Analysis of the cryptocurrency market 31.08.2018

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Intraday scripts

TradingView

1. Bullish

The bullish scenario calls for a return in the neighborhood of $7108 and test the upper boundary of the high-volume ($7238). Global goal for the weekend is the level of $7466.

2. Bear

The task of the bears is obvious: to overcome support at $6920 $6789 and return the cryptocurrency in the area of high-volume KTS $6718.

3. Neutral

Consolidation in the $6920-7070. In the current situation neutral scenario is not too likely. Bulls need to build on their success, otherwise the bears will start to work and will return a bitcoin below $6600. It should be noted that the main area of activity of sellers located in the range of $7600-7800 (see chart)

Live

The ether (ETH/USD) still can not gain a foothold above $298. Test the $272-274 (it started mikrotrend 27-29 August) showed that buyers are still present and active.

From a global perspective while there is nothing significant — the ether remains in the high $267-320. Favorable news (e.g., futures) can lead to the fact that cryptocurrency is still able to move to its upper part.

Intraday scripts

TradingView

1. Bullish

The primary goal of the bulls lies at $292. Further possible attack for $298. The global challenge for the weekend is to test the upper border of the area of high volume ($320).

2. Bear

The main support is located around $267-270. The bears need to test it. In the case of a breakthrough likely to decline to $259 and then to $247. Also do not forget about $272, which started selling Monday and tonight.

3. Neutral

Currently live is in a fairly wide area on market white – (O) without the expressed zones of attraction/rejection. In such circumstances a neutral is any script without testing boundaries, or extend the range of 30-31 August. In other words, cryptocurrency can spend the weekend in the $274-292, while the overall picture remains the same.

Dash

Dash (Dash/USD) managed to hold above the critical level of $172. Buyers returned cryptocurrency levels Thursday night. In General, the objectives of both parties remain the same: the bears are interested in support of $172, and the bulls need to attack the local maxima.

Intraday scripts

TradingView

1. Bullish

The bulls would be interesting to test local maxima ($202). Then possibly a move to $210.

2. Bear

The main purpose of the bears is the support at $172. In the case of a breakthrough may decline to $155.

3. Neutral

Consolidation in the range of $180-194.

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 Insider.pro is not responsible for any losses.

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