BitcoinShort
Trend Analysis: BTC ETH XRP BCH LTC
BTC/USD
Current situation:
The situation is unchanged. We expect a correction up to the previously broken support line in the area of $5700- $6000. After the end of the correction, we expect a further decline in the BTC/USD quotes to $5000, $4500.
Cancellation of the scenario may be caused by Bitcoin price increase above $6100.
Resistance levels: $6300; $6400; $6450; $6800; $6900; $7200; $7400.
Support levels: $5400; $5000; $4500; $4000.
Forecast:
BTC/USD price reduction to levels: $5000, $4500.
ETH/USD
Current situation: We remain in the position of sellers. The main resistance zone is the range: $185- $195. We expect the price of ETH/USD to fall to levels: $150, $110.
Before a further decline in the price of Ethereum, we expect a correction up to the zone of resistance: $185- $195.
Resistance levels: $185; $200; $220; $240, $280; $300; $325; $350; $380; $400.
Support levels: $150; $100.
Forecast:
Continued fall in the price of ETH/USD to levels: $150, $110.
XRP/USD
Current situation:
Now, the asset is trading above $0.50. We do not find this asset interesting for purchases.
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: $0,47, $0.50, $0,58; $0,70; $0,76.
Support levels: $0.44; $0.38; $0.30.
Forecast:
Reduction of the price of Ripple from the level of $0.51 and the target near the level of $0.30.
BCH/USD
Current situation:
We expect a further decline in the price of Bitcoin Cash in the range of $300- $250. We do not exclude a test of resistance level of $425 before decline.
Resistance levels: $500; $560; $600; $620; $650; $680; $800.
Support levels: $425; $400; $350; $300.
Forecast:
Continued decline in the price of BCH/USD to levels: $350, $300 and $250.
LTC/USD
Current situation:
The current situation is unchanged. The price of Litecoin is near the $40 mark. We expect to continue the fall in the price of LTC/USD to the zone of $35- $30.
The maximum expected correction levels are up: $46, $48.
Resistance Levels: $46; $48; $50; $54; $58
Support levels: $35, $30.
Forecast:
Continued reduction of the price of Litecoin from $46 and in order to reduce in the zone: $35 - $30.
Current situation:
The situation is unchanged. We expect a correction up to the previously broken support line in the area of $5700- $6000. After the end of the correction, we expect a further decline in the BTC/USD quotes to $5000, $4500.
Cancellation of the scenario may be caused by Bitcoin price increase above $6100.
Resistance levels: $6300; $6400; $6450; $6800; $6900; $7200; $7400.
Support levels: $5400; $5000; $4500; $4000.
Forecast:
BTC/USD price reduction to levels: $5000, $4500.
ETH/USD
Current situation: We remain in the position of sellers. The main resistance zone is the range: $185- $195. We expect the price of ETH/USD to fall to levels: $150, $110.
Before a further decline in the price of Ethereum, we expect a correction up to the zone of resistance: $185- $195.
Resistance levels: $185; $200; $220; $240, $280; $300; $325; $350; $380; $400.
Support levels: $150; $100.
Forecast:
Continued fall in the price of ETH/USD to levels: $150, $110.
XRP/USD
Current situation:
Now, the asset is trading above $0.50. We do not find this asset interesting for purchases.
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: $0,47, $0.50, $0,58; $0,70; $0,76.
Support levels: $0.44; $0.38; $0.30.
Forecast:
Reduction of the price of Ripple from the level of $0.51 and the target near the level of $0.30.
BCH/USD
Current situation:
We expect a further decline in the price of Bitcoin Cash in the range of $300- $250. We do not exclude a test of resistance level of $425 before decline.
Resistance levels: $500; $560; $600; $620; $650; $680; $800.
Support levels: $425; $400; $350; $300.
Forecast:
Continued decline in the price of BCH/USD to levels: $350, $300 and $250.
LTC/USD
Current situation:
The current situation is unchanged. The price of Litecoin is near the $40 mark. We expect to continue the fall in the price of LTC/USD to the zone of $35- $30.
The maximum expected correction levels are up: $46, $48.
Resistance Levels: $46; $48; $50; $54; $58
Support levels: $35, $30.
Forecast:
Continued reduction of the price of Litecoin from $46 and in order to reduce in the zone: $35 - $30.
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