Weekly review of 10 major cryptocurrencies 02.04.18 - 08.04.18
Last week, the main cryptocurrencies recovered some of the losses of the previous week. Bitcoin fluctuated around $ 7000. Its share in total capitalization decreased to 44.6%.
The number of billionaire-coins remains at about 20, and their total number (according to coinmarketcap.com) has decreased to 1560.
The total capitalization of the cryptocurrency market increased to $ 271 billion.
Bitcoin for the week grew by 3% from $ 6,820 to $ 7,020, maximum being at $ 7,500.
The rebound from the minimums of the week before the last was weak, and on decreasing volumes. At the same time, support over $ 6000 may restrain the fall for some time.
While Bitcoin is cheaper than $ 9,000, further decline is more likely.
Ethereum for the week grew by 5% from $ 380 to $ 400, maximum being at $ 418
Consolidation near the minimums of the week before the last speaks in favor of the bears.
At the same time, from $ 400 the area of medium-term support begins, so 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) for the week grew by 4% from $ 0.48 to $ 0.50 maximum being at $ 0.56
Consolidation near the minimums of the week before the last one.
While the price is less than $ 0.90, further downgrade is more likely.
BCHUSD for the week grew by 2% from $ 640 to $ 653, maximum being at $ 722
Consolidation in a narrow range after falling into the area of medium-term support.
While the price is less than $ 1200, further downgrade is more likely.
Litecoin grew by 3% from $ 115 to $ 118, maximum being at $ 137
Consolidation near the minimums of the previous week.
Further decline is more likely.
NEO grew by 4% from $ 47 to $ 49, maximum being at $ 54
The decline stopped in front of the medium-term support area. It looks like the upward correction starts here. Meanwhile, the trend indicator MAcross gives a signal to sell. (the buy signal was over a year ago at $ 0.2)
While the rate is below $ 85, further decline is more likely.
IOTA grew by 3.5% from $ 0.99 to $ 1.025 maximum being at $ 1.12
Support at $ 1.1 could not resist. Now it became resistance.
The market consolidates at a significant level.
Further downgrade is more likely.
Monero remained at $ 175 maximum being at $ 191.
Consolidation near the 2018 minimums
While the rate remains below $ 250, further decline is more likely.
DASH grew by 7% from $ 292 to $ 312, maximum being at $ 345
Consolidation in the range of $ 250- $ 380.
Further decline is more likely.
NEM bounced by + 12% from $ 21 to $ 23.5, maximum being at $ 27
Consolidation in the range of $ 0.15- $ 0.3.
Further downgrade is more likely.
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The number of billionaire-coins remains at about 20, and their total number (according to coinmarketcap.com) has decreased to 1560.
The total capitalization of the cryptocurrency market increased to $ 271 billion.
Bitcoin for the week grew by 3% from $ 6,820 to $ 7,020, maximum being at $ 7,500.
The rebound from the minimums of the week before the last was weak, and on decreasing volumes. At the same time, support over $ 6000 may restrain the fall for some time.
While Bitcoin is cheaper than $ 9,000, further decline is more likely.
Ethereum for the week grew by 5% from $ 380 to $ 400, maximum being at $ 418
Consolidation near the minimums of the week before the last speaks in favor of the bears.
At the same time, from $ 400 the area of medium-term support begins, so 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) for the week grew by 4% from $ 0.48 to $ 0.50 maximum being at $ 0.56
Consolidation near the minimums of the week before the last one.
While the price is less than $ 0.90, further downgrade is more likely.
BCHUSD for the week grew by 2% from $ 640 to $ 653, maximum being at $ 722
Consolidation in a narrow range after falling into the area of medium-term support.
While the price is less than $ 1200, further downgrade is more likely.
Litecoin grew by 3% from $ 115 to $ 118, maximum being at $ 137
Consolidation near the minimums of the previous week.
Further decline is more likely.
NEO grew by 4% from $ 47 to $ 49, maximum being at $ 54
The decline stopped in front of the medium-term support area. It looks like the upward correction starts here. Meanwhile, the trend indicator MAcross gives a signal to sell. (the buy signal was over a year ago at $ 0.2)
While the rate is below $ 85, further decline is more likely.
IOTA grew by 3.5% from $ 0.99 to $ 1.025 maximum being at $ 1.12
Support at $ 1.1 could not resist. Now it became resistance.
The market consolidates at a significant level.
Further downgrade is more likely.
Monero remained at $ 175 maximum being at $ 191.
Consolidation near the 2018 minimums
While the rate remains below $ 250, further decline is more likely.
DASH grew by 7% from $ 292 to $ 312, maximum being at $ 345
Consolidation in the range of $ 250- $ 380.
Further decline is more likely.
NEM bounced by + 12% from $ 21 to $ 23.5, maximum being at $ 27
Consolidation in the range of $ 0.15- $ 0.3.
Further downgrade is more likely.
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