What happened with bitcoin, ethereum and dash rates over the past 24 hours.
The volume distribution of bitcoin’s (Bitcoin) rate on Tuesday indicates a complete lack of consensus between sellers and buyers. The market now analyses levels through demand searches.
Task of buyers for today is to defend current levels and make a successful attack on the $6,410 mark. Over the past 24 hours the mark has several times acted as a barrier to growth. Lack of convinced sellers at this level will open the way for $6,503.
Neutral scenario proposes fluctuations in the current area with a possible downward drift.
Bearish scenario foresees a test of a minimum mark and a subsequent decline to $6,132.
Ethereum (ETH/USD) has tested the $426 mark three times and seems to come across the interests of buyers’. In fact, we see the shaping of future long-term upward trend, which started in 2017. It’s highly desirable for bulls to keep ethereum above $390 – 400. It will act as a kind of barrier between further growth and large-scale drop to $300 or even below.
Ethereum’s minimum mark has already been tested. Within the bullish scenario we can expect a test of $440 and in case of success, a movement to $450 could happen.
Neutral scenario can show a consolidation within the borders of the current area ($426 – 440).
Bears may test $438 – 440 and wait for a breakthrough to $426 and then a decline to $413.
During the last 24 hours dash (DASH/USD) has actually remained still.
Bullish scenario provides a $225 test and an increase to $230.
Neutral scenario consists of further consolidation in the current area with a possible $225 test.
Bearish scenario hasn’t changed - a breakthrough of the support and a decline. The nearest area, which can stop the fall, lays between $190 and $200.
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By Yana Sher