Author:
Bitcoin
The correction is here and it’s definitely a sharp one. Support at this range is at around $10,000. If it breaks, more support is found at $9,600, and it’s all downhill from there. This is a healthy retracement after a rapid increase, and we’ll need to wait and see whether the support holds to find out where the market is headed.
Ethereum
Buyer enthusiasm led to the breach of the resistance at $320 and took the price to $366. From there, we saw a correction which brought the price back to $270, where the support in the range is fragile. Resistance here is at $300.
Against BTC, the support around 0.027 BTC broke down and the price dropped to 0.024 BTC. From there, the price rebounded and currently trades in the 0.027 BTC region. The resistance here is at 0.03 BTC.
Ripple
The market wave affected XRP-USD as well. The support at $0.40 broke down and turned into resistance. If the decline continues, the support at $0.37 will probably be tested.
Against Bitcoin, the weekly correction took the price to November 2017’s lows of around 3,300 sat where support exists. Resistance in this range is at 4,000 sat, and support has yet to be confirmed.
Chainlink
Chainlink’s price reached a record high of $4.60 following the impressive surge we saw across the board. Resistance in the current range is at around $4, while support is at $3.20.
Against Bitcoin, resistance in this range is at 0.00036 BTC while support is at 0.00032 BTC, but it hasn’t really been tested. It looks like the rally is headed further, but it’s important to note that a correction might come.
BNB
The BNB price corrected from $40 to $30, where support is being built. Resistance here is found at $35, but that has not yet been tested. The IEO’s influence seems to still be present.
Against BTC, the support at 0.0028 BTC was tested and found to be slightly fragile. Resistance in this range is at 0.0034 BTC, which is a technically interesting level considering the rally that started in March of this year. Volatility is increasing, and the range between 0.0026 BTC and 0.0044 BTC provides a place to trade between Binance announcements.
PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.