empty
 
 
16.02.2021 03:02 PM
Morning review of cryptocurrencies for February 16, 2021

There have been no significant changes in the crypto market since yesterday. Nevertheless, BTC reached a new record high but failed to consolidate at this level yet.

Bitcoin consolidated above 48,178.13, which is the support level now. The level of 49.690.70 is seen as resistance, which is also the previous historic high. Today's attempt of the price to break through the high looks like a false breakout.

BTC/USD is moving in a narrow sideways range. Most likely, the price will break through one of the indicated levels of the range. At the same time, the price still can reach a new record high.

This image is no longer relevant

Bitcoin Cash touched the resistance level of 835.86, but failed to consolidate above it. Now, let's take a look at the H1 time frame. We have a sideways range in the area of 701.47 - 835.86. If the price does not break through support, the upward trend on BCH/USD may well resume. In case of a breakout at the horizontal level of 701.47, the price may go down to the 611.50 target.

This image is no longer relevant

Ripple is stuck in a narrow range between the support level of 0.5564 and local resistance located at 0.5957. In case the price breaks through the lower border of the range, the support level will be seen at 0.5345.

This image is no longer relevant

Ethereum has not broken through the sloping resistance level of 1874.20 - 1851.95. The target is gradually moving down along it. In case of a rebound, the downward terget will remain at the local support level of 1697.27. If the price breaks through the resistance of 1874.20 - 1851.95, ETH/USD will be able to reach the 161.8% Fibo Expansion level.

This image is no longer relevant

Litecoin is consolidating in the narrow sideways range of 210.96 - 218.92. So far, the price has not broken through its upper border. Therefore, a rebound is highly likely. If BTC hits a new historic high, LTC/USD's next resistance level will be 228.24.

This image is no longer relevant

Ekaterina Kiseleva,
Especialista em análise na InstaForex
© 2007-2024
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $9000 mais!
    Em Maio nós sorteamos $9000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 100%
    Sua oportunidade única de receber um bônus de 100% em seu depósito
    RECEBA O BÔNUS
  • Bônus de 55%
    Solicite um bônus de 55% em cada depósito
    RECEBA O BÔNUS
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback