Weekly review of 10 major cryptocurrencies 23.07.18 - 29.07.18
Last week the majority of main cryptocurrencies changed in price a little. Except Bitcoin which continued to rise and to fix above $ 8’000 already. Its share in total capitalization grew to 46,8%. The number of billionaire-coins decreased to 19 and their total number (according to coinmarketcap.com) increased to 1’690. The total capitalization of cryptocurrencies rose to $ 290 billion.
Bitcoin increased by further 11% from $ 7’400 to $ 8’220 last week, the maximum was $ 8’500.
The growth continued and exceeded $ 8’000. Technically $ 7’700 is the key border between medium-term growth anf medium-term decline. Thus we can speak of the resume of medium-term growth. The signal to buy from MAcross on weekly chart is needed for the signal of long-term growth. And it will come if Bitcoin stays on $ 8’000 and upper during 2-3 weeks.
Ethereum rose by 2% from $ 458 to $ 466 with the maximum of $ 485.
At the beginning of the week Ethereum increased but it could not overcome the maximum of the previous week and then almost came back to the starting point having resumed decline. Support is $ 400 and $ 360. Resistance is $ 500 and $ 570. The growth higher than $ 800 will be a signal of long-term growth resumption.
Ripple (XRPUSD) grew by 1% from $0.449 to $0.454 for the week, the maximum was $0.492.
In the beginning Ripple increased, however could not overcome the maximum of the previous week and then almost returned to the starting point having resumed decrease. There has been correction-consolidation from April minimum near $ 0,45. Its overcome will open the way to $0.2-$0.25. The further decline is more likely.
BCHUSD for the week increased by further 6% from $784 to $831 with the maximum of $879.
The rate consolidated above the support and the minimum of this year – $ 600. The attempt of growth has started, and it is likely to be limited by $ 1000. Support is on $ 600 and $ 300. Resistance is $ 1’000 and then $ 1’200. Further decline after the end of upward correction is more likely.
Litecoin grew by further 1,8% from $ 82,5 to $ 84 with the maximum of $ 94.
Litecoin has been fixing under key support near $ 100. There are now no technical obstacles for decline to $ 55. After correction-consolidation started the resumption of decline is more likely.
IOTA grew by 3% from $ 0,98 to $ 1,01 with the maximum of $ 1,06.
IOTA has been consolidating near key support level of $ 1. The attempts to increase the rate are quikly suppressed by sellers. Further gradual decline to $ 0,33 is more likely.
NEO increased by 1% from $ 33 to $ 33,3, the maximum was $ 37.
Consolidation is near this year minimums. Further decline is more likely.
Monero rose by further 6% from $128 to $ 136, the maximum was $ 150.
Monero rose again from below to the support on $ 150 which was broken earlier. Further decline is more likely.
DASH declined by 4% from $ 250 to $ 240 with the minimum of $ 228.
The decline reached strong support neat $ 220. And it still has been keeping the market from further decline. But we also do not see significant growth. Further decrease is more likely.
NEM rose by further 3,5% from $ 0,17 to $ 0, 176, the maximum was $ 0,204.
Important support in $ 0,20 has been broken. There are now no technical obstacles for decline to $ 0,1 (after correction-consolidation which has started). Further decline is more likely.
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Bitcoin increased by further 11% from $ 7’400 to $ 8’220 last week, the maximum was $ 8’500.
Ethereum rose by 2% from $ 458 to $ 466 with the maximum of $ 485.
At the beginning of the week Ethereum increased but it could not overcome the maximum of the previous week and then almost came back to the starting point having resumed decline. Support is $ 400 and $ 360. Resistance is $ 500 and $ 570. The growth higher than $ 800 will be a signal of long-term growth resumption.
Ripple (XRPUSD) grew by 1% from $0.449 to $0.454 for the week, the maximum was $0.492.
In the beginning Ripple increased, however could not overcome the maximum of the previous week and then almost returned to the starting point having resumed decrease. There has been correction-consolidation from April minimum near $ 0,45. Its overcome will open the way to $0.2-$0.25. The further decline is more likely.
BCHUSD for the week increased by further 6% from $784 to $831 with the maximum of $879.
The rate consolidated above the support and the minimum of this year – $ 600. The attempt of growth has started, and it is likely to be limited by $ 1000. Support is on $ 600 and $ 300. Resistance is $ 1’000 and then $ 1’200. Further decline after the end of upward correction is more likely.
Litecoin grew by further 1,8% from $ 82,5 to $ 84 with the maximum of $ 94.
Litecoin has been fixing under key support near $ 100. There are now no technical obstacles for decline to $ 55. After correction-consolidation started the resumption of decline is more likely.
IOTA grew by 3% from $ 0,98 to $ 1,01 with the maximum of $ 1,06.
IOTA has been consolidating near key support level of $ 1. The attempts to increase the rate are quikly suppressed by sellers. Further gradual decline to $ 0,33 is more likely.
NEO increased by 1% from $ 33 to $ 33,3, the maximum was $ 37.
Consolidation is near this year minimums. Further decline is more likely.
Monero rose by further 6% from $128 to $ 136, the maximum was $ 150.
Monero rose again from below to the support on $ 150 which was broken earlier. Further decline is more likely.
DASH declined by 4% from $ 250 to $ 240 with the minimum of $ 228.
The decline reached strong support neat $ 220. And it still has been keeping the market from further decline. But we also do not see significant growth. Further decrease is more likely.
NEM rose by further 3,5% from $ 0,17 to $ 0, 176, the maximum was $ 0,204.
Important support in $ 0,20 has been broken. There are now no technical obstacles for decline to $ 0,1 (after correction-consolidation which has started). Further decline is more likely.
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