BitcoinShort
Trend Analysis: BTC ETH XRP BCH LTC
BTC/USD
Overview:
Bitcoin is in a downtrend. The cancellation of the bearish trend will be confirmed by the breakdown and fixing of Bitcoin's price above the level of $9400.
Current situation:
The price today has almost reached our first goal at $7200. We expect a further decline in the price of BTC/USD to the main target of $6800, where the support level of the growth channel is passing. Levels of possible upward correction: $7,300, $7,400 and $7,450.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels: $7600; $7800; $8000; $8300; $8500; $8650; $8800; $9120; $9400.
Support levels: $7200; $6800; $6660; $6276; $6354; $6100; $5940; $5780; $5450.
Forecast:
Continuation of the price reduction from the level of $7300 and the target in the $7100-$7000 zone.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
Ethereum price was adjusted up to the level of 420 and went down. We forecast a further decline in the quotation of ETH/USD to the 400-380 zone.
Resistance levels: $420; $440; $485; $515; $555; $585.
Support levels: $400; $380, $360.
Forecast:
Continued reduction in the price of Ethereum to $390.
XRP/USD
Overview:
Downtrend. The cancellation of the downward trend of the Ripple quotation will be a breakthrough of the level of $0.60 and consolidation above this level. An important line of support for the price of XRP/USD is the $0.42- $0.40 zone.
Current situation:
Ripple quotation continues to trade in the narrowing consolidation, the exit of which we forecast down to the 0.40-0.38 zone.
Resistance levels: $0.44; $0.47; $0.52; $0.54.
Support levels: $0,42; $0,40$; $0,38.
Forecast:
Breakthrough of the support level at $0.42 and reduce of the price of Ripple to $0.40- $0.38.
BCH/USD
Overview:
The trend is bearish. The key level for the downtrend cancelation is resistance at $1000.
Current situation:
The price of Bitcoin Cash was adjusted to $735 and went down. We forecast a decrease in the price of BCH/USD to $680.
Resistance levels: $720; 750$; $780; $820; $840; $890; $930; $970; $1020.
Support levels: $700; $680.
Forecast:
Continuation of the BCH/USD price reduction to $680.
LTC/USD
Overview:
The trend is bearish.
Current situation:
Litecoin price is trading near the level of $75, the breakout of which will give us a signal to continue reducing the quotation to levels: $72, $70. Possible correction up to levels: $78, $80.
Resistance levels: $78; $80; $90; $94; $100.
Support levels: $75; $72; $66.
Forecast:
Litecoin price going below $75 will give us a signal about quotation drop to levels: $72, $70.
Overview:
Bitcoin is in a downtrend. The cancellation of the bearish trend will be confirmed by the breakdown and fixing of Bitcoin's price above the level of $9400.
Current situation:
The price today has almost reached our first goal at $7200. We expect a further decline in the price of BTC/USD to the main target of $6800, where the support level of the growth channel is passing. Levels of possible upward correction: $7,300, $7,400 and $7,450.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels: $7600; $7800; $8000; $8300; $8500; $8650; $8800; $9120; $9400.
Support levels: $7200; $6800; $6660; $6276; $6354; $6100; $5940; $5780; $5450.
Forecast:
Continuation of the price reduction from the level of $7300 and the target in the $7100-$7000 zone.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
Ethereum price was adjusted up to the level of 420 and went down. We forecast a further decline in the quotation of ETH/USD to the 400-380 zone.
Resistance levels: $420; $440; $485; $515; $555; $585.
Support levels: $400; $380, $360.
Forecast:
Continued reduction in the price of Ethereum to $390.
XRP/USD
Overview:
Downtrend. The cancellation of the downward trend of the Ripple quotation will be a breakthrough of the level of $0.60 and consolidation above this level. An important line of support for the price of XRP/USD is the $0.42- $0.40 zone.
Current situation:
Ripple quotation continues to trade in the narrowing consolidation, the exit of which we forecast down to the 0.40-0.38 zone.
Resistance levels: $0.44; $0.47; $0.52; $0.54.
Support levels: $0,42; $0,40$; $0,38.
Forecast:
Breakthrough of the support level at $0.42 and reduce of the price of Ripple to $0.40- $0.38.
BCH/USD
Overview:
The trend is bearish. The key level for the downtrend cancelation is resistance at $1000.
Current situation:
The price of Bitcoin Cash was adjusted to $735 and went down. We forecast a decrease in the price of BCH/USD to $680.
Resistance levels: $720; 750$; $780; $820; $840; $890; $930; $970; $1020.
Support levels: $700; $680.
Forecast:
Continuation of the BCH/USD price reduction to $680.
LTC/USD
Overview:
The trend is bearish.
Current situation:
Litecoin price is trading near the level of $75, the breakout of which will give us a signal to continue reducing the quotation to levels: $72, $70. Possible correction up to levels: $78, $80.
Resistance levels: $78; $80; $90; $94; $100.
Support levels: $75; $72; $66.
Forecast:
Litecoin price going below $75 will give us a signal about quotation drop to levels: $72, $70.
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