Analytics as of December 20, 2017

Hello everyone, I present to you another analysis of cryptocurrency pairs for December 20, 2017

BTC/USD

Some calm, against the backdrop of constant records, can be observed on the BTC/USD price chart for December 19, 2017. The breakthrough to twenty thousand has again been postponed for now. The price fall could not hold the support level of 61.8% fib and Bitcoin continued consolidating already in the green fib corridor, periodically relying on the lower border of this corridor - the 50% fib ray. Considering the high volatility of the cue ball, a breakdown of the lower border of the corridor is quite likely. With this development of the scenario, the price may fall to the support area of ​​38.2% fibonacci, which tomorrow will be at around 16500. Well, a more profitable invitation to buyers is unlikely to be repeated in the outgoing 2017. We would like to express our gratitude to the European Commissioner for Justice Vera Jurova, who stated that tightening the requirements for online currency exchange platforms for cryptocurrencies will help reduce the risks associated with money laundering and terrorist financing.

DASH/USD

During trading on Tuesday, the price of DASH/USD was able to set a new high at 1220.00 (despite the forecast high in the area of 1240.00) and consolidate above the support level of 78.6% fibonacci in the “one thousand one hundred” comfort zone. However, I believe that on December 20, DASH will still go lower, into the blue corridor, to a stronger support level of 61.8% Fibo at the “long-term level” of 1040.00.

ZEC/USD

On Tuesday, December 19, the dynamics Many cryptocurrency pairs repeated the decline and consolidation near support levels, following Bitcoin. A similar downward trend can be observed on the price chart for ZCASH. This is another cryptocurrency built on the principle of “Zero Knowledge Proofs”, founded by Zooko Wilcox. 

I would like to draw your attention to the fact that price consolidation is taking place in a rather narrow corridor of an upward trend, and will most likely resume moving along the trend, upward, after a re-test of the lower border of the purple channel, at the level of $540.00 per ZCASH. 

The fairly high interest in anonymity, which is guaranteed by settlements within the Zcash system, served as an impetus for the growing capitalization of this cryptocurrency, which has exceeded 1.73 billion.. US dollars, which allowed it to enter the top ten cryptocurrencies with the largest capitalization.