Tuesday 14 August 2018

The fall of the bitcoin and the other cryptocurrencies may be good news for the cryptomaniacs?

The depreciation of bitcoin and other cryptocurrencies may be good news for the cryptomaniacs. For example, the ripple is traded at levels not seen since the autumn of last year just before it erupts and increases its value 10 times. The question now is whether the ripple will be able to return quickly over the psychological limit of 30 cents, or its decline will continue.
Quite similar is the situation with the ethereum. The digital currency is at its lowest levels since April, after a peak of $1,400. From a technical point of view, the ether is in a strong downward trend after overcoming the lower limit of a narrowing triangle.
On its way down, the ethereum does not have many obstacles, and its decline may increase if we see a drop below the $300 psychological barrier that temporarily limits its depreciation.
A very serious decline was recorded by the bitcoin cash. It is traded at levels of about $570, and its decline may increase if we see a breakthrough in the key support level at $550 for a coin.


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