Technical market analysis: 22.02.2018

Let's see how the technical picture of the market has changed over the past 24 hours, and what awaits us further.

Bitcoin (BTC)

Yesterday's scenario was worked out for the day on 100%. As long as the market is calm and there is no aggressive news background - it can be felt. For today, serious movements should not be expected either. The advantage is given to lateral movement, but also the possibility of further price creep is not excluded.

Ethereum (ETH)

Over the air price is set to a deeper fall than we expected. For today or tomorrow, the downward trend continues. The immediate target for the descent is the $ 778 level. Formed at the top of two savings for sale have a lot of support for the bears.

We will be able to state a stop or a turn when the first savings for purchase appear. And while they are not there - all upward movements can be viewed as temporary price bounces, no more.

Ripple (XRP)

For XRP, the situation is also understandable. The nature of the price movement corresponds to yesterday's expectations. We went down to the lower support zone, bounced off and are very close to it. The general trend of the market and the current price position indicates a possible downward breakdown with a further decline to the $ 0.8990 level, and then to the $ 0.73 mark.

The breakdown of support and the lower boundary of the channel, in which we have been for a long time, will release a large bearish potential. Therefore, the likelihood of such a deep descent to $ 0.73 is very high.

Litecoin (LTC)

LTC also did everything according to the predicted plan. At present, a continuation of the decline to the $ 192.55 correction level is seen.

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