Analytics of cryptocurrency pairs BCH/USD, ETH/USD vs XRP/USD, BTC/USD as of 01/10/2018

Let's analyze possible options for price movement for leading cryptocurrency pairs. Let's start with Bitcoin Cash, which ranks fourth in terms of capitalization.

BCH/USD

Currently, the price of Bitcoin Cash is at around 2400.00 USD, and the capitalization volume is about 40 billion US dollars, which is 5.5% of the total capitalization of cryptocurrencies on the market. With such indicators, the coin is in fourth place in terms of capitalization.

Since the beginning of the year, Bitcoin Cash has been in a flat, in the price range of 2300.00 - 2660.00 USD, periodically trusting the upper and lower boundaries of this range, so that the price chart has already drawn a head-and-shoulders figure twice. A breakdown of the neck level at 2270.00 USD will indicate that the price has exited the sideways trend and will resume its decline towards the target level of 1600.00 USD.

XRP/USD vs ETH/USD

Ripple continues to fall to the target level of 2.00 USD per coin, and Ethereum sets a new high at 1240.00 USD and increases capitalization, increasingly moving away from Ripple. I think that on January 10, this trend for these currency pairs will continue.

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                  BTC/USD

Contrary to my yesterday's expectations BTC/USD prices are in the area of sixteen thousand, Bitcoin was never able to consolidate by 50% (14,896.17 USD) and dropped to 14,123.00 USD. I assume that on January 10, the price will once again protest the 61.8% fib (14,363.00 USD) and will meet support at this level. This will serve as a signal for the end of the correction and the restoration of the price, first to 15500.00 USD, and then to 16000.00 USD.

If the 61.8% fib fails and the price of BTC/USD breaks through this support level, then the fall will continue to at least the area of ​​13600.00 USD. I consider such an event less likely.