Last week, cryptocurrencies survived dramatic fluctuations of the exchange rate, after takeoff on the previous week. Bitcoin declined and decreased its share in total capitalization from 55% to 43% It seems that a significant amount of investors' money flowed into the grown BCHUSD and XRPUSD as well as the heavily-watched Ethereum / Most of our recommendations from the previous week’s review for purchase worked and now show profit.
Bitcoin (BTCUSD) went down by 29% from $ 19,000 to $ 13,500 also visiting the $ 11,000 zone. On the weekly chart there was a bearish absorption (the dark candle of last week completely covered the previous light one). On the daily chart (see the figure) The intersection of moving averages at current prices is signaling for sale today. Such technical picture suggests a reversal of the trend from growth to a fall or at least to a flat trend. Much will depend on the new week that has begun. If buyers manage to return a significant part of last week's losses, then it's likely to be a flat trend. If not, then a further decline is more likely.
Recommendation: Close long positions on the upswings. Aggressive traders can start the game from shorts. A good level for sale now is the $ 15,000- $ 16,000 area.
Ethereum (ETHUSD) slightly decreased (by 7%) from $ 710 to $ 660,first reaching a new height of $ 860 and falling throughout the week to $ 490 Closing near the maximum of the previous week, Ethereum confirms the strength of buyers at current price levels. Keep. Buy on roll backs to $ 500
BCHUSD soared by 50% during the week, from $ 1,829 to $ 2,770, even visiting the $ 4100 mark Increasing growth with the achievement of new maximums, contrary to (and perhaps thanks to) the fall of BTCUSD Keep. Buy on rollbacks to the slow moving average on the daily chart (today it’s $ 2000)
Ripple (XRPUSD) increased by 35% during the week: $ 0.71- $ 0.96, reaching a maximum of $ 1.36 Impressive continuation of growth after tripling in price over the previous week. Keep. Buy around the last week's minimums at about $ 0.70.
Litecoin (LTCUSD) fell by 17% during the week: from $ 314 to $ 261, the maximum point being at $ 379 and the minimum at $ 173
Correction-consolidation after doubling the price on the previous week. Keep. Buy on roll backs to $ 200
DASH almost didn’t change during the week (+ 1.5%) from $ 1082 to $ 1,096, reaching a maximum of $ 1596 and a minimum of $ 775
Highly dynamic trading with the transition to consolidation. On the daily chart it looks a bit heavy. Keep. Buy under $ 1000
NEM (XEMUSD) increased by 50% during the week, from $ 0.67 to $ 1, reaching $ 1.08 and $ 0.51at the minimum level
Growth development after a previously received buy signal Keep. Buy on the ~ $ 0.70 level
Monero (XMRUSD) experienced a dramatically volatile week but remained almost unchanged at the end (-4.5%) from $ 345 to $ 329, reaching the maximum of $ 477 and a minimum of $ 151
High volatility level (maximum of the week is three times bigger than the minimum). Most likely, the movements of the rate will decrease and we will see the consolidation range in the near future Range: buy about $ 200 and sell at about $ 400
BTGUSD fell by 13% during the week, from $ 290 to $ 253, reaching a minimum of $ 193 and a maximum of $ 422
Range. Mixed technical picture. The slow moving average on the daily chart is almost horizontal Recommendation: work with the range. Buy about $ 200 and sell at ~ $ 420 area
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ETCUSD for the week fell by 20%, from $ 34 to $ 27, reaching a new maximum of $ 43 and a minimum at $ 15
Dramatically volatile trading: the maximum is three times more than the minimum. The Friday discharge underscores the technical growth perspectives in the near future. It looks like we are entering the range. Buy about $ 20 and sell at about $ 40
NEOUSD decreased by 13% during the week, from $ 67 to $ 58, the maximum being on the $ 85 level and the minimum on $ 41 Consolidation on an Increasing Trend Buy at about $ 50