BitcoinLong
Trend Analysis: BTC ETH XRP BCH LTC
BTC/USD
Overview:
The Bitcoin trend remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market.
Current situation:
The price is trading above $7000. We expect further growth of the price to the targets: $7200, $7500. Levels of possible price rollback: $6800, $6600. Cancellation of a long signal is the price going below the level of 6600.
Resistance levels: $7200; $7500, $7800.
Support levels: $6350; $6100; $5800; $5400; $4500
Forecast:
The increase in Bitcoin's price from the level of $7000 and the targets: $7200, $7500.
ETH/USD
Overview: The global trend remains descending.
Current situation:
The price of the Ethereum continues its growth, on the way of growth the main levels of resistance are the marks: $320, $340, $360. Cancellation of the scenario is the price going below $270.
Resistance levels: $300; $325; $350; $380; $400.
Support levels: $270; $250; $240, $220, $180.
Forecast:
The continuation of the growth of the price of the Ethereum from the level of $290 and the target in the $350- $380 zone.
XRP/USD
Overview:
Downtrend.
Current situation:
We expect the price of XRP/USD to continue to increase to $0.38- $0.42. The cancellation of the forecast is the withdrawal of the price below $0.32.
Resistance levels: $0,36; $0,38; $0,40; $0,44; $0,47; $0,52; $0,54.
Support levels: $0,30; $0,28; $0,24; $0,22.
Forecast:
Ripple price rising upwards to $0.38- $0.42.
BCH/USD
Overview:
Trend is bearish.
Current situation:
Bitcoin Cash is traded in the growth channel. The resistance of this channel is located in the zone 650-680. We expect the price to continue to increase to the $650- $680 zone. Cancellation of the signal is the price going below $530.
Resistance levels: $585; $600; $620; $650; $680.
Support levels: $500; $470; $450; $400.
Forecast:
The rise of the Bitcoin Cash price to $680.
LTC/USD
Overview:
Trend is bearish.
Current situation:
The Litecoin quotation is trading above the level of $62. We expect further price growth to the $65- $72 zone. Canceling the long-term scenario is the price going below $55.
Resistance levels: $62; $65; $67; $72; $75.
Support levels: $55; $50; $46.
Forecast:
Continuation of the growth of the price of Litecoin to the $65- $72 zone.
Overview:
The Bitcoin trend remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market.
Current situation:
The price is trading above $7000. We expect further growth of the price to the targets: $7200, $7500. Levels of possible price rollback: $6800, $6600. Cancellation of a long signal is the price going below the level of 6600.
Resistance levels: $7200; $7500, $7800.
Support levels: $6350; $6100; $5800; $5400; $4500
Forecast:
The increase in Bitcoin's price from the level of $7000 and the targets: $7200, $7500.
ETH/USD
Overview: The global trend remains descending.
Current situation:
The price of the Ethereum continues its growth, on the way of growth the main levels of resistance are the marks: $320, $340, $360. Cancellation of the scenario is the price going below $270.
Resistance levels: $300; $325; $350; $380; $400.
Support levels: $270; $250; $240, $220, $180.
Forecast:
The continuation of the growth of the price of the Ethereum from the level of $290 and the target in the $350- $380 zone.
XRP/USD
Overview:
Downtrend.
Current situation:
We expect the price of XRP/USD to continue to increase to $0.38- $0.42. The cancellation of the forecast is the withdrawal of the price below $0.32.
Resistance levels: $0,36; $0,38; $0,40; $0,44; $0,47; $0,52; $0,54.
Support levels: $0,30; $0,28; $0,24; $0,22.
Forecast:
Ripple price rising upwards to $0.38- $0.42.
BCH/USD
Overview:
Trend is bearish.
Current situation:
Bitcoin Cash is traded in the growth channel. The resistance of this channel is located in the zone 650-680. We expect the price to continue to increase to the $650- $680 zone. Cancellation of the signal is the price going below $530.
Resistance levels: $585; $600; $620; $650; $680.
Support levels: $500; $470; $450; $400.
Forecast:
The rise of the Bitcoin Cash price to $680.
LTC/USD
Overview:
Trend is bearish.
Current situation:
The Litecoin quotation is trading above the level of $62. We expect further price growth to the $65- $72 zone. Canceling the long-term scenario is the price going below $55.
Resistance levels: $62; $65; $67; $72; $75.
Support levels: $55; $50; $46.
Forecast:
Continuation of the growth of the price of Litecoin to the $65- $72 zone.
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