BTC/USD
Overview:
Bitcoin trend remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market.
If the price of BTC/USD is lower than $5700, where the uptrend line is located (the trend was formed since March 2017), then the long-term reduction targets will be in the $4000- $3000 zone.
Current situation:
Bitcoin quotation continue to be in the flat: $6350- $6500. We remain in the position of sellers and expect the price to drop to BTC/USD to $6100. We do not exclude the fall in the price of BTC/USD to the level of $5700.
Cancellation of the short scenario will be caused by a rise in the Bitcoin price above $6800.
Resistance levels: $6500; $6800; $6900; $7200; $7400.
Support levels: $6400; $6100; $5800; $5400; $4500.
Forecast:
Bitcoin price reduction from $6400 with a target $5700.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
The price of ETH/USD is trading near $200. We still expect a decline in the price of ETH/USD to the level of $150.
Resistance levels: $220; $240, $280; $300; $325; $350; $380; $400.
Support levels: $200; $180; $150; $100.
Forecast:
ETH/USD price reduction starting from $200 and target in the $180- $150 zone.
XRP/USD
Overview:
The trend is downward.
Current situation:
The price of Ripple is trading above the support line of its uptrend. If the sellers manage to break through the $ 0.44- $ 0.40 zone, then we will expect quotation of XRP / USD near $ 0.30. Also, we do not exclude the renewal of minimum prices in the $0.20- $0.15 zone.
Cancellation of the scenario - Ripple price growth above $0.50.
Resistance levels: $0.50; $0.58; $0.70; $0.76.
Support levels: $0.44; $0.38; $0.30.
Forecast:
Ripple price reduction from $0.45 and target $0.30.
BCH/USD
Overview:
The trend is bearish.
Current situation:
The price of Bitcoin Cash is trading near $450. We expect an update of the historical lows of the BCH/USD price in the $400- $350 zone.
Resistance levels: $500; $520; $560; $600; $650; $680; $800.
Support levels: $450; $400; $350.
Forecast:
BCH/USD price reduction from $450 and target $350.
LTC/USD
Overview:
Trend is bearish.
Current situation:
We predict a fall in the price of Litecoin to $46 and possibly even lower.
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 $52 and the target - $46.
Overview:
Bitcoin trend remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market.
If the price of BTC/USD is lower than $5700, where the uptrend line is located (the trend was formed since March 2017), then the long-term reduction targets will be in the $4000- $3000 zone.
Current situation:
Bitcoin quotation continue to be in the flat: $6350- $6500. We remain in the position of sellers and expect the price to drop to BTC/USD to $6100. We do not exclude the fall in the price of BTC/USD to the level of $5700.
Cancellation of the short scenario will be caused by a rise in the Bitcoin price above $6800.
Resistance levels: $6500; $6800; $6900; $7200; $7400.
Support levels: $6400; $6100; $5800; $5400; $4500.
Forecast:
Bitcoin price reduction from $6400 with a target $5700.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
The price of ETH/USD is trading near $200. We still expect a decline in the price of ETH/USD to the level of $150.
Resistance levels: $220; $240, $280; $300; $325; $350; $380; $400.
Support levels: $200; $180; $150; $100.
Forecast:
ETH/USD price reduction starting from $200 and target in the $180- $150 zone.
XRP/USD
Overview:
The trend is downward.
Current situation:
The price of Ripple is trading above the support line of its uptrend. If the sellers manage to break through the $ 0.44- $ 0.40 zone, then we will expect quotation of XRP / USD near $ 0.30. Also, we do not exclude the renewal of minimum prices in the $0.20- $0.15 zone.
Cancellation of the scenario - Ripple price growth above $0.50.
Resistance levels: $0.50; $0.58; $0.70; $0.76.
Support levels: $0.44; $0.38; $0.30.
Forecast:
Ripple price reduction from $0.45 and target $0.30.
BCH/USD
Overview:
The trend is bearish.
Current situation:
The price of Bitcoin Cash is trading near $450. We expect an update of the historical lows of the BCH/USD price in the $400- $350 zone.
Resistance levels: $500; $520; $560; $600; $650; $680; $800.
Support levels: $450; $400; $350.
Forecast:
BCH/USD price reduction from $450 and target $350.
LTC/USD
Overview:
Trend is bearish.
Current situation:
We predict a fall in the price of Litecoin to $46 and possibly even lower.
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 $52 and the target - $46.
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.
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.