Market Review. Results of the Day. The Falling Trend

March 12, 2018

BTC $9,238.22 $

ETH $701

XRP $0.787270

BCH $1,048.90

Technical analysis.

Today the situation on the cryptorurrency market was moderately positive. However, towards evening market participants were reminded, that the active trend is a falling one.

Bitcoin has returned to the level of $9.000. The nearest support level is $8,500, and the resistance level is $10,000. A continuation pattern called flag has formed on its chart. The goal of theflag in case of a break down is $6,500.

Rest of the market looks similar to bitcoin.

To summarize, we should expect more attempts of the fall to continue.


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