from seven top U.S. Universities have come together to launch a “globally scalable decentralized payments network.” This shows that some of the top minds in the industry are positive on the prospects of cryptocurrencies in the future.

BTC/USD

Bitcoin’s (BTC) volatility has declined sharply in the past three days. We anticipate a resolution of this tight range within the next few days. Both moving averages are either flat or marginally sloping down. The RSI is in the negative zone. This shows that the path of least resistance is to the downside.

BTC/USD

A breakdown of $3,473.47 can push the BTC/USD pair towards the year-to-date low of $3,236.09. On the contrary, if the bulls push the price above the moving averages, a rally to $4,000 is possible. We anticipate a strong resistance in the zone of $4,000–$4,255.

If the bulls scale this zone, the leading cryptocurrency might start a new uptrend. We shall wait for a reliable buy setup to form before recommending any trades in it. Until then, it is best to remain on the sidelines.

XRP/USD

The failure of Ripple (XRP) to break out of the moving averages will attract sellers. A breakdown of $0.31121 can lead to a decline to $0.27795.

XRP/USD

The trend is down as the XRP/USD pair continues to trade inside the descending channel. Both of the moving averages have turned down marginally and the RSI is in the negative zone, which suggests that the bears have the upper hand.

The first sign of a probable trend reversal will be a breakout and close above the downtrend line. Such a move can see the price move to $0.4, and above it to the resistance line of the channel. We couldn’t find a reliable trade setup at the current levels, so we are not suggesting any new long positions.

ETH/USD

Though the bulls have successfully defended the 50-day SMA for the past four days, they haven’t been able to push Ethereum (ETH) above the 20-day EMA.

ETH/USD

The 20-day EMA sloping down and the RSI in the negative zone suggest that the bears have the advantage in the short term. A breakdown of $116.3 will increase the probability of a fall to $100, and further to $83.

However, if the bulls push the price higher, a breakout above $140 can carry the ETH/USD pair towards the next overhead resistance of $167.32. We shall wait for a confirmed change in trend before proposing a trade in it.

BCH/USD

The volatility in Bitcoin Cash (BCH) has shrunk dramatically in the past three days, which shows a lack of both buying and selling interest.

BCH/USD

If the buyers return in large numbers and push the BCH/USD pair above the moving averages, a rally to $177.3 will be probable.

Nonetheless, if the bears sink the digital currency below $121.3, a decline to $100, and below that to $73.5, will be possible.

EOS/USD

Though EOS continues to trade inside the range of $2.3093–$3.2081, the bulls are struggling to push the price above the 20-day EMA.

EOS/USD

A breakdown of the range and $2.1733 can push the EOS/USD pair towards $1.7746, and below that to the recent low of $1.55.

Conversely, if the bulls push the price above the 20-day EMA, the cryptocurrency might reach the top of the range. With both of the moving averages flat and the RSI marginally in the negative zone, a consolidation is likely.

XLM/USD

The intraday range has tightened further in Stellar (XLM). The bulls and the bears are in a state of balance.

XLM/USD

A break below $0.010235190 will increase the probability of a retest of $0.09285498,