Weekly review of 10 main cryptocurrencies 14.05.18 - 20.05.18
Last week main cryptocurrencies slightly decreased reaching new local minimums during the week. Bitcoin was reaching the minimum of $ 7’925. Its share in total capitalization rose up to 37,2%.
The number of billionaire-coins increased to 25 and the total number (according to coinmarketcap.com) fell to 1’593.
The total capitalization of cryptocurrencies decreased to $ 389 billion.
Bitcoin went down by 2% from $ 8’680 to $ 8’520 last week, the minimum was $ 7’925.
The local top around $ 10’000 is indicated. The first target of growth correction: fast moving average around $ 8’300 has been reached but has not been overcome yet. If the decline continues below $ 8’000 we can consider the resumption of medium-term downward trend with the prospect of retesting $ 6’500.
Until $10,000 is overcome, the long-term technical picture remains bearish.
Ethereum decreased by 2% from $ 730 to $ 715 during the last week, its minimum was $ 645.
Ethereum couldn’t keep above low moving average and corrected down. However, the decrease did not stop at that. And slow-moving average has not went down yet. The further consolidation between $ 600 and $ 800 is the most likely this week.
Ripple (XRPUSD) decreased by further 4% from $ 0,73 to $ 0,730, the minimum was $ 0,64.
The key resistance zone of $ 0,9 and $ 1 turned the market. Low moving average accelerated its going down. The further decline is more likely.
BCHUSD went down by further 13% from $ 1’480 to $ 1’290 last week, the minimum was $ 1’128.
The rate couldn’t resist in key resistance zone of $ 1’400 and $ 1’600 and started to decline.
It seems that its previous upstream break was false. Now the prospect of further rise is quite vague. However, the fall was stopped by fast moving average.
Litecoin decreased by further 3% from $ 144 to $ 139, the minimum was $ 128.
Obvious turn from growth to decline. The subsequent decline to support of around $ 100 is likely to happen.
IOTA declined by further 8,5% from $ 2 to $ 1,83 last week with its minimum of $ 1,64.
The key level of $ 2,2 finally turned the market.
The subsequent decline to $ 1 is technically more likely.
NEO went down by further 6% from $ 68 to $ 64, the minimum was $ 56.
Resistance around $ 90 became a point of sales resumption. While the rate is lower than $ 90, the further long-term decline with the first target of $ 45 is more likely.
Monero decreased by further 1,5% from $ 207 to $ 204 with the minimum of $ 185.
Active sales resumed. The subsequent decline is more likely.
DASH fell by further 3,5% from $ 414 to $ 400, the minimum was $ 369.
Bears came back to market. The further decline is more likely.
NEM went down by further 8% from $ 0,35 to $ 0,32 last week, the minimum was $ 0,29.
Sellers came back to market and compensated the existing demand. The further consolidation between $ 0,2 and $ 0,5 is more likely.
Wish you profitable deals!
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The number of billionaire-coins increased to 25 and the total number (according to coinmarketcap.com) fell to 1’593.
The total capitalization of cryptocurrencies decreased to $ 389 billion.
Bitcoin went down by 2% from $ 8’680 to $ 8’520 last week, the minimum was $ 7’925.
The local top around $ 10’000 is indicated. The first target of growth correction: fast moving average around $ 8’300 has been reached but has not been overcome yet. If the decline continues below $ 8’000 we can consider the resumption of medium-term downward trend with the prospect of retesting $ 6’500.
Until $10,000 is overcome, the long-term technical picture remains bearish.
Ethereum decreased by 2% from $ 730 to $ 715 during the last week, its minimum was $ 645.
Ethereum couldn’t keep above low moving average and corrected down. However, the decrease did not stop at that. And slow-moving average has not went down yet. The further consolidation between $ 600 and $ 800 is the most likely this week.
Ripple (XRPUSD) decreased by further 4% from $ 0,73 to $ 0,730, the minimum was $ 0,64.
The key resistance zone of $ 0,9 and $ 1 turned the market. Low moving average accelerated its going down. The further decline is more likely.
BCHUSD went down by further 13% from $ 1’480 to $ 1’290 last week, the minimum was $ 1’128.
The rate couldn’t resist in key resistance zone of $ 1’400 and $ 1’600 and started to decline.
It seems that its previous upstream break was false. Now the prospect of further rise is quite vague. However, the fall was stopped by fast moving average.
Litecoin decreased by further 3% from $ 144 to $ 139, the minimum was $ 128.
Obvious turn from growth to decline. The subsequent decline to support of around $ 100 is likely to happen.
IOTA declined by further 8,5% from $ 2 to $ 1,83 last week with its minimum of $ 1,64.
The key level of $ 2,2 finally turned the market.
The subsequent decline to $ 1 is technically more likely.
NEO went down by further 6% from $ 68 to $ 64, the minimum was $ 56.
Resistance around $ 90 became a point of sales resumption. While the rate is lower than $ 90, the further long-term decline with the first target of $ 45 is more likely.
Monero decreased by further 1,5% from $ 207 to $ 204 with the minimum of $ 185.
Active sales resumed. The subsequent decline is more likely.
DASH fell by further 3,5% from $ 414 to $ 400, the minimum was $ 369.
Bears came back to market. The further decline is more likely.
NEM went down by further 8% from $ 0,35 to $ 0,32 last week, the minimum was $ 0,29.
Sellers came back to market and compensated the existing demand. The further consolidation between $ 0,2 and $ 0,5 is more likely.
Wish you profitable deals!
Follow our reviews to stay in trend!
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