Bitcoin
Bitcoin (Bitcoin) returned to the levels of Wednesday/Thursday preceding the news that SEC rejected Winklevoss brothers bit to list bitcoin ETF’s. In general, the market shows a balance of supply and demand.
Daily Scenarios
1. Bullish
An attack at the local maximum mark remains the main task for bulls. Primary target in this scenario is $8,316 and then a test of $8,471 is more likely.
2. Neutral
Neutral scenario may show further consolidation in the $8,039 – 8,316 area.
3. Bearish
On Friday the $7,822 – 7,870 area appeared as a support. Within the bearish scenario we can probably see a test of this area and further decline to $7,704.
Ethereum
Ethereum (ETH/USD) remains in the high-volume area and fluctuates near its control price. The lower border of the channel provides acts as a support for the cryptocurrency.
Daily Scenarios
1. Bullish
The primary target for bulls is the upper border of the high-volume area ($483). Next, it will be interesting to observe the sellers’ reaction to $500. The strategic target is $516.
2. Neutral
Neutral scenario foresees fluctuations in the $460 – 472 area with a possible test of lower border of the channel.
3. Bearish
Bears are probably interested in testing the lower border of the rising channel (tonight it provided another support to ethereum). Another possible step is a movement to $454 mark and a decrease to the lower border of the high-volume $442 area.
Dash
Dash (DASH/USD) continues to drift within the $235 – 257 range with some signs of weakening.
Daily Scenarios
1. Bullish
The task for buyers hasn’t changed: an attack at $256 – 260. The primary goal is $252.
2. Neutral
Neutral scenario foresees a consolidation in the $235 – 245 area.
3. Bearish
Bears can wait for a $226 test and a further decline to $220.
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.