Analytics as of December 19, 2017

Brief analysis of the BTC exchange rate on the morning of December 19, 2017. We also present a newcomer to our review - the Monero cryptocurrency pair.

BTC/USD

Apparently, today Monday was a difficult day for Bitcoin and attempts to storm new heights were postponed for now. The price rolled back all day in search of support from the Fibonacci support lines, but without reaching the lower ray of the 75% Fibonacci, it was able to consolidate in the area of ​​18000.00. I believe that a new assault on the maximum will still be undertaken after a re-test of the 75% fib support beam, around 17900.00. The target top is still at 21900.00

DASH/USD

On Monday, December 18, the price of DASH managed to stay in the blue corridor, above the 61.8% Fibonacci support level, at 1040.00. On Tuesday, the price already attempted to storm a new high, but failed to overcome the 100% fib resistance above $1185.00. I believe that the level will still be broken and we will have a test of the planned height of 1240.00 followed by consolidation in the gray corridor between 100% and 78.6% fibonacci.  

XMR/USD

To compare the growth rate of prices for alternative coins, I propose to consider another interesting cryptocurrency pair Monero/US Dollar. What sparked your interest in Monero? This is another altcoin that, along with DASH, is fighting for a place in the sun in the anonymous transaction market. Its software code uses CryptoNote technology, which is similar to group signatures, but it is impossible to reveal the addresses of individual group members due to the peculiarities of the ring signature technology.

Monero was launched in April 2014 and in the initial stages its price fluctuated around eighty cents per coin. Now the price of Monero has exceeded $300 and continues its upward trend, constantly updating its highs.

According to leading crypto analysts, the number of anonymous transactions will grow, and along with them the price of those coins that best satisfy the needs in this market niche will rise. 

As can be seen from the chart, the price of XMR/USD is aimed at $380.00. Judging by the beige corridor of Fibonacci rays on Tuesday, December 19, it will be overcome, and the presentation of the cup with a beautiful inscription of $400 for monero should happen in the middle of this week.