Technical analysis of crypto majors - July 17th

Currently the total market cap of crypto is 259 billion USD with a 24h Volume of 84 billion and BTC Dominance of 66.1% according to coinmarketcap.com.

Bitcoin has a market cap of 171 billion USD and trades around 9555 USD on Coinbase after breaking through support zone of 9.7-10k USD yesterday and reaching local low of 9230 USD. Price will likely retest support now turned resistance before continuation to the downside with next support zone to be found around 8.5-9k USD. As price made a lower low compared to the low of July 2nd we are overall still in bearish formation on higher time frame.

BTC/USD 4H:

Looking at BTC dominance % a small retracement can be seen with current dominance of 68.8% indicating that 70% level is providing some resistance and will take longer to break above.

Ethereum currently has a market cap of 21.75 billion and trades at 204 USD on Binance after additional drop yesterday and retest of several week trend line. Price is currently in between 200 day exponential and simple moving average zone of 180-220 USD indicating support could be found and price retracing some of the downside momentum in past days with likely resistance to be found around 240 USD.

ETH/USD Daily:

Looking at ETH/BTC several rejections can be seen of 0.0205 BTC and a rounding bottom pattern forming with likely resistance for price to head to seen at 0.023 BTC before continuation to the downside can resume as overall trend is still very bearish as Bitcoin dominance continues to increase.

ETH/BTC 4H:

Ripple currently has a market cap of 12.78 billion and is trading at 0.30 USD on Binance with price still trading around support of 0.29 USD which has been supporting price for several times since august 2018 indicating reversal is highly likely and price continuing to trade in an overall range of around 0.29-0.5 USD.

XRP/USD Daily:

Litecoin has a market cap of 5 billion USD and currently trades around 80 USD on Binance after additional drop yesterday and an attempt to test 200 day simple moving average (green line). Signs of reversal are still to be seen so it is best to stay in sidelined for now.

LTC/USD Daily:

Binance coin has a market cap of 2.82 billion USD and trades around 25.4 USD on Binance which is just above 25 USD support however break of multiple week trend line indicating we will see continuation to the downside in upcoming days. If 25 USD is broken next target for support can be seen around 18 USD.

BNB/USD Daily: