Weekly review of 10 major cryptocurrencies 23.04.18 - 29.04.18
Last week the main cryptocurrencies continued to rise. Bitcoin rose and fixed above $ 9000. Its share in total capitalization decreased to 37.2%.
The number of billionaire-coins grew to 29, and their total number (according to coinmarketcap.com) increased to 1589.
The total capitalization of cryptocurrencies increased to $ 426 billion.
Bitcoin rose by 7% from $ 8790 to $ 9400 over the last week, the maximum rate was $ 9670.
The growth continued over the fast moving average and has already made half of its way to the resistance around slow moving average ($ 10500 this week) of weekly chart.
Until overcoming the rate of $ 11000, long-term technical picture remains bearish.
Ethereum increased by 11% from $ 621 to $ 690 over the past week, its maximum was $ 720.
Reaching the rate of $ 740 is now even more likely. If the rate overcomes this key level, the long-term picture will become positive. In the meantime, this growth is only the correction to the previous decrease.
Ripple (XRPUSD) over the last week grew by 1% from $ 0,86 to $ 0,87, the maximum rate was $ 0,99.
The growth has reached a key resistance zone of $ 0.9-$ 1.
This zone overcoming will be a technical signal of the beginning of a new big wave of growth. Until then, the resumption of the decline is more likely.
BCHUSD grew by 20% from $ 1191 to $ 1440 over the last week, its maximum was $ 1578.
The attempt to overcome the key resistance area of $ 1400 - $ 1600 began.
If the rate of $ 1600 is overcome, long-term growth is likely to happen.
Litecoin grew by 4% from $ 147 to $ 153 over the past week, the maximum rate was $ 171.
The growth of the rate stalled before the key resistance zone of $ 150-$ 180. In case the zone is overcome, the future growth is most likely to happen. Until then, it is more likely that the price will fluctuate between $ 100 and $ 180.
IOTA for the week grew by 1% from $ 2 to $ 2,03, maximum being at $ 1578.
The growth stopped near the upper limit of the range of about $ 2.2.
If this key level is overcome, further increase is technically more likely.
NEO during the last week increased by 22% from $ 74 to $ 90, with its maximum at $ 94.
The growth is trying to overcome the key area of $ 80- $ 90 and turn a short-term rebound into a long-term trend.
While the rate is below $ 90, further long-term decline is more likely.
Monero was adjusted down by 5% from $ 269 to $ 255, maximum being at $ 299.
The medium-term decline is stopped. Now the zone around $ 280 is the key one between sideways and rising trends. The bottom up support seems to be above $ 200.
DASH during the week grew by 6% from $ 469 to $ 498, its maximum rate was $ 572.
The rate broke out of the consolidation of the falling trend upwards.
However, the resumption of long-term growth can be possible only after overcoming the resistance area of $ 600 - $ 800.
NEM grew by 13% from $ 38 to $ 43 over the past week, its maximum was $ 47.
The growth slowed down between fast and slow moving averages.
Further consolidation between $ 0.3 and $ 0.6 is more likely.
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The number of billionaire-coins grew to 29, and their total number (according to coinmarketcap.com) increased to 1589.
The total capitalization of cryptocurrencies increased to $ 426 billion.
Bitcoin rose by 7% from $ 8790 to $ 9400 over the last week, the maximum rate was $ 9670.
The growth continued over the fast moving average and has already made half of its way to the resistance around slow moving average ($ 10500 this week) of weekly chart.
Until overcoming the rate of $ 11000, long-term technical picture remains bearish.
Ethereum increased by 11% from $ 621 to $ 690 over the past week, its maximum was $ 720.
Reaching the rate of $ 740 is now even more likely. If the rate overcomes this key level, the long-term picture will become positive. In the meantime, this growth is only the correction to the previous decrease.
Ripple (XRPUSD) over the last week grew by 1% from $ 0,86 to $ 0,87, the maximum rate was $ 0,99.
The growth has reached a key resistance zone of $ 0.9-$ 1.
This zone overcoming will be a technical signal of the beginning of a new big wave of growth. Until then, the resumption of the decline is more likely.
BCHUSD grew by 20% from $ 1191 to $ 1440 over the last week, its maximum was $ 1578.
The attempt to overcome the key resistance area of $ 1400 - $ 1600 began.
If the rate of $ 1600 is overcome, long-term growth is likely to happen.
Litecoin grew by 4% from $ 147 to $ 153 over the past week, the maximum rate was $ 171.
The growth of the rate stalled before the key resistance zone of $ 150-$ 180. In case the zone is overcome, the future growth is most likely to happen. Until then, it is more likely that the price will fluctuate between $ 100 and $ 180.
IOTA for the week grew by 1% from $ 2 to $ 2,03, maximum being at $ 1578.
The growth stopped near the upper limit of the range of about $ 2.2.
If this key level is overcome, further increase is technically more likely.
NEO during the last week increased by 22% from $ 74 to $ 90, with its maximum at $ 94.
The growth is trying to overcome the key area of $ 80- $ 90 and turn a short-term rebound into a long-term trend.
While the rate is below $ 90, further long-term decline is more likely.
Monero was adjusted down by 5% from $ 269 to $ 255, maximum being at $ 299.
The medium-term decline is stopped. Now the zone around $ 280 is the key one between sideways and rising trends. The bottom up support seems to be above $ 200.
DASH during the week grew by 6% from $ 469 to $ 498, its maximum rate was $ 572.
The rate broke out of the consolidation of the falling trend upwards.
However, the resumption of long-term growth can be possible only after overcoming the resistance area of $ 600 - $ 800.
NEM grew by 13% from $ 38 to $ 43 over the past week, its maximum was $ 47.
The growth slowed down between fast and slow moving averages.
Further consolidation between $ 0.3 and $ 0.6 is more likely.
Wish you profitable deals!
And follow our reviews.
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