BTC/USD
Overview: Bitcoin trend remains descending. 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 quotation is above $6400. We expect this asset to decline to $6100. If the resistance of $6100 will be broken through, then in this case we expect a decline in the BTC/USD quotation to the zone of $5800- $5700.
Resistance levels: $6400; $6800; $6900; $7200; $7400.
Support levels: $6100; $5800; $5400; $4500.
Forecast:
Bitcoin price reduction from $6400 with a target $5700.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
The market situation is unchanged. The price of Ethereum continues to trade above $200. We still expect a decline in the price of ETH/USD to the level of $150.
Resistance levels: $220; $240, $280; $300; $325; $350; $380; $400.
Support levels: $200; $180; $150; $100.
Forecast:
ETH/USD price reduction starting from $200 and target in the $180- $150 zone.
XRP/USD
Overview:
The trend is downward.
Current situation:
The price of Ripple today reached a level above $0.46. We do not consider this growth as a change in the downtrend. We expect a decline in the price of XRP/USD to $0.30. Also, we do not exclude the renewal of minimum prices in the $0.20- $0.15 zone.
Resistance levels: $0.50; $0.58; $0.70; $0.76.
Support levels: $0.44; $0.38; $0.30.
Forecast:
Ripple price reduction from $0.46 and target $0.30.
BCH/USD
Overview:
Trend is bearish.
Current situation:
The situation remains unchanged. Bitcoin Cash price continues to be below $450. We expect an update of the historical lows of the BCH/USD price in the $400- $350 zone.
Resistance levels: $450; $500; $520; $560; $600; $650; $680; $800.
Support levels: $400; $350.
Forecast:
BCH/USD price reduction from $450 and target $350.
LTC/USD
Overview:
Trend is bearish.
Current situation: We predict a fall in the price of Litecoin to $46 and possibly even lower.
Resistance levels: $54; $58; $60; $62; $65; $68; $72; $75.
Support levels: $50; $49; $46.
Forecast:
Drop in the price of Litecoin from the level of $54 and the target - $46.
Overview: Bitcoin trend remains descending. 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 quotation is above $6400. We expect this asset to decline to $6100. If the resistance of $6100 will be broken through, then in this case we expect a decline in the BTC/USD quotation to the zone of $5800- $5700.
Resistance levels: $6400; $6800; $6900; $7200; $7400.
Support levels: $6100; $5800; $5400; $4500.
Forecast:
Bitcoin price reduction from $6400 with a target $5700.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
The market situation is unchanged. The price of Ethereum continues to trade above $200. We still expect a decline in the price of ETH/USD to the level of $150.
Resistance levels: $220; $240, $280; $300; $325; $350; $380; $400.
Support levels: $200; $180; $150; $100.
Forecast:
ETH/USD price reduction starting from $200 and target in the $180- $150 zone.
XRP/USD
Overview:
The trend is downward.
Current situation:
The price of Ripple today reached a level above $0.46. We do not consider this growth as a change in the downtrend. We expect a decline in the price of XRP/USD to $0.30. Also, we do not exclude the renewal of minimum prices in the $0.20- $0.15 zone.
Resistance levels: $0.50; $0.58; $0.70; $0.76.
Support levels: $0.44; $0.38; $0.30.
Forecast:
Ripple price reduction from $0.46 and target $0.30.
BCH/USD
Overview:
Trend is bearish.
Current situation:
The situation remains unchanged. Bitcoin Cash price continues to be below $450. We expect an update of the historical lows of the BCH/USD price in the $400- $350 zone.
Resistance levels: $450; $500; $520; $560; $600; $650; $680; $800.
Support levels: $400; $350.
Forecast:
BCH/USD price reduction from $450 and target $350.
LTC/USD
Overview:
Trend is bearish.
Current situation: We predict a fall in the price of Litecoin to $46 and possibly even lower.
Resistance levels: $54; $58; $60; $62; $65; $68; $72; $75.
Support levels: $50; $49; $46.
Forecast:
Drop in the price of Litecoin from the level of $54 and the target - $46.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.