Price
Friday pleased us with a bullish breakthrough above 6600 resistance, and even more, the price managed to hold out at new levels throughout the weekend. Until BTC price will reach above 7000 level we cant identify a turnaround pattern, so the breakthrough doesn’t change much of the wider view, but still it lefts more levels as a support below the price, which is a positive sign. For now, we have a supportive zone 6300 – 6600 below, and from above a highly resistive zone 6800 – 7000, a breakthrough of this zone will add much to the bullish overview of the chart. There is also a latest Bearish Trend Line arise on the way (trend line from the overall heights and 8500-peak on July 25) the clash with this trend line without any significant fundamental support could send the price down, testing 6600 support.
Today forecast
Trading in the 6600 – 7000 zone.
Latest news
Friday pleased us with a bullish breakthrough above 6600 resistance, and even more, the price managed to hold out at new levels throughout the weekend. Until BTC price will reach above 7000 level we cant identify a turnaround pattern, so the breakthrough doesn’t change much of the wider view, but still it lefts more levels as a support below the price, which is a positive sign. For now, we have a supportive zone 6300 – 6600 below, and from above a highly resistive zone 6800 – 7000, a breakthrough of this zone will add much to the bullish overview of the chart. There is also a latest Bearish Trend Line arise on the way (trend line from the overall heights and 8500-peak on July 25) the clash with this trend line without any significant fundamental support could send the price down, testing 6600 support.
Today forecast
Trading in the 6600 – 7000 zone.
Latest news
- Fourth Chinese cryptocurrencies rating list
China Electronic Information Industry Development (CCID) published the fourth in this year's rating of 33 crypto-currencies, adding new projects to the list: NULS and Tezos (21st and 28th).
For the third consecutive time, EOS took the lead. Bitcoin, compared with the previous month, rose from 16 lines to 10.
The second position is held by Ethereum, and the third place this time was Komodo, replacing the line below Nebulas. NEO closes the TOP-5 crypto-currency.
10 leaders:
1. EOS – the most popular in China infrastructure for decentralized applications
2. Ethereum – the most popular in the world blockchain app platform (decentralized applications)
3. Komodo – privacy-oriented cryptocurrency, a fork of ZCash, official cryptocurrency of SuperNet
4. Nebulas – from the founder and developers of NEO, promising smart contracts without scaling worries, the second layer of blockchain protocols that incorporate a massive range of tools and options along with search engine functionality.
5. NEO – smart contracts development platform (EOS and Ethereum competitor)
6. Stellar - distributed blockchain based ledger and database that facilitates cross-asset transfers of value, including payments.
7. Lisk - a decentralized app (DAPP) and sidechain development platform. Lisk APP SDK uses JavaScript.
8. GXChain - blockchain-based decentralized data exchange designed to set up a bridge between data sources released on different platforms and realize peer-to-peer data trading and sharing between all kinds of organizations or agencies
9. Steem - is a cryptocurrency used to power the platform Steemit - an incentivized blockchain social media platform (reward-for-content platform)
10. Bitcoin – digital cryptocurrency
In terms of the "innovation" parameter, the top five projects of the month included EOS, Bitcoin, Bitcoin Cash, Hcash, and Stratis. Bitcoin received the highest score in this category - 40.3, due to the high activity of working on the code of the first cryptocurrency.
Previously, CCID researchers stated that when evaluating a rating, they assess the technological capabilities, the usefulness of applications, and the level of innovative development of projects. This month, analysts have revised some data accounting techniques. The researchers do not report what exact changes to the evaluation techniques where made.
