As mentioned in the previous price-related press for Ethereum, that this week could most likely look better by far for the second in place cryptocurrency, it seems like in that optimistic forecast even other virtual coins will be included.
In general the top-ten digital currencies based on As mentioned in the previous price-related press for Ethereum, that this week could most likely look better by far for the second in place cryptocurrency, it seems like in that optimistic forecast even other virtual coins will be included.market cap are looking better on the start of the week which is an open door for a better continuation. Except of DASH which is in the negative red zone now, the others leading the pack are in the green gaining zone for the last 24-hours. Very contrary to lasts week price development which did put DASH in the fifth place but the “Silver Giant” Litecoin has retaken its well cemented place.
NEO is on a recovery surge at 22.70% in the last 24-hours reaching up to $24.27 making the holders very happy to continue keeping it through thick and thin.
For the moment, very important levels are being tested which is the sole reason to keep on track now and see what time will tell.
Bitcoin Against the USD – BCT/USD
For weeks long bearish trend-line has been broken today at the $3788.24 at which point in a couple of minutes the price surged above the $3.900 and testing the major psychological mark $4,000.
As the resistance trend has been broken and it was one with great struggle, it is very much possible it could turn into a support-ish mark together with the supporting trend which has been holding the price on an upwards recovery rally.
The pair BTC/USD could continue upwards up to $4,000 and retest the mark and if a successful close above the particular level happens, more gain will be taking place. However sellers could be waiting for the $3,900 to be hit for some time so it is very questionable any prediction for now.
The reason for the stable recovery trading ground formed could be as the China regulation market changing news took place, the restructuring of the cryptocurrency market is taking momentum. While traders are moving their ‘bets’ from China to Japan or South Korea.
Ethereum Against the USD – ETH/USD Making its Move
Two major downward trends have been broken which signal a move upwards to take momentum. Its first attempt to reach the major $300 did take place today but went only $292.36. Now it has regained steam and is its second session for the successful close above the particular psychological level.
The supporting trend is not letting go for two days now and very important to not be cleared at least until the value increases past the $400.
However, the digital currency will have to sustain above the uptrend line to keep the formation intact. If Ethereum breaks below the uptrend line, it will invalidate the pattern, sinking the digital currency to $235 levels.
Bitcoin Cash Against the US Dollar – BTC/USD price Development
Since its all time high, BCH against the USD has been remaining and hovering below the downward trend formed. Right for the moment its is trying to close above the $450 mark in which case there could be a break of the declining phase and a change in its same pattern development.
This could be very well just a follow-up on the general market recovery that has taken pace, has there is no trend for now notable – no trade recommendation is found here.