What happened in the cryptocurrency world over the past 24 hours.
On Wednesday the situation in the cryptocurrency was neutral.
Bitcoin
Bitcoin (Bitcoin) was slightly stronger than it was predicted and tried to fix above the control price of the current area. Today the most likely scenario is a test of Tuesday's minimum tmark ($6,328) under the neutral scenario.
Time-lapse: on September 27, 2017, bitcoin stopped growing at $3,947.
Daily Scenario
BTC chart by TradingView
Bulls failed to get beyond the borders of the high-volume area. This indicates the absence of convinced buyers of high orders in the market (large investors working with large time intervals), so today, the neutral dynamics will continue.
Ethereum
The emerging high-volume level of $210 acted as a support. After similar punctures toward the developing / existing control prices ethereum (ETH/USD) will likely move to the nearest high-volume level - $216. Like bitcoin, today the most realistic behavior is a test of Tuesday’s minimum mark.
Time-lapse: on September 27, 2017, ethereum price decreased, fixing at $289,43.
Daily Scenario
ETH chart by TradingView
Today bears may try to test the minimum mark of Tuesday ($ 202 - 206). In this case further attack at $201 may follow.
Dash
Bulls managed to push dash (DASH/USD) to $193 and interrupt the downtrend of the previous three days. However, the support at $177 - 180 level is still in serious danger, and today bears can attack it.
Time-lapse: on September 27, 2017 dash was decreasing, fixed at $337,93.
Daily Scenario
DASH chart by TradingView
Today bears are interested in support of the $177-180 area. After capturing it, a decrease to September’s minimum marks ($159 - 160) may follow.
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: InsurChain with 110,34% growth, and Mindexcoin with 47,25% 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 Ihodl.com are not liable for the potential losses incurred.