Weekly review of 10 major cryptocurrencies 09.07.18 - 15.07.18
Last week main cryptocurrencies lost the increment of last two weeks and started to decline. However, Bitcoin managed to spend all the week above the key level of $ 6’000. Its share in the total capitalization is still 42,8%. The number of billionaire-coins decreased to 18 and their total number (according to coinmarketcap.com) increased to 1’641. The total capitalization of cryptocurrencies declined to $ 255 billion.
Bitcoin declined by 5% from $ 6’700 to $ 6’350, the minimum was $ 6’080.
Upward correction did not manage to overpass fast-moving average on $ 6’800. The decline renewed and achieved the minimums of the week before. However, the key level of $ 6’000 resisted again. This week the attempt to break the support near $ 5’800 is likely to happen. If it is unsuccessful, the market will remain the diapason of $ 5’800 - $ 6’800. Until $ 8’000 is overcome, long-term technical picture remains bearish.
Ethereum decreased by 7,5% from $ 486 to $ 450 with the minimum if $ 418.
Ethereum lost the achievements of the previous week and renewed the decline. The support is $ 400 and $ 360. The resistance is $ 500 and $ 570. The rise above $ 800 will be a signal of long-term increase.
Ripple (XRPUSD) went down by 7% from $ 0,48 to $ 0,445, the minimum was $ 0,424.
Ripple lost the achievements of the last week and resumed the decline. The correction-consolidation from April minimum near $ 0,45 has been going on. Its overcome will open the way to $ 0,2 - $ 0,25.
The further decline is more likely.
BCHUSD declined by 3% from $ 749 to $ 724 with the minimum of $ 662.
The rate has consolidated above the support and the minimum of this year of $ 600. The support is on $ 600 and $ 300. The resistance is $ 1’100 and then $ 1’800. The further decline is more likely.
Litecoin declined by 5% from $ 82 to $ 78 with the minimum of $ 73.
The key support near $ 100 was broken. There are now no technical obstacles for the decline to $ 55. After correction-consolidation started, the resumption of decline is more likely.
IOTA declined by 7% from $ 1,08 to $ 1,00 with the minimum of $ 0,93.
IOTA has been consolidating near key support level of $ 1. The further decline to $ 0,33 is more likely.
NEO decreased by 23% from $ 39 to $ 34, the minimums was $ 30.
As we have expected, after the return to the support of $ 45 broken earlier, the decline resumed. The further decline is more likely.
Monero decreased by 10% from $ 138 to $ 124 with the minimum of $ 83.
Monero had a great decrease last week after the return from the down to the support on $ 150 broken earlier. The sale almost halved the price and achieved the support level near $ 80. The close of the week fixed more modest achievement of bears. The further decline is more likely.
DASH went down by 5% from $ 243 to $ 230, the minimum was $ 203.
The decline achieved the strong support near $ 220. And it still keeps the market from further decline. The further decrease is more likely.
NEM went down by 12% from $ 0,185 to $ 0,162, the minimum was $ 0,15.
The important support on $ 0,20 was broken. Now there are no technical obstacles for the decline to $ 0,1 (after started correction-consolidation). The further decline is more likely.
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Bitcoin declined by 5% from $ 6’700 to $ 6’350, the minimum was $ 6’080.
Upward correction did not manage to overpass fast-moving average on $ 6’800. The decline renewed and achieved the minimums of the week before. However, the key level of $ 6’000 resisted again. This week the attempt to break the support near $ 5’800 is likely to happen. If it is unsuccessful, the market will remain the diapason of $ 5’800 - $ 6’800. Until $ 8’000 is overcome, long-term technical picture remains bearish.
Ethereum decreased by 7,5% from $ 486 to $ 450 with the minimum if $ 418.
Ethereum lost the achievements of the previous week and renewed the decline. The support is $ 400 and $ 360. The resistance is $ 500 and $ 570. The rise above $ 800 will be a signal of long-term increase.
Ripple (XRPUSD) went down by 7% from $ 0,48 to $ 0,445, the minimum was $ 0,424.
Ripple lost the achievements of the last week and resumed the decline. The correction-consolidation from April minimum near $ 0,45 has been going on. Its overcome will open the way to $ 0,2 - $ 0,25.
The further decline is more likely.
BCHUSD declined by 3% from $ 749 to $ 724 with the minimum of $ 662.
The rate has consolidated above the support and the minimum of this year of $ 600. The support is on $ 600 and $ 300. The resistance is $ 1’100 and then $ 1’800. The further decline is more likely.
Litecoin declined by 5% from $ 82 to $ 78 with the minimum of $ 73.
The key support near $ 100 was broken. There are now no technical obstacles for the decline to $ 55. After correction-consolidation started, the resumption of decline is more likely.
IOTA declined by 7% from $ 1,08 to $ 1,00 with the minimum of $ 0,93.
IOTA has been consolidating near key support level of $ 1. The further decline to $ 0,33 is more likely.
NEO decreased by 23% from $ 39 to $ 34, the minimums was $ 30.
As we have expected, after the return to the support of $ 45 broken earlier, the decline resumed. The further decline is more likely.
Monero decreased by 10% from $ 138 to $ 124 with the minimum of $ 83.
Monero had a great decrease last week after the return from the down to the support on $ 150 broken earlier. The sale almost halved the price and achieved the support level near $ 80. The close of the week fixed more modest achievement of bears. The further decline is more likely.
DASH went down by 5% from $ 243 to $ 230, the minimum was $ 203.
The decline achieved the strong support near $ 220. And it still keeps the market from further decline. The further decrease is more likely.
NEM went down by 12% from $ 0,185 to $ 0,162, the minimum was $ 0,15.
The important support on $ 0,20 was broken. Now there are no technical obstacles for the decline to $ 0,1 (after started correction-consolidation). The further decline is more likely.
We wish you profitable deals and follow our reviews!
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