BitcoinShort
Trend Analysis: BTC ETH XRP BCH LTC
BTC/USD
Current situation:
The current situation is unchanged. On the daily chart you can see the expansion of the downward channel with the support line near the $2000 mark. If Bitcoin prices go below $3000, then we are most likely to see a quote near the $2000 support line.
Cancellation of the scenario may be caused by Bitcoin price increase above $6100.
We do not rule out a BTC/USD correction up from the current mark ($3950) and a target near levels: $5200, $5700, and possibly $6100. But for this, the Bitcoin quote needs to be fixed above the level of $4500.
Resistance levels: $4050; $4350; $4500; $5000; $5700; $6100; $6400.
Support levels: $3500; $3000; $2000.
Forecast:
After the end of the upward correction, the continuation of the BTC/USD price reduction to the zone of $3000- $2000.
ETH/USD
Current situation:
Nothing changed. The price of Ethereum is near $110. If the ETH/USD quote consolidates below this level, then we will expect it in the range of $90- $85.
If the price of Ethereum rises above $120, then the projected levels of correction are up: $130, $165, $185.
Resistance levels: $114; $120; $130; $150; $185; $195; $220; $240.
Support levels: $110; $100; $90; $85.
Forecast:
After the end of the correction, the continuation of the ETH/USD price drop to the $90- $85 zone.
XRP/USD
Current situation: After the end of the correction, we expect the decline of Ripple quotation to levels: $0,30, $0,25.
Also, we do not exclude a deeper immersion of XRP/USD quotes to $0.20- $0.15.
The projected levels of correction upwards of Ripple are as follows $0.40, $0.44, $0.47.
Resistance levels: $0,38; $0,44; $0,50; $0,58; $0,70; $0,76.
Support levels: $0.30; $0.20; $0.15.
Forecast:
Reduction of the Ripple price to the levels: $0,30, $0,25.
BCH/USD
Current situation: The BCH/USD quote has broken through the top-down level of $150 and is below this level. We expect a continued decline in Bitcoin Cash to levels: $120 and $100.
If the asset grows above the level of 180, then the predicted upward correction levels are $200, $210.
Resistance levels: $150; $180; $200; $220; $300; $350; $400; $425.
Support levels: $120; $100.
Forecast:
BCH/USD price reduction to levels: $120; $100.
LTC/USD
Current situation:
Litecoin price is trading above $30. We expect LTC/USD quotes in the range of $25- $20.
Predicted levels of correction upwards of Litecoin are as follows $40, $42 and $46.
Resistance levels: $35; $40; $46; $49; $50; $54; $58.
Support levels: $30; $27; $25.
Forecast:
Litecoin price reduction to $25, after the end of the correction.
Current situation:
The current situation is unchanged. On the daily chart you can see the expansion of the downward channel with the support line near the $2000 mark. If Bitcoin prices go below $3000, then we are most likely to see a quote near the $2000 support line.
Cancellation of the scenario may be caused by Bitcoin price increase above $6100.
We do not rule out a BTC/USD correction up from the current mark ($3950) and a target near levels: $5200, $5700, and possibly $6100. But for this, the Bitcoin quote needs to be fixed above the level of $4500.
Resistance levels: $4050; $4350; $4500; $5000; $5700; $6100; $6400.
Support levels: $3500; $3000; $2000.
Forecast:
After the end of the upward correction, the continuation of the BTC/USD price reduction to the zone of $3000- $2000.
ETH/USD
Current situation:
Nothing changed. The price of Ethereum is near $110. If the ETH/USD quote consolidates below this level, then we will expect it in the range of $90- $85.
If the price of Ethereum rises above $120, then the projected levels of correction are up: $130, $165, $185.
Resistance levels: $114; $120; $130; $150; $185; $195; $220; $240.
Support levels: $110; $100; $90; $85.
Forecast:
After the end of the correction, the continuation of the ETH/USD price drop to the $90- $85 zone.
XRP/USD
Current situation: After the end of the correction, we expect the decline of Ripple quotation to levels: $0,30, $0,25.
Also, we do not exclude a deeper immersion of XRP/USD quotes to $0.20- $0.15.
The projected levels of correction upwards of Ripple are as follows $0.40, $0.44, $0.47.
Resistance levels: $0,38; $0,44; $0,50; $0,58; $0,70; $0,76.
Support levels: $0.30; $0.20; $0.15.
Forecast:
Reduction of the Ripple price to the levels: $0,30, $0,25.
BCH/USD
Current situation: The BCH/USD quote has broken through the top-down level of $150 and is below this level. We expect a continued decline in Bitcoin Cash to levels: $120 and $100.
If the asset grows above the level of 180, then the predicted upward correction levels are $200, $210.
Resistance levels: $150; $180; $200; $220; $300; $350; $400; $425.
Support levels: $120; $100.
Forecast:
BCH/USD price reduction to levels: $120; $100.
LTC/USD
Current situation:
Litecoin price is trading above $30. We expect LTC/USD quotes in the range of $25- $20.
Predicted levels of correction upwards of Litecoin are as follows $40, $42 and $46.
Resistance levels: $35; $40; $46; $49; $50; $54; $58.
Support levels: $30; $27; $25.
Forecast:
Litecoin price reduction to $25, after the end of the correction.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.