Market review, July 7, 2019

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2019-07-03 14:01:13

Technical analysis of Bitcoin (BTC):

Over the past day, bitcoin pushed off from the support level of $9,800 and rose to the resistance level of $11,500. We expected this rebound. Now, the price of bitcoin is $11,100. Bitcoin may go down to the next support level of $9,400. The nearest resistance levels are $11,500, $12,000. The nearest support levels are $10,850, $10,600, $10,300.

Technical analysis of Ethereum (ETH):

Over the past day, ethereum grew to the resistance level of $300 After that, it fell down. We still expect the price to go down to the support level of $264. Now, the price of ethereum is $290. The nearest resistance levels are $300, $302. The nearest support levels are $290, $285, $280.

Technical analysis of Ripple (XRP):

Over the past day, ripple rose to the resistance level of $0.40. This movement can be considered a technical rebound. Now, the price of ripple is $0.3930. Our yesterday's forecast remains valid. Let's be patient. The nearest resistance levels are $0.3940, $0.4030. The nearest support levels are $0.3820, $0.36.

Disclaimer. This review is only for information purposes and cannot be considered as a proposal or an indication to perform certain transactions in the financial and commodity markets. The estimates and recommendations in the review are the personal opinion of the company's analysts. The company's view on the prospects for individual financial instruments is valid as of the date of the report. The Company does not assume any liability and liabilities for compensation for damage that may result from the use of this report.
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