Price
The almost lateral movement brought the price to the Bearish Trend Line zone, breakthrough of this zone would mean a breakthrough from the long-established downward tendency. Meeting with this zone send the price down to the 7400.0 support level. 7200- 7400 zone should still play a supportive role, but to return to the uptrend bias BTC will need to show high momentum and volumes. Otherwise, breakthrough of such resistive zone seems impossible, and each time when the price will get close to the Bearish Trend Lines - it will go down.
Today forecast
Trading in the 7200.0 – 7600.0 zone.
Latest news
The almost lateral movement brought the price to the Bearish Trend Line zone, breakthrough of this zone would mean a breakthrough from the long-established downward tendency. Meeting with this zone send the price down to the 7400.0 support level. 7200- 7400 zone should still play a supportive role, but to return to the uptrend bias BTC will need to show high momentum and volumes. Otherwise, breakthrough of such resistive zone seems impossible, and each time when the price will get close to the Bearish Trend Lines - it will go down.
Today forecast
Trading in the 7200.0 – 7600.0 zone.
Latest news
- Weiss Ratings Publishes Complete List of 93 Cryptocurrency Ratings
US independent rating agency, Weiss Ratings, has published its complete list of 93 cryptocurrency ratings. The company has upgraded its BTC rating to B-. The list shows 14 coins with B ratings including ETH, IOTA, NEO, XRP, STEEM, TRX, and XLM. Fifty-four of the rated cryptocurrencies carry C ratings.
Weiss Ratings, which began in 1971, is the US-based leading independent rating agency of financial institutions. Today, Weiss Ratings assigns letter grades to about 55,000 institutions and investments, including nearly all of the insurance companies, banks, credit unions, stocks, ETFs and mutual funds.
“Investors should interpret the Weiss Cryptocurrency grade scale with these terms,” the company explained. “A = excellent; B = good; C = fair; D = weak; E = very weak.” In addition, Weiss Ratings wrote, “A plus or minus sign indicates the upper third or lower third of a grade range, respectively. In addition, an F grade is assigned to cryptocurrencies that have failed or are subject to credible allegations of fraud.” The company’s list of 93 crypto ratings does not contain any coin with an F rating.
Weiss Ratings elaborates:
“Cryptocurrencies do not have to achieve an A grade to merit interest by investors. A ‘B’ or even ‘B-‘ also qualify as the investment rating equivalent to ‘buy.’ At the same time, investors should not be overly alarmed by a ‘C’ rating. It is a passing grade; and for investors, implies the equivalent of ‘hold.’”
Compiled on Friday, the list shows an overall rating of B- for BTC and C- for BCH.
No cryptocurrency on the list has received an A or a B+ rating. Overall, fourteen coins were rated B or B-. ADA, DCR, EOS were rated B, whereas BTC, ETH, BTS, IOTA, ONT, NEO, XRP, STEEM, TRX, XLM, and ZIL were rated B-.
54 cryptocurrencies were rated either C, C+ or C-. They include BCH, DASH, DOGE, ETC, LSK, LTC, XMR, XEM, QTUM, SC, STRAT, UBQ, VEN, WAVES, and ZEC.
