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Today, cryptocurrencies are traded at different rates. Since yesterday evening, bitcoin has fallen even lower, ether and bitcoin cash are clearly working out technical scenarios, and ripple has grown sharply, although it is still unclear how long. Do the top coins still have prospects for strengthening? Let's figure it out.
Bitcoin's attempt to stay above the 100 level on Fibo Expansion was misleading. After consolidation, the quotes fell below this level, and they returned to it again today. Now, the further direction of the main cryptocurrency from a technical point of view depends on which side of the level of 100 on Fibo Expansion BTC/USD is fixed.
If this horizontal is confirmed as a resistance, the quotes may decline to the level of 61.8 on Fibo Expansion. And if it consolidates above 100 on Fibo Expansion, BTC/USD can continue to grow to the previous historical highs - the resistance of 58340.66, marked with a dotted line.
Bitcoin Cash reached the lower limit of the 508.94 - 538.35 range, did not break it, turned around, and has now confirmed its resistance level. Now, if BCH/USD breaks through the horizontal 538.35, it can continue to grow to the nearest level of 551.56, marked with a red dotted line. Otherwise, the pair will fall in the specified corridor.
After a long and restrained trading, Ripple shot up from yesterday's lows within the range between the support of 0.4071 (red segment) and the resistance of 0.4539. The main question is whether the pair will be able to gain a foothold above the 0.4539 level. If so, it is possible to increase to the next target of 0.5564. Otherwise, the pair will turn down in the specified sideways direction.
Ethereum remained above the support area of 1697.27 - 1789.44 (marked with red dotted lines) and is halfway to the resistance of 61.8 on Fibo Expansion. Theoretically, the price can move in any direction from the middle of the sideways. In the case of ETH/USD here, perhaps the direction will depend on the correlation with bitcoin.
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