BitcoinShort
Weekly review of 10 main cryptocurrencies 07.05.18 - 13.05.18
Last week main cryptocurrencies fell substantially from the maximums they had been reaching for 5 weeks. Bitcoin reached its minimum of $ 8’200. Its share in total capitalization rose to 36,9%.
The number of billionaire-coins decreased to 24, and the total share (according to coinmarketcap.com) decreased to 1’610.
The total capitalization of cryptocurrencies fell to $ 394 billion.
Bitcoin declined by 10% from $ 9’650 to $ 8’680, its minimum was $ 8’200.
The local peak of around $ 10’000 is designated. The first target of growth correction: fast moving average around $ 8’300 is reached. If the decline continues under $ 8’000, resumption of medium-term downward trend with the prospect of retesting $ 6’500 could be.
Until overcoming $ 10’000 long-term technical picture remains bearish.
Ethereum decreased by 8% from $ 790 to $ 730 during the last week, the minimum was $ 640.
Ethereum failed to stay above slow moving average and adjusted downwards. However, the decline was slight. And the slow moving average is not yet declining. Further consolidation between $ 600 and $ 800 is most likely during current week.
Ripple (XRPUSD) decreased by 16% from $ 0,87 to $ 0.73 during the last week, the minimum was $ 0,62.
The key resistance zone of $ 0,9 - $1 turned the market. The further decline is more likely.
BCHUSD fell by 16% from $ 1’760 to $ 1’480, the minimum was $ 1’260.
The rate came back to the key resistance zone of $ 1’400 - $ 1’600.
It seems that its previous upward break has been false. The prospect of further growth is now rather tenuous.
Litecoin fell by 17% from $ 173 to $ 144 with its minimum of $ 130.
It is an obvious turn from growth to decline. The further decrease to support of around $ 100 is likely to happen.
IOTA decreased by 13% from $ 2,3 to $ 2, the minimum was $ 1,7.
The key level which was $ 2,2 turned the market.
The further decrease to $ 1 is technically more likely.
NEO fell further by 19% from $ 84 to $ 68, the minimum was $ 59.
The resistance near $ 90 was the place for the resume of sales. While the rate is less than $ 90, the further long-term decline with the first target of $ 45 is more likely.
Monero decreased further by 12% from $ 236 to $ 207, the minimum was $ 190.
Active sales resumed. The further decline is more likely.
DASH decreased further by15% from $ 487 to $ 414, the minimum was $ 373.
The bears are back on market. The further decline is more
The number of billionaire-coins decreased to 24, and the total share (according to coinmarketcap.com) decreased to 1’610.
The total capitalization of cryptocurrencies fell to $ 394 billion.
Bitcoin declined by 10% from $ 9’650 to $ 8’680, its minimum was $ 8’200.
The local peak of around $ 10’000 is designated. The first target of growth correction: fast moving average around $ 8’300 is reached. If the decline continues under $ 8’000, resumption of medium-term downward trend with the prospect of retesting $ 6’500 could be.
Until overcoming $ 10’000 long-term technical picture remains bearish.
Ethereum decreased by 8% from $ 790 to $ 730 during the last week, the minimum was $ 640.
Ethereum failed to stay above slow moving average and adjusted downwards. However, the decline was slight. And the slow moving average is not yet declining. Further consolidation between $ 600 and $ 800 is most likely during current week.
Ripple (XRPUSD) decreased by 16% from $ 0,87 to $ 0.73 during the last week, the minimum was $ 0,62.
The key resistance zone of $ 0,9 - $1 turned the market. The further decline is more likely.
BCHUSD fell by 16% from $ 1’760 to $ 1’480, the minimum was $ 1’260.
The rate came back to the key resistance zone of $ 1’400 - $ 1’600.
It seems that its previous upward break has been false. The prospect of further growth is now rather tenuous.
Litecoin fell by 17% from $ 173 to $ 144 with its minimum of $ 130.
It is an obvious turn from growth to decline. The further decrease to support of around $ 100 is likely to happen.
IOTA decreased by 13% from $ 2,3 to $ 2, the minimum was $ 1,7.
The key level which was $ 2,2 turned the market.
The further decrease to $ 1 is technically more likely.
NEO fell further by 19% from $ 84 to $ 68, the minimum was $ 59.
The resistance near $ 90 was the place for the resume of sales. While the rate is less than $ 90, the further long-term decline with the first target of $ 45 is more likely.
Monero decreased further by 12% from $ 236 to $ 207, the minimum was $ 190.
Active sales resumed. The further decline is more likely.
DASH decreased further by15% from $ 487 to $ 414, the minimum was $ 373.
The bears are back on market. The further decline is more
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