On Monday the cryptocurrency market situation developed according to a bearish scenario. Bitcoin fulfilled all the goals and ethereum was slightly stronger. Dash is more confident than the other two cryptocurrencies.
Bitcoin (Bitcoin) tested the lower border of the high-volume area that provided the expected support. Today the cryptocurrency can try returning to the control price of $6,442. It’s more probable that until U.S. SEC decides on VanEck / SolidX ETFs in late September, bitcoin will remain within the current range.
Time lapse: on September 18, 2017 bitcoin price was rising and fixed at $3,805.
BTC chart by TradingView
Today we may see fluctuations in the $6,207 - 6,309 range (it coincides with the consolidation area of September, 12).
Ethereum (ETH/USD) was delayed at the control price of $196 - bears haven’t yet managed to push the cryptocurrency to the lower border of the area ($186). Some resistance may show a level of lower-volume area ($200) which formed quite recently.
Time lapse: on September 18, 2017 ethereum jumped and stopped at $277,99.
ETH chart by TradingView
Today buyers can return the cryptocurrency into the $209 - 238 area and test its control price ($224). The first obstacle on this way is the $209 - 212 interval.
Dash (DASH/USD) chart demonstrates a price spiral. It’s difficult to say which direction the cryptocurrency will choose, however, the global downtrend hints at a high probability of puncturing the lower border. It should be noted that rapid growth of the end of August is comparable to the July’s and apparently, is a normal correction within the downtrend.
Time lapse: on September 18, 2017 dash was rapidly pumped and fixed at $322,64.
DASH chart by TradingView
Today the scenario proposes further consolidation in the current range ($183 - 196).
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: Mindexcoin with 526,93% growth and ATBCoin with 43,44% 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.