Weekly review of 10 major cryptocurrencies 24.06.18 - 01.07.18
Last week major cryptocurrencies changed in price a little, achieving new local minimums during the week. Bitcoin achieved its minimum of $ 5’780 and by the close of the week managed to rise above key level of $ 6’000. Its share in total capitalization increased to 42,5%.
The number of billionaire-coins is still 18 and their total number (according to coinmarketcap.com) has increased to 1’597.
The total capitalization of cryptocurrencies grew to $ 256 billion.
Bitcoin increased by 3% from $ 6’150 to $ 6’350 last week, the minimum was $ 5’780.
The market has sagged to key level of $ 6’000 and has been consolidating near it. There has not been close of day and week under $ 6’000 yet. However, it is almost inevitable without active purchases.
Until $ 9’000 is overcome, long-term technical picture remains bearish.
Ethereum decreased by further 0,6% from $ 455 to $ 452, the minimum was $ 405.
Ethtereum made a new minimum in the beginning of the week. However, it ended the week at the initial rate. Medium-term downward trend has continued. The zone of long-term support is from $ 360 and lower. The rise above $ 800 will be a signal of growth resumption.
Ripple (XRPUSD) decreased by further 4% from $ 0,48 to $ 0,46 with the minimum of $ 0,415.
The decline has continued. New local minimum was reached. Testing of April minimum of around $ 0,45 has been going on. Its break will open the way to $ 0,2 - $ 0,25. The further decline is more likely.
BCHUSD decreased by further 1,2% from $ 747 to $ 738, the minimum was $ 646.
The rate slowed down its incremental decline. However, there are no signs of turnaround and going up. The support is on $ 600 and $ 300. The resistance is $ 1’100 and then $ 1’800. The further decline is more likely.
Litecoin fell by further 0,3% from $ 80,5 to $ 80,2, the minimum was $ 72.
The key support near $ 100 is broken. There are no technical obstacles for the decline to $ 55 now.
IOTA grew by 9% from $ 0,98 to $ 1,07 with the minimum of $ 0,89.
IOTA did not manage to overcome the reached first decline target near $ 1 promptly. There was a rebound within very modest correction. The further gradual decrease to $ 0,33 is more likely.
NEO is near $ 31 as it was with the minimum of $ 27.
The support near $ 45 was broken. There are now no technical obstacles for the decline to $ 22. The further decline is more likely.
Monero grew a bit by 7,5% from $ 121 to $ 130, the minimum was $ 114.
The support above $ 150 was broken. And the decline continued. But the new minimum was not reached. Probably the appeared purchases rebalanced market.
This week the consolidation on reached levels is more likely.
DASH declined by further 1% from $ 238 to $ 236, the minimum was $ 210.
The fall reached the support near $ 220.
However, it is more likely to just stopped its decrease for a while. The further decline is more likely.
NEM went up by 10% from $ 0,15 to $ 0,166 with the minimum of $ 0,14.
Important support in $ 0,20 was broken.
There are now no technical obstacles for decline to $ 0,1. The further decline is more likely.
Wish you profitable deals and follow out reviews!
The number of billionaire-coins is still 18 and their total number (according to coinmarketcap.com) has increased to 1’597.
The total capitalization of cryptocurrencies grew to $ 256 billion.
Bitcoin increased by 3% from $ 6’150 to $ 6’350 last week, the minimum was $ 5’780.
The market has sagged to key level of $ 6’000 and has been consolidating near it. There has not been close of day and week under $ 6’000 yet. However, it is almost inevitable without active purchases.
Until $ 9’000 is overcome, long-term technical picture remains bearish.
Ethereum decreased by further 0,6% from $ 455 to $ 452, the minimum was $ 405.
Ethtereum made a new minimum in the beginning of the week. However, it ended the week at the initial rate. Medium-term downward trend has continued. The zone of long-term support is from $ 360 and lower. The rise above $ 800 will be a signal of growth resumption.
Ripple (XRPUSD) decreased by further 4% from $ 0,48 to $ 0,46 with the minimum of $ 0,415.
The decline has continued. New local minimum was reached. Testing of April minimum of around $ 0,45 has been going on. Its break will open the way to $ 0,2 - $ 0,25. The further decline is more likely.
BCHUSD decreased by further 1,2% from $ 747 to $ 738, the minimum was $ 646.
The rate slowed down its incremental decline. However, there are no signs of turnaround and going up. The support is on $ 600 and $ 300. The resistance is $ 1’100 and then $ 1’800. The further decline is more likely.
Litecoin fell by further 0,3% from $ 80,5 to $ 80,2, the minimum was $ 72.
The key support near $ 100 is broken. There are no technical obstacles for the decline to $ 55 now.
IOTA grew by 9% from $ 0,98 to $ 1,07 with the minimum of $ 0,89.
IOTA did not manage to overcome the reached first decline target near $ 1 promptly. There was a rebound within very modest correction. The further gradual decrease to $ 0,33 is more likely.
NEO is near $ 31 as it was with the minimum of $ 27.
The support near $ 45 was broken. There are now no technical obstacles for the decline to $ 22. The further decline is more likely.
Monero grew a bit by 7,5% from $ 121 to $ 130, the minimum was $ 114.
The support above $ 150 was broken. And the decline continued. But the new minimum was not reached. Probably the appeared purchases rebalanced market.
This week the consolidation on reached levels is more likely.
DASH declined by further 1% from $ 238 to $ 236, the minimum was $ 210.
The fall reached the support near $ 220.
However, it is more likely to just stopped its decrease for a while. The further decline is more likely.
NEM went up by 10% from $ 0,15 to $ 0,166 with the minimum of $ 0,14.
Important support in $ 0,20 was broken.
There are now no technical obstacles for decline to $ 0,1. The further decline is more likely.
Wish you profitable deals and follow out reviews!
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.