Technical analysis of the most popular cryptocurrencies

daroxa (21)in #cryptocurrency • 7 years ago

ETH/USD – Ethereum
As a result of the ongoing since mid-January this year. The Ethereum exchange rate has reached the area of very important technical support of USD 400. At the lower time interval, you can even see the first demand reaction that appeared around this level. If this zone were rejected, we could expect a return to growth and perhaps even temporary appreciation and re-testing of around 580 USD.

LSK / USD - Lisk
On the other hand, Lisk's current ratings are much less optimistic, as the market has already defeated technical support in the region of USD 12.5 as a result of the last week's downturns. If this trend continues, in the near future we could expect to test the area of USD 6.75 or even more important support - USD 4.

XRP / USD - Ripple
The current situation on Ripple is also downside, where, according to my previous projection, the market has not only reached but also overcame local support in the area of 0.62 USD. If this tendency is continued in the near future, we could expect a re-test already defeated in mid-December last year. 0.40 USD.

BCH / USD - Bitcoin Cash
The current situation on BCH quotations looks quite un- optimistic as well, where, according to my last projection, the market overcame technical support around 890 USD. If this trend continues, in the near future we could expect testing around 650 USD, although it is worth remembering that this is only local support. As I wrote a week ago, if there is no demand reaction in the near future, which could negate the recent declines, we could expect further depreciation even to around USD 280, which would be a discount of over 93% from December's highs.

NEO / USD - NEO
The current situation on the NEO list also looks declining, where from the time of my last projection the market was defeated and then re-tested it rejected from the bottom (as resistance) the level of USD 80. If further depreciation proceeds, we would expect to even re-test the neighborhood level of USD 43.