What happened in cryptocurrency world over the past weekend.
In general, over the past weekend the main cryptocurrencies showed a mixed trend. Bitcoin broke the support level ($7,238) and dropped to $6,920, partially implementing a bearish scenario. Ethereum turned out to be stronger: after the $420 test, the cryptocurrency returned to the lower border of the high-volume area. As a result, lower area level of $403 has disappeared and the control price dropped from $413 to $409. This hints that ethereum can stay in the current range for a while. Dash fixed at a psychologically important “round” level of $200.
Bitcoin
After the fall on Saturday bitcoin (Bitcoin: BITCOIN) has fixed in the $6,920 – 7,238 range but the decline continues and the current position of the cryptocurrency is unstable.
Daily Scenario
A further decline of bitcoin is likely, so there are no signals for billush or neutral scenarios. Bears may attack the $6,920 level. The main goal for this scenario is the $6,665 – 6,721 area.
Ethereum
Ethereum (BITFINEX: ETH/USD.BITFINEX) is consolidating near the control price of $409. Unlike bitcoin, the neutral scenario for ethereum seems the likely for today, as the situation and its goals haven’t changed since Friday. So a consolidation in $400 – 416 range is plausible.
Dash
Dash (EXANTE: DASH.EXANTE) is currently stands at Friday’s morning level. On Saturday the cryptocurrency attempted a decrease, but the $200 level lended support. In general the goals remain the same with a downtrend.
Daily Scenario
The bearish scenario seems to be the most realistic and involves stretching the current range to $195. The nearest serious support is in the $186 – 190 range.
Aside from bitcoin, ethereum and dash, there are several other interesting digital currencies from the 1,700 available in total. The losers and winners of the past 24 hours: VikkyToken - 130,54% growth and Tristar Coin - 50,21% decrease. Keep an eye on cryptocurrencies, study them and use our quotes page to keep up to date.
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