What happened in the cryptocurrency world over the past 24 hours.
On Monday the situation in the cryptocurrency market developed in accordance with a bearish scenario. Ethereum and dash ‘outperformed’ all the goals of the scenario, bitcoin was slightly stronger and didn’t reach the lower mark of June.
Bitcoin
Bitcoin (Bitcoin) fulfilled the primary goal of the bearish scenario. As it was noted yesterday, the $6,180 level became critical. It was the start point of an attack at local minimum mark. Right now, the cryptocurrency is consolidating in the $5,900 – 6,021 area.
Daily Scenario
According to the current trend today we can expect bearish activity once again - possible test of minimum mark of June ($5,788) with further decline to $5,550.
Ethereum
Out of the blue, ethereum (ETH/USD) overcame the high-volume $274 – 320 area. Currently the cryptocurrency is traded in the $247 – 274 range with a control price of $259.
Daily Scenario
It seems like today ethereum is going to spend time in the $259 – 274 area with a downwards tendency to $238.
Dash
Dash (DASH/USD) has fallen harder than it was supposed to. The $152 – 157 range didn’t bring any support and the drop halted only near the $132 level. It can be seen that this has some support.
Daily Scenario
There are no signs for growth, so dash is still in bearish thrall. Bears need to test the local minimum mark ($132) and the support level near the $118 area.
Aside from bitcoin, ethereum and dash, there are several other interesting digital currencies from the 1,700 available which are worth taking a look at. The losers and winners of the past 24 hours are: Bitcoin File - 63,21% growth and Peercoin - 56,96% decrease. Keep an eye on cryptocurrencies, study them and use our quotes page to keep up to date.
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.