EthereumShort
Trading plan: BTC ETH XRP BCH LTC
BTCUSD
Bitcoin rate bounced off the level of $7200 and intends to grow. In our opinion, buyers will not have enough strength to raise the price of Bitcoin, and the fall will happen starting from the level of resistance.
Of course, there is a possibility of continued growth of Bitcoin's price to $8500, but today we are rooting for bears.
Forecast for today:
The fall of Bitcoin's rate from $7800 to $6825.
ETHUSD
Compared to Bitcoin, the price of Ethereum is in bear trend: 80% absorption of the growing impulse, a 50% delay in the downward movement.
Forecast for today:
The drop in the rate of Ethereum from $480 to $440.
XRPUSD
Ripple price moves in the corridor: $0.52 - $0.42. In our opinion, Ripple's rate will come out of the flat downward.
Forecast for today:
The Ripple rate drop from $0.47 to $ 0.40.
BCHUSD
The trading situation for Bitcoin Cash is complex: there is an impulse for purchases to the level of $ 900, but also its absorption by 50% of the movement downwards. We believe that buyers of Bitcoin Cash will soon be weakened, and the bears will continue their feast.
Forecast for today:
The drop of the Bitcoin Cash rate from $850 to $700.
LTCUSD
The trade picture of Litecoin is somewhat similar to Ripple: a long consolidation in the corridor with equal impulses of growth and fall.
Forecast for today:
Litecoin rate drop from $88 to $74.
Bitcoin rate bounced off the level of $7200 and intends to grow. In our opinion, buyers will not have enough strength to raise the price of Bitcoin, and the fall will happen starting from the level of resistance.
Of course, there is a possibility of continued growth of Bitcoin's price to $8500, but today we are rooting for bears.
Forecast for today:
The fall of Bitcoin's rate from $7800 to $6825.
ETHUSD
Compared to Bitcoin, the price of Ethereum is in bear trend: 80% absorption of the growing impulse, a 50% delay in the downward movement.
Forecast for today:
The drop in the rate of Ethereum from $480 to $440.
XRPUSD
Ripple price moves in the corridor: $0.52 - $0.42. In our opinion, Ripple's rate will come out of the flat downward.
Forecast for today:
The Ripple rate drop from $0.47 to $ 0.40.
BCHUSD
The trading situation for Bitcoin Cash is complex: there is an impulse for purchases to the level of $ 900, but also its absorption by 50% of the movement downwards. We believe that buyers of Bitcoin Cash will soon be weakened, and the bears will continue their feast.
Forecast for today:
The drop of the Bitcoin Cash rate from $850 to $700.
LTCUSD
The trade picture of Litecoin is somewhat similar to Ripple: a long consolidation in the corridor with equal impulses of growth and fall.
Forecast for today:
Litecoin rate drop from $88 to $74.
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