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:
Bitcoin's quotation yesterday tested the bottom-up level of $6550 and went down. We remain in the position of sellers. The targets of BTC/USD price drop are $6100, $5700.
The cancellation of the short-term scenario is a rise in price above the $6800 level.
Resistance levels: $6550; $6600; $6800; $6900; $7200; $7400.
Support levels: $6300; $6100; $5800; $5400; $4500.
Forecast:
The decrease in Bitcoin's price from the level of $6550 and with the 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 $220. We expect the price of Ethereum to continue to decrease to $180 - $150.
The cancellation of the price reduction of ETH/USD: 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) with the target in the $180- $150 zone.
XRP/USD
Overview:
The trend is downward.
Current situation:
We forecast the price drop to the zone $0.42 - $0.38.
Growth above the level of $ 0.58 will be considered cancellation of the scenario.
Resistance levels: $0.58; $0.70; $0.76.
Support levels: $0.42; $0.38.
Forecast:
The Ripple price drop starting from the level of $0.53 with a target in the $0.42- $0.38 zone.
BCH/USD
Overview:
The trend is bearish.
Current situation:
Bitcoin Cash yesterday unexpectedly increased by 20%. At the moment, it is trading above $550. In our opinion, this was the removal of sellers (Short-squeeze). We think that further lowering of the price of BCH / USD is probable. 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 $570 with the target in the $400 - $350 zone.
LTC/USD
Overview:
The trend is bearish.
Current situation:
The price of Litecoin went up to $64. We expect the price to continue falling to the level of $46.
Cancellation of the scenario: fixing the price of LTC/USD above $68.
Resistance levels: $64; $66; $68; $72; $75.
Support levels: $58; $56; $54; $50; $49; $46.
Forecast:
The decrease in the price of Litecoin from the level of $64 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:
Bitcoin's quotation yesterday tested the bottom-up level of $6550 and went down. We remain in the position of sellers. The targets of BTC/USD price drop are $6100, $5700.
The cancellation of the short-term scenario is a rise in price above the $6800 level.
Resistance levels: $6550; $6600; $6800; $6900; $7200; $7400.
Support levels: $6300; $6100; $5800; $5400; $4500.
Forecast:
The decrease in Bitcoin's price from the level of $6550 and with the 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 $220. We expect the price of Ethereum to continue to decrease to $180 - $150.
The cancellation of the price reduction of ETH/USD: 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) with the target in the $180- $150 zone.
XRP/USD
Overview:
The trend is downward.
Current situation:
We forecast the price drop to the zone $0.42 - $0.38.
Growth above the level of $ 0.58 will be considered cancellation of the scenario.
Resistance levels: $0.58; $0.70; $0.76.
Support levels: $0.42; $0.38.
Forecast:
The Ripple price drop starting from the level of $0.53 with a target in the $0.42- $0.38 zone.
BCH/USD
Overview:
The trend is bearish.
Current situation:
Bitcoin Cash yesterday unexpectedly increased by 20%. At the moment, it is trading above $550. In our opinion, this was the removal of sellers (Short-squeeze). We think that further lowering of the price of BCH / USD is probable. 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 $570 with the target in the $400 - $350 zone.
LTC/USD
Overview:
The trend is bearish.
Current situation:
The price of Litecoin went up to $64. We expect the price to continue falling to the level of $46.
Cancellation of the scenario: fixing the price of LTC/USD above $68.
Resistance levels: $64; $66; $68; $72; $75.
Support levels: $58; $56; $54; $50; $49; $46.
Forecast:
The decrease in the price of Litecoin from the level of $64 with the target of $46.