Cryptomarket Analysis August 10
Main page Finance, Cryptocurrency, Bitcoin, Ethereum, Dash, Litecoin, Cryptocurrency exchanges
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10 August
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What happened in the cryptocurrency world over the past 24 hours.

On Thursday bitcoin and dash maintained the bullish scenario while ethereum kept to the neutral one.

Bitcoin

After minimum mark test, buyers became more active and moved bitcoin (Bitcoin) to the $6,420 – 6,598 range. The attack at its upper border was unsuccessful and the cryptocurrency returned to the high-volume area of Wednesday.

Daily Scenario

Today we can see another test of the $6,538 mark. If it doesn’t happen (or it fails), the probability of a decrease to $6,130 will be very high. So buyers need to fix near the $6,538 level and gather up an attack on $6,625. This will lead to the $6,718 – 6,800 area. The global goal for bulls is the $7,108 mark.

Ethereum

On Thursday ethereum (ETH/USD) tested the neutral ground. First, the cryptocurrency moved in the direction of a local minimum mark, attracted the buyers’ interest and then explored $370.

Daily Scenario

Currently ethereum is traded at the same levels as the day before, so the goals remain the same (but the probability of a neutral scenario is low). Bulls still need to make a successful attack at $381. Bears expect to test the minimum mark ($350) with further decrease to $330.

Dash

Dash (DASH/USD) fulfilled the main condition of the bullish scenario - tested the resistance level - $190. This morning the cryptocurrency has made another attack on this area (perhaps long-awaited buyers became more active).

Daily Scenario

Today we may wait for a continuation of bullish scenario. To do this bulls need to settle above the $190 level and conduct at least one more attack at $195 – 197.

Aside from bitcoin, ethereum and dash, there are several other interesting digital currencies from the 1,700 available that a worth taking a look at. The losers and winners of the past 24 hours are: Bankcoin - 301,01% growth and VeThor Token - 45,24% decrease. Keep an eye on cryptocurrencies, study them and use our quotes page to keep up to date.

Trading in the cryptocurrency market is associated with high risks and is not suitable for every investor. The above analysis should not be considered as a recommendation or a call to action. Each trader should assess the risks for themselves. Both the author and Insider.pro are not liable for the potential losses incurred.

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