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:
Bitcoin price yesterday broke through the level of $6400 and is currently trading below this level. We expect the price to continue falling to the level of $6100. The medium-term reduction target is in the $5800- $5700 zone.
Resistance levels: $6400; $6600; $6600; $6800; $6900; $6800; $6600; $7200.
Support levels: $6100; $5800; $5400; $4500.
Forecast:
Reduction of the price of BTC/USD from the zone $6300 - $6400 and the target of $6100. We do not recommend buying.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
We expect Ethereum price to continue to decrease from the zone of $210 - $220 and the target near the level of $150. However, for this price it is necessary to overcome the zone $185 - $180.
Resistance levels: $220; $240; $250; $270; $300; $325; $350; $380; $400.
Support levels: $200; $180; $150; $100.
Forecast:
Reduction of the price of ETH/USD from the level of $210. The goal of the reduction is $150.
XRP/USD
Overview:
Downtrend.
Current situation:
Ripple buyers turned out to be a price above $0.32. We characterize this growth as a correction of the price before further decline to the zone of $0.20 - $0.15.
Resistance levels: $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:
Reduction of the Ripple price from the level of $0.32 and the target in the $0.20 - $0.15 zone.
BCH/USD
Overview:
Trend is bearish.
Current situation:
Bitcoin Cash quotation is traded near the $440 level. We expect the price to fall to the level of: $400; $380.
Resistance levels: $450; $460; $500; $520; $555; $600; $650; $680; $800.
Support levels: $400; $380.
Forecast:
Price reduction to levels: $400; $380.
LTC/USD
Overview:
The trend is bearish.
Current situation:
The price rose to $54, previously broken support level. We expect a further decline in the price of Litecoin to $46.
Resistance levels: $54; $58; $60; $58; $65; $68; $72; $75.
Support levels: $50; $49; $46.
Forecast:
The price decrease from the level of $54 and the target near the level of $46.
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:
Bitcoin price yesterday broke through the level of $6400 and is currently trading below this level. We expect the price to continue falling to the level of $6100. The medium-term reduction target is in the $5800- $5700 zone.
Resistance levels: $6400; $6600; $6600; $6800; $6900; $6800; $6600; $7200.
Support levels: $6100; $5800; $5400; $4500.
Forecast:
Reduction of the price of BTC/USD from the zone $6300 - $6400 and the target of $6100. We do not recommend buying.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
We expect Ethereum price to continue to decrease from the zone of $210 - $220 and the target near the level of $150. However, for this price it is necessary to overcome the zone $185 - $180.
Resistance levels: $220; $240; $250; $270; $300; $325; $350; $380; $400.
Support levels: $200; $180; $150; $100.
Forecast:
Reduction of the price of ETH/USD from the level of $210. The goal of the reduction is $150.
XRP/USD
Overview:
Downtrend.
Current situation:
Ripple buyers turned out to be a price above $0.32. We characterize this growth as a correction of the price before further decline to the zone of $0.20 - $0.15.
Resistance levels: $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:
Reduction of the Ripple price from the level of $0.32 and the target in the $0.20 - $0.15 zone.
BCH/USD
Overview:
Trend is bearish.
Current situation:
Bitcoin Cash quotation is traded near the $440 level. We expect the price to fall to the level of: $400; $380.
Resistance levels: $450; $460; $500; $520; $555; $600; $650; $680; $800.
Support levels: $400; $380.
Forecast:
Price reduction to levels: $400; $380.
LTC/USD
Overview:
The trend is bearish.
Current situation:
The price rose to $54, previously broken support level. We expect a further decline in the price of Litecoin to $46.
Resistance levels: $54; $58; $60; $58; $65; $68; $72; $75.
Support levels: $50; $49; $46.
Forecast:
The price decrease from the level of $54 and the target near the level of $46.
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