Trading Plan: BTC ETH XRP BCH LTC
BTCUSD
Bitcoin has risen from $3500 to $4000. The upward movement turned out to be very weak, so a continuation of the downward trend is likely, or there will be a flat. We still recommend holding a neutral position in relation to the cryptocurrency market.
Forecast for today:
Neutral position at the rate of Bitcoin with a range: $5345 - $3500.
ETHUSD
The rate of the Ethereum has increased slightly, but it is still too early to turn into purchases. Most likely, the fall in the price of Ether will continue, or it will take a sideways movement.
Forecast for today:
Neutral position at the rate of Ethereum with a range: $165 - $100.
XRPUSD
Ripple pleases better us than other cryptocoin: decreases slowly. In Ripple there is support from customers. At the moment, it's rate is testing the bottom level of $0.40. Yet it is likely that Ripple’s price will fall to $0.30, or $0.28. But, there is a chance of its rate fixing above $ 0.50, then its growth will be soon.
Forecast for today:
Neutral position at the Ripple rate with a range: $0.40 - $0.28.
BCHUSD
Bitcoin Cash looks like the weakest of the cryptocurrencies we analyzed: a prolonged fall, a slight bounce upwards, and a drop to $100 is possible. At the moment, we expect the lateral movement of the Bitcoin Cash rate, therefore, we do not recommend opening deals on it.
Forecast for today:
Neutral position at the rate of Bitcoin Cash with a range: $330 - $150.
LTCUSD
Litecoin rate bounced well up from $ 27. It’s still too early to talk about a global reversal, so we expect it to be flat.
Forecast for today:
Neutral position at the rate of Litecoin with a range: $47 - $27.
Bitcoin has risen from $3500 to $4000. The upward movement turned out to be very weak, so a continuation of the downward trend is likely, or there will be a flat. We still recommend holding a neutral position in relation to the cryptocurrency market.
Forecast for today:
Neutral position at the rate of Bitcoin with a range: $5345 - $3500.
ETHUSD
The rate of the Ethereum has increased slightly, but it is still too early to turn into purchases. Most likely, the fall in the price of Ether will continue, or it will take a sideways movement.
Forecast for today:
Neutral position at the rate of Ethereum with a range: $165 - $100.
XRPUSD
Ripple pleases better us than other cryptocoin: decreases slowly. In Ripple there is support from customers. At the moment, it's rate is testing the bottom level of $0.40. Yet it is likely that Ripple’s price will fall to $0.30, or $0.28. But, there is a chance of its rate fixing above $ 0.50, then its growth will be soon.
Forecast for today:
Neutral position at the Ripple rate with a range: $0.40 - $0.28.
BCHUSD
Bitcoin Cash looks like the weakest of the cryptocurrencies we analyzed: a prolonged fall, a slight bounce upwards, and a drop to $100 is possible. At the moment, we expect the lateral movement of the Bitcoin Cash rate, therefore, we do not recommend opening deals on it.
Forecast for today:
Neutral position at the rate of Bitcoin Cash with a range: $330 - $150.
LTCUSD
Litecoin rate bounced well up from $ 27. It’s still too early to talk about a global reversal, so we expect it to be flat.
Forecast for today:
Neutral position at the rate of Litecoin with a range: $47 - $27.
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