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The market data are taken from HitBTC exchange.
digital currencies from the beginning of September to mid-November are relatively stable, then the decline began. Since then, the end-to-end sales, the total market capitalization of crypto-currencies of over 210 billion US dollars (185,5 billion Euro) on November 14. November to just under 116 million US dollars (102.5 bn Euro) 25. November pressed. This is a decline of almost 45 percent.
After such a waterfall-like case is as powerful a Pullback is likely. The markets are not, however, move immediately from a strong bear phase to a bull phase. Mike Novogratz, a former Goldman Sachs Partner and founder of Galaxy Digital, believes that it is in the case of crypto-currencies in the next year, a turnaround.
During the decline, although traders losses, he has not slowed down the acceptance of crypto-currencies. Companies in the US state of Ohio will be able to pay your taxes in Bitcoin. This is probably the first time that allows a US state such a thing. According to the Wall Street Journal (WSJ) could be in the future, on private taxpayers extended.
BTC/USD
Bitcoin fell on 26. November to a Low of 3.620,26 US Dollar (3.197,76 euros). From there, the bulls tried a Pullback. However, this hit just above the level of 4,200 US $ (3,709 along Euro) to an insurmountable hurdle. Currently, the bears, the downward trend again continue to try. The Zone between 3,000 US dollars (2.649 Euro) and $ 3,500 (3,091 to Euro) is a important support, and we expect them to.
pressed, The decline in the last few days, the RSI is deep in the oversold area. Although the RSI is in a bear phase, often in the vicinity of the oversold area suggests a value of 11 when the RSI on a surrender.
In General, following such a sharp decline in a strong rally upwards. The BTC/USD Pair will hit the downward trend line on a low resistance, but we expect that this will be overcome. The course above is a Pullback to the Fibonacci burglary level of 38.2 percent in the case of 4.712,US $ 89 (4.162,87 Euro) and the intrusion level of 50 percent,5.050,US $ 40 (4.460, 99 Euro). The 20-day EMA is just above this level and could act as a rigid resistance.
It is difficult to make the boom-to-Use, therefore, only experienced traders should be ready to take a risk, to try a Long Position if the virtual currency can hold about four hours to 4,250 U.S. dollars (3,754 K Euro). The Stop can be set Loss at just under $ 3,500 (3,091 to Euro). Because it is a risky trade, you should only use 30 percent of the usual position size. If the digital currency is below 3.620,26 US Dollar (3.197,76 euros), is a case of under 3,000 US dollars (2.649 Euro).
XRP/USD
Ripple fell on the 25. November under the support of 0,37185 US Dollar (0,3286 Euro), but purchases at the lower levels have made the most of the days losses. The bears are trying to reach is currently having a sale.
If that succeeds, you can drop the XRP/USD Pair to the support line of the channel, which will act as strong support. The level should not be kept, however, a re-Test of the level of 0,24508 US Dollar (0,2165 Euro).
If the cops can on the other hand, raise the rate to over 0,37185 US Dollar (0,3286 Euro), there will be a Pullback, which can extend up to 0.43 U.S. dollars (0.38 euros). There, we expect a strong resistance by the 20-day EMA. We see here no purchase constellation. Therefore, we recommend not to trade.
ETH/USD
The buyer seem to have Ethereum turned their backs, because after such a decline, a Pullback may not even be trying to tidy.
On 25. November came, the bears easily under the support of 110 US dollars (97 Euro). The ETH/USD Pair was at 102,96 US Dollar (90,94€) some support, but the Pullback was only weak. A case under 102,96 US Dollar (90,94€) can allow the digital currency to 83 US Dollar (73 Euro) to go down.
above the rest at 130 US will encounter-$ (114 Euro) and $ 140 (123 euros) to be major hurdles. If these two levels are overcome, is a Pullback to 158 US dollars (139 Euro). We find, however, no reliable buying constellations, therefore it is best yet to be seen.
BCH/USD
As the Hash of the war, in Bitcoin Cash-is over, we have it in our analysis. Due to the Hard Fork, we need to look at it again from the beginning.
