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Weekly review of 10 major cryptocurrencies 16.07.18 - 22.07.18
Last week the majority of main cryptocurrencies increased in price exceeding the maximums of the previous week. But by the end of the week major part of the achievements was lost. Except Bitcoin which managed to rise and fix above $ 7’300. Its share in total capitalization increased to 45,5%.
The number of billionaire-coins grew to 20 and their total number (according to coinmarketcap.com) increased to 1’656. The total capitalization of cryptocurrencies rose to $ 288 billion.
Bitcoin increased by 16% from $ 6’350 to $ 7’400 last week, the maximum was $ 7’685.
Upward correction resumed and achieved low-moving average having overcome the fast one. Technically $ 7’700 is the key boundary between medium-term growth and medium-term decrease.
Until $ 8’000 is overcome, long-term technical picture will remain bearish.
Ethereum grew by 2% from $ 450 to $ 458, the maximum was $ 515.
Ethereum at the beginning of the week grew and overcame the maximum of the previous week but after that almost returned to the starting point resuming its decline. The support is $ 400 and $ 360. The resistance is $ 500 and $ 570. The rise above $ 800 will be a signal of long-term growth resume.
Ripple (XRPUSD) rose by 1% from $ 0,445 to $ 0,449 with the maximum of $ 0,537.
Ripple at first grew and overcame the maximum of the previous week but then almost returned to the starting point renewing the decrease. There has been correction-consolidation from April minimum near $ 0,45. Its overcoming will open the way to $ 0,2 - $ 0,25. The further decline is more likely.
BCHUSD increased by 8% from $ 724 to $ 784 with the maximum of $ 890.
The rate had consolidated above the support and this year minimum of $ 600. Attempt of growth which is likely to be limited to $ 1’000 has started. The support is on $ 600 and $ 300. The resistance is $ 1’000 and then $ 1’200. The further decline is more likely.
Litecoin increased by 5,7% from $ 78 to $ 82,5 with the maximum of $ 96.
The key support near $ 100 has been broken. There are now no technical obstacles for decline to $ 55. After correction-consolidation that has started the resume of decline is more likely.
IOTA decreased by further 2% from $ 1,00 to $ 0,98, the maximum was $ 1,18.
IOTA has been consolidating near support key level of $1. The attempts to rise the rate are suppressed quickly by sellers. The further gradual decline to $ 0,33 is more likely.
NEO declined by further 3% from $ 34 to $ 33, the maximum was $ 42.
As we have expected, after return from down to the support of $ 45, broken earlier, the decline has resumed. The further decrease is more likely.
Monero grew by 3,5% from $ 124 to $ 128, the maximum was $ 150.
Last week Monero again rose from down to the support on $ 150 broken earlier. But after that lost most of the achievements. The further decline is more likely.
DASH increased by 8,6% from $ 230 to $ 250, the maximum was $ 291.
The decline reached the strong support near $ 220. And still it has been keeping the market from further decline. The further decrease is more likely.
NEM rose by 5% from $ 0,162 to $ 0,17, the maximum was $ 0,21.
Important support on $ 0,20 has been broken. Now there are no technical obstacles for the decline to $ 0,1 (after start of correction-consolidation). The further decline is more likely.
Wish you profitable deals!
The number of billionaire-coins grew to 20 and their total number (according to coinmarketcap.com) increased to 1’656. The total capitalization of cryptocurrencies rose to $ 288 billion.
Bitcoin increased by 16% from $ 6’350 to $ 7’400 last week, the maximum was $ 7’685.
Upward correction resumed and achieved low-moving average having overcome the fast one. Technically $ 7’700 is the key boundary between medium-term growth and medium-term decrease.
Until $ 8’000 is overcome, long-term technical picture will remain bearish.
Ethereum grew by 2% from $ 450 to $ 458, the maximum was $ 515.
Ethereum at the beginning of the week grew and overcame the maximum of the previous week but after that almost returned to the starting point resuming its decline. The support is $ 400 and $ 360. The resistance is $ 500 and $ 570. The rise above $ 800 will be a signal of long-term growth resume.
Ripple (XRPUSD) rose by 1% from $ 0,445 to $ 0,449 with the maximum of $ 0,537.
Ripple at first grew and overcame the maximum of the previous week but then almost returned to the starting point renewing the decrease. There has been correction-consolidation from April minimum near $ 0,45. Its overcoming will open the way to $ 0,2 - $ 0,25. The further decline is more likely.
BCHUSD increased by 8% from $ 724 to $ 784 with the maximum of $ 890.
The rate had consolidated above the support and this year minimum of $ 600. Attempt of growth which is likely to be limited to $ 1’000 has started. The support is on $ 600 and $ 300. The resistance is $ 1’000 and then $ 1’200. The further decline is more likely.
Litecoin increased by 5,7% from $ 78 to $ 82,5 with the maximum of $ 96.
The key support near $ 100 has been broken. There are now no technical obstacles for decline to $ 55. After correction-consolidation that has started the resume of decline is more likely.
IOTA decreased by further 2% from $ 1,00 to $ 0,98, the maximum was $ 1,18.
IOTA has been consolidating near support key level of $1. The attempts to rise the rate are suppressed quickly by sellers. The further gradual decline to $ 0,33 is more likely.
NEO declined by further 3% from $ 34 to $ 33, the maximum was $ 42.
As we have expected, after return from down to the support of $ 45, broken earlier, the decline has resumed. The further decrease is more likely.
Monero grew by 3,5% from $ 124 to $ 128, the maximum was $ 150.
Last week Monero again rose from down to the support on $ 150 broken earlier. But after that lost most of the achievements. The further decline is more likely.
DASH increased by 8,6% from $ 230 to $ 250, the maximum was $ 291.
The decline reached the strong support near $ 220. And still it has been keeping the market from further decline. The further decrease is more likely.
NEM rose by 5% from $ 0,162 to $ 0,17, the maximum was $ 0,21.
Important support on $ 0,20 has been broken. Now there are no technical obstacles for the decline to $ 0,1 (after start of correction-consolidation). The further decline is more likely.
Wish you profitable deals!
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