Weekly review of 10 major cryptocurrencies 11.06.18 - 17.06.18
Last week major cryptocurrencies continued to decline achieving new local minimums and ended the week with significant rebound from them.
Bitcoin was reaching the minimum of $ 6’108. Its share in total capitalization rose to 40%.
The number of billionaire-coins decreased to 18 and their total number (according to coinmarketcap.com) fell to 1’629. The total capitalization of cryptocurrencies decreased to $ 276 billion.
Bitcoin fell by 5% from $ 6’760 to $ 6’440 last week, the minimum was $ 6’108.
The consolidation is gradually decreasing to the key level of $ 6’000. Its break will cause acceleration of decline. Its retention will give confidence to bulls and can cause bears’ discouragement with further growth of rates. Until $ 10’000 is overcome, long-term technical picture remains bearish.
Ethereum decreased by 5% from $ 524 to $ 497 last week with the minimum of $ 450.
Ethereum dropped and has been staying under both fast-moving and low-moving averages. Herewith low-moving average has been declining.
Medium-term downward trend has continued. The support on $ 360 is very likely to resist this week. The rise above $ 800 will signal about growth resumption.
Ripple (XRPUSD) decreased by 10% from $ 0,58 to $ 0,52 during last week, the minimum was $ 0,50.
The decline has continued. New local minimum has been reached.
Low-moving average is going down. The further decline is likely.
BCHUSD fell by 10% from $ 934 to $ 845 last week, the minimum was $ 800.
The rate fell off down from fast-moving average and continued to decrease. This is a bearish sign. The support is on $ 900 and $ 600. The resistance is $ 1’300 and $ 1'800 then. Further decline is more likely.
Litecoin decreased by 15% from $ 106 to $ 95 last week, the minimum was $ 88.
The key support near $ 100 has been broken.
If within nearest days there is no coming back above $ 100, there will not be technical obstacles for decline to $ 55.
IOTA fell by further 15% from $ 1,37 to $ 1,17, the minimum was $ 1,12.
The decline has been continuing and the rebounds are insignificant. Further decrease to $ 1 as minimum is more likely.
NEO fell by further 13% from $ 45 to $ 39, the minimum was $ 35.
The support near $ 45 has been broken. There are now no technical obstacles for decline to $ 22. Further decrease is more likely.
Monero fell by further 12% from $ 139 to $ 123, the minimum was $ 102.
The support above $ 150 has been broken and the decline has continued. Further decrease with approximate target of around $ 80 is more likely.
DASH decreased by further 1,5% from $ 269 to $ 265, the minimum was $ 234.
The fall reached the support above $ 220. However, it is very likely to just slow down the decrease. Further decline is more likely.
NEM declined by 10% from $ 0,215 to $ 0,1925, the minimum was $ 0,18.
Important support on $ 0,20 has been broken. If there is no rebound above $ 0,2 within nearest days, there will be no technical obstacles for decline to $ 0,1.
Further decrease is more likely.
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Bitcoin was reaching the minimum of $ 6’108. Its share in total capitalization rose to 40%.
The number of billionaire-coins decreased to 18 and their total number (according to coinmarketcap.com) fell to 1’629. The total capitalization of cryptocurrencies decreased to $ 276 billion.
Bitcoin fell by 5% from $ 6’760 to $ 6’440 last week, the minimum was $ 6’108.
The consolidation is gradually decreasing to the key level of $ 6’000. Its break will cause acceleration of decline. Its retention will give confidence to bulls and can cause bears’ discouragement with further growth of rates. Until $ 10’000 is overcome, long-term technical picture remains bearish.
Ethereum decreased by 5% from $ 524 to $ 497 last week with the minimum of $ 450.
Ethereum dropped and has been staying under both fast-moving and low-moving averages. Herewith low-moving average has been declining.
Medium-term downward trend has continued. The support on $ 360 is very likely to resist this week. The rise above $ 800 will signal about growth resumption.
Ripple (XRPUSD) decreased by 10% from $ 0,58 to $ 0,52 during last week, the minimum was $ 0,50.
The decline has continued. New local minimum has been reached.
Low-moving average is going down. The further decline is likely.
BCHUSD fell by 10% from $ 934 to $ 845 last week, the minimum was $ 800.
The rate fell off down from fast-moving average and continued to decrease. This is a bearish sign. The support is on $ 900 and $ 600. The resistance is $ 1’300 and $ 1'800 then. Further decline is more likely.
Litecoin decreased by 15% from $ 106 to $ 95 last week, the minimum was $ 88.
The key support near $ 100 has been broken.
If within nearest days there is no coming back above $ 100, there will not be technical obstacles for decline to $ 55.
IOTA fell by further 15% from $ 1,37 to $ 1,17, the minimum was $ 1,12.
The decline has been continuing and the rebounds are insignificant. Further decrease to $ 1 as minimum is more likely.
NEO fell by further 13% from $ 45 to $ 39, the minimum was $ 35.
The support near $ 45 has been broken. There are now no technical obstacles for decline to $ 22. Further decrease is more likely.
Monero fell by further 12% from $ 139 to $ 123, the minimum was $ 102.
The support above $ 150 has been broken and the decline has continued. Further decrease with approximate target of around $ 80 is more likely.
DASH decreased by further 1,5% from $ 269 to $ 265, the minimum was $ 234.
The fall reached the support above $ 220. However, it is very likely to just slow down the decrease. Further decline is more likely.
NEM declined by 10% from $ 0,215 to $ 0,1925, the minimum was $ 0,18.
Important support on $ 0,20 has been broken. If there is no rebound above $ 0,2 within nearest days, there will be no technical obstacles for decline to $ 0,1.
Further decrease is more likely.
Wish you profitable deals and follow our reviews!
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