Weekly review of 10 major cryptocurrencies 11.06.18 - 17.06.18
Last week major cryptocurrencies continued to decline achieving new local minimums and ended the week with significant rebound from them.
Bitcoin was reaching the minimum of $ 6’108. Its share in total capitalization rose to 40%.
The number of billionaire-coins decreased to 18 and their total number (according to coinmarketcap.com) fell to 1’629. The total capitalization of cryptocurrencies decreased to $ 276 billion.
Bitcoin fell by 5% from $ 6’760 to $ 6’440 last week, the minimum was $ 6’108.
The consolidation is gradually decreasing to the key level of $ 6’000. Its break will cause acceleration of decline. Its retention will give confidence to bulls and can cause bears’ discouragement with further growth of rates. Until $ 10’000 is overcome, long-term technical picture remains bearish.
Ethereum decreased by 5% from $ 524 to $ 497 last week with the minimum of $ 450.
Ethereum dropped and has been staying under both fast-moving and low-moving averages. Herewith low-moving average has been declining.
Medium-term downward trend has continued. The support on $ 360 is very likely to resist this week. The rise above $ 800 will signal about growth resumption.
Ripple (XRPUSD) decreased by 10% from $ 0,58 to $ 0,52 during last week, the minimum was $ 0,50.
The decline has continued. New local minimum has been reached.
Low-moving average is going down. The further decline is likely.
BCHUSD fell by 10% from $ 934 to $ 845 last week, the minimum was $ 800.
The rate fell off down from fast-moving average and continued to decrease. This is a bearish sign. The support is on $ 900 and $ 600. The resistance is $ 1’300 and $ 1'800 then. Further decline is more likely.
Litecoin decreased by 15% from $ 106 to $ 95 last week, the minimum was $ 88.
The key support near $ 100 has been broken.
If within nearest days there is no coming back above $ 100, there will not be technical obstacles for decline to $ 55.
IOTA fell by further 15% from $ 1,37 to $ 1,17, the minimum was $ 1,12.
The decline has been continuing and the rebounds are insignificant. Further decrease to $ 1 as minimum is more likely.
NEO fell by further 13% from $ 45 to $ 39, the minimum was $ 35.
The support near $ 45 has been broken. There are now no technical obstacles for decline to $ 22. Further decrease is more likely.
Monero fell by further 12% from $ 139 to $ 123, the minimum was $ 102.
The support above $ 150 has been broken and the decline has continued. Further decrease with approximate target of around $ 80 is more likely.
DASH decreased by further 1,5% from $ 269 to $ 265, the minimum was $ 234.
The fall reached the support above $ 220. However, it is very likely to just slow down the decrease. Further decline is more likely.
NEM declined by 10% from $ 0,215 to $ 0,1925, the minimum was $ 0,18.
Important support on $ 0,20 has been broken. If there is no rebound above $ 0,2 within nearest days, there will be no technical obstacles for decline to $ 0,1.
Further decrease is more likely.
Wish you profitable deals and follow our reviews!
Bitcoin was reaching the minimum of $ 6’108. Its share in total capitalization rose to 40%.
The number of billionaire-coins decreased to 18 and their total number (according to coinmarketcap.com) fell to 1’629. The total capitalization of cryptocurrencies decreased to $ 276 billion.
Bitcoin fell by 5% from $ 6’760 to $ 6’440 last week, the minimum was $ 6’108.
The consolidation is gradually decreasing to the key level of $ 6’000. Its break will cause acceleration of decline. Its retention will give confidence to bulls and can cause bears’ discouragement with further growth of rates. Until $ 10’000 is overcome, long-term technical picture remains bearish.
Ethereum decreased by 5% from $ 524 to $ 497 last week with the minimum of $ 450.
Ethereum dropped and has been staying under both fast-moving and low-moving averages. Herewith low-moving average has been declining.
Medium-term downward trend has continued. The support on $ 360 is very likely to resist this week. The rise above $ 800 will signal about growth resumption.
Ripple (XRPUSD) decreased by 10% from $ 0,58 to $ 0,52 during last week, the minimum was $ 0,50.
The decline has continued. New local minimum has been reached.
Low-moving average is going down. The further decline is likely.
BCHUSD fell by 10% from $ 934 to $ 845 last week, the minimum was $ 800.
The rate fell off down from fast-moving average and continued to decrease. This is a bearish sign. The support is on $ 900 and $ 600. The resistance is $ 1’300 and $ 1'800 then. Further decline is more likely.
Litecoin decreased by 15% from $ 106 to $ 95 last week, the minimum was $ 88.
The key support near $ 100 has been broken.
If within nearest days there is no coming back above $ 100, there will not be technical obstacles for decline to $ 55.
IOTA fell by further 15% from $ 1,37 to $ 1,17, the minimum was $ 1,12.
The decline has been continuing and the rebounds are insignificant. Further decrease to $ 1 as minimum is more likely.
NEO fell by further 13% from $ 45 to $ 39, the minimum was $ 35.
The support near $ 45 has been broken. There are now no technical obstacles for decline to $ 22. Further decrease is more likely.
Monero fell by further 12% from $ 139 to $ 123, the minimum was $ 102.
The support above $ 150 has been broken and the decline has continued. Further decrease with approximate target of around $ 80 is more likely.
DASH decreased by further 1,5% from $ 269 to $ 265, the minimum was $ 234.
The fall reached the support above $ 220. However, it is very likely to just slow down the decrease. Further decline is more likely.
NEM declined by 10% from $ 0,215 to $ 0,1925, the minimum was $ 0,18.
Important support on $ 0,20 has been broken. If there is no rebound above $ 0,2 within nearest days, there will be no technical obstacles for decline to $ 0,1.
Further decrease is more likely.
Wish you profitable deals and follow our reviews!
Похожие публикации
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.