What happened with bitcoin, ethereum and dash rates over the past 24 hours.
On Monday, the situation on the market was rather bullish. Bitcoin (Bitcoin) tested the upper boundary of the high-volume region. The resulting sales were slightly stronger than it was first suggested (the sellers were striving to protect a local maximum mark). Further attack on $6,340 was unconvincing - bitcoin was unable to fix above $6,220 and began to drift towards the high-volume area.
At the Asian session the buyers were more active and returned the price of bitcoin above the $6,220 level.
We suppose that bitcoin will test the $6,340 level, but it worth waiting for a rollback to the $6,250 level, and an attack on $6,433 and $6,451 (the growth is possible up to $6,511).
The current situation is unstable: bitcoin rate may go up as high as $6,450 or return to $6,133.
Bears can expect a test of $6,340 level, a return to $6,250 level and a further decline into the high-volume area ($6,130 – 6,220).
Currently, ethereum (ETH/USD) lies is in the high-volume area ($446 – 482) and will remain there apparently, for some time. In such conditions, it's possible to trade from the boundaries to the center against the tests of local maximum and minimum marks ($483 and $432).
We can see a test of $468, a rollback to $463 with a subsequent attack on $480.
Ethereum will probably consolidate within the current area of $453 - 468.
We hope to see a growth to $463, a rollback to $453 and a further decline to $444.
Yesterday the situation was neutral. Dash (DASH/USD) tested the boundaries of its current channel ($235 – 245) and it's possible we will see the same dynamics today.
We can predict a rollback and a test of $261.
Dash is still drifting in the $235 – 245 area.
Bears may meet a consolidation in the $240 – 244 area with a subsequent attack at the minimum mark ($230).
The trade 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.
By Yana Sher