XRPShort
Trend Analysis: BTC ETH XRP BCH LTC
BTC/USD
Overview:
The trend for Bitcoin remains descending. The cancellation of the bearish trend will be confirmed by the breakdown and fixing of the Bitcoin price above the level of $9400.
Current situation:
Bitcoin price almost reached the target at $6800. Today we expect the quotation of BTC / USD to reach this level. For buyers there is the last defensive line in the price zone of $6800- $6660, if the price falls below this zone, then the quotation will be entirely in the hands of the sellers and the decline will continue to levels: $5780, $5400. To restore strength to buyers of BTC / USD, it is necessary to redeem a quotation above $7500.
Key levels are used by traders for: determining immediate targets, limiting losses, fixing profits, entry points.
Resistance levels: $7600; $7800; $8000; $8300; $8500; $8650; $8800; $9120; $9400.
Support levels: $7200; $6800; $6660; $6276; $6354; $6100; $5940; $5780; $5450.
Forecast:
Bitcoin price drop to the price zone 6800-6660.
ETH/USD
Overview :
The global trend remains descending.
Current situation:
Ethereum price is in an expanding formation. On the daily chart, there is a breakdown of the global support line at $430. The next important level on the chart is $360, this is the mark of the previous low. There are chances to see the quotation of ETH / USD at this level in the current decline cycle.
Resistance levels: $420; $440; $485; $ 515; $555; $585.
Support levels: $400; $380, $360.
Forecast:
Continuation of the price reduction of the Ethereum to the price zone of $390- $380.
XRP/USD
Overview:
Downtrend. The cancellation of the downward trend of the Ripple quotation will be a break through 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. If the price of XRP / USD falls below the level, than panic sales of this asset a possible to the level of $0.30.
Current situation:
The quotation of Ripple is still in the narrowing triangle formation. We expect exit from this figure down to the zone: $0.40- $0.38.
Resistance levels: $0.44; $0.47; $0.52; $0.54.
Support levels: $0.42; $0.40; $0.38.
Forecast:
Break through of the support level at $0.42 and reduce the price of Ripple to $0.40- $0.38.
BCH/USD
Overview:
Trend is bearish.
Current situation:
Bitcoin Cash quotation went below $700. Sellers of this crypto currency also prevail over buyers. The price of BCH/USD is below the support level of the uptrend. We expect the price of BCH/USD to continue falling to the price zone: $680- $650. Also, we do not exclude the option with a decrease in the Bitcoin Cash price to $600.
Resistance levels: $700; $720; $750; $780; $820; $840; $890; $930; $970; $1020.
Support levels: $680; $650; $600.
Forecast:
Continuation of the price reduction BCH / USD to $680.
LTC/USD
Overview:
Trend is bearish.
Current situation:
Litecoin quotation tested an ascending channel at level 78 from below and continued reduction. We forecast a further decline in the price of Litecoin to $67.
Resistance levels: $78; $80; $90; $94; $100.
Support levels: $72; $67.
Forecast:
Continuation of the price reduction of Litecoin from the level of $75 and the target in the $70 zone.
Overview:
The trend for Bitcoin remains descending. The cancellation of the bearish trend will be confirmed by the breakdown and fixing of the Bitcoin price above the level of $9400.
Current situation:
Bitcoin price almost reached the target at $6800. Today we expect the quotation of BTC / USD to reach this level. For buyers there is the last defensive line in the price zone of $6800- $6660, if the price falls below this zone, then the quotation will be entirely in the hands of the sellers and the decline will continue to levels: $5780, $5400. To restore strength to buyers of BTC / USD, it is necessary to redeem a quotation above $7500.
Key levels are used by traders for: determining immediate targets, limiting losses, fixing profits, entry points.
Resistance levels: $7600; $7800; $8000; $8300; $8500; $8650; $8800; $9120; $9400.
Support levels: $7200; $6800; $6660; $6276; $6354; $6100; $5940; $5780; $5450.
Forecast:
Bitcoin price drop to the price zone 6800-6660.
ETH/USD
Overview :
The global trend remains descending.
Current situation:
Ethereum price is in an expanding formation. On the daily chart, there is a breakdown of the global support line at $430. The next important level on the chart is $360, this is the mark of the previous low. There are chances to see the quotation of ETH / USD at this level in the current decline cycle.
Resistance levels: $420; $440; $485; $ 515; $555; $585.
Support levels: $400; $380, $360.
Forecast:
Continuation of the price reduction of the Ethereum to the price zone of $390- $380.
XRP/USD
Overview:
Downtrend. The cancellation of the downward trend of the Ripple quotation will be a break through 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. If the price of XRP / USD falls below the level, than panic sales of this asset a possible to the level of $0.30.
Current situation:
The quotation of Ripple is still in the narrowing triangle formation. We expect exit from this figure down to the zone: $0.40- $0.38.
Resistance levels: $0.44; $0.47; $0.52; $0.54.
Support levels: $0.42; $0.40; $0.38.
Forecast:
Break through of the support level at $0.42 and reduce the price of Ripple to $0.40- $0.38.
BCH/USD
Overview:
Trend is bearish.
Current situation:
Bitcoin Cash quotation went below $700. Sellers of this crypto currency also prevail over buyers. The price of BCH/USD is below the support level of the uptrend. We expect the price of BCH/USD to continue falling to the price zone: $680- $650. Also, we do not exclude the option with a decrease in the Bitcoin Cash price to $600.
Resistance levels: $700; $720; $750; $780; $820; $840; $890; $930; $970; $1020.
Support levels: $680; $650; $600.
Forecast:
Continuation of the price reduction BCH / USD to $680.
LTC/USD
Overview:
Trend is bearish.
Current situation:
Litecoin quotation tested an ascending channel at level 78 from below and continued reduction. We forecast a further decline in the price of Litecoin to $67.
Resistance levels: $78; $80; $90; $94; $100.
Support levels: $72; $67.
Forecast:
Continuation of the price reduction of Litecoin from the level of $75 and the target in the $70 zone.
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