2 July 2018

Overview of the crypto-currency market. Large range of trade.

On a four-hour time interval, the BTC is in the oversold stage on the StochRSI indicator. The price found support over the Ishimoku cloud, but the bears try to lower the support below it. Digital gold lost about 1% in a short period of time, the value of the asset was $6 312, Ethereum fell 1,2%, it can be purchased for $447,90, while Ripple shows a 0,8% drop, the digital currency is sold at $0,453. Market capitalization fell by $2 billion from yesterday and is $253,8 billion. The point of resistance BTC stopped at $6 400, above this value, the digital asset could not hold. Everything tends to become stronger above the cloud of Ishimoku and stay there. In the short term, this level of bulls is interesting, there was the possibility of breakthrough resistance.

An important psychological value of $6 000 showed that a drop to $5 780 could be rapid, this is another confirmation of our words on yesterday's analyst. BTC moves quite calmly in the range of $5 718 — $6 400, a sort of large market corridor. You can trade inside this corridor, but you need to be extremely careful, as it is not clear where the price will go after the penetration of one of the levels.

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