Technical market analysis: 21.02.2018

Take a look at the technical picture of the market.

Bitcoin (BTC)

Bitcoin just went perfectly to the resistance zone, which we designated earlier, and went sharply down. In principle, there is nothing unexpected in this.

In previous reviews, we identified two main goals for growth - $ 10 000 and $ 11 655. Both were achieved on 100%.

Until the end of the month of rapid growth should not be expected, since the monthly power reserve has been exhausted. The potential for increase will be visible in March with a new monthly candlestick.

Ethereum (ETH)

According to ETH, buyers' forces did not accumulate for an attempt to storm the heights at $ 975. By the evening of February 20, the price began to form an accumulation for sale under the previous same zone.

This reinforced the sellers, the exit from the outset was sharp and deep. The further picture looks neutral. It is unlikely that we expect a significant increase or decrease. Most likely the market will go into a sideways movement.

Ripple (XRP)

By XRP buyers "broke". Against the background of a general decline, the purchase accumulation was broken - the price was pressed to the lower savings line with a further breakthrough. Great depth for the fall is not visible, the price is close to the lower support line. In this zone - from $ 0,9470 and the current value - and there will be a wobble.

Litecoin (LTC)

The LTC price formed a sell-out accumulation at the very top yesterday. As a result, a downward impulse was formed. For the nearest targets, we expect a descent below the boundaries of the triangle, closer to the $ 200-210 per token area.

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