Weekly review of 10 major cryptocurrencies 28.05.18 - 03.06.18
Weekly review of 10 major cryptocurrencies
28.05.18 - 03.06.18
Last week the major cryptocurrencies ended their decrease achieving new local minimums and had a price growth. Bitcoin had a minimum of $ 7’040. Its share in total capitalization declined to 37,4%.
The number of billionaire-coins increased to 24 and their total number (according to coinmarketcap.com) grew to 1’639.
The total cryptocurrency capitalization increased to $ 352 billion.
Bitcoin grew up by 5% from $ 7’340 to $ 7’720 with the minimum of $ 7’040.
There was a resumption of medium-term downward trend with the prospect of retesting $ 6’500 with very likely break of this level and achieving new minimums of many months. However, the positive close of last week gives an opportunity to assume at least the slowdown of this decline.
Until $ 10’000 is overcome, the long-term technical picture remains bearish.
Ethereum grew up by 9% from $ 570 to $ 620, the minimum was $ 492.
Ethereum dropped and has been staying under fast-moving average. Low-moving average has been also declining. Now one could speak of resumption of medium-term downward trend. The support on $ 360 is very likely to resist this week. The rise above $ 800 will be the signal of growth resumption.
Ripple (XRPUSD) decreased by further 14% from $ 0,60 to $ 0,69 the previous week, the minimum was $ 0,54.
The decline from % 1 was replaced by the growth from $ 0,55.
Low-moving average is declining.
The further consolidation between $ 0,5 and $ 1 is more likely.
BCHUSD increased by 18% from $ 995 to $ 1’170 last week, the minimum was $ 870.
The rate dove below fast-moving average. And returned to it at the bottom. This is a bear sign. On the other hand, this week fast average has been crossing the low one giving the signal to buy.
The support is on $ 900 and $ 600. The resistance is $ 1’300 and the further one is $ 1’800. The further direction will be defined after exit from consolidation near crossing moving averages.
Litecoin increased by 6% from $ 118 to $ 125 during last week, the minimum was $ 109.
The decline stopped for a while before the support of $ 100. Nevertheless, further decline is more likely.
IOTA increased by 23% from $ 1,46 to $ 1,80, the minimum was $ 1,33.
The consolidation is around moving averages crossing into purchase.
NEO rose by 6% from $ 53 to $ 56 with minimum of $ 47.
The first target of decline near $ 45 had been almost reached and the growth started but not so active. The further decline is more likely.
Monero increased by 1% from $ 166 to $ 168, the minimum was $ 146.
The fall has almost reached the support on $ 160. It kept the market from further decline so far. If this support is broken, the drop to $ 80 will become rather likely.
DASH grew up by 5% from $ 315 to $ 331, the minimum was $ 281.
The rebound after increasing decline is weak. The further decline is more likely.
NEM rose a bit by 2% from $ 0,25 to $ 0,26, the minimum was $ 0,22.
The rebound after increasing decline is weak. The further decline is more likely.
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28.05.18 - 03.06.18
Last week the major cryptocurrencies ended their decrease achieving new local minimums and had a price growth. Bitcoin had a minimum of $ 7’040. Its share in total capitalization declined to 37,4%.
The number of billionaire-coins increased to 24 and their total number (according to coinmarketcap.com) grew to 1’639.
The total cryptocurrency capitalization increased to $ 352 billion.
Bitcoin grew up by 5% from $ 7’340 to $ 7’720 with the minimum of $ 7’040.
There was a resumption of medium-term downward trend with the prospect of retesting $ 6’500 with very likely break of this level and achieving new minimums of many months. However, the positive close of last week gives an opportunity to assume at least the slowdown of this decline.
Until $ 10’000 is overcome, the long-term technical picture remains bearish.
Ethereum grew up by 9% from $ 570 to $ 620, the minimum was $ 492.
Ethereum dropped and has been staying under fast-moving average. Low-moving average has been also declining. Now one could speak of resumption of medium-term downward trend. The support on $ 360 is very likely to resist this week. The rise above $ 800 will be the signal of growth resumption.
Ripple (XRPUSD) decreased by further 14% from $ 0,60 to $ 0,69 the previous week, the minimum was $ 0,54.
The decline from % 1 was replaced by the growth from $ 0,55.
Low-moving average is declining.
The further consolidation between $ 0,5 and $ 1 is more likely.
BCHUSD increased by 18% from $ 995 to $ 1’170 last week, the minimum was $ 870.
The rate dove below fast-moving average. And returned to it at the bottom. This is a bear sign. On the other hand, this week fast average has been crossing the low one giving the signal to buy.
The support is on $ 900 and $ 600. The resistance is $ 1’300 and the further one is $ 1’800. The further direction will be defined after exit from consolidation near crossing moving averages.
Litecoin increased by 6% from $ 118 to $ 125 during last week, the minimum was $ 109.
The decline stopped for a while before the support of $ 100. Nevertheless, further decline is more likely.
IOTA increased by 23% from $ 1,46 to $ 1,80, the minimum was $ 1,33.
The consolidation is around moving averages crossing into purchase.
NEO rose by 6% from $ 53 to $ 56 with minimum of $ 47.
The first target of decline near $ 45 had been almost reached and the growth started but not so active. The further decline is more likely.
Monero increased by 1% from $ 166 to $ 168, the minimum was $ 146.
The fall has almost reached the support on $ 160. It kept the market from further decline so far. If this support is broken, the drop to $ 80 will become rather likely.
DASH grew up by 5% from $ 315 to $ 331, the minimum was $ 281.
The rebound after increasing decline is weak. The further decline is more likely.
NEM rose a bit by 2% from $ 0,25 to $ 0,26, the minimum was $ 0,22.
The rebound after increasing decline is weak. The further decline is more likely.
We wish you profitable deals!
Stay in trend with us!
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