Cryptomarket Analysis August 30
Main page Finance, Bitcoin, Dash, Ethereum, Litecoin, Cryptocurrency Exchanges, Cryptocurrency
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Aug. 30, 2018
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What happened in the cryptocurrency world over the past 24 hours.

On Wednesday the situation in the cryptocurrency market developed according to the neutral scenario.

Bitcoin

Bitcoin (Bitcoin) tested the lower border of the high-volume area ($6,920). In general over the last day the situation hasn’t changed: buyers are active near the $6,920 level and everything is ready for a further attack on $7,466.

Daily Scenario

BTC chart by TradingView

Today we may see the continuation of a neutral scenario that provides a consolidation in the $6,920 - 7,150 area.

Ethereum

Ethereum (ETH/USD) also developed according to the neutral scenario. An attack at the $298 level failed once again and the cryptocurrency returned to the $283 - 292 area. In the morning, ethereum has tested the minimum mark of Wednesday.

Daily Scenario

ETH chart by TradingView

The magnet for ethereum traders is the opened up control price of Monday - $278, so today the cryptocurrency may return to the $269 - 279 area.

Dash

Dash (DASH/USD) is showing signs of a reversal. The nearest support level lies near the $180 level. Bulls need to protect it or it will probably drop further to $140.

Daily Scenario

DASH chart by TradingView

First of all, bears are interested in the $180 level. After its breakthrough, the situation is becoming rather threatening, and only the support at the $172 level defends the cryptocurrency form a collapse to $140.

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: BrokerNekoNetwork with 38,54% growth and APIS with 25,86% 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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