Within a short period of 20 days there was a massive decline. The cops try to provide a support at about 148,27 US Dollar (130,97 Euro). If that succeeds, is a Pullback to the Fibonacci burglary level of 38.2 percent and burglary level of 50 percent of the recent decline is likely.
If the cops fail, could set the BCH/USD Pair its downward trend. Although this point is still to be seen on the Chart, is the next major support at US $ 100 (88 euros). Traders can wait for a bullish pattern forms, before you open a Long Position.
XLM/USD
Stellar is below the critical support of 0,184 US Dollar (0,163 EUR) and 0,1547188 US Dollar (0,1367 Euro). The bears are symptoms. There were some purchases in 0,13427050 US Dollar (0,1186 Euro), but the bulls have to fight in order to keep the Pullback.
A case under the lows of 25. February will continue the downward trend continued and the XLM/USD Pair to the next support at $ 0.08 (EUR 0.07). A recovery will encounter rigid resistance at 0,184 US Dollar (0,163 EUR). We do not see any reliable purchase constellations and therefore propose no trade.
EOS/USD
even Though the RSI is in the oversold area, the Bullen do not trigger any recovery in the case of EOS. He is still under 3,8723 US Dollar (3,4215 Euro).
The immediate support is located at 3 US dollars (2.65 euros). If the EOS/USD Pair bounces from this support from back up, will it hit the downward trend line on a small resistance. It 3,8723 US Dollar (3,4215 Euro) will be a great resistance. If the bears leave the rate below 3 dollars (2.65 euros) decline, the next support at US $ 2.40 (2.12 euros). Traders should wait for a trend reversal, before you buy.
LTC/USD
Litecoin is firmly in the hands of the bears. He fell below its support at 32 US dollars (28 euros) to a Low of 28 US dollars (24 Euro) on 25. November. Since the beginning of the decline on may 14. November, there was no real Pullback, suggesting a lack of buying interest on the part of the cops.
Under 28 US dollars (24 Euro) is the next support at US $ 20 (17,67 Euro). But the RSI is in the oversold zone, we expect within the next few days a Pullback.
above the rest on the 20-day EMA will face a high hurdle. We expect that the LTC/USD Pair forms a range before a new upward trend begins. Until then, we suggest that traders wait-and-see and observe.
ADA/USD
A lack of buying interest has Cardano on 25. November on 0,033065 US Dollar (0,0292 Euro) to decrease. If this support is broken, it can extend the slip to the next support at 0,025954 US Dollar (0,0229 Euro).
The RSI is deep in the oversold area, which may lead to a Pullback, which is then initiated in the Zone between $ 0.50 (€0.44) and the 20-day EMA resistance. We wait for a confirmed bottom and the chart pattern indicates a reversal, before we suggest a trade with the ADA/USD Pair.
XMR/USD
Monero fell on the 25. November under the support at $ 60 (53 euros) and slipped on 54,081 US Dollar (47,785 Euro). This level is broken down, there is a psychological support at US $ 50 (€44). Below, this is the case, you can extend to US $ 40 (35 Euro).
If the bulls can keep the support of 54,081, US Dollar (47,785 Euro) and a recovery start, you can climb the XMR/USD Pair to 71 US dollars (62 euros) and, in addition, at 81 US dollars (71 euros). We expect a strong resistance at 81 US dollars (71 euros). Because the RSI is in the oversold zone, we expect in the next few days of recovery. However, there is still no purchase of constellation, therefore we recommend not to trade with it.
TRX/USD
TRON fell below the support at 0,0122194 US Dollar (0,0108 Euro) and reached the 25. November, a new daily low of 0,01089965 US Dollar (0,0096 Euro). The bulls have managed to keep the rate close to the lows of 20. To keep November, but they could not lift him higher.
The RSI is strongly oversold, suggesting that there were too many sales. A recovery from the current levels of the TRX/USD Pair up on the overhead resistance at 0,01587681 US Dollar (0,0140 Euro). In this, we expect the seller to intervene.
on the Other hand, a decline in 0,00844479 US Dollar (0,0075 Euro) is possible if the bears put the digital currency continues to be under pressure. Traders should wait before buying until a new purchase constellation.
The market data are taken from HitBTC exchange. The Charts for the analysis come from trading view.
