Short

Trend Analysis: BTC ETH XRP BCH LTC

Overview:
The forecasted level of the end of BTC / USD correction in the price zone: $7400- $7600, was not confirmed. The next strong zone of sellers is the $8000- $8600 zone, from which sales are possible. The cancellation of the bearish trend will be confirmed by the breakdown and fixing of Bitcoin's price above the level of $9400. Bitcoin is in downtrend.

Current situation:
Today Bitcoin's price continued to grow to $8000 and is currently trading higher. We forecast a stop of growth in the $8200- $8600 zone. We also do not exclude the scenario with the continuation of the price increase to the level of $9400.

Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.

Resistance levels: $8200; $8600; $8800; $9400.
Support levels: $7800; $7600; $7000; $6800; $6660; $6276; $6354; $6100; $5940; $5780; $5085.

Forecast:
The price decrease from the $8200- $8600 zone and the stop at $7600.

Overview:
Trend is bearish. An important level of resistance for the cancellation of the downward trend of Ethereum price is the level of $555. Transactions for the sale of this asset are still in priority.

Current situation:
Ethereum price continues to consolidate near an important level of 485.We forecast a decrease in ETH / USD price from this level, the target is expected at around $420. In case Ethereum price will be able to pass the level of $485 from the bottom up and fix above, then we will receive a signal to cancel the bearish ETH / USD forecast.

Resistance levels: $485; $515; $555; $585.
Support levels: $465; $441; $420; $404; $360.

Forecast:
Decrease in the price of ETH from $ 485 to $ 420.

Overview:
Downtrend. The cancellation of the downward trend of the Ripple quotation will be a breakthrough of the level of $0.60 and consolidation above this level. An important line of support for the price of XRP / USD is the $0.42- $0.40 zone.

Current situation:
We expect a fall in the price of Ripl from the $0.46- $0.48 zone. The target of XRP / USD quotation drop is expected in the $0.43- $0.42 zone.

Resistance levels: $0.48; $0.50; $0.52; $0.54.
Support levels: $0.43; $0.42; $0.40; $0.38.

Forecast:
Ripple price drop from the zone of $0.46- $0.48 to levels: $0.43, $0.42.

Overview:
Trend is bearish. The key level for the downtrend cancelation is resistance at $1000.

Current situation:
Bitcoin Cash price broke its important level of resistance at $820 and went higher. The expected level of stopping of the BCH / USD growth is in the $890- $970 zone.

Resistance levels: $890; $930; $970; $1020.
Support levels: $830; $780; $750; $820; $780; $750; $720; $680.

Forecast:
The price decrease from the zone of $890-$970 with the target at the level: $830.

Overview:
Trend is bearish. The fixing of the LTC / USD price over the zone of $ 100- $ 110 will be a sign of reversal of the downtrend. Transactions for the sale of LTC / USD are still in priority.

Current situation:
LTC / USD quotation broke the level of $85 and went higher. We forecast a stop of growth in the $85- $94 zone. The cancellation of the scenario will be the breakthrough of $94 level from the bottom upwards and fixing above this level.

Resistance levels: $85; $90; $94; $100.
Support levels: $81; $75; $72; $66.

Forecast:
Litecoin price drop from $85- $94 to $80.

VARZAR_INVESTMENT

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