BTC/USD
Overview: Bitcoin trend remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market.
If the price of BTC/USD is lower than $5700, where the uptrend line is located (the trend was formed since March 2017), then the long-term reduction targets will be in the $4000- $3000 zone.
Current situation:
Bitcoin quotes remain in flat: $6350- $6500. We still expect price reduction to levels: $6100, $5700.
Cancellation of the short scenario may be caused by a rise in the Bitcoin price above $6800.
Resistance levels: $6500; $6800; $6900; $7200; $7400.
Support levels: $6100; $5800; $5400; $4500.
Forecast:
Bitcoin price reduction from $6400 with a target $5700.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
The price of ETH/USD is trading near $200. We still expect a price reduction to $180- $150.
Resistance levels: $200; $220; $240, $280; $300; $325; $350; $380; $400.
Support levels: $180; $150; $100.
Forecast:
ETH/USD price reduction starting from $200 and target in the $180- $150 zone.
XRP/USD
Overview:
The trend is downward.
Current situation:
We expect a decrease in the price of Ripple to the level of $0.30. We also do not exclude a drop in quotes to levels: $0.20, $0.15.
Cancellation of the scenario with a fall in the Ripla price may be caused by price increases above $0.50.
Resistance levels: $0.44; $0.50; $0.58; $0.70; $0.76.
Support levels: $0.38.
Forecast:
Ripple price reduction from $0.44 and target $0.30.
BCH/USD
Overview:
The trend is bearish.
Current situation:
We expect the Bitcoin Cash price reduction to $400- $350.
Resistance levels: $450; $500; $520; $560; $600; $650; $680; $800.
Support levels: $400; $350.
Forecast: BCH/USD price reduction from $450 and target $350.
LTC/USD
Overview: The trend is bearish.
Current situation: We expect the LTC price to drop to $46.
Resistance levels: $54; $58; $60; $62; $65; $68; $72; $75.
Support levels: $50; $49; $46.
Forecast: Drop in the price of Litecoin from the level of $52 and the target - $46.
Overview: Bitcoin trend remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market.
If the price of BTC/USD is lower than $5700, where the uptrend line is located (the trend was formed since March 2017), then the long-term reduction targets will be in the $4000- $3000 zone.
Current situation:
Bitcoin quotes remain in flat: $6350- $6500. We still expect price reduction to levels: $6100, $5700.
Cancellation of the short scenario may be caused by a rise in the Bitcoin price above $6800.
Resistance levels: $6500; $6800; $6900; $7200; $7400.
Support levels: $6100; $5800; $5400; $4500.
Forecast:
Bitcoin price reduction from $6400 with a target $5700.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
The price of ETH/USD is trading near $200. We still expect a price reduction to $180- $150.
Resistance levels: $200; $220; $240, $280; $300; $325; $350; $380; $400.
Support levels: $180; $150; $100.
Forecast:
ETH/USD price reduction starting from $200 and target in the $180- $150 zone.
XRP/USD
Overview:
The trend is downward.
Current situation:
We expect a decrease in the price of Ripple to the level of $0.30. We also do not exclude a drop in quotes to levels: $0.20, $0.15.
Cancellation of the scenario with a fall in the Ripla price may be caused by price increases above $0.50.
Resistance levels: $0.44; $0.50; $0.58; $0.70; $0.76.
Support levels: $0.38.
Forecast:
Ripple price reduction from $0.44 and target $0.30.
BCH/USD
Overview:
The trend is bearish.
Current situation:
We expect the Bitcoin Cash price reduction to $400- $350.
Resistance levels: $450; $500; $520; $560; $600; $650; $680; $800.
Support levels: $400; $350.
Forecast: BCH/USD price reduction from $450 and target $350.
LTC/USD
Overview: The trend is bearish.
Current situation: We expect the LTC price to drop to $46.
Resistance levels: $54; $58; $60; $62; $65; $68; $72; $75.
Support levels: $50; $49; $46.
Forecast: Drop in the price of Litecoin from the level of $52 and the target - $46.