BitcoinShort
Trend Analysis: BTC ETH XRP BCH LTC
BTC/USD
Current situation:
The price of Bitcoin broke through the level of $6300. We expect a further decline in the BTC/USD quotes. The goals are the same: $6100, $5700.
Cancellation of the scenario may be caused by Bitcoin price increase above $6800.
Resistance levels: $6300; $6400; $6450; $6800; $6900; $7200; $7400.
Support levels: $6100; $5800; $5400; $4500.
Forecast:
Reduction of the price of BTC/USD from $6200 and objectives: $6100, $5700.
ETH/USD
Current situation:
The quotation of the Ethereum is on the support line near the $195 mark.
We remain in the position of sellers. The main support zone is $195-$185. If the sellers manage to break through this zone, then we will expect the ETH/USD price to drop to $150- $110.
Zones of resistance remain the same: $220, $240, $260 and $280.
Resistance levels: $200; $220; $240, $280; $300; $325; $350; $380; $400.
Support levels: $185; $150; $100.
Forecast:
Continued fall in the price of ETH /USD from $200 and the goal in the area of $180- $150.
XRP/USD
Current situation:
If the sellers manage to break through the $0.44- $0.40 zone, then we will expect XRP/USD quotation near $0.30.
Also, we do not exclude the renewal of minimum prices in the $0.20- $0.15 zone.
Resistance levels: $0.50; $0.58; $0.70; $0.76.
Support levels: $0.44; $0.38; $0.30.
Forecast:
Ripple price reduction from $0.50 and target near $0.30 level.
BCH/USD
Current situation:
Bitcoin Cash price has broken through the $500 level and is being traded under it. The next decisive level of support is the $425 level.
If the BCH/USD sellers manage to return the quotation below the 425 level, then we expect the BCH/USD price to be updated annually at $400- $350. Also, do not exclude the fall in prices to $300.
Resistance levels: $500; $560; $600; $620; $650; $680; $800.
Support levels: $425; $400; $350; $300.
Forecast:
Reduction of the price of BCH/USD from $500 and a target near $350.
LTC/USD
Current situation:
Litecoin price is below $50. We predict a fall in the price of LTC/USD to the level of $46, we also do not exclude a decline to the zone of $35 - $30.
Resistance levels: $50; $54; $58; $60; $62; $65; $68; $72; $75.
Support levels: $48; $46; $35, $30.
Forecast:
Litecoin price reduction from $50 and targets: $46, $35, $30.
Current situation:
The price of Bitcoin broke through the level of $6300. We expect a further decline in the BTC/USD quotes. The goals are the same: $6100, $5700.
Cancellation of the scenario may be caused by Bitcoin price increase above $6800.
Resistance levels: $6300; $6400; $6450; $6800; $6900; $7200; $7400.
Support levels: $6100; $5800; $5400; $4500.
Forecast:
Reduction of the price of BTC/USD from $6200 and objectives: $6100, $5700.
ETH/USD
Current situation:
The quotation of the Ethereum is on the support line near the $195 mark.
We remain in the position of sellers. The main support zone is $195-$185. If the sellers manage to break through this zone, then we will expect the ETH/USD price to drop to $150- $110.
Zones of resistance remain the same: $220, $240, $260 and $280.
Resistance levels: $200; $220; $240, $280; $300; $325; $350; $380; $400.
Support levels: $185; $150; $100.
Forecast:
Continued fall in the price of ETH /USD from $200 and the goal in the area of $180- $150.
XRP/USD
Current situation:
If the sellers manage to break through the $0.44- $0.40 zone, then we will expect XRP/USD quotation near $0.30.
Also, we do not exclude the renewal of minimum prices in the $0.20- $0.15 zone.
Resistance levels: $0.50; $0.58; $0.70; $0.76.
Support levels: $0.44; $0.38; $0.30.
Forecast:
Ripple price reduction from $0.50 and target near $0.30 level.
BCH/USD
Current situation:
Bitcoin Cash price has broken through the $500 level and is being traded under it. The next decisive level of support is the $425 level.
If the BCH/USD sellers manage to return the quotation below the 425 level, then we expect the BCH/USD price to be updated annually at $400- $350. Also, do not exclude the fall in prices to $300.
Resistance levels: $500; $560; $600; $620; $650; $680; $800.
Support levels: $425; $400; $350; $300.
Forecast:
Reduction of the price of BCH/USD from $500 and a target near $350.
LTC/USD
Current situation:
Litecoin price is below $50. We predict a fall in the price of LTC/USD to the level of $46, we also do not exclude a decline to the zone of $35 - $30.
Resistance levels: $50; $54; $58; $60; $62; $65; $68; $72; $75.
Support levels: $48; $46; $35, $30.
Forecast:
Litecoin price reduction from $50 and targets: $46, $35, $30.
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