Trend Analysis: BTC ETH XRP BCH LTC

3 Ağu 2018

BTC/USD
Overview:
Bitcoin is in a downtrend. 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:
The price of Bitcoin today went below the level of $7450 and stopped its decline at $7280, slightly not reaching our goal. We remain on the side of the BTC/USD sellers and expect the continued decline in Bitcoin prices to levels of $7200 and $6800. At the same time, we do not exclude the correction of the price of BTC/USD up to the zone: $7500 - $7600.

Key levels are used by traders to identify immediate targets, limit losses, fix profit, 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:
Continuation of the price reduction from the level of $7450 and the target in the $7200-$7100 zone.

ETH/USD
Overview:
The global trend remains descending.

Current situation:
Today, Ethereum quotation reached the target at $400. At the moment, the price of ETH/USD is traded in a downward channel, if there will be the exit of quotation down from this channel, then the nearest targets will be marks in the $380- $360 zone. If the Ether's price goes through the resistance line from the bottom to the top at $410, then the growth may extend to the $425- $430 zone. From this zone, we expect the continued decline in the price of ETH/USD to levels: $390, $380 and $360.

Resistance levels: $415; $425; $440; $485; $515; $555; $585.
Support levels: $400; $380, $360.

Forecast:
Continued reduction in the price of Ethereum to $390.

XRP/USD
Overview:
Downtrend. 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.

Current situation:
Ripple quotation broke off its support line at $0.42 and went up to the resistance line at $0.44.
We still expect the price to exit from its consolidation zone, which currently trades in the range of $0.42- $0.44.

Resistance levels: $0.44; $0.47; $0.52; $0.54.
Support levels: $0,42; $0,40$; $0,38.

Forecast:
Reducing the price of Ripple from the level of $0.44 and the target in the $0.40- $0.38 zone.

BCH/USD
Overview:
The trend is bearish. The key level for the downtrend cancelation is resistance at $1000.

Current situation:
The price of BTC/USD has reached the targets at the levels: $720; $700. We expect further price reduction to the resistance line at around $680.

Resistance levels: $720; 750$; $780; $820; $840; $890; $930; $970; $1020.
Support levels: $700; $680; $670; $650.

Forecast:
Continuation of the BCH/USD price reduction to $680.

LTC/USD
Overview:
The trend is bearish.

Current situation:
Litecoin price is trading near the level of $75, the breakout of which will give us a signal to continue reducing the quotation to levels: $72, $70.

Resistance levels: $78; $80; $90; $94; $100.
Support levels: $75; $72; $66.

Forecast:
Litecoin price drop to levels $72, $70.