BitcoinShort
Trend Analysis: BTC ETH XRP BCH LTC
BTC/USD
Overview:
The trend for Bitcoin remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market.
Current situation:
Bitcoin quotation yesterday came to support at $6300. Option with the correction of the price of BTC/USD up to the $6750- $6850 zone remains in force. But if the price goes below $6300, then the upward correction will be under doubt and the decline can be continued to levels: $5800, $5400.
Resistance levels: $6750, $6850, $7000, $7160; $7500.
Support levels: $6300; $5800; $5400.
Forecast: We continue to expect the end of the correction of Bitcoin's price in the $6750- $6850 zone. Also, we do not exclude the exit of the price of BTC/USD above the forecast zone, to a mark near the level of $7160. After the end of the correction, we forecast a decrease in the asset to levels: $5800, $5400.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
The price of Ethereum dropped to $280 yesterday, if buyers manage to keep this level, the growth within the correction will continue to the $350- $380 zone. We do not exclude the exit of the price of ETH/USD below the level of $280, then in this case we are waiting for the renewal of the minimum prices of the Ethereum in the $240- $220 zone.
Resistance levels: $325; $350; $380; $400.
Support levels: $300; $280; $250; $240, $220, $180.
Forecast:
Continuation of the price reduction of the Ethereum from the zone of $350- $380 and the target in the $240- $220 zone.
XRP/USD
Overview:
Trend is downward.
Current situation:
Ripple buyers managed to keep the quotation above the level of $0.30. We expect the price to continue to increase to $0.38- $0.40. Also, we do not exclude the price increase to the level of $0.42, where the support line for the figure of the triangle previously passed. After the correction is over, we expect that the price of XRP/USD will continue to decrease in the direction of the trend, to the $0.24- $0.20 zone.
Resistance levels: $0,36; $0,38; $0,40; $0,44; $0,47; $0,52; $0,54.
Support levels: $0,30; $0,28; $0,24; $0,22.
Forecast:
Continuation of the decline in the price of Ripple from the $0.38- $0.40 zone and the target at $0.24.
BCH/USD
Overview:
Trend is bearish.
Current situation:
Yesterday, Bitcoin Cash price fell to a support level of $550. If the quotation goes below this level, the price will drop down to the mark near the $400 level. We expect further growth in the correction to $680.
Resistance levels: $585; $600; $620; $650; $680.
Support levels: $500; $470; $450; $400.
Forecast:
Continuation of the Bitcoin Cash price decline from the level of $680 and the first target near the $450 mark.
LTC/USD
Overview:
Trend is bearish.
Current situation:
Litecoin quotation was no exception and remained at the support level of $55. We still expect the growth of this asset to the $65- $70 zone. Also, we do not exclude the exit of the price above the forecast zone, to the level of $72. After finishing the correction in this zone, we forecast a decrease in the price of Litecoin to the level of $46.
Resistance levels: $60; $62; $65; $67; $72; $75.
Support levels: $58; $55; $50; $46.
Forecast:
Continuation of the decrease in the price of Litecoin, after the correction of the price in the $65- $70 zone. The goal of the decrease is $46.
Overview:
The trend for Bitcoin remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market.
Current situation:
Bitcoin quotation yesterday came to support at $6300. Option with the correction of the price of BTC/USD up to the $6750- $6850 zone remains in force. But if the price goes below $6300, then the upward correction will be under doubt and the decline can be continued to levels: $5800, $5400.
Resistance levels: $6750, $6850, $7000, $7160; $7500.
Support levels: $6300; $5800; $5400.
Forecast: We continue to expect the end of the correction of Bitcoin's price in the $6750- $6850 zone. Also, we do not exclude the exit of the price of BTC/USD above the forecast zone, to a mark near the level of $7160. After the end of the correction, we forecast a decrease in the asset to levels: $5800, $5400.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
The price of Ethereum dropped to $280 yesterday, if buyers manage to keep this level, the growth within the correction will continue to the $350- $380 zone. We do not exclude the exit of the price of ETH/USD below the level of $280, then in this case we are waiting for the renewal of the minimum prices of the Ethereum in the $240- $220 zone.
Resistance levels: $325; $350; $380; $400.
Support levels: $300; $280; $250; $240, $220, $180.
Forecast:
Continuation of the price reduction of the Ethereum from the zone of $350- $380 and the target in the $240- $220 zone.
XRP/USD
Overview:
Trend is downward.
Current situation:
Ripple buyers managed to keep the quotation above the level of $0.30. We expect the price to continue to increase to $0.38- $0.40. Also, we do not exclude the price increase to the level of $0.42, where the support line for the figure of the triangle previously passed. After the correction is over, we expect that the price of XRP/USD will continue to decrease in the direction of the trend, to the $0.24- $0.20 zone.
Resistance levels: $0,36; $0,38; $0,40; $0,44; $0,47; $0,52; $0,54.
Support levels: $0,30; $0,28; $0,24; $0,22.
Forecast:
Continuation of the decline in the price of Ripple from the $0.38- $0.40 zone and the target at $0.24.
BCH/USD
Overview:
Trend is bearish.
Current situation:
Yesterday, Bitcoin Cash price fell to a support level of $550. If the quotation goes below this level, the price will drop down to the mark near the $400 level. We expect further growth in the correction to $680.
Resistance levels: $585; $600; $620; $650; $680.
Support levels: $500; $470; $450; $400.
Forecast:
Continuation of the Bitcoin Cash price decline from the level of $680 and the first target near the $450 mark.
LTC/USD
Overview:
Trend is bearish.
Current situation:
Litecoin quotation was no exception and remained at the support level of $55. We still expect the growth of this asset to the $65- $70 zone. Also, we do not exclude the exit of the price above the forecast zone, to the level of $72. After finishing the correction in this zone, we forecast a decrease in the price of Litecoin to the level of $46.
Resistance levels: $60; $62; $65; $67; $72; $75.
Support levels: $58; $55; $50; $46.
Forecast:
Continuation of the decrease in the price of Litecoin, after the correction of the price in the $65- $70 zone. The goal of the decrease is $46.
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