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The Martkdaten were provided by HitBTC exchange market.
valley Bottoms are formed in the case of a surrender of the market. After Bitcoin had the critical support of 5,900 $ steps, prompted investors to their stocks, fearing a complete loss of the investment to fall. For someone who does not believe in the future of crypto-currencies, and the was only because of easy money, could it be the Right thing.
For all others, the faith in the history of the Blockchain and crypto-currencies, is offering the current fall, however, a great opportunity to invest for the long term. In Soil formations, the prospects are very bad, and each message is seen as negative.
In such a news was reported about an investigation by the U.S. Department of justice to a possible Bitcoin Manipulation in the year of 2017 with the Stablecoin Tether. Although we believe that each regulatory step for the protection of small investors is positive in the long run, have not seen the markets this in the same way.
After the crash the cops now see a Chance to get back in the long term to enter. It is difficult to provide a low point to predict when the markets fear are taken. Therefore, we believe that it is better, before making a purchase try to wait until the markets show signs of stabilization.
The software companies after the dot-com bubble has not disappeared. After the financial crisis of 2007-2008, the world has not gone under. Likewise, this downturn will pass and the stronger crypto will go up currencies and investors to reward. You will need to be patient and wait for the markets offer us a relatively low-risk entry opportunity.
BTC/USD
Bitcoin crashed on the 20. November to a Low of 4,368 change,69 $. The decline in the last two days gives the impression of Panic selling by investors. In General, be formed after such liquidation round floors.
Both of these moving averages have moved down, which is a negative sign. The RSI has reached oversold levels, suggesting that sales were overdone and a Pullback is likely.
The cops could try to bring the BTC/USD Pair on the down line, which could prove to be a kind of roadblock. The down line should be exceeded, we expect that the bears will provide a strong resistance in the Zone of $5.450-$5.700.
The next break-in will give us a better view of the ground. If the bears tear the brand of 4.368,69 $, you could extend the drop up to $ 4,000 to and including the main support zone of 3,500 to 3,000$.
but Can defend the cops successfully, the brand of 4.368,69 $, increases the likelihood that this is the low point. It is difficult to determine the ground immediately. We can confirm a bottom only in hindsight.
XRP/USD
Ripple has appeared in the last autumn as one of the Outperformer. The crypto currency has strengthened their lead ahead of Ethereum, and the second most valuable Cryptocurrency in terms of market capitalisation developed.
The XRP/USD Pair support between the trend line and 0,40 $. Both moving averages remain flat, suggesting a sideways trade. On the other hand, the trademarks of $0,519 and $0,565 will act as Resistors.
If the bears push prices 0,40$, is a decline on 0,37185 $ and including up to 0,26913 $ probably. Although we are against the digital currency, which is relatively optimistic that we will wait for a new buying structure, before we suggest a trade.
ETH/USD
Ethereum has its decline at 20. November, expanded, and fell below the support of 136$. The RSI has reached oversold levels, which had previously always a Pullback. the
Currently, the bulls are trying from the brand of 126,20 $ to withdraw, and are expelled in 167,32 $ expected to be a strong resistance. The declining 20-day EMA is also likely to be a difficult hurdle.
Should drop the course during the next downturn under 126,20$, could extend the ETH/USD Pair fall to 110$. As the Trend wears off, we will wait until a new reliable Setup has established, before we recommend a Trade.
XLM/USD
Stellar broke out on 19. November from the ascending channel to the bottom was the next day, the break with another strong decline. The bulls managed to hold the critical support at 0,184$.
The current Pullback attempt is likely to be strong resistance at the support line of the channel and over to the down line.
If the bears let the XLM/USD Pair at 0,184 $ below the critical support, it could fall to the next support at 0,13 $ and including to 0.09$.
EOS/USD
EOS has the critical support of 3,8723 $ and is on 20. November to a Low of 3,4703 $ like. The RSI dipped in a strong oversold area, suggesting that the sales are overdone and a Pullback is likely. Currently, the bulls are trying to climb at $3,8723 again about the overhead resistance. If this is successful, it could extend the Pullback up to the mark of $4,493, which, in turn, could act as a strong resistance.
If the Pullback comes at $4,1778 to a standstill, will try the bear again, to press the EOS/USD Pair below the support at $3,8723. The falling 20 day EMA and the RSI is in the oversold territory, showing that the bears currently have the upper hand.
LTC/USD
Litecoin fell on 20. November to an Intraday Low of 31,78 $, which was just below our recommended support of just $ 32. The pattern target for a breakdown from the descending triangle is 29,653 $. We believe that the Zone between 32 and 29,653 $ will serve as a strong support.
As the Trend is declining, however, is any attempt a retreat during the 20-day EMA, which is trending downward, will encounter a stiff resistance. In addition, the next major resistance in the Zone of $47,246-$49,466.
We believe that the LTC/USD might try Some after such a strong decline, a low point in the current levels out. The trader should wait for a confirmed low point and a new buy-to-sign-off Setup, before you try to re-enter.
ADA/USD
Cardano has fallen in the last two days and achieved by our proposed support of 0,043722 $ and an Intraday Low of 0,041572$. The RSI is deeply fallen into the oversold area, suggesting that a Pullback is imminent.
The Pullback could carry the ADA/USD Pair up to the overhead resistance at $0,060105. The Trend is declining, however, so that any attempt to recover, is triggered when the previous support of 0,060105 $ and the 20-day EMA, which is trending down, again.
Should press the next slump in the price below the support at 0,041572 $, it could continue up to the next lower support at 0,025954 $.
XMR/USD
Monero is trying to find support near the level of 64,525$. The RSI has reached a deeply oversold level. We believe that the bulls will start a Pullback from current levels, we could wear the digital currency up to the overhead resistance at $81.
The bears are likely to try to push the XMR/USD Pair at $81 down. If the drives of the next slump in the exchange rate 64,525 $, could the decline up to 60 $ and including 46 $ expand.
Our bearish view is invalidated, if the bulls hold the mark of $81. Currently, there are no bullish patterns that indicate possible purchases, so it is best to remain on the sidelines.
TRX/USD
In the last two days has TRON the two critical supports of 0,0183 $ and 0,01587681 $. As the RSI on the 20. November fell close to almost 15, shows that the sales have been exaggerated and a recovery is likely.
In a declining market, any previous support acts as resistance after it is broken down. Therefore, we expect a rigid resistance at 0,01587681 $ and 0,0183 $. If the TRX/USD Pair from one of these levels turns you down, try the bears to push the price to the next support at $0,00844479.
If the cops can be reached within the next few days the mark of $0,0183, the current decline as a bear trap. We will wait for a trend reversal, before we propose a new Trade.
DASH/USD
Dash is currently trading within a descending channel. She has the critical support of 129,58 $ 19. November broken and the next day, a new 52-week Low at 98,01 $ reached. Currently, you will find at the lower end of the channel support. The bulls could try to push prices back above the resistance of 129,58$. If this is successful, it may extend the Pullback up to the upper end of the channel up to $160.
Since the DASH/USD Pair is in a downtrend, we expect a strong resistance at 129,58 $ and the 20-day EMA. Movement of the Support in 98,01 $ breaks, the next downside the next support lies at about $ 75. Traders should wait until the Trend reverses and a soil forms, before you open a Long Position.
The market data are taken from HitBTC exchange market. The Charts provided by trading view.
