VARZAR_INVESTMENT

Trend Analysis: BTC ETH XRP BCH LTC

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
BTC/USD
Overview:

Bitcoin trend 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 quotation has decreased to $6500, where the support line is located. In the event of a breakdown of $6500, we expect a decline to $6100.

In our opinion, the price of Bitcoin can go deeper, 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: $6500; $6300; $6100; $5800; $5400; $4500.

Forecast:
Bitcoin price decrease from the $6500- $6600 zone and the target - $6100.

ETH/USD
Overview:
The global trend remains descending.

Current situation:
We expect the price reduction of ETH/USD to the $180 - $150 zone, after breaking through the level of $220.
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 ($220- $230) and the target in the $180- $150 zone.

XRP/USD
Overview:
Downtrend

Current situation:
The quotation of XRP/USD tested the level of $0.62 from the bottom-up and went down and is currently trading near the 0.56 mark. We do not recommend buying an asset on these values.

Resistance levels: $0.58; $0.70; $0.76.
Support levels: $0.42; $0.38.

Forecast:
Decrease in the price of Ripple from the zone $0.58 - $0.53 with a target in the $0.42- $0.38 zone.

BCH/USD
Overview:
The trend is bearish .

Current situation:
We expect the price drop of Bitcoin Cash to levels: $400, $350.

Resistance levels: $560; $600; $650; $680; $800.
Support levels: $520; $500; $450; $400; $380.

Forecast:
The price of BCH/USD is falling from the level of $530 and the target in the $400 - $350 zone.

LTC/USD
Overview:
The trend is bearish .

Current situation: The current situation remains the same, we expect a decrease in the price of Litecoin to $46.
Cancelation 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:
Drop in the price of Litecoin from the level of $60 and the target - $46.
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