BitcoinShort
Trend Analysis: BTC ETH XRP BCH LTC
BTC/USD
Current situation:
BTC/USD quotes are trading below $4500. We expect the asset to continue to decline without correction to levels: $4000, $3000. Upward correction is still possible to the $5700- $6100 zone, but the chances for its implementation have decreased.
Cancellation of the scenario may be caused by Bitcoin price increase above $6100.
Resistance levels: $4500; $5000; $5700; $6100; $6400.
Support levels: $4000; $3000.
Forecast:
Reduction continuation of the price of BTC/USD to the levels: $4000, $3500, $3000.
ETH/USD
Current situation:
The price of Ethereum is below $130. We expect a correction in the price of the asset up to the zone of $185- $195. After the completion of the correction, we predict a further decline in the price of ETH/USD to levels: 110, 100. Also, we do not exclude the possibility of continuing to decrease the quotation of Ethereum without upward correction.
Resistance Levels: $150; $185; $195; $220; $240.
Support levels: $130; $120; $110 $100.
Forecast: Continued fall in the price of ETH/USD to levels: $100, $110.
XRP/USD
Current situation:
The situation does not change, the price of XRP/USD is near an important support area.
Resistance levels: $0.44; $0.50; $0.58; $0.70; $0.76.
Support levels: $0,40; $0,38; $0,30.
Forecast:
Reduction of the price of Ripple to the level of $0.30.
BCH/USD
Current situation:
Bitcoin Cash went below 200 without correction. The asset looks very weak. We expect a further drop to $160- $150.
Resistance levels: $220; $250; $300; $350; $400; $425; $450; $500; $520.
Support levels: $200; $160; $150.
Forecast:
BCH/USD price reduction to $160- $150 zone.
LTC/USD
Current situation:
The Litecoin price almost reached our target near $30. We expect a further decline in the price of Litecoin in the range: $30- $25.
Resistance levels: $35; $40; $46; $49; $50; $54; $58.
Support levels: $30; $27; $25.
Forecast:
Litecoin price reduction to levels: $27; $25
Current situation:
BTC/USD quotes are trading below $4500. We expect the asset to continue to decline without correction to levels: $4000, $3000. Upward correction is still possible to the $5700- $6100 zone, but the chances for its implementation have decreased.
Cancellation of the scenario may be caused by Bitcoin price increase above $6100.
Resistance levels: $4500; $5000; $5700; $6100; $6400.
Support levels: $4000; $3000.
Forecast:
Reduction continuation of the price of BTC/USD to the levels: $4000, $3500, $3000.
ETH/USD
Current situation:
The price of Ethereum is below $130. We expect a correction in the price of the asset up to the zone of $185- $195. After the completion of the correction, we predict a further decline in the price of ETH/USD to levels: 110, 100. Also, we do not exclude the possibility of continuing to decrease the quotation of Ethereum without upward correction.
Resistance Levels: $150; $185; $195; $220; $240.
Support levels: $130; $120; $110 $100.
Forecast: Continued fall in the price of ETH/USD to levels: $100, $110.
XRP/USD
Current situation:
The situation does not change, the price of XRP/USD is near an important support area.
Resistance levels: $0.44; $0.50; $0.58; $0.70; $0.76.
Support levels: $0,40; $0,38; $0,30.
Forecast:
Reduction of the price of Ripple to the level of $0.30.
BCH/USD
Current situation:
Bitcoin Cash went below 200 without correction. The asset looks very weak. We expect a further drop to $160- $150.
Resistance levels: $220; $250; $300; $350; $400; $425; $450; $500; $520.
Support levels: $200; $160; $150.
Forecast:
BCH/USD price reduction to $160- $150 zone.
LTC/USD
Current situation:
The Litecoin price almost reached our target near $30. We expect a further decline in the price of Litecoin in the range: $30- $25.
Resistance levels: $35; $40; $46; $49; $50; $54; $58.
Support levels: $30; $27; $25.
Forecast:
Litecoin price reduction to levels: $27; $25
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