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 are waiting for the exit from the ascending channel down. If that the price of BTC/USD goes below $6400. Goals of the decline: $6100, $5700.
Also, we do not rule out 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 Bitcoin's price from the $6500- $6700 zone and the target of $6100.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
The price of Ethereum was not able to return to its uptrend (consolidation above $240). We expect the price of Ethereum to continue to decrease to $180 - $150.
The cancelation of the ETH/USD price reduction can be caused by buying out the quotation above $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:
The current situation for Ripple remains the same. We forecast the price drop to the zone $0.42 - $0.38.
Cancellation of the scenario can be caused by a growth above the level of $0.58.
Resistance levels: $0.58; $0.70; $0.76.
Support levels: $0.42; $0.38.
Forecast:
Ripple price reduction from the zone of $0.54 - $0.53 with a target in the $0.42- $0.38 zone.
BCH/USD
Overview :
The trend is bearish.
Current situation:
At the moment, the BCH/USD quotation is trading near the $560 level. We expect the acceleration of the price drop, after breaking through the $500 mark. The levels of decline remain the same - $400, $350.
Resistance levels: $560; $600; $650; $680; $800.
Support levels: $520; $500; $450; $400; $380.
Forecast:
The fall in the price of BCH/USD from the level of $550 and the target in the $400 - $350 zone.
LTC/USD
Overview :
The trend is bearish.
Current situation:
We expect the price to continue falling to the level of $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 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 are waiting for the exit from the ascending channel down. If that the price of BTC/USD goes below $6400. Goals of the decline: $6100, $5700.
Also, we do not rule out 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 Bitcoin's price from the $6500- $6700 zone and the target of $6100.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
The price of Ethereum was not able to return to its uptrend (consolidation above $240). We expect the price of Ethereum to continue to decrease to $180 - $150.
The cancelation of the ETH/USD price reduction can be caused by buying out the quotation above $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:
The current situation for Ripple remains the same. We forecast the price drop to the zone $0.42 - $0.38.
Cancellation of the scenario can be caused by a growth above the level of $0.58.
Resistance levels: $0.58; $0.70; $0.76.
Support levels: $0.42; $0.38.
Forecast:
Ripple price reduction from the zone of $0.54 - $0.53 with a target in the $0.42- $0.38 zone.
BCH/USD
Overview :
The trend is bearish.
Current situation:
At the moment, the BCH/USD quotation is trading near the $560 level. We expect the acceleration of the price drop, after breaking through the $500 mark. The levels of decline remain the same - $400, $350.
Resistance levels: $560; $600; $650; $680; $800.
Support levels: $520; $500; $450; $400; $380.
Forecast:
The fall in the price of BCH/USD from the level of $550 and the target in the $400 - $350 zone.
LTC/USD
Overview :
The trend is bearish.
Current situation:
We expect the price to continue falling to the level of $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 with the target of $46.