LONDON, United Kingdom – As provided by HitBTC exchange, data for a Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, Stellar, NEO, Cardano, EOS price trend analysis seems to have many going in a frenzy. The year 2017 had been particularly good to the blockchain technology. This year, virtual currencies are having a tough time.
In 2017, more than 100 hedge funds started trading as compared to the present year, which only has about 20 newly operated funds by far. Additionally, there is a 10 percent chance that these new funds will be closing down within the year due to regulation issues.
Today, Ethereum appears to be breaking down below the percentage loss of April 1st and may have given up the gains. If it does go down, chances are it may even slip to about $300. The crypto coin apparently lacks the demand that it once owned in March when it reached its peak of $870.
After about 2 days of finishing in the green, Bitcoin is turning down from its $7,711.74 levels. Present prices are quoted at above the mark of $7,000. However, if this level is shattered, it can go down to its February 6th price of about $6,075. Traders are looking into purchasing only if it sustains a level of at least $8,000.
A downtrend is expected if the April 1st level of $0.045357 will continue. No chief support is anticipated until it reaches at least $0.22. Moreover, there is difficulty in detecting whether or not virtual currency investors will get into the picture. Nobody appears to be buying during the season of a falling market.
Trading for Bitcoin Cash depends upon the changes in cryptocurrency trade considering that there is a struggle in encouraging investors at the level of $741.6764 yesterday. If prices go below the April 1st price of $653, a fall-off is expected of up to $558 in the coming days.
The EOS price trend analysis shows that it is still on the descending passage. Another resistance is at bay at the end of the 50-day SMA. This virtual currency will only be promising if it surpasses the $7.25 level. Target objective for this crypto coin is at least $11.
In 2017, forecast was doing well on cryptocurrency trading. With the current situation, targets must be given a leeway. The Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, Stellar, NEO, Cardano, EOS price trend analysis helps in determining when investors can start buying again.