BitcoinShort
Trend Analysis: BTC ETH XRP BCH LTC
BTC/USD
Current situation:
The price of Bitcoin went down from its consolidation zone. We expect a further decline in BTC/USD quotes to $5000. After the end of the pulse, we expect a correction up to the previously broken support line in the area of $5700- $6000.
Cancellation of the scenario may be caused by Bitcoin price increase above $6100.
Resistance levels: $5700; $6100; $6300; $6400; $6450; $6800; $6900; $7200; $7400.
Support levels: $5400; $5000; $4500; $4000.
Forecast:
BTC/USD price reduction from $5400 and target $5000.
ETH/USD
Current situation:
The quotation of the Ethereum broke through the support line near the level of $185 and is currently trading below this level.
We remain in the position of sellers. The main resistance zone is the range: $185- $195. We expect the price of ETH/USD to fall to levels: $150, $110.
We do not exclude a correction up to the zone of resistance: 185-195.
Resistance levels: $185; $200; $220; $240, $280; $300; $325; $350; $380; $400.
Support levels: $150; $100.
Forecast:
Continued fall in the price of ETH/USD to $150.
XRP/USD
Current situation:
If the sellers manage to break through the $0.44- $0.40 zone, then we will expect XRP/USD quotation near $0.30.
Also, we do not exclude the renewal of minimum prices in the $0.20- $0.15 zone.
Resistance levels: $0.50; $0.58; $0.70; $0.76.
Support levels: $0.44; $0.38; $0.30.
Forecast:
Ripple price reduction from $0.44 and target near $0.30 level.
BCH/USD
Current situation:
Bitcoin Cash price has broken through the $500 level and is being traded under it. The next decisive level of support is the $425 level. Yesterday, the Bitcoin Kesh quotation failed to consolidate below this level.
If the BCH/USD sellers manage to return the quotation below the 425 level, then we expect the update of the lows of BCH/USD price in the zone of $400- $350. Also, do not exclude the fall in prices to $300.
Resistance levels: $500; $560; $600; $620; $650; $680; $800.
Support levels: $425; $400; $350; $300.
Forecast:
The continued decline in the price of BCH/USD to $350.
LTC/USD
Current situation:
The price of Litecoin is near the $40 mark. We expect to continue the fall in the price of LTC/USD to the zone of $35- $30.
Resistance levels: $46; $48; $50; $54; $58; $60; $62; $65; $68; $72; $75.
Support levels: $35, $30.
Forecast:
Continued reduction of the Litecoin price to the zone: $35 - $30.
Current situation:
The price of Bitcoin went down from its consolidation zone. We expect a further decline in BTC/USD quotes to $5000. After the end of the pulse, we expect a correction up to the previously broken support line in the area of $5700- $6000.
Cancellation of the scenario may be caused by Bitcoin price increase above $6100.
Resistance levels: $5700; $6100; $6300; $6400; $6450; $6800; $6900; $7200; $7400.
Support levels: $5400; $5000; $4500; $4000.
Forecast:
BTC/USD price reduction from $5400 and target $5000.
ETH/USD
Current situation:
The quotation of the Ethereum broke through the support line near the level of $185 and is currently trading below this level.
We remain in the position of sellers. The main resistance zone is the range: $185- $195. We expect the price of ETH/USD to fall to levels: $150, $110.
We do not exclude a correction up to the zone of resistance: 185-195.
Resistance levels: $185; $200; $220; $240, $280; $300; $325; $350; $380; $400.
Support levels: $150; $100.
Forecast:
Continued fall in the price of ETH/USD to $150.
XRP/USD
Current situation:
If the sellers manage to break through the $0.44- $0.40 zone, then we will expect XRP/USD quotation near $0.30.
Also, we do not exclude the renewal of minimum prices in the $0.20- $0.15 zone.
Resistance levels: $0.50; $0.58; $0.70; $0.76.
Support levels: $0.44; $0.38; $0.30.
Forecast:
Ripple price reduction from $0.44 and target near $0.30 level.
BCH/USD
Current situation:
Bitcoin Cash price has broken through the $500 level and is being traded under it. The next decisive level of support is the $425 level. Yesterday, the Bitcoin Kesh quotation failed to consolidate below this level.
If the BCH/USD sellers manage to return the quotation below the 425 level, then we expect the update of the lows of BCH/USD price in the zone of $400- $350. Also, do not exclude the fall in prices to $300.
Resistance levels: $500; $560; $600; $620; $650; $680; $800.
Support levels: $425; $400; $350; $300.
Forecast:
The continued decline in the price of BCH/USD to $350.
LTC/USD
Current situation:
The price of Litecoin is near the $40 mark. We expect to continue the fall in the price of LTC/USD to the zone of $35- $30.
Resistance levels: $46; $48; $50; $54; $58; $60; $62; $65; $68; $72; $75.
Support levels: $35, $30.
Forecast:
Continued reduction of the Litecoin price to the zone: $35 - $30.
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