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:
The long-term scenario was canceled; Bitcoin's price broke through the support level of $6600. We expect the price of BTC/USD to fall to $6300, $6100.
Also, we do not rule out a deeper decline in Bitcoin's price to the level of $5700. But this scenario is possible if the price falls below $6100.
The last hope for buyers is the level of $6300, where the support line of the rising channel is located.
Resistance levels: $6500; $6800; $6900; $7200; $7400.
Support levels: $6300; $6100; $5800; $5400; $4500.
Forecast:
The decrease in Bitcoin's price from the level of $6400 and the target in the $6300-$6100 zone.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
The price of Ethereum is below $220. We expect the price of Ethereum to continue to decrease to $180 - $150.
The cancelation of ETH/USD price reduction can happen because of the buying out of the price above the level of $220.
Resistance levels: $220; $250, $270; $300; $325; $350; $380; $400.
Support levels: $200; $180; $150; $100.
Forecast:
Reduction of the price of ETH/USD from the level of $210 and the target in the $180 - $150 zone.
XRP/USD
Overview:
The trend is downward.
Current situation:
We expect the price to continue falling to the level of $0.42. We do not recommend buying.
Resistance levels: $0.45; $0.70; $0.76.
Support levels: $0.42; $0.38.
Forecast:
Ripple price reduction to $0.42.
BCH/USD
Overview:
The trend is bearish.
Current situation:
Bitcoin Cash price broke the level of $440. We expect the price of BCH/USD to continue falling to the $400- $380 zone.
Cancellation of the scenario is the growth of quotation above the level of $440.
Resistance levels: $440; $500; $520; $555; $600; $650; $680; $800.
Support levels: $400; $380.
Forecast:
The fall in the price of BCH/USD from the level of $440 and the target in the $400 - $380 zone.
LTC/USD
Overview:
The trend is bearish.
Current situation:
Litecoin price is near the level of $54, where support for the rising channel passes. If sellers get to break through this level, then we will expect a quotation near the level of $46.
Cancellation of the scenario: LTC/USD price increase above the level of $58.
Resistance levels: $56; $58; $60; $62; $65; $68; $72; $75.
Support levels: $54; $50; $49; $46.
Forecast:
The decrease in the price of Litecoin from the level of $54 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:
The long-term scenario was canceled; Bitcoin's price broke through the support level of $6600. We expect the price of BTC/USD to fall to $6300, $6100.
Also, we do not rule out a deeper decline in Bitcoin's price to the level of $5700. But this scenario is possible if the price falls below $6100.
The last hope for buyers is the level of $6300, where the support line of the rising channel is located.
Resistance levels: $6500; $6800; $6900; $7200; $7400.
Support levels: $6300; $6100; $5800; $5400; $4500.
Forecast:
The decrease in Bitcoin's price from the level of $6400 and the target in the $6300-$6100 zone.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
The price of Ethereum is below $220. We expect the price of Ethereum to continue to decrease to $180 - $150.
The cancelation of ETH/USD price reduction can happen because of the buying out of the price above the level of $220.
Resistance levels: $220; $250, $270; $300; $325; $350; $380; $400.
Support levels: $200; $180; $150; $100.
Forecast:
Reduction of the price of ETH/USD from the level of $210 and the target in the $180 - $150 zone.
XRP/USD
Overview:
The trend is downward.
Current situation:
We expect the price to continue falling to the level of $0.42. We do not recommend buying.
Resistance levels: $0.45; $0.70; $0.76.
Support levels: $0.42; $0.38.
Forecast:
Ripple price reduction to $0.42.
BCH/USD
Overview:
The trend is bearish.
Current situation:
Bitcoin Cash price broke the level of $440. We expect the price of BCH/USD to continue falling to the $400- $380 zone.
Cancellation of the scenario is the growth of quotation above the level of $440.
Resistance levels: $440; $500; $520; $555; $600; $650; $680; $800.
Support levels: $400; $380.
Forecast:
The fall in the price of BCH/USD from the level of $440 and the target in the $400 - $380 zone.
LTC/USD
Overview:
The trend is bearish.
Current situation:
Litecoin price is near the level of $54, where support for the rising channel passes. If sellers get to break through this level, then we will expect a quotation near the level of $46.
Cancellation of the scenario: LTC/USD price increase above the level of $58.
Resistance levels: $56; $58; $60; $62; $65; $68; $72; $75.
Support levels: $54; $50; $49; $46.
Forecast:
The decrease in the price of Litecoin from the level of $54 and with the target of $46.