All to the bottom: how the fall of Bitcoin has influenced the top altcoins
Source:After yesterday's fall the EOS, Litecoin, Cardano, Monero and Stellar returned to their major support lines. Thus there is a strong likelihood of a new wave plum to continue the bearish trend. A detailed analysis of the charts of five coins located below.
theEOS
Like other altcoins, the EOS is in a protracted downtrend. Despite the recent closing price is above the line of the local downtrend, bitcoin could be summarized as growth. Now, it has dropped almost 5 dollars.
image Source — NewsBTC
Now, we should expect a decrease in the asset until the support zone of 4.3 per dollar. If in the area will happen a steady rebound, so it will be possible to open a long position with a stop loss just below $ 4.
theLitecoin
The Bulls of Litecoin with no luck. Yesterday completely destroyed all hopes of growth, knocking out a huge number of stops from long positions. returned to $ 50.
image Source — NewsBTC
Current level — the lower boundary of the sideways channel, which stretches from 50 to 70 dollars. If cryptocurrency is here to stay is not delayed, you should expect reduce up to 30 dollars.
theStellar
After a period of consolidation the price XLM formed a bullish flag, but this pattern proved to be false — the asset value immediately plummeted. Of course, this turn has scared off buyers and now cryptocurrency is completely dominated by the bears.
image Source — NewsBTC
The Most likely scenario is a gradual decrease to 20 and then to 15 cents. In the worst case, Aldon will fall to 9 cents.
theCardano
A Drop of 10 cents means that ADA returned to her main line of support. Cryptocurrency is still in the global downtrend, so long trades pullbacks the price is very dangerous.
image Source — NewsBTC
If the asset drops below the Cardano will set a new price record this year. To short in this situation is also not very helpful, so it is recommended to refrain from trading Aldona.
theMonero
Monero is one step away from the psychologically important support level of $ 100. Bitcoin managed to stay above the line of the local uptrend.
image Source — NewsBTC
At the moment the main target of the bears remains the area of $ 70. If the coin falls below $ 100, you can safely open short positions.
Analysis of schedules prepared .
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
Related News
VEB and the Grozny mayor's office transferred the housing sector on the blockchain
In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...
Hacker 1337. How to hack Etherscan not to cause any harm
Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...
Economist Roubini: bitcoin is the mother of all scams. Why?
Nouriel Roubini made a new portion of criticism of Bitcoin. This is one of the first economists who predicted the global financial crisis of 2008. According to him, cryptocurrency are the "mother of all scams", and blockchain — sv...
Be brave: 4 reasons why Bitcoin will drop to $ 6000
Yesterday Bitcoin fall to 3-week low can give strength to the bears to lower the cryptocurrency even lower. On Monday, the coin failed to break above the 10-week exponential moving average. The result is a sharp drop to $ 6,100. A...
Acne Buterin predicted a new financial crisis and talked about his coins
When it comes to predicting the future of the traditional economy, investors and traders often listen to the thoughts of famous economists. At this time in the role made by the Creator of Ethereum, Vitalik Buterin. In a series of ...
How many billions were collected ICO projects this year? Response analysts
According to research firm Autonomous, this year ICO has managed to collect more than $ 12 billion, with almost half of this amount EOS campaign and Telegram. Recall that in 2017 through crowdfunding in the crypt managed to attrac...
What happened with Bitfinex? Exchange does not accept foreign currency deposits
One of the largest cryptocurrency exchanges, Bitfinex, October 11, has suspended the acceptance of foreign currency deposits. Users can Fund their wallets all available on the marketplace with Fiat currency — the dollar, Euro, yen...
Digital silver: Charlie Lee created Litecoin
In a recent interview the founder of Litecoin talk about the relationship between his project and . Earlier, Lee also was a hero with Roger Ver, where they discussed the problems of the hostility of the community of the two crypto...
Experts: the cryptocurrency industry is on the verge of complete collapse
In the extended publication on the future of cryptocurrencies, analysts at Juniper Research Ltd. presented a rather gloomy overview of the stock market in the coming months and years. According to them, and the whole industry of d...
Will there be a rebound of Ethereum after the fall? The opinion of the traders
against the backdrop of falling Bitcoin in the Ethereum failed to hold above the major support and also rapidly went downhill. Cryptocurrency may be a little to regain lost ground, but it is unlikely that the price action will go ...
Black Thursday: what will happen after the fall of Bitcoin?
Bitcoin is not able to consolidate above the broken triangle on a 1 day chart and rushed down. However, buyers are still «protect» another key support level. the Overall situation looks like this: the the asset fell bel...
At least five major universities in the world have invested tens of millions of dollars in cryptocurrency using the associated funds. The list is Stanford, Harvard, the Massachusetts universities, Duratski College and the Universi...
A fraud: the Bitcoin whales do not affect the volatility of the coin
When Bitcoin or another cryptocurrency is dropping, there are always those willing to take the blame "whales". We are talking about is cryptocurrency the rich, who poured large quantities of coins in a short period of time and thu...
Bitcoin fell to $ 400 for half an hour. What happened?
this morning Bitcoin lost nearly 5 percent of its value within 30 minutes. At the minimum rate of the first cryptocurrency fell by $ 400 compared to the previous day. the previous week, Bitcoin showed the record low volatility. Th...
Dominance: hackers stole 38 thousand dollars a blockchain-based platform for adults
the Hackers used the vulnerabilities in the smart contracts in the blockchain entertainment applications for adults SpankChain. As a result, they stole the coins and tokens ETH BOOTY. The burglary occurred on October 6, however, t...
Mystic prophecy: as in the eighties predicted the creation of Bitcoin
October 10, 2018 — this day was supposed to be a new world currency. At least, to such conclusion the magazine the Economist even thirty years ago. Can it be considered «performance» this prophecy? the What will happen a...
Analyze graphs: the end of the week for Bitcoins?
Today, Bitcoin has broken several important resistances, which held the cryptocurrency from rising from the beginning of October. And while this event did not lead to a sharp price jump, the cost of an asset gradually goes up. the...
Place your bets: what Aldon will rise this week?
the Trend among altcoins do not change for several months — Monero, EOS, Stellar, Cardano and Litecoin continue to fall steadily. It's possible that soon, cryptocurrency will please investors a good point to enter the market. A de...
Why investors should wait to buy Bitcoin? Forecast analyst Fundstrat
last week, Bitcoin showed record stability — the volatility of the coins fell to the lowest level in 17 months. This time it was a good opportunity to recoup losses for altcoins. Many of them really managed to rise significantly a...
Debate: why Charlie considers Whether Roger Faith a hypocrite?
During his debate with Roger Ver, the founder of Litecoin had the opportunity to touch on the topic «hostility» between Bitcoin and Bitcoin to Cash. After discussion of several issues, including the topic , Lee commented...
Comments (0)
This article has no comment, be the first!