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 Bitcoin's price above the level of $9400.
Current situation: Priorities remain for sale. Expected levels of decline: $6800, $6660. In the price zone $6800- $6660 there is the support line of the uptrend, which is an important level of support for the price of BTC/USD.
Short script:
The quotation of BTC/USD goes below the level of $6660, in which case the decline is likely to continue to levels: $5780 and $5400.
Long-term scenario:
The buyout of Bitcoin's price from zone $6800-6660 and fixing it above the level of $7500. Under this condition, quotation of BTC/USD can update its highs at $8500 and go to the $9000 area.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels: $7300; $7500; $7800; $8000; $8300; $8500; $8650; $8800; $9120; $9400.
Support levels: $6800; $6660; $6276; $6354; $6100; $5940; $5780; $5450.
Forecast:
The probability of BTC price drop to zone 6800-6660 remains high.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
The situation on Ethereum does not change. Sales with a target in the $380- $360 zone remain in priority.
Cancellation of the scenario - an increase in the price of ETH/USD above the level of 430.
Resistance levels: $420; $440; $485; $515; $555; $585.
Support levels: $400; $380, $360.
Forecast:
Priority remains for the sale of Ethereum with target in the zone $390- $380.
XRP/USD
Overview:
Trend is downward. The cancellation of the downward trend of the Ripple quotation will be a breakthrough 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 then panic sales of this asset possible to the level of $0.30.
Current situation:
Yesterday, the price of Ripple exited a triangle down and currently trades below the level of $0.42. We do not exclude the re-test of $0.42 from the bottom-up, and the continuation of the price decrease of XRP/USD in the direction of the trend to the zone of $0.40-$0.38.
Resistance levels: $0,42; $0,44; $0,47; $0,52; $0,54.
Support levels: $0,40; $0,38.
Forecast:
We expect that the price of XRP will continue to decrease to previously announced goals in the $0.40-$0.38 zone. Also, we do not exclude the option of a $0.42 level test.
BCH/USD
Overview:
Trend is bearish.
Current situation:
Bitcoin Cash quotation trades above $700, sales remain in priority. In the medium term, the exit of the price to the level of $600 (April minimum) is possible. In the shorter term, we expect targets in the zone $680-650. The cancellation of the short-term scenario will be confirmed by an increase in the price of BCH/USD above the level of $760.
Resistance levels: $740; $760; $780; $820; $840; $890; $930; $970; $1020.
Support levels: $680; $650; $600.
Forecast:
BCH/USD price drop to the zone of $680-$650.
LTC/USD
Overview:
Trend is bearish.
Current situation:
The quotation is traded near level $75, we stick to the short scenario. The cancellation of the price reduction of LTC/USD will be a breakthrough the bottom-up level of $80.
Resistance levels: $78; $80; $90; $94; $100.
Support levels: $72; $67.
Forecast:
Litecoin price drop to a target of $70.
Overview:
The trend for Bitcoin remains descending. The cancellation of the bearish trend will be confirmed by the breakdown and fixing of Bitcoin's price above the level of $9400.
Current situation: Priorities remain for sale. Expected levels of decline: $6800, $6660. In the price zone $6800- $6660 there is the support line of the uptrend, which is an important level of support for the price of BTC/USD.
Short script:
The quotation of BTC/USD goes below the level of $6660, in which case the decline is likely to continue to levels: $5780 and $5400.
Long-term scenario:
The buyout of Bitcoin's price from zone $6800-6660 and fixing it above the level of $7500. Under this condition, quotation of BTC/USD can update its highs at $8500 and go to the $9000 area.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels: $7300; $7500; $7800; $8000; $8300; $8500; $8650; $8800; $9120; $9400.
Support levels: $6800; $6660; $6276; $6354; $6100; $5940; $5780; $5450.
Forecast:
The probability of BTC price drop to zone 6800-6660 remains high.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
The situation on Ethereum does not change. Sales with a target in the $380- $360 zone remain in priority.
Cancellation of the scenario - an increase in the price of ETH/USD above the level of 430.
Resistance levels: $420; $440; $485; $515; $555; $585.
Support levels: $400; $380, $360.
Forecast:
Priority remains for the sale of Ethereum with target in the zone $390- $380.
XRP/USD
Overview:
Trend is downward. The cancellation of the downward trend of the Ripple quotation will be a breakthrough 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 then panic sales of this asset possible to the level of $0.30.
Current situation:
Yesterday, the price of Ripple exited a triangle down and currently trades below the level of $0.42. We do not exclude the re-test of $0.42 from the bottom-up, and the continuation of the price decrease of XRP/USD in the direction of the trend to the zone of $0.40-$0.38.
Resistance levels: $0,42; $0,44; $0,47; $0,52; $0,54.
Support levels: $0,40; $0,38.
Forecast:
We expect that the price of XRP will continue to decrease to previously announced goals in the $0.40-$0.38 zone. Also, we do not exclude the option of a $0.42 level test.
BCH/USD
Overview:
Trend is bearish.
Current situation:
Bitcoin Cash quotation trades above $700, sales remain in priority. In the medium term, the exit of the price to the level of $600 (April minimum) is possible. In the shorter term, we expect targets in the zone $680-650. The cancellation of the short-term scenario will be confirmed by an increase in the price of BCH/USD above the level of $760.
Resistance levels: $740; $760; $780; $820; $840; $890; $930; $970; $1020.
Support levels: $680; $650; $600.
Forecast:
BCH/USD price drop to the zone of $680-$650.
LTC/USD
Overview:
Trend is bearish.
Current situation:
The quotation is traded near level $75, we stick to the short scenario. The cancellation of the price reduction of LTC/USD will be a breakthrough the bottom-up level of $80.
Resistance levels: $78; $80; $90; $94; $100.
Support levels: $72; $67.
Forecast:
Litecoin price drop to a target of $70.
Feragatname
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