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.
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Analysis of cryptocurrency pairs BTC/USD, XRP/USD and ETH/USD as of December 20, 2018
It can be assumed that the target growth levels have already been achieved and the price has entered the pullback phase.
Bitcoin, Ethereum, Ripple price analysis for 01/18/2021
Over the past weekend, the Bitcoin price was unable to consolidate above the average level, but at the beginning of this week, attempts to break through to the resistance of 40000.00 USD will be repeated again.
