Bears Still In Control Of The Trend In Cryptoland


Welcome to another review of the 4 major cryptocurrencies. So far my bearish view on all 4 and especially in ETH and XRP is proving to the point. Staying away or shorting them has been my view as no reversal sign or trend change confirmation has been issued yet.

XRP/USD Ripple

Price remains inside our bearish channel. Low 0.40s are expected to be seen over the coming weeks. Only a break above 0.65 will give a hint of a trend change.

ETH/USD Etherium

Our wave Y target has been reached. Price remains in a bearish channel. A clear bearish trend is here as well. No divergence, no sign of reversal. Bulls will need to break above $582 for a hint of a trend change.

BTC/USD Bitcoin

Challenging February lows. I expect them to be broken. $4565 most probable target as long athe s price is below $9130. Break above it and we might see a bigger bounce towards 12k.

LTC/USD Litecoin

The chances of falling below $100 are very high. However, I do not believe it will fall below $90. Strong support in this area. Bulls must eventually break the big triangle pattern to the upside. $180 is the big resistance level they must break.

 

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