BitcoinShort
Trend Analysis: BTC ETH XRP BCH LTC
BTC/USD
Current situation:
The BTC/USD quotation after the test of $3500 from the top down went into a correction up to the level of $4050, but Bitcoin failed to break through and consolidate above this level. We expect a continuation of the fall in BTC/USD quotes to levels: $3500, $3000.
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 $4050.
Resistance levels: $4050; $4350; $4500; $5000; $5700; $6100; $6400.
Support levels: $3,500; $3,000.
Forecast:
Continued reduction of the price of BTC/USD to the zone of $3000- $2000.
ETH/USD
Current situation: The quotation of the Ethereum could not reach the level of $120 and went down. We expect the breakthrough of $100 and departure to the zone of $90- $85.
Resistance levels: $110; $114; $120; $130; $150; $185; $195; $220; $240.
Support levels: $100; $90; $85.
Forecast:
Continued fall in the price of ETH/USD to $90- $85 zone.
XRP/USD
Current situation: We expect a continued decline in Ripple’s quotes to levels: $0.30, $0.25. Also, we do not exclude a deeper immersion of XRP/USD quotes to $0.20- $0.15.
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 price of Ripple to levels: $0.30, $0.25.
BCH/USD
Current situation:
The price of BCH/USD adjusted to the level of $200 and went lower. At the moment, the price is trading near the $180 mark. We expect a continued decline in Bitcoin Cash to levels: $150, $120 and $100.
Resistance levels: $200; $220; $300; $350; $400; $425.
Support levels: $160; $150.
Forecast:
BCH/USD price reduction to levels: $150, $120; $100.
LTC/USD
Current situation:
Litecoin price adjusted to the level of $30. We expect LTC/USD quotes in the range of $25- $20.
Resistance levels: $30; $35; $40; $46; $49; $50; $54; $58.
Support levels: $27; $25.
Forecast:
Litecoin price reduction to $25.
Current situation:
The BTC/USD quotation after the test of $3500 from the top down went into a correction up to the level of $4050, but Bitcoin failed to break through and consolidate above this level. We expect a continuation of the fall in BTC/USD quotes to levels: $3500, $3000.
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 $4050.
Resistance levels: $4050; $4350; $4500; $5000; $5700; $6100; $6400.
Support levels: $3,500; $3,000.
Forecast:
Continued reduction of the price of BTC/USD to the zone of $3000- $2000.
ETH/USD
Current situation: The quotation of the Ethereum could not reach the level of $120 and went down. We expect the breakthrough of $100 and departure to the zone of $90- $85.
Resistance levels: $110; $114; $120; $130; $150; $185; $195; $220; $240.
Support levels: $100; $90; $85.
Forecast:
Continued fall in the price of ETH/USD to $90- $85 zone.
XRP/USD
Current situation: We expect a continued decline in Ripple’s quotes to levels: $0.30, $0.25. Also, we do not exclude a deeper immersion of XRP/USD quotes to $0.20- $0.15.
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 price of Ripple to levels: $0.30, $0.25.
BCH/USD
Current situation:
The price of BCH/USD adjusted to the level of $200 and went lower. At the moment, the price is trading near the $180 mark. We expect a continued decline in Bitcoin Cash to levels: $150, $120 and $100.
Resistance levels: $200; $220; $300; $350; $400; $425.
Support levels: $160; $150.
Forecast:
BCH/USD price reduction to levels: $150, $120; $100.
LTC/USD
Current situation:
Litecoin price adjusted to the level of $30. We expect LTC/USD quotes in the range of $25- $20.
Resistance levels: $30; $35; $40; $46; $49; $50; $54; $58.
Support levels: $27; $25.
Forecast:
Litecoin price reduction to $25.
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