BitcoinShort
Weekly review of 10 major cryptocurrencies 26.03.18 - 01.04.18
As a result of last week, the main cryptocurrencies fell significantly. Bitcoin dropped to $ 7000 and below. BTC’s share in total capitalization increased to 45.7%.
The number of billionaire-coins decreased to 19, and their total number (according to coinmarketcap.com) increased to 1596.
The total capitalization of the Cryptocurrency market decreased to $ 261 billion.
Bitcoin for the week fell by 19% from $ 8,445 to $ 6,816, minimum being at $ 6,425.
The loss of support at $ 8000 ruined the hopes of the bulls to develop a new wave of growth, which began in February from $ 6000.
Theoretically and technically it is still possible to talk about this growth wave until the quotes have gone below $ 6000. However, every day near $ 6000, the’re less probability of this.
While Bitcoin is cheaper than $ 9,000, further decline is more likely.
Ethereum for the week fell by 27% from $ 520 to $ 380, minimum being at $ 360
At the end of the week, "Crossing moving averages" weekly chart gives a long-term signal to sell (the signal to buy was 13 months ago at $ 14.5)
From $ 400 begins the area of medium-term support, so that the decline is likely to at least slow down.
However, as long as the rate is less than $ 700, further downgrade is more likely.
Ripple (XRPUSD) fell by 25% for the week, from $ 0.64 to $ 0.48, minimum being at $0.45
The fall continues. And the strong support level is still quite far ...
While the price is less than $ 0.90, further downgrade is more likely.
BCHUSD for the week fell by 34% from $ 970 to $ 640, minimum being at $ 620
The collapse came to the area of medium-term support. It could be enough to support the market. However, the actual level of support, which previously turned the market up, is only $ 300 ...
While the price is less than $ 1200, further downgrade is more likely.
Litecoin fell by 28% from $ 160 to $ 115, minimum being at $ 105
The fall continued, and the closest strong support level is at another -50% ...
Further decline is more likely.
NEO fell by 28% from $ 65 to $ 47, at least $ 44
The decline stopped in front of the medium-term support area. Let's see if it would be able to stop this collapse ...
While the rate is below $ 85, further decline is more likely.
IOTA fell by 25% from $ 1.32 to $ 0.99 at least $ 0.94
Support at $ 1.1 wasn't strong enough to hold, now it became resistance.
The next support level is at about $ 0.67.
Further downgrade is more likely.
Monero fell 17% from $ 210 to $ 175 at least $ 161.
Last week MAcross gave a mid-term signal for sale for the first time in the history of Monero’s existence.
While the rate remains below $ 250, further decline is more likely.
DASH fell by 29% from $ 410 to $ 292, Minimum being at $ 270
Support at $ 380 couldn’t stand strong and became the resistance. Now the support level is at $ 250. And the next one is only at $ 125.
Further decline is more likely.
NEM fell by 28% from $ 29 to $ 21, minimum being at $ 19.5
The rate fell into the area of medium-term support, which may slow the decline.
Support is at $ 0.2 and $ 0.1
Further downgrade is more likely.
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The number of billionaire-coins decreased to 19, and their total number (according to coinmarketcap.com) increased to 1596.
The total capitalization of the Cryptocurrency market decreased to $ 261 billion.
Bitcoin for the week fell by 19% from $ 8,445 to $ 6,816, minimum being at $ 6,425.
The loss of support at $ 8000 ruined the hopes of the bulls to develop a new wave of growth, which began in February from $ 6000.
Theoretically and technically it is still possible to talk about this growth wave until the quotes have gone below $ 6000. However, every day near $ 6000, the’re less probability of this.
While Bitcoin is cheaper than $ 9,000, further decline is more likely.
Ethereum for the week fell by 27% from $ 520 to $ 380, minimum being at $ 360
At the end of the week, "Crossing moving averages" weekly chart gives a long-term signal to sell (the signal to buy was 13 months ago at $ 14.5)
From $ 400 begins the area of medium-term support, so that the decline is likely to at least slow down.
However, as long as the rate is less than $ 700, further downgrade is more likely.
Ripple (XRPUSD) fell by 25% for the week, from $ 0.64 to $ 0.48, minimum being at $0.45
The fall continues. And the strong support level is still quite far ...
While the price is less than $ 0.90, further downgrade is more likely.
BCHUSD for the week fell by 34% from $ 970 to $ 640, minimum being at $ 620
The collapse came to the area of medium-term support. It could be enough to support the market. However, the actual level of support, which previously turned the market up, is only $ 300 ...
While the price is less than $ 1200, further downgrade is more likely.
Litecoin fell by 28% from $ 160 to $ 115, minimum being at $ 105
The fall continued, and the closest strong support level is at another -50% ...
Further decline is more likely.
NEO fell by 28% from $ 65 to $ 47, at least $ 44
The decline stopped in front of the medium-term support area. Let's see if it would be able to stop this collapse ...
While the rate is below $ 85, further decline is more likely.
IOTA fell by 25% from $ 1.32 to $ 0.99 at least $ 0.94
Support at $ 1.1 wasn't strong enough to hold, now it became resistance.
The next support level is at about $ 0.67.
Further downgrade is more likely.
Monero fell 17% from $ 210 to $ 175 at least $ 161.
Last week MAcross gave a mid-term signal for sale for the first time in the history of Monero’s existence.
While the rate remains below $ 250, further decline is more likely.
DASH fell by 29% from $ 410 to $ 292, Minimum being at $ 270
Support at $ 380 couldn’t stand strong and became the resistance. Now the support level is at $ 250. And the next one is only at $ 125.
Further decline is more likely.
NEM fell by 28% from $ 29 to $ 21, minimum being at $ 19.5
The rate fell into the area of medium-term support, which may slow the decline.
Support is at $ 0.2 and $ 0.1
Further downgrade is more likely.
Profitable deals and follow our reviews!
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