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The market data are taken from HitBTC exchange.
After months of stability, the crypto are currencies once again in a bear attack, because the entire market has fallen capitalisation under 166 billion euros. The current sale takes place after months of trade within the range. This is a negative sign, since it shows that the seller could have gained a relative Balance to have the upper hand.
No crypto-currencies escaped the carnage, as most of the Top are like 10 Coins by market capitalisation of between 9 and 18 percent. This shows that the sale has gained the upper hand. Although the exact reason for the case is not known, believes Brian Kelly, CEO of BKCM, that this may have been triggered by the uncertainty associated with the Bitcoin Cash Fork.
deal How traders should with this new development? It is time for Bottom Fishing (buying before the hoped-for positive change in trend) or is it best to sit down and to wait until the fall looms? We look together.
BTC/USD
Bitcoin collapsed today, the break below the trend line led to strong sales and the price dropped to new lows since the beginning of the year. As prices fell under 5.221 Euro, sparked this is the proposed Stop-Loss at 5.221 Euro. Currently, the bulls try to push prices back to about 5.221 Euro, but every little setback is accompanied by a new wave of selling.
If the bears keep prices under 5.221 Euro should fall, the BTC/USD Pair in the next case to 4.822 Euro and below this value to 4.424 Euro. Conversely, the digital currency may try for a successful retreat of the cops, to rise again above the trend line.
Sometimes is the first step of a consolidation of a Fake Out. Therefore, the next few days are for the digital currency is very critical, since they dictate the next direction. If the bears take advantage of the collapse and prices fall, it is best to wait until the end of the decline. If the bears do not authorize the decrease, however, the capital, this shows a strong demand at a lower level. Therefore, we recommend the traders, the next few waiting days, as they give us a better clue to the next direction.
ETH/USD
Although Ethereum had the immediate support at 166,67 Euro steps, she slipped under the intra-day lows of 12. September of with 148.06 EUR. Currently, the bulls are making a Comeback, after the prices have risen again over 188,35 US Dollar, resulting in demand at a lower level.
If the ETH/USD remains on 188,35 USD, this is a bullish sign, because she refuses to lower levels. If the current Pullback attempt, however, associated with a further round of Sales, traders can expect the decline to the next lower support values of 120 euros and 97 euros. Although it pleases us to do that today, no new low has been reached, it is still too early to buy something. Therefore we recommend that traders wait on the side line.
XRP/USD
The Return of the Breakout levels faded and now the Ripple is going to change. It broke below the moving averages and the support zone and fell to € 0.35. As a result, it triggered our 0.39 Euro proposed Stop-Loss.
to rise at the moment, the XRP/USD has made a Couple of a recovered part of its losses and is trying to take over the moving averages. If the cops from the small break out of downward trend line, it is gaining strength.
To below the critical support which you should watch, 0,32917 Euro. If this Level breaks, the next support with 0,21688 much lower.
BCH/USD
Bitcoin Cash recorded one of the steepest declines among the Top Cryptocurrencies. The sale increased, as it was under the 61.8 percent Fibonacci Retracement of 442,763 Euro and the 50-day SMA value. Our recommended Stop-triggered Loss at 424 euros. Panic pulled the BCH/USD on an intra-day low of 374 Euro, in which some purchases.
In view of the uncertainty of the Hard Fork on may 15. November, we advise traders now no new positions. Traders can wait until the situation t has calmed down, before taking trading positions.
EOS/USD
EOS fell below the narrow range and fell on the critical support at 3,97594 Euro. This triggered our Stop-Loss at 4.33 euros.
are Currently trying to make the cops support 3,97594 Euro. If the level holds, a Pullback to 4.42 euros, probably. If the Support breaks, however, a re-Test the critical support at 3,42667 Euro probably.
The 20-day EMA has begun to turn and the RSI has moved into the vicinity of the oversold areas, which shows that the bears have the upper hand. We suggest that traders wait for the stabilization of the EOS/USD pair, before you respond again Long positions.
XLM/USD
Stellar is currently trading within an ascending channel and fell from the upper end of the channel to the bottom. We expect strong support to the level of 0.19 to 0,199 Euro to the support line of the channel and the downtrend line of the descending triangle.
If the XLM/USD Pair below the channel and back into the descending triangle entry this is a negative sign. Therefore, traders who followed our recommendation can keep your stops at 0,194 Euro.
If the support of the channel is the case, try the cops again, to go in 0,265 euros upwards. The moving averages have flattened and the RSI is slightly in favor in the negative area, indicating an early consolidation.
LTC/USD
Litecoin has fallen to a new low for the year. Today, the price rose through the critical support zone at 43,773 Euro to 41,808 Euro and fell to a Low of 37,837 Euro. Since the price on the 13. November 44 Euro had fallen, triggered our recommended Stop-Loss.
If the bears prices 41,8089 Euro, the LTC/USD Pair set a lower goal of 35 euros and 28 euros.
will to jump If the cops on the other side try and over 43,773 Euro to climb, this to lower levels, which is positive. Currently, the digital currency is still negative. Therefore, we propose no trade.
ADA/USD
Cardano could not keep up with the 50-day SMA of the last five days and put on the seller. She fell easily under the support from the tight range of 0,06105 Euro and came close to the critical support at 0,05319 Euro, where some of the purchases occurred.
If the support for 0,05319 Euro breaks up, can the ADA/USD fall Couple on 0,03869 Euro. Currently, the bulls try to push prices above the value of 0,06105 Euro. If successful, the virtual currency remains in a range between 0,05319 and 0,07275 Euro.
XMR/USD
The sale of Monero was reinforced when he broke the immediate support at 88,892 Euro. It fell to an intraday low of 75,2527 Euro, where some purchases.
Currently, the XMR/USD is trying to climb a Few back on 88,893 Euro. In the case of success of the trade within the range will be continued probably.
If the rebound is, however, confronted with strong sales at higher levels, a re-Test of the 71-Euro levels within the next few days probably. The 20-day EMA is drifting downwards and the RSI has slipped into the negative range, which makes short-term advantage for the bears suspect. We recommend traders to wait until the prices stabilize, and the upward trend to show before taking Long positions.
TRX/USD
TRON broke below the lower end of the range, and fell close to the critical support at 0,01619 Euro. This level had already held twice, therefore, we expect the bulls to defend it again.
could fall If, however, the level of 0,01619 euros (UTC time frame) collapses, the TRX/USD at 0,00747 Euro on the next lower level.
If the support holds, extends the digital currency your stay between 0,01619 Euro and 0,02492 Euro.
The market data are taken from HitBTC exchange. The Charts for the analysis come from trading view.
