What happened in the cryptocurrency world over the past 24 hours.
On Monday the cryptocurrency market followed a neutral scenario.
Over the past day, bitcoin (Bitcoin) preferred a neutral scenario with a tendency towards growth. The cryptocurrency moved from the border to the center of the high-volume and entered the trading range of September, 6-7. The market is in some balance where players of high orders become inactive. In such conditions the most preferable scenario is further consolidation with a moderate increase to $6,442.
Time lapse: on September 11, 2017 bitcoin price also decreased and fixed at $4,160.
BTC chart by TradingView
Today bulls need to find a lodgement near the control price of $6,442 and conduct an attack at $6,550 - 6,598.
Ethereum (ETH/USD) was holding in the high-volume area of $184 - 209. During Monday, trading was calm (there wasn’t any marked test in both directions). Daily control prices are still decreasing, which indicates some activity of sellers. In addition, the maximum level of high-volume area has decreased from $199 to $196.
Time lapse: on September 11, 2017 ethereum was at $290,94.
ETH chart by TradingView
Today we will follow the bearish scenario, which remains the same. It provides an attack at the minimum mark of Saturday and a decline into the $174 - 176 range.
Dash (DASH/USD) didn’t manage to overcome the $204 mark. The range of $204 - 225 could be a good base for an attack on the local maximum marks.
Time lapse: on September 11, 2017 dash was at $319,88.
DASH chart by TradingView
Today bulls need to enter the area of $204 - 225. It’s global target is the range of $236 - 257.
Aside from bitcoin, ethereum and dash, there are several other interesting digital currencies worth taking a closer look at. The losers and winners of the past 24 hours are: Mass Vehicle Ledger with 87,52% growth and ATC Coin with 34,57% 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.