Analysis of the cryptocurrency market 26.10.2018

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

Background

  • Binance collected more than 500 thousand dollars in bitcoins and esters to help flood victims in Japan.
  • Platform Waves has announced plans to spend 1 million WAVES (about $ 2 million) to bring in computer games developers on the blockchain.
  • Peer-to-peer trading platform Radar Relay added to the list of supported coins sETH — licenzirovanie derivative product for short sale ether.
  • Ripple Labs reported on the results of the third quarter. For three months the company sold tokens, XRP more than $ 160 million (0.43 per cent of the total). Total capitalization of the bitcoin and Ripple is estimated at $ 40 billion, although only 18.3 billion traded on markets.

The results of the auction

Thursday cryptocurrency market adhere to a neutral scenario. Bitcoin (Bitcoin) and ether (ETH/USD) continued compression of the trading range.

Bitcoin

Bitcoin remains in the center of the field of high volume. The main scenarios was not changed.

Intraday scripts

1. Bullish

The basic objective of buyers is the level of $6540. Entrenched in its surroundings, they will be able to test the upper limit of $6658 and put the cryptocurrency in the region located above CC $6709.

2. Bear

Bears are primarily interested in support of $6343-6360. Then likely to decline in the range of $6143 — $6236 and test the low of the 11th of October.

3. Neutral

Vibrations in the region of $6343-6490.

Live

Aether spent the day in a very narrow range. For further growth we would like to see more active buyers at $198-199.

Intraday scripts

TradingView

1. Bullish

The main aim of the bulls is the upper boundary of $206 and highs on October 16-17. In the case of positive news the bitcoin can rise to $211 and $223.

2. Bear

The bears will try to test yesterday’s low. Global goal is a minimum of 15 Oct.

3. Neutral

Consolidation in the range of $198-202.

Dash

Dash (Dash/USD), as expected, spent Thursday in the $154-159.

Intraday scripts

TradingView

1. Bullish

The bulls are interested in the range of $161 to 163. Foothold above $162,5, they will be able to launch an attack on $166 to 168.

2. Bear

The aim of the bears is obvious: the lower boundary of the consolidation area ($154). Thereafter, may reduce to $144-146.

3. Neutral

Consolidation in the range of $154-159.

Ripple

Ripple (XRP/USD) has just tested the level of $0,449 and the trend line. Come this-time buyers to the market?

Intraday scripts

TradingView

1. Bullish

If growth is the same as 24 October, Wednesday’s high of $0,474, most likely, will not stand, and the Ripple will go to the region CC $0,486.

2. Bear

The bears will primarily be attacking the trend line. In case of success may drop to $0,432.

3. Neutral

The neutral scenario has not changed: consolidation in the range of $0,449−0,464 with regard to the trend (more pronounced drift up).

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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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