What happened with bitcoin, ethereum and dash rates over the past 24 hours.
Bitcoin
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.
Daily Scenarios
1. Bullish
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.
2. Neutral
Neutral scenario proposes fluctuations in the current area with a possible downward drift.
3. Bearish
Bearish scenario foresees a test of a minimum mark and a subsequent decline to $6,132.
Ethereum
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.
Daily Scenarios
1. Bullish
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.
2. Neutral
Neutral scenario can show a consolidation within the borders of the current area ($426 – 440).
3. Bearish
Bears may test $438 – 440 and wait for a breakthrough to $426 and then a decline to $413.
Dash
During the last 24 hours dash (DASH/USD) has actually remained still.
Daily Scenarios
1. Bullish
Bullish scenario provides a $225 test and an increase to $230.
2. Neutral
Neutral scenario consists of further consolidation in the current area with a possible $225 test.
3. Bearish
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.
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.
By Yana Sher