Trend Analysis: BTC ETH XRP BCH LTC

22 lug 2018

BTC/USD Overview:
Bitcoin is in downtrend. The cancellation of the bearish trend will be confirmed by the breakdown and fixing of Bitcoin's price above the level of $9400. The forecasted level of the end of the correction on BTC / USD is the price zone: $7400- $7600, there is the resistance line of the previously broken figure triangle.

Current situation:
Bitcoin's price could not be fixed below the level of $7380 and currently is trading above this level. We still forecast a decrease in the price of BTC / USD from the $7400- $7600 zone to levels: $ 6,800, $ 6,660.

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

Resistance levels: $7600; $7700; $8000; $8400; $8800; $9400.

Support levels: $6800; $6660; $6276; $6354; $6100; $5940; $5780; $5085.

Forecast:

The forecast remains the same. The price decrease from the $ 7400- $ 7600 zone and a stop at the levels: $ 6800, $ 6660.

ETH/USD
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:
At the moment, the price of Ethereum is consolidated near an important level of $ 485. We forecast a decrease in the price of ETH / USD from this level, the target is expected at around $ 420. In case if Ethereum price will be able to pass the level of $ 485 from the bottom up and consolidate 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:
Price reduction from $ 465- $ 485 to $ 420.

XRP / USD
Overview:
Trend is downward. The cancellation of the downward trend of the Ripple quotation will be a breakthrough 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 Ripla from the levels: $ 0.45, $ 0.48. 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 $ 0.45- $ 0.48 to levels: $ 0.43, $ 0.42.

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

Current situation:
Bitcoin Cash price is trading near the important resistance zone of $ 800- $ 820. We forecast a decrease in the price of BTC / USD from this zone to levels of $ 750, $ 720 and $ 680.

Resistance levels: $ 820; $ 850; $ 890; $ 930; $ 970; $ 1020.

Support levels: $ 785; $ 750; $ 820; $ 780; $ 750; $ 720; $ 680.

Forecast:

The price decrease from the zone of $ 800- $ 820 with the target at the levels: $ 750, $ 720.

LTC / USD
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 continues to consolidate near the resistance zone $ 85- $ 94. We forecast a price decrease from this zone to levels: $ 75, $ 72. 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 to levels: $ 75, $ 72.