Market Review. Results of the Day. Continue to Fall. 02/22/2018

February 22, 2018


Changes (24h):

BTC $10,014

ETH $811.64

XRP $0.8887

BCH $1,205.90


Technical analysis.

Market has continued to decline today. Bitcoin Cash (BCH), Dash (DASH), and Ripple (XRP) are the leaders of the fall.

Ripple has been declining for the third straight day. If the price breaks down the support level of $0.7, the fall may accelerate.The next solid support level is $0.3. Remember when after breaking down this particular level in December 2017 a strong growth began and Ripple grew to $3.3.

Bitcoin reached the support level of $9,750 today. A turn from this level will give the price a strong chance to grow. The current resistance level is $10,250. The target level in case of breaking out from the support level is $12,500.

NEO (NEO) has not droped today. Support level of $112 has withstood. Resistance level is $116. The target level in case of breaking out is $150.

The best candidate for opening short positions is XRP. NEO is the best option for long positions in case of the growth of the market.

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