BTC/USD
Overview :
The trend for Bitcoin remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market.
If the price of BTC/USD is lower than $5700, where the uptrend line is located (the trend was formed since March 2017), then the long-term reduction targets will be in the $4000- $3000 zone.
Current situation:
We still forecast a decrease in the price of BTC/USD to levels: $6100, $5700. We expect to see these goals in the near future.
Also, we do not exclude a deeper decline in Bitcoin's price to the level of $5000. But this scenario is possible if the price falls below $6100- $5700.
The cancellation of the short-term scenario is a rise in prices above the $6800 level.
Resistance levels: $6600; $6800; $6900; $7200; $7400.
Support levels: 6500; $6300; $6100; $5800; $5400; $4500.
Forecast:
The decrease in Bitcoin's price from the level of 6550 and with target of $6100.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
We stick to the short scenario.
The price of Ethereum is below the 220 mark. We expect the price of Ethereum to continue to decrease to the $180- $150 zone.
The cancellation of the price of ETH/USD reduction the buy out of the price above the level of $230.
Resistance levels: $220; $250, $270; $300; $325; $350; $380; $400.
Support levels: $200; $180; $150; $100.
Forecast:
Decrease in the price of ETH/USD from the current values ($210- $220) and the target in the $180- $150 zone.
XRP/USD
Overview:
The trend is downward.
Current situation:
Ripple rose to the level of $0.57 and is currently declining. We forecast the price drop to the zone $0.42 - $0.38.
Cancellation of the scenario may be caused by a growth above the level of $0.58.
Resistance levels: $0.45; $0.70; $0.76.
Support levels: $0.42; $0.38.
Forecast:
The Ripple price reduction from the level of $0.57 with a target in the $0.42- $0.38 zone.
BCH/USD
Overview:
The trend is bearish.
Current situation:
Bitcoin Cash yesterday declined to $425. At the moment the quotation is trading near the level of $450, which in our opinion is a good point for opening short positions with a stop above the level of $470. The minimum target is in the $400 - $350 zone. Also, we do not exclude a $300 level test, but this goal will be achieved in the medium term (October 2018).
Resistance levels: $450; $500; $520; $555; $600; $650; $680; $800.
Support levels: $400; $380.
Forecast:
The drop in the price of BCH / USD from the level of $450 with the target in the $400 - $350 zone.
LTC/USD
Overview:
The trend is bearish.
Current situation:
The price of Litecoin went up to $58. We expect the price to continue falling to the level of $46.
Cancellation of the scenario: LTC/USD price increase above the level of $58.
Resistance levels: $58; $60; $62; $65; $68; $72; $75.
Support levels: $56; $54; $50; $49; $46.
Forecast:
The decrease in the price of Litecoin from the level of $58 with the target of $46.
Overview :
The trend for Bitcoin remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market.
If the price of BTC/USD is lower than $5700, where the uptrend line is located (the trend was formed since March 2017), then the long-term reduction targets will be in the $4000- $3000 zone.
Current situation:
We still forecast a decrease in the price of BTC/USD to levels: $6100, $5700. We expect to see these goals in the near future.
Also, we do not exclude a deeper decline in Bitcoin's price to the level of $5000. But this scenario is possible if the price falls below $6100- $5700.
The cancellation of the short-term scenario is a rise in prices above the $6800 level.
Resistance levels: $6600; $6800; $6900; $7200; $7400.
Support levels: 6500; $6300; $6100; $5800; $5400; $4500.
Forecast:
The decrease in Bitcoin's price from the level of 6550 and with target of $6100.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
We stick to the short scenario.
The price of Ethereum is below the 220 mark. We expect the price of Ethereum to continue to decrease to the $180- $150 zone.
The cancellation of the price of ETH/USD reduction the buy out of the price above the level of $230.
Resistance levels: $220; $250, $270; $300; $325; $350; $380; $400.
Support levels: $200; $180; $150; $100.
Forecast:
Decrease in the price of ETH/USD from the current values ($210- $220) and the target in the $180- $150 zone.
XRP/USD
Overview:
The trend is downward.
Current situation:
Ripple rose to the level of $0.57 and is currently declining. We forecast the price drop to the zone $0.42 - $0.38.
Cancellation of the scenario may be caused by a growth above the level of $0.58.
Resistance levels: $0.45; $0.70; $0.76.
Support levels: $0.42; $0.38.
Forecast:
The Ripple price reduction from the level of $0.57 with a target in the $0.42- $0.38 zone.
BCH/USD
Overview:
The trend is bearish.
Current situation:
Bitcoin Cash yesterday declined to $425. At the moment the quotation is trading near the level of $450, which in our opinion is a good point for opening short positions with a stop above the level of $470. The minimum target is in the $400 - $350 zone. Also, we do not exclude a $300 level test, but this goal will be achieved in the medium term (October 2018).
Resistance levels: $450; $500; $520; $555; $600; $650; $680; $800.
Support levels: $400; $380.
Forecast:
The drop in the price of BCH / USD from the level of $450 with the target in the $400 - $350 zone.
LTC/USD
Overview:
The trend is bearish.
Current situation:
The price of Litecoin went up to $58. We expect the price to continue falling to the level of $46.
Cancellation of the scenario: LTC/USD price increase above the level of $58.
Resistance levels: $58; $60; $62; $65; $68; $72; $75.
Support levels: $56; $54; $50; $49; $46.
Forecast:
The decrease in the price of Litecoin from the level of $58 with the target of $46.