Market review, October 18, 2019

2019-18-10 14:00:57

Technical analysis of Bitcoin (BTC):

Over the past day, the price of bitcoin dropped to the support level of $7,800. This movement completely coincided with our forecast. Now, the price of bitcoin is $7,910. The nearest resistance levels are $8,000, $8,140, $8,240. The nearest support levels are $7,740, $7,500.

Technical analysis of Ethereum (ETH):

Over the past day, the price of ethereum dropped to the resistance level of $168, and then there was a rebound upwards. This movement fully coincided with our yesterday’s forecast. Now, the price of ethereum is $172. The nearest resistance levels are $173, $178, $181. The nearest support levels are $172, $170, $168.

Technical analysis of Ripple (XRP):

Over the past day, the price of ripple dropped to the support level of $0.2840. This movement completely coincided with our forecast. After such a fall, there was a technical rebound upwards. Now, the price of ripple is $0.2920. The nearest resistance levels are $0.2940, $0.2980, and $0.3080. The nearest support levels are $0.2840, $0.28.

Posted: 18.10.2019 | Korolowa Helena
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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