XRPShort
Trend Analysis: BTC ETH XRP BCH LTC
BTC/USD
Overview:
The trend for Bitcoin remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market.
Current situation:
Bitcoin is traded in the consolidation zone of $6200- $6600. In the event of a price rise, we expect Bitcoin's quotation to be in the $6750- $ 6850 zone. Also, we do not exclude the decrease of Bitcoin's price in the direction of the trend, in this case we expect quotations at the levels: $5800, $5400.
Resistance levels: $6750, $6850, $7000, $7160; $7500.
Support levels: $6300; $5800; $5400.
Forecast:
We continue to expect the end of the correction of Bitcoin's price in the $6750- $6850 zone. After that, we predict a decline in the asset to levels: $5800, $5400.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
The price of Ethereum overcame the level of $300, if it can consolidate above this level, then the quotation will continue its correction upwards to the level of $380. Otherwise, the decline will last until the $240- $ 220 zone. We forecast the continuation of the reduction in the price of ETH / USD after the correction is completed at the level of $350- $380.
Resistance levels: $300; $325; $350; $380; $400.
Support levels: $300; $280; $250; $240, $220, $180.
Forecast:
Continued reduction in the price of the Ethereum from the $350- $380 zone and with the target in the $240- $220 zone.
XRP/USD
Overview:
Trend is downward.
Current situation:
The Ripple quotation yesterday rose to $0.37, which shows the interest of buyers to this asset. If the price of Ripple is able to hold above $0.30, then we expect growth to continue within the correction to the $0.38- $0.40 zone. After that, the price of XRP/USD will continue its decline in the trend direction to the $0.24- $0.22 zone.
Resistance levels:$0,36; $0,38; $0,40; $0,44; $0,47; $0,52; $0,54.
Support levels: $0,32; $0,30; $0,28; $0,24; $0,22
Forecast:
Continuation of the decline in the price of Ripple from the $0.38- $0.40 zone and the target at $0.24.
BCH/USD
Overview:
Trend is bearish.
Current situation:
Bitcoin Cash price yesterday reached the level of $600 and went below this level. If the buyers can take the quotation BCH/USD above the level of $600, then the price is likely to reach the level near $680. We expect the price to continue to decrease from the level of $680 and the target near the 400 mark. Also, we do not exclude the price reduction from the current level, in case of not keeping customers support at $550.
Resistance levels: $585; $600; $620; $650; $680.
Support levels: $550; $500; $470; $450; $400.
Forecast:
Continuation of the Bitcoin Cash price decline from the level of $680 and the first target near the $450 mark.
LTC/USD
Overview:
Trend is bearish.
Current situation:
The LTC/USD quotation reached the level of $62 and went below $60. If the quotation does not go below $55, then we expect the correction to continue upward to the $65- $70 zone. If buyers do not keep the level of $55, the continuation of the upward correction is canceled and the price of Litecoin will continue to decrease to $46.
Resistance levels: $58; $60; $62; $65; $67; $72; $75.
Support levels: $55; $50; $46.
Forecast:
Continuation of the decrease in the price of Litecoin, after the correction of the price in the $65- $70 zone. The goal of the decrease is $46.
Overview:
The trend for Bitcoin remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market.
Current situation:
Bitcoin is traded in the consolidation zone of $6200- $6600. In the event of a price rise, we expect Bitcoin's quotation to be in the $6750- $ 6850 zone. Also, we do not exclude the decrease of Bitcoin's price in the direction of the trend, in this case we expect quotations at the levels: $5800, $5400.
Resistance levels: $6750, $6850, $7000, $7160; $7500.
Support levels: $6300; $5800; $5400.
Forecast:
We continue to expect the end of the correction of Bitcoin's price in the $6750- $6850 zone. After that, we predict a decline in the asset to levels: $5800, $5400.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
The price of Ethereum overcame the level of $300, if it can consolidate above this level, then the quotation will continue its correction upwards to the level of $380. Otherwise, the decline will last until the $240- $ 220 zone. We forecast the continuation of the reduction in the price of ETH / USD after the correction is completed at the level of $350- $380.
Resistance levels: $300; $325; $350; $380; $400.
Support levels: $300; $280; $250; $240, $220, $180.
Forecast:
Continued reduction in the price of the Ethereum from the $350- $380 zone and with the target in the $240- $220 zone.
XRP/USD
Overview:
Trend is downward.
Current situation:
The Ripple quotation yesterday rose to $0.37, which shows the interest of buyers to this asset. If the price of Ripple is able to hold above $0.30, then we expect growth to continue within the correction to the $0.38- $0.40 zone. After that, the price of XRP/USD will continue its decline in the trend direction to the $0.24- $0.22 zone.
Resistance levels:$0,36; $0,38; $0,40; $0,44; $0,47; $0,52; $0,54.
Support levels: $0,32; $0,30; $0,28; $0,24; $0,22
Forecast:
Continuation of the decline in the price of Ripple from the $0.38- $0.40 zone and the target at $0.24.
BCH/USD
Overview:
Trend is bearish.
Current situation:
Bitcoin Cash price yesterday reached the level of $600 and went below this level. If the buyers can take the quotation BCH/USD above the level of $600, then the price is likely to reach the level near $680. We expect the price to continue to decrease from the level of $680 and the target near the 400 mark. Also, we do not exclude the price reduction from the current level, in case of not keeping customers support at $550.
Resistance levels: $585; $600; $620; $650; $680.
Support levels: $550; $500; $470; $450; $400.
Forecast:
Continuation of the Bitcoin Cash price decline from the level of $680 and the first target near the $450 mark.
LTC/USD
Overview:
Trend is bearish.
Current situation:
The LTC/USD quotation reached the level of $62 and went below $60. If the quotation does not go below $55, then we expect the correction to continue upward to the $65- $70 zone. If buyers do not keep the level of $55, the continuation of the upward correction is canceled and the price of Litecoin will continue to decrease to $46.
Resistance levels: $58; $60; $62; $65; $67; $72; $75.
Support levels: $55; $50; $46.
Forecast:
Continuation of the decrease in the price of Litecoin, after the correction of the price in the $65- $70 zone. The goal of the decrease is $46.
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