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Market data is provided by HitBTC cryptobolite.
After the first signs of recovery, the idea is divided into current withdrawal on the market. Some say it is only a temporary recovery, while others believe that this is the beginning of a foundation-building process that results in a new upward trend. Cryptocurrencies One of the investment companies focused on BlockTower Capital, Michael Bucella, told CNBC that the most smart money is investing.
However, Paul Donovan, chief global economist at UBS, says that digital money can never be coins and is "fatally flawed." After the autumn, many people question the longevity of crypto money. Past rises and deployments show that the new class of assets is released between extreme optimism and pessimism.
For non-believers, this is not the area that should be. However, for investors who believe in the long-term history of crypto money, Edelman Financial Services' founder and CEO believes that Ric Edelman is a good time to start buying Bitcoin.
Will we or someone choose the exact base fund? No! A basic fund can only be defined retrospectively. For this reason, traders can gradually scale in position by creating a portfolio. Let's look at how virtual currencies show purchase configurations.
BTC / USD
In contrast to our opinion, the drop in Bitcoin is down to the Fibonacci retracement level of $ 4712.89. did not even reach a level. On November 29th, it was directed down from $ 4471.1. This shows that the bears do not want to wait at higher levels of sales.
There is less support in the small uptrend line, under which a new test is possible from $ 3620.26. It is likely that the lowest break of the year will sell more and bring the BTC / USD pair to $ 3000. This is an important level to be sustained: a result of which may fall to $ 2410.
However, we expect the protection of $ 3,500 to $ 3,000. Therefore, traders who have long positions due to our recommendation can maintain their positions. If we find that the bears are under $ 3500, we're gonna close the situation.
If the price rises from current levels, $ 4712.89 & # 50; and $ 5050.4 & # 39; You can go up to. As the virtual currency increases in the north, we can add more positions.
XRP / USD
Ripple has activated our recommended purchase level on November 28, but did not exceed US $ 0.4. At this time, the price has fallen and November 25 may retest intra-day abortions.
The downward trend of the 20-day EMA and RSI will continue to attract sellers. A break below the downline support line may drop to $ 0.24508. However, if the support continues, we expect a retreat to the top of the range. Operators with the position purchased in our recommendation can maintain a loss of $ 0.3. If the XRP / USD pair remains below $ 0.3, the positions can be closed.
ETH / USD
The return to Ethereum disappeared at $ 127.87. This downward trend continues, but for the past seven days it is trading in the range of $ 130.5 – $ 102.2.
A break in the range may face little resistance in the 20-day EMA, but we expect it to pass. The ETH / USD pair will face strong resistance from $ 167.32 and will be in the 50-day SMA if this level has passed. We recommend that traders wait until a sign is found that the trend is reversed before trying long positions on the pair.
BCH / USD
Bitcoin Cash extended the narrow stay in the range of $ 204.76 – $ 148.27. The longer the price is, the more powerful it will be, the higher it will rise or fall.
Both of the moving averages have a downward trend and the RSI is in the oversold territory, indicating that the bears are responsible. We've been expecting a break since the sales are strong and the BCH / USD pair is over-sold. However, the lack of buying and selling by bears threatens a break in the range.
If the price falls below $ 148.27, the slide can be extended to the next $ 100 support. On the other hand, if the bulls keep the lower part of the gap and a break of $ 204.76, we expect an increase of $ 242.9 and $ 272.14. Aggressive traders can increase this movement, but because it is a trade in the face of the trend, the size of the position is small.
XLM / USD
When a support is broken, there is new resistance. Stronger support, stronger resistance. Stellar fell from the top resistance of $ 0.184.
The bears will try to sink the last $ 0.21327050 and will raise the XLM / USD pair to $ 0.08. On the contrary, the bulls will keep the region between 0.1327050 and 0.1547188 $. If the price stays above the US $ 0.83, we will be positive in the virtual currency.
EOS / USD
EOS has a strong downward trend. After a day was taken, the fall started again and this year so far the price has reached a new level. Downward support is $ 2.4.
The fact that the EOS / USD pair could not get out of the trend line shows that the bears are under control. Operators should wait for digital money to be placed in a fund and show signs of stabilization in a long time.
LTC / USD
Litecoin is in a downward trend with its moving averages in the downward trend and the RSI in the negative region. Withdrawal stood just above the $ 36 level, indicating a lack of purchasing at the highest levels.
The bears will try to create a new minimum so far this year, while the bulls will try to defend the current minimum level. If the bears are successful, the LTC / USD pair can fix up to $ 20.
However, if bulls use the current drop to buy and build a higher minimum, this will show the strength. If digital currency remains above the downward trend, it will show the first signs of change in the trend. Until then, it remains vulnerable to a fall attack.
ADA / USD
Sellers didn't even expect to wait to reach the 20-day EMA before lowering their positions. Cardano can retest the last $ 0.033065 in the coming days. If the bears are breaking support and have reached a new low level so far this year, the decline may be as high as $ 0.025954.
On the other hand, if the bulls can maintain support, the ADA / USD pair can initiate a base funding process. A change in the trend will be shown when the price generates a series of higher and higher minimums. Until then, bass players are likely to make any folding.
XMR / USD
The withdrawal in Monero was short. If the bulls don't reach the first overall resistance of $ 71, it shows the purchase indifference. The slope holds the moving averages downward, and the RSI holds downward as close to oversold levels.
A break below the level of $ 53 will keep its downward trend and reduce the XMR / USD pair to the next support at $ 40. If the bulls defend $ 50 to support psychological support, they will show lower levels of purchases and increase the likelihood of a basic fund formation. Operators should wait for a new purchase configuration to be created before starting a new position.
TRX / USD
The strong drop in the TRON ended just above the 20-day EMA. At the moment, bassists are trying to push prices down to the last low levels.
The trend was still on the decline and the downward trend successfully defended the first resistance level for which the sellers were responsible. If the TRX / USD pair is below $ 0.01089965, the next downwards target is $ 0.00844479 & # 39 ;.
On the other hand, if the bulls are able to stay above the low price of 25 November, the digital currency may enter a consolidation. Still no sign of reversing a trend.
Market data is provided by HitBTC cryptobolite. Charts for analysis are provided by TradingView.