Short

Trend Analysis: BTC ETH XRP BCH LTC

Overview:
Bitcoin is in a downtrend. 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:
At the moment, the price is being consolidated in the range of $8000- $8300. We forecast that the price will come from consolidation down to the level of $7600. If the price rises above the level of $8300, then the growth can continue to levels: $8500, $8650, $9000.
Since the global trend remains descending, the priority of the transaction is for sale.

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

Resistance levels: $8300; $8500; $8600; $8800; $9120; $9400.
Support levels: $8000; $7600; $6800; $6660; $6276; $6354; $6100; $5940; $5780; $5450 (main).

Forecast:
The decrease in the price of BTC / USD from the accumulation zone is $8000- $8300 and with a stop at $7600.

Overview:
The global trend remains descending. The turning point for the breakdown of the trend is the mark at $555.

Current situation:
Ethereum quotation is trading in a narrowing range, the exit from which we forecast down to levels: $440, $420. The cancelation of the scenario will be the rise in the price of Ethereum above the $470- $485 zone.

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

Forecast:
The decrease in the price of ETH from $460 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:
Ripple price is still traded in the flat zone: $0.43- $0.47. We forecast exit from this range down to the price zone of $0.42 - $0.40.

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 level of $0.45 to $0.40.

Overview:
The trend is bearish. The key level for the downtrend cancellation is resistance at $1000.

Current situation:
The price is traded in the consolidation zone, the exit from which we expect down to levels: $750, $720.

Resistance levels: $820; $840; $890; $930; $970; $1020.
Support levels: $780; $750; $820; $780; $750; $720; $680.

Forecast:
The decrease in the price of Bitcoin Cash from the level of $820 with the target at $750.

Overview:
The trend is bearish. The fixing of the LTC / USD price over the zone of $100- $110 will be a sign of a reversal of the downtrend. Transactions for the sale of LTC / USD are still in priority.
Current situation:
Litecoin price is trading near the level of $80, and exit from below will give us a signal of further LTC / USD price drop to $ 75. The scenario is canceled if Litecoin price rises above $90.

Resistance levels: $85; $90; $94; $100.
Support levels: $80; $75; $72; $66.

Forecast:
The decrease in the price of LTC / USD from the level of $80 and the target at $75.

VARZAR_INVESTMENT

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