BitcoinShort
Trend Analysis: BTC ETH XRP BCH LTC
BTC/USD
Current situation: BTC/USD quotes went below $4500. The impulse continues, we expect Bitcoin price correction from current values and with the goal in the $5700- $6000 zone. Also, we do not exclude the continuation of the decline in the asset without correction to the levels: $4000, $3000.
Cancellation of the scenario may be caused by Bitcoin price increase above $6100.
Resistance levels: $5000; $5700; $6100; $6400.
Support levels: $4500; $4000; $3000.
Forecast:
Reduction of the price of BTC/USD to the zone of $4000- $3000, after correction up to the zone of $5700- $6000.
ETH/USD
Current situation:
The price of Ethereum has reached the zone of 120-130. We expect a correction in the price of the asset up to the zone of $185- $195. After the completion of the correction, we predict a further decline in the price of ETH/USD to levels: 110, 100. Also, we do not exclude the possibility of continuing to decrease the quotation of Ethereum without upward correction.
Resistance Levels: $150; $185; $195; $220; $240.
Support levels: $100.
Forecast:
Continued fall in the price of ETH/USD to levels: $100, $110.
XRP/USD
Overview: The market situation remains unchanged. 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.
Cancellation of the scenario may be caused by Ripple price growth above $0.50.
Current situation: The situation does not change, the price of XRP/USD is located near an important support area.
Resistance levels: $0.50; $0.58; $0.70; $0.76.
Support levels: $0.44; $0.38; $0.30.
Forecast:
Ripple price reduction to $0.30.
BCH/USD
Current situation:
The price of Bitcoin Cash reached our target and tested the $237 mark. We expect a correction in the BCH/USD price to the $400- $420 zone, where the resistance line of the downward channel is located. After the end of the correction, we expect a further reduction in the price of Bitcoin Cash to the level of $200.
Resistance Levels: $350; $400; $425; $450; $500; $520.
Support levels: $300; $250.
Forecast:
BCH/USD price reduction to $200, after correction up to $400- $420 zone.
LTC/USD
Current situation: The price of Litecoin almost reached our target near level 30. We expect a correction of the asset up to the zone 42-46. After the end of the correction, we expect a continuation of the decline in the price of Litecoin to level 30.
Resistance Levels: $40; $46; $49; $50; $54; $58.
Support levels: $35; $30.
Forecast:
Litecoin price reduction to $30, after correction up to $42- $46 zone.
Current situation: BTC/USD quotes went below $4500. The impulse continues, we expect Bitcoin price correction from current values and with the goal in the $5700- $6000 zone. Also, we do not exclude the continuation of the decline in the asset without correction to the levels: $4000, $3000.
Cancellation of the scenario may be caused by Bitcoin price increase above $6100.
Resistance levels: $5000; $5700; $6100; $6400.
Support levels: $4500; $4000; $3000.
Forecast:
Reduction of the price of BTC/USD to the zone of $4000- $3000, after correction up to the zone of $5700- $6000.
ETH/USD
Current situation:
The price of Ethereum has reached the zone of 120-130. We expect a correction in the price of the asset up to the zone of $185- $195. After the completion of the correction, we predict a further decline in the price of ETH/USD to levels: 110, 100. Also, we do not exclude the possibility of continuing to decrease the quotation of Ethereum without upward correction.
Resistance Levels: $150; $185; $195; $220; $240.
Support levels: $100.
Forecast:
Continued fall in the price of ETH/USD to levels: $100, $110.
XRP/USD
Overview: The market situation remains unchanged. 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.
Cancellation of the scenario may be caused by Ripple price growth above $0.50.
Current situation: The situation does not change, the price of XRP/USD is located near an important support area.
Resistance levels: $0.50; $0.58; $0.70; $0.76.
Support levels: $0.44; $0.38; $0.30.
Forecast:
Ripple price reduction to $0.30.
BCH/USD
Current situation:
The price of Bitcoin Cash reached our target and tested the $237 mark. We expect a correction in the BCH/USD price to the $400- $420 zone, where the resistance line of the downward channel is located. After the end of the correction, we expect a further reduction in the price of Bitcoin Cash to the level of $200.
Resistance Levels: $350; $400; $425; $450; $500; $520.
Support levels: $300; $250.
Forecast:
BCH/USD price reduction to $200, after correction up to $400- $420 zone.
LTC/USD
Current situation: The price of Litecoin almost reached our target near level 30. We expect a correction of the asset up to the zone 42-46. After the end of the correction, we expect a continuation of the decline in the price of Litecoin to level 30.
Resistance Levels: $40; $46; $49; $50; $54; $58.
Support levels: $35; $30.
Forecast:
Litecoin price reduction to $30, after correction up to $42- $46 zone.
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