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:
At the moment, Bitcoin's price is trading above the level of 6600. The short scenario remains in force. The goals of lowering the BTC/USD quotation: 6100, 5700.
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.
Cancellation of the scenario can be caused by growth above the level of $7400.
Resistance levels: $6800; $6900; $7200; $7400.
Support levels: $6550; $6300; $6100; $5800; $5400; $4500.
Forecast:
The decrease in the price of Bitcoin from the $6600- $6700 zone and the target of $6100.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
The price of Ethereum is near the resistance level at around $240. We expect the price of ETH/USD to fall to $180 - $150.
The cancellation of the price decrease of ETH/USD can be caused by the growth of the quotation above the level of $270.
Resistance levels: $240, $270; $300; $325; $350; $380; $400.
Support levels: $220; $200; $180; $150; $100.
Forecast:
Decrease in the price of ETH/USD from current values ($230- $240) and the target in the $180- $150 zone.
XRP/USD
Overview:
The trend is downward.
Current situation:
Ripple has broken through the resistance on a mark of 0,58 and at the moment the quotation is above the level 0,60. We do not recommend buying an asset on these values. As, the main crypto currency market looks very weak, this can provoke a decline in the XRP/USD asset.
Resistance levels: $0.70; $0.76.
Support levels: $0.58; $0.42; $0.38.
Forecast:
Reduction of the price of Ripple from the zone $0.63 - $0.60 with a target in the $0.42- $0.38 zone.
BCH/USD
Overview:
The trend is bearish.
Current situation:
The price of BCH/USD tested the bottom-up level of $550 and went lower to the level of 540. We expect the price to fall after breaking through the $500 mark. Levels of decline remain the same: $400, $350.
Resistance levels: $560; $600; $650; $680; $800.
Support levels: $520; $500; $450; $400; $380.
Forecast:
The drop in the price of BCH/USD from the level of $550 and the target in the $400 - $350 zone.
LTC/USD
Overview:
Trend is bearish.
Current situation:
The current situation remains the same, we expect a decrease in the price of Litecoin to $46.
Cancellation of the scenario can be caused by fixing the price of LTC/USD above $68.
Resistance levels: $62; $65; $68; $72; $75.
Support levels: $60; $58; $56; $54; $50; $49; $46.
Forecast:
The decrease in the price of Litecoin from the level of $62 and 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:
At the moment, Bitcoin's price is trading above the level of 6600. The short scenario remains in force. The goals of lowering the BTC/USD quotation: 6100, 5700.
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.
Cancellation of the scenario can be caused by growth above the level of $7400.
Resistance levels: $6800; $6900; $7200; $7400.
Support levels: $6550; $6300; $6100; $5800; $5400; $4500.
Forecast:
The decrease in the price of Bitcoin from the $6600- $6700 zone and the target of $6100.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
The price of Ethereum is near the resistance level at around $240. We expect the price of ETH/USD to fall to $180 - $150.
The cancellation of the price decrease of ETH/USD can be caused by the growth of the quotation above the level of $270.
Resistance levels: $240, $270; $300; $325; $350; $380; $400.
Support levels: $220; $200; $180; $150; $100.
Forecast:
Decrease in the price of ETH/USD from current values ($230- $240) and the target in the $180- $150 zone.
XRP/USD
Overview:
The trend is downward.
Current situation:
Ripple has broken through the resistance on a mark of 0,58 and at the moment the quotation is above the level 0,60. We do not recommend buying an asset on these values. As, the main crypto currency market looks very weak, this can provoke a decline in the XRP/USD asset.
Resistance levels: $0.70; $0.76.
Support levels: $0.58; $0.42; $0.38.
Forecast:
Reduction of the price of Ripple from the zone $0.63 - $0.60 with a target in the $0.42- $0.38 zone.
BCH/USD
Overview:
The trend is bearish.
Current situation:
The price of BCH/USD tested the bottom-up level of $550 and went lower to the level of 540. We expect the price to fall after breaking through the $500 mark. Levels of decline remain the same: $400, $350.
Resistance levels: $560; $600; $650; $680; $800.
Support levels: $520; $500; $450; $400; $380.
Forecast:
The drop in the price of BCH/USD from the level of $550 and the target in the $400 - $350 zone.
LTC/USD
Overview:
Trend is bearish.
Current situation:
The current situation remains the same, we expect a decrease in the price of Litecoin to $46.
Cancellation of the scenario can be caused by fixing the price of LTC/USD above $68.
Resistance levels: $62; $65; $68; $72; $75.
Support levels: $60; $58; $56; $54; $50; $49; $46.
Forecast:
The decrease in the price of Litecoin from the level of $62 and the target of $46.