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Market data is provided by the HitBTC exchange.
After a large-scale welfare break in the crypt-cell space, many have begun to doubt whether the asset class will survive or lose. Jeffrey Sprecher, Chairman of the New York Stock Exchange (NYSE), is positive about the future of the digital currency, saying their survival as an asset class is "unequivocal".
Bakt's CEO, Kelly Loefflie, was convinced that the platform's future contracts would help establish a reliable Bitcoin price for investors, unlike Bitcoin trades at different prices on various exchanges.
Nsdaq plans to launch Bitcoin futures up to Q1 2019, Bloomberg reports. Both developments in this large exchange show that there is a sufficient demand for Bitcoin trading after the current decline.
Many believe that opening a Bitcoin ETF can increase the demand for cryptographic culture. SEC chairman Jay Clayton said yesterday that the commission should improve market surveillance and custody before the regulator is satisfied with the Bitcoin ETF. Both issues are currently being solved in a variety of companies, increasing the likelihood of Bitcoin ETFs in the near future.
According to the World Trade Organization (WTO) report, Blockchain technology can increase international trade by 3 trillion lats by 2030. This technology will help reduce costs by eliminating barriers, increasing transparency and facilitating process automation.
Although Bitcoin SV has entered the top 10 cryptographic currencies, we have not yet included it due to the short trading history.
BTC / USD
On November 26 and 27, Bicotin made successive designs of a day's candle. Today, the waste was in the upward direction. The drawer may face slight resistance in the downward direction.
A rupture of strength can attract a pet's aggressive bull and a short coat. As a result, we have retained the advice we made on our purchase in our previous analysis. The top levels for upwards are $ 4,712.89 and $ 5,050.40.
If the BTC / USD transition does not find buyers at a higher level and shrink to end the support from $ 3620.26, the downward trend will continue, increasing the price to $ 3,000.
Although this trend has declined, we believe that the payload will be sharp and tradable, which is why we have advocated a long position.
XRP / USD
Ripple tries to depart from the descending channel support line. During the last fall, it has been exaggerated, as it is well above its annual and lowest levels, and the RSI did not even enter the sold area.
A break above $ 0,385 may result in a 20-day EMA transition that might conflict. If the two moving averages are crossed, the XRP / USD shift may form a channel resistance line. Traders can buy close (UTC time period) above $ 0.385 and save stop loss for $ 0.30. The goal is to reach USD 0.50. This is risky trading, so we recommend keeping the position close to 40 percent of the usual.
Contrary to our expectations, if the price drops and slides below $ 0.11123, a re-check of $ 0.24508 is possible.
ETH / USD
After finding support Ethereum is trying to hit $ 102.20. It has a small barrier of $ 123, above which it can form a 20 day EMA. As the trend is decreasing and both moving averages are down, we expect a strong bid for 20 days in the EMA area and $ 167.32.
If the next footer is less than $ 102, this indicates a potential bottom. However, if bears tired of ETH / USD below $ 102, the next negative support level is $ 83.
We believe that RSI overdrafts show that there is a possibility of drag. However, we do not see a reliable purchase setting, so we do not recommend selling them.
BCH / USD
Over the past three days, the consolidation of Bitcoin Cash has reached $ 204.76 – $ 148.27. In the last two days, doji candlesticks have also emerged, indicating indecisiveness. Such a situation is likely to remain for a long time. We should soon see a break or collapse.
In the event of a break, the autumn may be extended to the next aid of $ 100. However, given the exaggerated nature of RSI, we anticipate a transition to the top.
If the BCH / USD pair fades from $ 204.76, we expect the discount to be $ 242.90 and $ 272.14. Aggressive dealers can try to sell a controversial rally close to $ 205 for a UTC period. Stop loss can be kept at just under $ 147. It is risky trading, so we recommend using 40 percent of the normal distribution.
XLM / USD
"Stellar" is trying to release $ 0.143 million. It may face strong resistance in the area of 0.1547188 – $ 0.184.
Failure to climb over-the-touch resistance zones will attract sales that will push XLM / USD over until the November 25th fall. If the support is stopped, the drop may reach $ 0.08.
On the other hand, if the bulls are up to level 188, this indicates that the current fall was a trap. At this time, we do not see any growing models, so we do not offer sales in it.
EOS / USD
Although the EOS immersed below $ 3 support, bears were not able to keep the lower levels. Beekeepers are currently trying to pull up to $ 3.8723, but the virtual currency may face a slight resistance in the downward direction.
This tendency stays down. However, after the initial rebate, we expect the EOUS / USD pair to trade over the next few days in an effort to put the land. Traders need to wait for trend reversals to start long positions.
If the sales pressure on the upside down is strong and falls below the lowest of November 27, the reduction can reach $ 2.40.
LTC / USD
Litecoin is currently adjusting RSI readings that are too large. Recovery can reach the 20-day EMA, which is likely to act as the first barrier.
As the recession has been sharp, recovery could also be strong. The 20-day EMA LTC / USD pair can reach $ 47. Aggressive dealers can try to sell an anti-nominee rally, keeping tight breaks and targeting small targets.
Contrary to our view, if the fast rebound and bears continue to fall, the next negative support level is $ 20.
ADA / USD
Cardano on the 26th and 27th of November formed the following day's days, indicating no representation. Uncertainty has solved an upward point, which increases the probability of retraction.
The recovery will be a tensile impedance of 20 days for the EMA and above it for $ 0.060105. If the next round down from one resistance will brake below $ 0.033065, the downside may increase to $ 0.025954.
However, next fall, if the ADA / USD pair is lower, it will signal a trend shift. Marketers must wait for a reliable purchase setup before proceeding.
XMR / USD
On Montreux, on November 26 and 27, it supported $ 53.10. Buki is currently trying to pull off the obstacles of $ 71, 20 days EMA and $ 81.
If the pair of XMR / USD are disconnected from one of the overriding resistance and falls below 53 USD, the next aid is less than $ 40.
The next correction that follows the release will confirm whether there is a place at the bottom. We hope that the digital currency will launch within a few days before the start of the new upward trend.
TRX / USD
The drag of TRON has led to a touch resistance of $ 0.01587681. The 20-day EMA is located just above this level. We expect strong resistance at this level, but if the bulls get out of it, a rally is possible to $ 0.0183.
This should only be considered as a draw because the trend is down, as the moving average is down. The next drop will confirm whether there is a place at the bottom.
A break below the daily average of November 25th at $ 0.0189965 may drop TRX / USD over to the next support by phone .00844479. It is better to wait until the bottom is confirmed before a long position begins.
Market data is provided by the HitBTC exchange. Diagram analysis is provided by TradingView.