Technical analysis of crypto majors - July 16th

Currently the total market cap of crypto is 288 billion USD with a 24h Volume of 68 billion and BTC Dominance of 66.6% according to coinmarketcap.com.

Bitcoin has a market cap of 191.8 billion USD and trades around 10750 USD on Coinbase with price retracing back to previous support now turned resistance zone of 10.7-11 k USD and going back above 200 exponential and simple moving averages. If bearish momentum resumed it is likely we will see next zone of support around 9.7-10k USD

BTC/USD 4H:

Looking at BTC dominance % a continuation to the upside can be seen with current % of 69.43 and looking to reach 70% in upcoming days which would be the highest point since December 2017. Dominance % has moved quite far away from previously mentioned trend line from lows of July 2nd and 8th indicating strong bullish momentum.

Ethereum currently has a market cap of 24.2 billion and trades at 223 USD on Coinbase after breaking support of 230 USD and a brief retrace back to retest it. Most likely we will see continuation to the downside in upcoming days as price is currently moving away from previously mentioned support now turned resistance and looking to retest 200 USD once again.

ETH/USD 4H:

Looking at ETH/BTC a steady decline in price can be seen to current 0.021 BTC which is an all-time low for more than 2 years and no clear support in sight indicating a continuation to the downside in upcoming days.

ETH/BTC 4H:

Ripple currently has a market cap of 13.3 billion and is trading at 0.31 USD on Binance which is just below 0.32 previous support now turned resistance indicating price will go lower to next support of 0.29-0.30 USD in upcoming days. Alternatively if price breaches 0.32 USD we could see a reversal back to previous range low of 0.37 USD.

XRP/USD 4H:

Litecoin has a market cap of 5.64 billion USD and currently trades around 89.4 USD on Binance after breaking multiple week support trend line earlier last week and still holding above 200 day exponential moving average indicating a potential reversal if price can go above previous day high of 97.7 USD

LTC/USD Daily:

Binance coin has a market cap of 3 billion USD and trades around 28 USD on Binance still holding support trend line of several weeks. Additionally price got rejected quite sharply from 61.8 Fib level indicating a potential reversal could happen in upcoming days. Alternatively price will likely move down to 25 USD previous resistance level on 20th of April.

BNB/USD Daily: