BitcoinShort
Trend Analysis: BTC ETH XRP BCH LTC
BTC/USD
Overview:
Bitcoin is in a downtrend. All the highs and lows of the price have a decreasing trend, which is typical for the bear market.
Current situation:
Bitcoin price yesterday rose sharply to $6450. At the moment, the quotation is trading near the $6300 level. We expect further growth within the correction to the $6600 - $6800 zone. If the price falls below 6100, then the upward correction will be canceled.
Resistance levels: $6600; $6800; $6900; $6800; $6600; $7200; $7500, $7800; $8500.
Support levels: $6300; $6100; $5800; $5400; $4500.
Forecast:
The decrease in Bitcoin's price from $6600 to $6800 to $5500 to $5000. We do not recommend buying.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
Ethereum quotation approached $200. After finishing the correction up to the zone 200 - 250, we expect the Ethereum price to fall down to levels: $180, $150.
Resistance levels: $250; $240, $270; $300; $325; $350; $380; $400.
Support levels: $220; 200$; $180; $150.
Forecast:
Reduction of the price of ETH/USD from the $220- $250 zone and to the $180 - $150 zone.
XRP/USD
Overview:
Downtrend.
Current situation:
Ripple price is below $0.30. We expect the decline of this asset to continue to the level of $0.20.
Resistance levels: $0.30; $0.32; $0.35; $0.38; $0.40; $0.44; $0.47; $0.52.
Support levels: $0.28; $0.24; $0.22; $0.15.
Forecast:
The decrease in the Ripple quotation from the level of $0.27 and the target in the range from $0.24 to $0.20.
BCH/USD
Overview:
The trend is bearish.
Current situation:
Bitcoin Cash approached the level of 500 and was unable to break this level. We expect the price to fall to the level of $400, after finishing the correction up to the zone 500-540.
Resistance levels: $500; $520; $555; $600; $650; $680; $800.
Support levels: $470; $450; $400.
Forecast:
The reduction of the Bitcoin Cash price from the level of $500-$540 and with targets near the levels: $450, $400.
LTC/USD
Overview:
The trend is bearish.
Current situation:
The Litecoin price at the moment is trading below $55. We expect the LTC/USD price to fall below this level to $50- $46.
Resistance levels: $60; $58; $65; $68; $72; $75.
Support levels: $55; $50; $46.
Forecast:
LTC/USD price decrease from the level of $55 and targets near the marks: $50, $46.
Overview:
Bitcoin is in a downtrend. All the highs and lows of the price have a decreasing trend, which is typical for the bear market.
Current situation:
Bitcoin price yesterday rose sharply to $6450. At the moment, the quotation is trading near the $6300 level. We expect further growth within the correction to the $6600 - $6800 zone. If the price falls below 6100, then the upward correction will be canceled.
Resistance levels: $6600; $6800; $6900; $6800; $6600; $7200; $7500, $7800; $8500.
Support levels: $6300; $6100; $5800; $5400; $4500.
Forecast:
The decrease in Bitcoin's price from $6600 to $6800 to $5500 to $5000. We do not recommend buying.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
Ethereum quotation approached $200. After finishing the correction up to the zone 200 - 250, we expect the Ethereum price to fall down to levels: $180, $150.
Resistance levels: $250; $240, $270; $300; $325; $350; $380; $400.
Support levels: $220; 200$; $180; $150.
Forecast:
Reduction of the price of ETH/USD from the $220- $250 zone and to the $180 - $150 zone.
XRP/USD
Overview:
Downtrend.
Current situation:
Ripple price is below $0.30. We expect the decline of this asset to continue to the level of $0.20.
Resistance levels: $0.30; $0.32; $0.35; $0.38; $0.40; $0.44; $0.47; $0.52.
Support levels: $0.28; $0.24; $0.22; $0.15.
Forecast:
The decrease in the Ripple quotation from the level of $0.27 and the target in the range from $0.24 to $0.20.
BCH/USD
Overview:
The trend is bearish.
Current situation:
Bitcoin Cash approached the level of 500 and was unable to break this level. We expect the price to fall to the level of $400, after finishing the correction up to the zone 500-540.
Resistance levels: $500; $520; $555; $600; $650; $680; $800.
Support levels: $470; $450; $400.
Forecast:
The reduction of the Bitcoin Cash price from the level of $500-$540 and with targets near the levels: $450, $400.
LTC/USD
Overview:
The trend is bearish.
Current situation:
The Litecoin price at the moment is trading below $55. We expect the LTC/USD price to fall below this level to $50- $46.
Resistance levels: $60; $58; $65; $68; $72; $75.
Support levels: $55; $50; $46.
Forecast:
LTC/USD price decrease from the level of $55 and targets near the marks: $50, $46.
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