Cryptomarket Analysis August 24
Main page Finance, Dash, Litecoin, Bitcoin, Ethereum, Cryptocurrency
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Aug. 24, 2018

What happened in the cryptocurrency world over the past 24 hours.

On Thursday the situation in the cryptocurrency market developed in accordance to the neutral scenario. In general, we can see some balance of supply and demand in the market, players of high temporal order don’t act active.

Bitcoin

Bitcoin (Bitcoin) spent Thursday in the high-volume area. The breakthrough at 10:30 p.m. was bought out pretty quickly, and at 01:00 a.m.the cryptocurrency tested the upper border of the high-volume area.

Daily Scenario

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Today we may expect a bullish scenario. Primary goal for this is the $6,598 - 6,646 area. Further step may be the movement to the control price ($6,718) and an attack at the Wednesday’s maximum mark ($6,900).

Ethereum

Despite some fluctuations on Wednesday, ethereum (ETH/USD) is in equilibrium - the control prices of the past four days are almost at the same level. The cryptocurrency made a good progress in the area, that is close to the low-volume one ($274), and is ready for further movement.

Daily Scenario

TradingView

Market traders like the current area, so the cryptocurrency may stay there in the next three days. At the same time the return to the $277 - 296 range is also possible, but this may be prevented by a downward trend.

Dash

Dash (DASH/USD) is definitely showing a weaker tendency, which started in the third decade of July. There is no signs of it to end. The period of consolidation is usually followed by sharp fall.

Daily Scenario

TradingView

Today bears are interested in testing the minimum mark of the area. Another wave of sales may lead the cryptocurrency into the $128 -129 area.

Aside from bitcoin, ethereum and dash, there are several other interesting digital currencies available from the 1,700 which are worth taking a look at. The losers and winners of the past 24 hours are: Happycoin with 69,87% growth and DigiFinexToken with 48,22% 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.

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