Analysis of the cryptocurrency market 18.10.2018

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What’s going on with bitcoin, ether, Ripple and Dash in the last day.

Background

  • The Australian state of New South Wales has signed a partnership agreement with ChromaWay. By July of 2019, he is going to digitize all real estate transactions.
  • The study showed that only 39% of Chilean citizens have heard about the cryptocurrency.

The results of the auction

On Wednesday the situation in the cryptocurrency market has developed according to the neutral scenario. The ether (ETH/USD) and Dash (Dash/USD) showed a slight weakness.

Bitcoin

Bitcoin (Bitcoin) continues to consolidate in the center of the field of high volume. It seems that the third scenario is realized out of the global triangle that almost nobody expected: a gradual lateral drift without obvious bursts and punctures. Other unchanged factors neutral dynamics of the cryptocurrency will continue this and next week. The basic scenario remains the same.

Intraday scripts

1. Bullish

The bulls interesting $6540, which started falling on October 11. The next target is the upper boundary of the region ($6658).

2. Bear

Bears are especially attracted to the range Saturday-Sunday ($6143-$6236). Also they want to test the low of October 15.

3. Neutral

The neutral scenario provides for fluctuations in the center region of the high-volume ($6355-6523).

Live

Yesterday at 14:00 GMT the sellers made a small attack on the lows of the previous two days, but it failed. The air remains within the boundaries of the neutral scenario.

Intraday scripts

TradingView

1. Bullish

The bulls are still interested in high-volume KTS $223, with the range of $206-$213 can be completed fairly quickly.

2. Bear

The bears will try to test the lows on Monday and Friday.

3. Neutral

Consolidation in the range of $201-207 with a possible drift to $211.

Dash

Dash was a little weaker than the rest of the market and fell to $163. Currently, the cryptocurrency is in the range $163-165; today, may decline to $160-162.

Intraday scripts

TradingView

1. Bullish

Bulls need to get back above $165. Only then will it be able to attack $173.

2. Bear

The bears will gradually build on their success. Today is likely to decline to $160 to 162 to the test in the direction of $157.

3. Neutral

Consolidation in the range of $163-167.

Ripple

At the break of the trend slightly intensified the sellers, however, the situation has not changed significantly. I still expect growth to $0,486, and $0,503 with a possible move to $0,528 which.

Intraday scripts

TradingView

1. Bullish

Bulls are primarily interested in the resistance at $0,472+. Then they will try to test KC $0,486, and the upper boundary of the region $0,503.

2. Bear

Bears is unable to defend resistance at $0,472, the cryptocurrency continues to grow, and today, likely another attack on the highs of the previous two days. The sellers may be done, if it will be a failure. In this case, the basic target is CC $0,443. A range of Saturday-Sunday.

3. Neutral

The neutral scenario provides for the consolidation in the range of $0,464−0,480. Another failed test of $0,472 the potential to degrade, so the script is associated with some growth and transition in the region of $0,469−0,503.

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Trade on cryptocurrency market involves significant risk and not be suitable for all investors. The above analysis should not be viewed as recommendation/call to action. Every trader is obliged to assess the risks taking into account its financial position. Author and ihodl.com not responsible for possible losses.

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