BitcoinShort
Trend Analysis: BTC ETH XRP BCH LTC
BTC/USD
Current situation:
The price of Bitcoin is above $6300. We expect a further decline in the BTC/USD quotes. Goals of the decline: $6100, $5700.
Cancellation of the scenario may be caused by Bitcoin price increase above $6800.
Resistance levels: $6400; $6450; $6800; $6900; $7200; $7400.
Support levels: $6300; $6100; $5800; $5400; $4500.
Forecast:
BTC/USD price reduction from $6300- $6400 with targets: $6100, $5700.
ETH/USD
Current situation: The quotation of the Ethereum continues to be in the growth channel with support near $200 and resistance in the area of $220- $230. If buyers manage to break through the resistance line, growth can be continued to the level of $280.
We remain in the position of sellers. The main support zone is $195-$185. If the sellers manage to break through this zone, then we will expect the ETH/USD price to drop to $150- $110.
Zones of resistance remain the same: $220, $240, $260 and $280.
We expect a further decline in the price of ETH/USD to levels of $150, $110.
Resistance levels: $220; $240, $280; $300; $325; $350; $380; $400.
Support levels: $200; $180; $150; $100.
Forecast:
Continued decline in the price of ETH/USD from $200-$220 zone with target in the area of $180- $150.
XRP/USD
Current situation:
Ripple price is near the $0.50 level.
If the sellers manage to break through the $0.44- $0.40 zone, then we will expect XRP/USD quotation near $0.30.
Also, we do not exclude the renewal of minimum prices in the $0.20- $0.15 zone.
Resistance levels: $0.50; $0.58; $0.70; $0.76.
Support levels: $0.44; $0.38; $0.30.
Forecast:
Reduction of the price of Ripple from the level of $0.50 and the target near the level of $0.30.
BCH/USD
Current situation:
The price of Bitcoin Cash is near $600. The following levels of support are the marks: 500, 425.
If the BCH/USD sellers manage to return the quotation below the 425 level, then we expect the BCH/USD price to be updated annually at $400- $350. Also, do not exclude the fall in prices to $300.
Resistance levels: $560; $600; $620; $650; $680; $800.
Support levels: $500; $425; $400; $350; $300.
Forecast:
Reduction of the price of BCH/USD from $560 and a target near $350.
LTC/USD
Current situation:
Litecoin price continues to trade above $50. We predict a fall in the price of LTC/USD to the level of $46, we also do not exclude a decline to the zone of $35 - $30.
Resistance levels: $54; $58; $60; $62; $65; $68; $72; $75.
Support levels: $50; $49; $46.
Forecast:
Drop in the price of Litecoin from the level of $51 and the target - $46.
Current situation:
The price of Bitcoin is above $6300. We expect a further decline in the BTC/USD quotes. Goals of the decline: $6100, $5700.
Cancellation of the scenario may be caused by Bitcoin price increase above $6800.
Resistance levels: $6400; $6450; $6800; $6900; $7200; $7400.
Support levels: $6300; $6100; $5800; $5400; $4500.
Forecast:
BTC/USD price reduction from $6300- $6400 with targets: $6100, $5700.
ETH/USD
Current situation: The quotation of the Ethereum continues to be in the growth channel with support near $200 and resistance in the area of $220- $230. If buyers manage to break through the resistance line, growth can be continued to the level of $280.
We remain in the position of sellers. The main support zone is $195-$185. If the sellers manage to break through this zone, then we will expect the ETH/USD price to drop to $150- $110.
Zones of resistance remain the same: $220, $240, $260 and $280.
We expect a further decline in the price of ETH/USD to levels of $150, $110.
Resistance levels: $220; $240, $280; $300; $325; $350; $380; $400.
Support levels: $200; $180; $150; $100.
Forecast:
Continued decline in the price of ETH/USD from $200-$220 zone with target in the area of $180- $150.
XRP/USD
Current situation:
Ripple price is near the $0.50 level.
If the sellers manage to break through the $0.44- $0.40 zone, then we will expect XRP/USD quotation near $0.30.
Also, we do not exclude the renewal of minimum prices in the $0.20- $0.15 zone.
Resistance levels: $0.50; $0.58; $0.70; $0.76.
Support levels: $0.44; $0.38; $0.30.
Forecast:
Reduction of the price of Ripple from the level of $0.50 and the target near the level of $0.30.
BCH/USD
Current situation:
The price of Bitcoin Cash is near $600. The following levels of support are the marks: 500, 425.
If the BCH/USD sellers manage to return the quotation below the 425 level, then we expect the BCH/USD price to be updated annually at $400- $350. Also, do not exclude the fall in prices to $300.
Resistance levels: $560; $600; $620; $650; $680; $800.
Support levels: $500; $425; $400; $350; $300.
Forecast:
Reduction of the price of BCH/USD from $560 and a target near $350.
LTC/USD
Current situation:
Litecoin price continues to trade above $50. We predict a fall in the price of LTC/USD to the level of $46, we also do not exclude a decline to the zone of $35 - $30.
Resistance levels: $54; $58; $60; $62; $65; $68; $72; $75.
Support levels: $50; $49; $46.
Forecast:
Drop in the price of Litecoin from the level of $51 and the target - $46.
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