What’s going on with bitcoin, ether, Ripple and Dash in the last day.
- Index 30-day volatility of bitcoin fell to its lowest level since December of 2016.
- Amir Sarhangi, head of wireless communications Google, was Vice – President of Ripple Labs products.
- SP Group, the largest supplier of electricity and gas in Singapore, launched the renewable energy market on the basis of the blockchain. In a press release SP Group notes that the blockchain will increase transparency and efficiency.
- Infineon Technologies and XAIN will work together to implement a blockchain in the automotive industry.
- Cryptocurrency startup Dharma unveiled the alpha version of Dharma Lever — bestoverture service for access to margin loans in high volumes based on Protocol of smart contracts with open source.
The results of the auction
In recent weeks, the cryptocurrency market is not happy traders dynamic. The previous three days passed without marked movements in the typically neutral, sleepy manner. The only notable event was a minor splash on Friday morning.
Bitcoin (Bitcoin) for two weeks, remains at the center of the field of high volume. The only hope for the revitalization of its behavior connected with the news (especially from the SEC) that may soon follow. The main scenarios was not changed, it should be remembered that the range of motion after out of the current range can be quite significant.
Core target buyers — $6540. Then they will be able to test the upper limit of $6658 and put the cryptocurrency in the region located above CC $6709. A global goal are the September highs ($7369).
The bears are 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. The global goal of vendors — neighborhood of $5100.
Vibrations in the region of $6343-6480.
The ether (ETH/USD) drifts from the reference price of the region (it dropped from $203 to $201). The main scenarios was not changed.
The bulls are interested in testing the upper boundary of the region $206 and highs on October 16-17. The global target is the range of $247-250.
The bears will try to test at least Thursday. The global target is the lows of September and the $120-135.
Further consolidation in the range of $198 – 203.
Dash (Dash/USD) from October 19 remains in the $154-159.
Bulls are primarily interested in the range of $161 to 163. Entrenched in it, they will be able to launch an attack on $166 to 168.
The bears will first attack the support of $153.5. Thereafter, may reduce to $144-146. A global goal are the September minimums.
Consolidation in the range of $154-159.
In Ripple (XRP/USD) check price decreased from $0,458 to $0,454. The trend line in did not work this time, and the cryptocurrency spent Friday and the weekend in the centre region. The probability of bullish scenario independent (not connected with the dynamics of the rest of the market) have decreased.
Core target customers — highs of 17-18 and 24 October. After that, the bulls will try to gain a foothold in KTS $0,486. Global objectives are KC $0,528 which and a maximum of 4 Oct $0,546.
Bears will attack the lows of October 23. Then may decline to $0,425. Global target October lows ($0,371+).
Further consolidation in the range of $0,445−0,461.
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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.