On this weekend, the confrontation between Bitcoin and Bitcoin Cash was undoubtedly the main event in the crypto-currency segment, although the altcoyins also attracted attention. Dash showed the most serious movement up, from the investment point of view, the coin was one of the most bullish, and its powerful breakthrough to new highs was a record.
The price of the currency, focused on confidentiality, quickly rose to $ 400 and reached a record level of about $ 500. Since the long-term picture is not overbought, investors should hold their positions, and traders can enter new positions during a short-term correction. Support levels are about $ 400 and $ 360, target levels are around $ 515, $ 540 and $ 580.
As the aggregate value of BTC and BCH stabilized, the altkoins received a small boost, but their behavior was multidirectional. IOTA and Monero joined Dash and became one of the strongest coins, NEO and ETC showed weaker, Ripple, Ethereum and Litecoin remained neutral. It is expected that trading activity, like volatility, will remain high. In this regard, let's look at the short-term graphs.
Bitcoin
As a result of volatile correction bitcoin fell by 20%, affecting the level of $ 5,500 and getting into the state of short-term overbought. Today, in the morning trading, the most valuable coin jumped back, now it is trading at $ 6700. Nevertheless, the daily chart remains bearish, we expect that there will be one more foot in the direction of correction. The main support levels are at $ 6000, $ 5,800 and $ 5,400, the primary resistance is about $ 7,000.
Ethereum
Ethereum is gaining strength, becoming on the weekend an island of stability and demonstrating a long-term growth trend. As before, the coin faces strong resistance at $ 330, $ 350 and $ 380, the record high is at around $ 400.
Litecoin
Last days Litecoin acted similarly to Ethereum, although in the long run it is stronger than coin number 2. LTC again tested support at $ 56, in the near future it is expected to rally above the key level of $ 64, as the short-term MACD returns to neutral territory. The targets are at $ 75, $ 82.50 and $ 95, further support is about $ 53 and $ 51.
Ripple
Ripple was among the least active coins of this weekend, it seemed to be stuck at about $ 0.20. Although the long-term picture favors the move to $ 0.26 and $ 0.30, the current range is likely to be consolidation. The support levels are below $ 0.20, about $ 0.18, while the key resistance is found in the $ 0.2250 zone.
Ethereum Classic
After the second spike, Ethereum Classic again entered a short-term correction, which placed a coin above the target of $ 18. Now the currency is below the previous target level of $ 16, the long-term picture still indicates the forthcoming $ 23 test. In this case, investors and traders should expect great volatility, so the size of positions should be controlled.
Monero
Along with Dash Monero remains one of the strongest currencies, in the near future it is expected to reach a maximum about $ 150. On the weekend, the coin cleared the target at $ 125, and remains in the bullish long-term and short-term setting. Below $ 125 key support is at $ 100, the breakthrough will bring to new highs around $ 175 and $ 220.
NEO
NEO is still relatively weaker than other large coins, it trades near the critical level of support / resistance at $ 27. Investors can expand their positions, before entering new positions, traders must wait for the bullish movement. The key resistance level is at $ 30, $ 34 and $ 40.
IOTA
IOTA maintained a strong position in an unstable environment, the currency is ready to move to the goal at $ 0.75. Although the long-term picture is not overbought, this is not the best time to enter new investment positions. Traders should buy on the falls, while the support levels are $ 0.56 and from $ 0.45 to $ 0.48.
Any news from Bitcoin GOLD?
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