BitcoinShort
Trend Analysis: BTC ETH XRP BCH LTC
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 attempt to correct, after falling to $6100. Today, the price of BTC/USD even tested the $6350 mark, after which it went lower. Sellers continue to dominate the market, there is no interest from buyers. We expect the asset to continue to decline to $5700, but for this, sellers need to overcome the $6100 mark.
Resistance levels: $6400; $6800; $6900; $7200; $7400.
Support levels: $6100; $5800; $5400; $4500.
Forecast:
Bitcoin price reduction from $6200 and target $5700.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
The price of ETH/USD is below $200. We expect a further price drop to $180- $150.
Resistance levels: $200; $220; $240, $280; $300; $325; $350; $380; $400.
Support levels: $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:
We expect a further decrease in the price of Ripple to the zone of $0.34- $0.30. The signal for this will be breaking through the top-down level of $0.38.
The maximum possible upward correction, before the decline to our goal - the zone $0.45- $0.46.
Resistance levels: $0.44; $0.50; $0.58; $0.70; $0.76.
Support levels: $0.38; $0.30.
Forecast:
Ripple price reduction from $0.44 and target $0.30.
BCH/USD
Overview:
The trend is bearish.
Current situation:
The price of Bitcoin Cash is below $450. We expect an update of the historical lows of the BCH/USD price in the $400- $350 zone.
The maximum level of correction is up, before the decline - the zone is $470- $480.
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:
The trend is bearish.
Current situation:
We predict a fall in the price of Litecoin to $46.
The maximum correction level is $56.
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 $52 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 attempt to correct, after falling to $6100. Today, the price of BTC/USD even tested the $6350 mark, after which it went lower. Sellers continue to dominate the market, there is no interest from buyers. We expect the asset to continue to decline to $5700, but for this, sellers need to overcome the $6100 mark.
Resistance levels: $6400; $6800; $6900; $7200; $7400.
Support levels: $6100; $5800; $5400; $4500.
Forecast:
Bitcoin price reduction from $6200 and target $5700.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
The price of ETH/USD is below $200. We expect a further price drop to $180- $150.
Resistance levels: $200; $220; $240, $280; $300; $325; $350; $380; $400.
Support levels: $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:
We expect a further decrease in the price of Ripple to the zone of $0.34- $0.30. The signal for this will be breaking through the top-down level of $0.38.
The maximum possible upward correction, before the decline to our goal - the zone $0.45- $0.46.
Resistance levels: $0.44; $0.50; $0.58; $0.70; $0.76.
Support levels: $0.38; $0.30.
Forecast:
Ripple price reduction from $0.44 and target $0.30.
BCH/USD
Overview:
The trend is bearish.
Current situation:
The price of Bitcoin Cash is below $450. We expect an update of the historical lows of the BCH/USD price in the $400- $350 zone.
The maximum level of correction is up, before the decline - the zone is $470- $480.
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:
The trend is bearish.
Current situation:
We predict a fall in the price of Litecoin to $46.
The maximum correction level is $56.
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 $52 and the target - $46.
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