BitcoinShort
Trend Analysis: BTC ETH XRP BCH LTC
BTC/USD
Overview:
Bitcoin is in downtrend. 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:
If Bitcoin's price breaks the level of $6400 and is fixed below, then the upward correction is canceled. In this case, we expect the price of BTC/USD to fall to $5800- $5700.
Resistance levels: $6600; $6800; $6900; $6800; $6600; $7200; $7500.
Support levels: $6400; $6100; $5800; $5400; $4500.
Forecast:
The rise in Bitcoin's price from current values to the $6750 - $6800 area. We do not recommend buying.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
Ethereum is trading above $200, the chance of correction upwards to the level of $250 remains in force.
Cancellation of the signal for the growth of the asset the Ethereum price going below $200, in this case we are waiting for the renewal of the lows near the level of $150.
Resistance levels: $220; $250; $240, $270; $300; $325; $350; $380; $400.
Support levels: $200; $180; $150; $100.
Forecast:
The increase in the price of Ethereum from the level of $220 and the target in the $240 - $250 zone.
XRP/USD
Overview:
Downtrend.
Current situation:
Buyers of XRP/USD are able to keep the quotation above $0.27. We still expect the asset to be adjusted upwards to the $0.30- $0.31 zone. After the end of the correction, we predict a decline in the price of Ripple to the zone of $0.20 - $0.15.
Resistance levels: $0.30; $0.32; $0.35; $0.38; $0.40; $0.44; $0.47; $0.52.
Support levels: $0.26; $0.24; $0.22; $0.15.
Forecast:
The increase in the price of XRP/USD from the level of $0.28 and the target in the $0.30- $0.31 zone.
BCH/USD
Overview:
Trend is bearish.
Current situation:
Bitcoin Cash price is trading above $440. If the buyers do not manage to keep the price above $440, the decline will continue to $400.
Resistance levels: $450; $460; $500; $520; $555; $600; $650; $680; $800.
Support levels: $400.
Forecast:
The increase in the price of BCH/USD from the level of $440 and the target in the $500 - $510 zone.
LTC/USD
Overview:
Trend is bearish.
Current situation:
We expect the growth of the asset to levels: $60, $62. The price of Litecoin will fall below the level of $54, and then we will sell LTC/USD. The target of the asset reduction is $46.
Resistance levels: $58; $60; $58; $65; $68; $72; $75.
Support levels: $54; $50; $49; $46.
Forecast:
The rise in the Litecoin price from the level of $56 and the target near the level of $60.
Overview:
Bitcoin is in downtrend. 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:
If Bitcoin's price breaks the level of $6400 and is fixed below, then the upward correction is canceled. In this case, we expect the price of BTC/USD to fall to $5800- $5700.
Resistance levels: $6600; $6800; $6900; $6800; $6600; $7200; $7500.
Support levels: $6400; $6100; $5800; $5400; $4500.
Forecast:
The rise in Bitcoin's price from current values to the $6750 - $6800 area. We do not recommend buying.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
Ethereum is trading above $200, the chance of correction upwards to the level of $250 remains in force.
Cancellation of the signal for the growth of the asset the Ethereum price going below $200, in this case we are waiting for the renewal of the lows near the level of $150.
Resistance levels: $220; $250; $240, $270; $300; $325; $350; $380; $400.
Support levels: $200; $180; $150; $100.
Forecast:
The increase in the price of Ethereum from the level of $220 and the target in the $240 - $250 zone.
XRP/USD
Overview:
Downtrend.
Current situation:
Buyers of XRP/USD are able to keep the quotation above $0.27. We still expect the asset to be adjusted upwards to the $0.30- $0.31 zone. After the end of the correction, we predict a decline in the price of Ripple to the zone of $0.20 - $0.15.
Resistance levels: $0.30; $0.32; $0.35; $0.38; $0.40; $0.44; $0.47; $0.52.
Support levels: $0.26; $0.24; $0.22; $0.15.
Forecast:
The increase in the price of XRP/USD from the level of $0.28 and the target in the $0.30- $0.31 zone.
BCH/USD
Overview:
Trend is bearish.
Current situation:
Bitcoin Cash price is trading above $440. If the buyers do not manage to keep the price above $440, the decline will continue to $400.
Resistance levels: $450; $460; $500; $520; $555; $600; $650; $680; $800.
Support levels: $400.
Forecast:
The increase in the price of BCH/USD from the level of $440 and the target in the $500 - $510 zone.
LTC/USD
Overview:
Trend is bearish.
Current situation:
We expect the growth of the asset to levels: $60, $62. The price of Litecoin will fall below the level of $54, and then we will sell LTC/USD. The target of the asset reduction is $46.
Resistance levels: $58; $60; $58; $65; $68; $72; $75.
Support levels: $54; $50; $49; $46.
Forecast:
The rise in the Litecoin price from the level of $56 and the target near the level of $60.
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.