Cryptomarket Analysis August 29
Main page Finance, Dash, Litecoin, Bitcoin, Ethereum, Cryptocurrency Exchanges, Cryptocurrency
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Aug. 29, 2018

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

Over the past 24 hours the cryptocurrency market has grown slightly. Bitcoin fulfilled the basic task of the bullish scenario - it fixed near the control price of $7,108. Ethereum tested the $298 mark but faced pressure from sellers. Dash almost completely fulfilled the bullish scenario.

Bitcoin

As it was said, bitcoin (Bitcoin) fixed near the control price ($7,108) of the high-volume area. Now everything is ready for the attack at $7,466.

Daily Scenario

TradingView

Today bullish scenario provides some decrease to $6,920 in order to attract sellers and then to make an attack towards the $7,466 level.

Ethereum

Ethereum (ETH/USD) tested the $298 mark, but it couldn’t fix in there and fell into the $289 - 293 area. Thus the basic task of yesterday's bullish scenario hasn’t yet been fulfilled.

Daily Scenario

TradingView

Today bulls need to master up a successful attack on $298 and test $304.

Dash

Dash (DASH/USD) hasn’t yet managed to hold above the psychological level of $200. Supposedly we should see a developing offencive on the $215 level to create some space for further consolidation. Another, more restrained version, proposes an attack at $205 with a subsequent correction.

Daily Scenario

TradingView

The primary goal for bullish scenario today is $205. The main target is located at the $215 level.

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: HeartBout with 74,84% growth and LIFE with 39,34% 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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