BitcoinShort
Trend Analysis: BTC ETH XRP BCH LTC
BTC/USD
Current situation: BTC/USD is consolidating in a narrowing range of $4350- $4050. The exit from the range will determine the further movement of the Bitcoin price. If the Bitcoin quotation overcomes the level of $4350 from the bottom up, then the price with a high degree of probability will go into a correction up to the $5700- $6100 zone.
We expect the exit from consolidation down to levels: $3500, $3000.
Cancellation of the scenario may be caused by Bitcoin price increase above $6100.
Resistance levels: $4500; $5000; $5700; $6100; $6400.
Support levels: $4000; $3000.
Forecast:
Continued reduction of the price of BTC/USD to the zone of $4000- $3000.
ETH/USD
Current situation: The quotation of the Ethereum consolidates near the level of $120. Price going below $114, will lead to a further reduction in the price of Ethereum to $100.
If the price of Ethereum breaks through the level of $130 bottom-up, then we will expect the growth of quotations as part of the correction to the level of $160, $185.
Resistance levels: $130; $150; $185; $195; $220; $240.
Support levels: $120; $114; $100.
Forecast:
Continued fall in the price of ETH/USD to levels: $100, $110.
XRP/USD
Current situation: The situation does not change, the price of XRP/USD is near an important support area. We expect the break through of the level of $0.38 and departure to the level of $0.30.
Resistance levels: $0.50; $0.58; $0.70; $0.76.
Support levels: $0.44; $0.38; $0.30.
Forecast:
Reduction of the price of Ripple to the level of $0.30.
BCH/USD
Current situation:
The price of BCH/USD is near $200. We expect to further reduction of the Bitcoin Cash price to levels: $160, $150.
Resistance Levels: $200; $220; $300; $350; $400; $425.
Support levels: $200; $160; $150.
Forecast:
BCH/USD price reduction to levels: $160, $150.
LTC/USD
Current situation: The Litecoin price almost reached our target near $30. We expect a further decline in the price of Litecoin in the range: $30- $25.
Resistance levels: $35; $40; $46; $49; $50; $54; $58.
Support levels: $30; $27; $25.
Forecast:
Litecoin price reduction to levels: $27; $25
Current situation: BTC/USD is consolidating in a narrowing range of $4350- $4050. The exit from the range will determine the further movement of the Bitcoin price. If the Bitcoin quotation overcomes the level of $4350 from the bottom up, then the price with a high degree of probability will go into a correction up to the $5700- $6100 zone.
We expect the exit from consolidation down to levels: $3500, $3000.
Cancellation of the scenario may be caused by Bitcoin price increase above $6100.
Resistance levels: $4500; $5000; $5700; $6100; $6400.
Support levels: $4000; $3000.
Forecast:
Continued reduction of the price of BTC/USD to the zone of $4000- $3000.
ETH/USD
Current situation: The quotation of the Ethereum consolidates near the level of $120. Price going below $114, will lead to a further reduction in the price of Ethereum to $100.
If the price of Ethereum breaks through the level of $130 bottom-up, then we will expect the growth of quotations as part of the correction to the level of $160, $185.
Resistance levels: $130; $150; $185; $195; $220; $240.
Support levels: $120; $114; $100.
Forecast:
Continued fall in the price of ETH/USD to levels: $100, $110.
XRP/USD
Current situation: The situation does not change, the price of XRP/USD is near an important support area. We expect the break through of the level of $0.38 and departure to the level of $0.30.
Resistance levels: $0.50; $0.58; $0.70; $0.76.
Support levels: $0.44; $0.38; $0.30.
Forecast:
Reduction of the price of Ripple to the level of $0.30.
BCH/USD
Current situation:
The price of BCH/USD is near $200. We expect to further reduction of the Bitcoin Cash price to levels: $160, $150.
Resistance Levels: $200; $220; $300; $350; $400; $425.
Support levels: $200; $160; $150.
Forecast:
BCH/USD price reduction to levels: $160, $150.
LTC/USD
Current situation: The Litecoin price almost reached our target near $30. We expect a further decline in the price of Litecoin in the range: $30- $25.
Resistance levels: $35; $40; $46; $49; $50; $54; $58.
Support levels: $30; $27; $25.
Forecast:
Litecoin price reduction to levels: $27; $25
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