XRPShort
Trend Analysis: BTC ETH XRP BCH LTC
BTC/USD
Overview:
The trend for Bitcoin remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market.
Current situation:
Bitcoin quotation today fell to $6220, which is not critical for canceling the correction up. We remain in the position that the chances of Bitcoin rising to $6750- $6850 and even possibly up to $7160 still remain. Cancelation of the script is the price going below $6200. In this case, we will wait for the quotation at $5800, $5400.
Resistance levels: $6750, $6850, $7000, $7160; $7500.
Support levels: $6200; $5800; $5400; $4500
Forecast:
We continue to expect the end of the correction of Bitcoin's price in the $6750- $6850 zone. After the end of the correction, we forecast a decrease in the asset to levels: $5800, $5400.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
On Ethereum the situation in our opinion has not yet been determined and correction is possible up to the previously stated zone of $350- $380. After the completion of the corrective phase, we predict that the price will continue to fall to the $240- $220 zone, and we also do not rule out a drop in prices from current levels ($280) to $200 and $180.
Resistance levels: $300; $325; $350; $380; $400.
Support levels: $280; $250; $240, $220, $180.
Forecast:
Continuation of the price reduction of the Ethereum from the zone of $350- $380 and the target in the $240- $220 zone.
XRP/USD
Overview:
Trend is downward.
Current situation:
The price of Ripple is traded in the zone of narrowing consolidation of $0,315- $0,345. We expect exit from this zone upwards to the mark: $0.38, $0.40 and possibly even $0.42.
Resistance levels: $0.36; $0.38; $0.40; $0.44; $0.47; $0.52; $0.54.
Support levels: $0.32; $0.30; $0.28; $0.24; $0.22.
Forecast:
Continuation of the decline in the price of Ripple from the zone $0.38- $0.42 and the target at $0.24.
BCH/USD
Overview:
Trend is bearish.
Current situation:
Bitcoin Cash price was lowering today to the level of 510. We remain in the position of price growth to the $650- $680 zone, after which we expect the price to continue falling to a mark near the $400 level. If the price goes below $500, the corrective growth is canceled.
Resistance levels: $585; $600; $620; $650; $680.
Support levels: $540; $500; $470; $450; $400.
Forecast:
Bitcoin Cash price drop from the level of $680 and the first target near the $450 mark.
LTC /USD
Overview:
Trend is bearish.
Current situation:
The price of Litecoin is trading near the support level of $55. We expect correction of the LTC / USD quotation up to the $65- $70 zone. After that, the continued decline in the LTC / USD quotes in the direction of the trend, to $46. We do not exclude the option of lowering the price of Litecoin to $46, without correction to the specified zone ($65- $70).
Resistance levels: $58; $60; $62; $65; $67; $72; $75.
Support levels: $55; $50; $46.
Forecast:
Continued reduction in the price of Litecoin, after the correction is over in the $65- $70 zone. The goal of the decrease is $46.
Overview:
The trend for Bitcoin remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market.
Current situation:
Bitcoin quotation today fell to $6220, which is not critical for canceling the correction up. We remain in the position that the chances of Bitcoin rising to $6750- $6850 and even possibly up to $7160 still remain. Cancelation of the script is the price going below $6200. In this case, we will wait for the quotation at $5800, $5400.
Resistance levels: $6750, $6850, $7000, $7160; $7500.
Support levels: $6200; $5800; $5400; $4500
Forecast:
We continue to expect the end of the correction of Bitcoin's price in the $6750- $6850 zone. After the end of the correction, we forecast a decrease in the asset to levels: $5800, $5400.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
On Ethereum the situation in our opinion has not yet been determined and correction is possible up to the previously stated zone of $350- $380. After the completion of the corrective phase, we predict that the price will continue to fall to the $240- $220 zone, and we also do not rule out a drop in prices from current levels ($280) to $200 and $180.
Resistance levels: $300; $325; $350; $380; $400.
Support levels: $280; $250; $240, $220, $180.
Forecast:
Continuation of the price reduction of the Ethereum from the zone of $350- $380 and the target in the $240- $220 zone.
XRP/USD
Overview:
Trend is downward.
Current situation:
The price of Ripple is traded in the zone of narrowing consolidation of $0,315- $0,345. We expect exit from this zone upwards to the mark: $0.38, $0.40 and possibly even $0.42.
Resistance levels: $0.36; $0.38; $0.40; $0.44; $0.47; $0.52; $0.54.
Support levels: $0.32; $0.30; $0.28; $0.24; $0.22.
Forecast:
Continuation of the decline in the price of Ripple from the zone $0.38- $0.42 and the target at $0.24.
BCH/USD
Overview:
Trend is bearish.
Current situation:
Bitcoin Cash price was lowering today to the level of 510. We remain in the position of price growth to the $650- $680 zone, after which we expect the price to continue falling to a mark near the $400 level. If the price goes below $500, the corrective growth is canceled.
Resistance levels: $585; $600; $620; $650; $680.
Support levels: $540; $500; $470; $450; $400.
Forecast:
Bitcoin Cash price drop from the level of $680 and the first target near the $450 mark.
LTC /USD
Overview:
Trend is bearish.
Current situation:
The price of Litecoin is trading near the support level of $55. We expect correction of the LTC / USD quotation up to the $65- $70 zone. After that, the continued decline in the LTC / USD quotes in the direction of the trend, to $46. We do not exclude the option of lowering the price of Litecoin to $46, without correction to the specified zone ($65- $70).
Resistance levels: $58; $60; $62; $65; $67; $72; $75.
Support levels: $55; $50; $46.
Forecast:
Continued reduction in the price of Litecoin, after the correction is over in the $65- $70 zone. The goal of the decrease is $46.
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