XRPShort
Trend Analysis: BTC ETH XRP BCH LTC
BTC / USD
Overview:
The trend for Bitcoin remains descending. The cancellation of the bearish trend will be confirmed by the breakdown and fixing of Bitcoin's price above the level of $9400.
Current situation:
Bitcoin price yesterday fell to $6,120 and bounced upwards. In the priority are the deals for sale, the target of the decline at the levels: $5,800. $5,400. At the moment, the asset of BTC / USD looks oversold. We expect a price correction to levels: $6,750. $6,850 and after that the continued decline in the Bitcoin asset. Also, we do not exclude the lateral price movement in the range: $6120- $6600.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels: $6750, $6850, $7000, $7160; $7500; $7800; $8000; $8300; $8500; $8650; $8800.
Support levels: $6120; $6354; $6100; $5940; $5780; $5450.
Forecast:
Continuation of the price reduction of BTC / USD from the levels: $6750, 6850.The goal of reducing the asset BTC / USD is at $5800.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
The quotation of Ethereum yesterday fell below the level of $360 and is currently trading near this mark. We forecast a further decline in the price of ETH / USD to the $340- $300 zone. If the price is corrected, then the levels of resistance will be $380. $400.
Resistance levels: $380; $400; $420; $440; $485; $515; $555; $585.
Support levels: $340; $300.
Forecast:
Continuation of the reduction in the price of Ethereum from $380- $400 to $300.
XRP/USD
Overview:
Downtrend
The current situation:
Ripple quotation reached $0.32 yesterday, slightly not reaching our goal at $0.30. We expect further decline in the asset to $0.30. Also, we do not exclude the correction of the price of XRP / USD to the level of $0.38- $0.39.
Resistance levels: $0.38; $0.40; $0.44; $0.47; $0.52; $0.54.
Support levels: $0.32; $0.30.
Forecast:
Continuation of the price reduction to the level of $0.30.
BCH/USD
Overview:
Trend is bearish.
Current situation:
Bitcoin Cash price yesterday went below the level of $600 and at the moment is trading below it. We forecast a further decline in the asset to $550- $500. The maximum correction levels up BCH / USD are in the $650- $680 zone.
Resistance levels: $650; 680 $; $740; $760; $780.
Support levels: $550; $500.
Forecast: Continued reduction of the Bitcoin Cash price to the $550 - $500 zone.
LTC/USD
Overview:
Trend is bearish.
Current situation:
Litecoin quotation is trading near the level of $60. We predict a further price reduction to the $55- $50 zone. Possible correction levels: $64, $68.
Resistance levels: $70; $72; $75; $78; $80; $90; $94; $100.
Support levels: $60. $55, $50.
Forecast:
Continued decrease in the price of Litecoin to $55.
Overview:
The trend for Bitcoin remains descending. The cancellation of the bearish trend will be confirmed by the breakdown and fixing of Bitcoin's price above the level of $9400.
Current situation:
Bitcoin price yesterday fell to $6,120 and bounced upwards. In the priority are the deals for sale, the target of the decline at the levels: $5,800. $5,400. At the moment, the asset of BTC / USD looks oversold. We expect a price correction to levels: $6,750. $6,850 and after that the continued decline in the Bitcoin asset. Also, we do not exclude the lateral price movement in the range: $6120- $6600.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels: $6750, $6850, $7000, $7160; $7500; $7800; $8000; $8300; $8500; $8650; $8800.
Support levels: $6120; $6354; $6100; $5940; $5780; $5450.
Forecast:
Continuation of the price reduction of BTC / USD from the levels: $6750, 6850.The goal of reducing the asset BTC / USD is at $5800.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
The quotation of Ethereum yesterday fell below the level of $360 and is currently trading near this mark. We forecast a further decline in the price of ETH / USD to the $340- $300 zone. If the price is corrected, then the levels of resistance will be $380. $400.
Resistance levels: $380; $400; $420; $440; $485; $515; $555; $585.
Support levels: $340; $300.
Forecast:
Continuation of the reduction in the price of Ethereum from $380- $400 to $300.
XRP/USD
Overview:
Downtrend
The current situation:
Ripple quotation reached $0.32 yesterday, slightly not reaching our goal at $0.30. We expect further decline in the asset to $0.30. Also, we do not exclude the correction of the price of XRP / USD to the level of $0.38- $0.39.
Resistance levels: $0.38; $0.40; $0.44; $0.47; $0.52; $0.54.
Support levels: $0.32; $0.30.
Forecast:
Continuation of the price reduction to the level of $0.30.
BCH/USD
Overview:
Trend is bearish.
Current situation:
Bitcoin Cash price yesterday went below the level of $600 and at the moment is trading below it. We forecast a further decline in the asset to $550- $500. The maximum correction levels up BCH / USD are in the $650- $680 zone.
Resistance levels: $650; 680 $; $740; $760; $780.
Support levels: $550; $500.
Forecast: Continued reduction of the Bitcoin Cash price to the $550 - $500 zone.
LTC/USD
Overview:
Trend is bearish.
Current situation:
Litecoin quotation is trading near the level of $60. We predict a further price reduction to the $55- $50 zone. Possible correction levels: $64, $68.
Resistance levels: $70; $72; $75; $78; $80; $90; $94; $100.
Support levels: $60. $55, $50.
Forecast:
Continued decrease in the price of Litecoin to $55.
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