Analytics of cryptocurrency pairs BCH/USD, ETH/USD, XRP/USD, IOT/USD as of 01/11/2018

Today we will take a closer look at the IOTA/USD price chart

IOT/USD

Currently IOTA ranks 8th among cryptocurrencies in terms of capitalization with a result of 10 billion US dollars.

In Last December, many investors started talking about this cryptocurrency when its price on December 19 set a record high of 5.55 USD. After such a rush of demand for this altcoin, the price went into a deep correction and several times recorded local minimums in the area of ​​3.00 dollars per coin. After the New Year holidays, IOTA consolidated in a sideways trend in a narrow price range of 3,700 USD - 4,300 USD, which is uncharacteristic for a cryptocurrency. In the coming days, I believe that the sideways trend will continue and the price will continue to consolidate around the psychological level of 4 US dollars. The main intrigue remains the question: where will the breakdown occur - up or down? Considering the features of this alt, I assume that it will arouse interest among investors, thereby moving the price towards the target level of 4.500 USD.

BTC/USD

Bitcoin on January 10, 2018 consolidated near the 61.8% fibonacci level around the price of 14400.00 USD and did not manage to reach the fifteen thousand zone. I think that this week the forecast level in the area of 15500.00 USD will gradually settle into price in a sideways consolidation.

XRP/USD

On January 10, Ripple broke the target level of $2.00 per coin and marked a daily minimum at 1.61 USD, but then quickly recovered to the support level of 78.6% fibonacci in the price area of 1.95 USD. I believe that in the near future the XRP/USD pair will consolidate in a narrow sideways pattern at the level of 2.00 USD for Ripple.

ETH/USD

Ethereum was able to update the maximum at around 1378.00 USD and Having entered a correction, the upward trend continues. Perhaps on January 11 we will again see an update to the maximum in the area of ​​1400.00 USD per ether.