What’s going on with bitcoin, ether, Ripple and Dash in the last day.
- The price of tokens Decred (DCR) jumped 25% after the listing on Binance, the largest cryptocurrency exchange in the world.
- Futures trading bitcoin with physical delivery on the platform Bakkt starts December 12.
- Last week TRON (TRX) ahead of Ethereum in number of daily transactions.
The results of the auction
On Monday, the cryptocurrency market showed absolute calm that cannot be attributed even to conservative neutral scenario. The trading range is compressed, the volumes are falling. As previously noted, similar behavior is to be expected ahead of the news from the SEC in late October/early November.
Bitcoin (Bitcoin) is stuck between two levels of high volume. The basic scenario remains the same. It is unlikely that the market will revive itself without the involvement of external factors (news), but quite possible short-term punctures in one direction or another in order to raise the foot.
$6540 continues the basic objective of buyers. On a global scale they are interested in the upper bound region ($6658).
Bears will want to test the range of $6143 — $6236 and a minimum of 11 Oct.
Further fluctuations in the neighborhood of the reference price area.
The ether (ETH/USD) remains in high-volume. From bearish scenario cryptocurrency separates support at $199,2.
The bulls interesting highs on Tuesday and Wednesday (along with a low volume of $207 on the local profile) and CC $211.
Bears will attack a minimum of 18 October, to check buyers. If they are not there, the air may go down to $190.
Further consolidation in the neighborhood of KC $203,7.
Dash (Dash/USD) remains in the range of $154-160. Overall in the last month there was a clear tendency for weakening. In such circumstances, the cryptocurrency may lose all the growth the end of September.
The goal of the bulls for the next day: the interval $164-165 and a maximum of 16 Oct ($172+).
The bears will be the lower boundary of the neutral region/at least October 12. In case of success, the cryptocurrency may go down to $144.
Further consolidation in the range of $154-160.
Ripple (XRP/USD) shows some weakness. Today cryptocurrency tested KTS $0,443, so most likely the next day seem to be reduced to $0,435 (attack on at least October 18). Also interesting to see if it works (and how) the rising trendline.
The bulls, it is desirable to move the $0,449−0,469 and test the upper border, it is quite possible the transition to this script after touching the trend line.
Bearish scenario envisages an attack on at least October 18 and the fall to $0,422.
Consolidation in the range of $0,443−0,451 with possible short-term puncture of up to $0,436.
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