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 reached our first goal at $6100. We expect a further decline in the price of BTC/USD to the level of $5700. The maximum correction level is $6600.
Forecast: Bitcoin price reduction from $6200 and target $5700.
ETH/USD Overview: The global trend remains descending.
Current situation: The price of ETH/USD is traded near the level of 200, the decline for today was 11%. We still expect a price reduction to $180- $150.
Forecast: ETH/USD price reduction starting from $200 and target in the $180- $150 zone.
XRP/USD Overview: Trend is downward.
Current situation: Ripple's price fulfilled our target of decline and reached the level of $0.38. We expect XRP/USD price correction to $0.44. After the end of the price correction, we expect a further price reduction.
Resistance levels: $0.44; $0.50; $0.58; $0.70; $0.76. Support levels: $0.38.
Forecast: Ripple price reduction from $0.44 and target $0.30.
BCH/USD Overview: The trend is bearish.
Current situation: The price of BCH/USD has reached the level of $450. We expect the breakthrough of this level and the departure of the price to the zone of $400- $350.
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