Market review, May 25, 2020

2020-25-05 13:35:28

Technical Analysis of Bitcoin(BTC):

Over the past weekend, the price of bitcoin dropped to the support level of $8,600. Now, it is $8,740. In the future, we predict a decrease in the price of bitcoin. The nearest resistance levels are $9,000, $9,200, $9,400, $9,700, $9,840, $9,950, $10,000, $10,250, $10,500. The nearest support levels are $8,600, $8,150, $7,900, $7,600, $7,500.

Technical Analysis of Ethereum (ETH):

Over the past weekend, the price of ethereum rose slightly higher than we had expected, to the resistance level of $210. Now, it is $202. In the future, we predict a decrease in the price of ethereum. The nearest resistance levels are $205, $209, $212, $216, $218, $226, $245. The nearest support levels are $200, $198, $193, $189, $186, $183, $178, $174, $169.

Technical Analysis of Ripple (XRP):

During the past weekend, the price of ripple was in the flat between $0.19-$0.20. Now, it is $0.1930. In the future, we expect a decrease in the price of ripple. The nearest resistance levels are $0.1950, $0.2, $0.2020, $0.2060, $0.21, $0.2150, $0.22, $0.23, $0.2350. The nearest support levels are $0.19, $0.1820.

Posted: 25.05.2020 | Alex Feldman
Disclaimer. This review is only for information purposes and cannot be considered as a proposal or an indication to perform certain transactions in the financial and commodity markets. The estimates and recommendations in the review are the personal opinion of the company's analysts. The company's view on the prospects for individual financial instruments is valid as of the date of the report. The Company does not assume any liability and liabilities for compensation for damage that may result from the use of this report.
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