Weekly review of 10 major cryptocurrencies 02.07.18 - 08.07.18
Last week major cryptocurrencies went up a bit from local minimums reached earlier. Bitcoin managed to spend all the week above key level of $ 6’000. Its share in total capitalization increased to 42,8%.
The number of billionaire-coins grew to 19 and their total number (according to coinmarketcap.com) increased to 1’619.
Total capitalization of cryptocurrencies increased to $ 272 billion.
Bitcoin rose by 5,5% last week from $ 6’350 to $ 6’700, the maximum was $ 6’840.
The market is slowly going up from the key level of $ 6’000 with decreasing volumes. This is a correction to the previous decrease from $ 9’990. And it almost reached the resistance on fast-moving average. Stronger resistance and slow-moving average is near $ 8’000.
Until $ 9’000 is overcome, long-term technical picture remains bearish.
Ethereum grew by 7,5% from $ 452 to $ 486 with the maximum of $ 496.
Ethereum went up a bit from the minimum that was reached earlier. However, medium-term trend is still downward. The zone of long-term support is from $ 360 and lower. The resistance is $ 535 and $ 600. The rise above $ 800 will be a signal of growth resumption.
Ripple (XRPUSD) grew by 4% from $ 0,46 to $ 0,48, the maximum was $ 0,52.
Ripple increased a bit from the minimum that was reached earlier. However, medium-term trend is still downward. There is a correction-consolidation from April minimum near $ 0,45. Its break will open the way to $ 0,2 - $ 0,25. The further decline is more likely.
BCHUSD grew by 1,5% from $ 738 to $ 749 with the maximum of $ 831.
The rate has been trying to rebound from the minimum reached earlier. However, there are no signs of turnaround upwards. The support is on $ 600 and $ 300. The resistance is $ 1’100 and $ 1’800. The further decline is more likely.
Litecoin increased by 2,5% from $ 80 to $ 82 during the week, the maximum was $ 90.
The key support near $ 100 was broken. There are now no technical obstacles for decrease to $ 55. After correction started the resumption of decrease is more likely.
IOTA grew by 1% from $ 1,07 to $ 1,08, the maximum was $ 1,26.
IOTA did not manage to overcome the first reached target of decrease near $ 1. There was a rebound within very small correction which ,moreover, had been regained to the starting point by the end of the week. The further gradual decline to $ 0,33 is more likely.
NEO increased by 25% from $ 31 to $ 39, the maximum was $ 44.
The support near $ 45 was broken. And there was a come back to that from below. Now it is technically an ideal moment to open short position.
Monero grew by 6% from $ 130 to $ 138 with the maximum of $ 146.
The support above $ 150 was broken. And there was a return to that below. Now it is technically and ideal moment to open short position.
DASH rose by 3% from $ 236 to $ 243, the maximum was $ 262.
The decrease reached the support near $ 220. And it still keeps the market from further decline. The further decrease is more likely.
NEM increased by further 11% from $ 0,166 to $ 0,185, the maximum was $ 0,21.
The important support on $ 0,20 was broken. There are no more technical obstacles for decline to $ 0,1 (after started correction-consolidation). The further decline is more likely.
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The number of billionaire-coins grew to 19 and their total number (according to coinmarketcap.com) increased to 1’619.
Total capitalization of cryptocurrencies increased to $ 272 billion.
Bitcoin rose by 5,5% last week from $ 6’350 to $ 6’700, the maximum was $ 6’840.
The market is slowly going up from the key level of $ 6’000 with decreasing volumes. This is a correction to the previous decrease from $ 9’990. And it almost reached the resistance on fast-moving average. Stronger resistance and slow-moving average is near $ 8’000.
Until $ 9’000 is overcome, long-term technical picture remains bearish.
Ethereum grew by 7,5% from $ 452 to $ 486 with the maximum of $ 496.
Ethereum went up a bit from the minimum that was reached earlier. However, medium-term trend is still downward. The zone of long-term support is from $ 360 and lower. The resistance is $ 535 and $ 600. The rise above $ 800 will be a signal of growth resumption.
Ripple (XRPUSD) grew by 4% from $ 0,46 to $ 0,48, the maximum was $ 0,52.
Ripple increased a bit from the minimum that was reached earlier. However, medium-term trend is still downward. There is a correction-consolidation from April minimum near $ 0,45. Its break will open the way to $ 0,2 - $ 0,25. The further decline is more likely.
BCHUSD grew by 1,5% from $ 738 to $ 749 with the maximum of $ 831.
The rate has been trying to rebound from the minimum reached earlier. However, there are no signs of turnaround upwards. The support is on $ 600 and $ 300. The resistance is $ 1’100 and $ 1’800. The further decline is more likely.
Litecoin increased by 2,5% from $ 80 to $ 82 during the week, the maximum was $ 90.
The key support near $ 100 was broken. There are now no technical obstacles for decrease to $ 55. After correction started the resumption of decrease is more likely.
IOTA grew by 1% from $ 1,07 to $ 1,08, the maximum was $ 1,26.
IOTA did not manage to overcome the first reached target of decrease near $ 1. There was a rebound within very small correction which ,moreover, had been regained to the starting point by the end of the week. The further gradual decline to $ 0,33 is more likely.
NEO increased by 25% from $ 31 to $ 39, the maximum was $ 44.
The support near $ 45 was broken. And there was a come back to that from below. Now it is technically an ideal moment to open short position.
Monero grew by 6% from $ 130 to $ 138 with the maximum of $ 146.
The support above $ 150 was broken. And there was a return to that below. Now it is technically and ideal moment to open short position.
DASH rose by 3% from $ 236 to $ 243, the maximum was $ 262.
The decrease reached the support near $ 220. And it still keeps the market from further decline. The further decrease is more likely.
NEM increased by further 11% from $ 0,166 to $ 0,185, the maximum was $ 0,21.
The important support on $ 0,20 was broken. There are no more technical obstacles for decline to $ 0,1 (after started correction-consolidation). The further decline is more likely.
Wish you profitable deals and follow our reviews!
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