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BTC / USD
BTC / USD is trading at $ 3,699 and continues to decline. Another reason for investor pessimism was the message that the mining giant Bitmain has lost over $ 740 million due to the support of the hard fork Bitcoin Cash. Against this background, the lows of the whole fall have been slightly updated. Probably in the short term, the cryptocurrency market will continue to fall in the current downward trend. It is also worth noting that in the area of $ 3,799 – $ 7,793 there was an accumulation of limit orders for sale. This is slightly below the technical "balance" zone. Remember that it is a dynamic area. Therefore, in the event of a refund of the price, the zone will be adapted to the area where the limit orders are now located. This coincidence could give the price a further downward acceleration. The price can reach $ 3,000 quickly.
As part of the forecast for December 7, we can expect a continuation of the downward trend. The signal area is at $ 3,900 – $ 3,840. This is a dynamic area of the "balance" of the asset for the following day. Starting from it higher or lower, the price will tend to return to this value. So, as it is now, it is lower, it is likely that the price will put it to the test again and then continue to fall to $ 3,650 – $ 3,550.
An alternative would be the development of an upward correction. For starters, the price will have to exceed $ 4,500 and reach the first goal of $ 4,740. Furthermore, we can expect growth in the resistance zone of $ 5,500- $ 5,000.
ETH / USD
ETH / USD is trading at $ 99.00 and continues to decline. During the last trading day, the price of the currency decreased by 9% and updated the annual minimum. Probably in the near future, the price will continue to fall. To change the situation, the currency must be set above the levels of $ 106.00 and $ 110.00. This scenario is unlikely in the near future. Now the currency is exchanged in the support area of $ 99.00. The following goals for the autumn are $ 95.00, $ 89.00 and $ 83.70. It is also worth noting that level-limit orders were placed on sale in the $ 102.53 area. This is slightly below the technical "balance" zone. Since the area is dynamic, in case of a price refund, it will be adapted to the area where the limit orders are now located. This could give further impetus to price changes.
As part of the forecast for December 7, we can expect a continuation of the decline within the trading range of $ 130.00 – $ 89.00. The reporting area is located at $ 107.00 – $ 104.45. This is a dynamic area of the "balance" of the price of the asset for the following day. Starting from it higher or lower, the price will tend to return to this value. So, as it is now, it is lower, it is likely that the price will put it to the test again and then continue to decline in the region of $ 95.00 – $ 89.00.
An alternative would be the development of an upward correction. For starters, the price will have to exceed $ 130.00 and earn a point of support above. So we can expect growth in the resistance zone of $ 150.00 – $ 155.00.
XRP / USD
The XRP / USD is trading at $ 0.34243 as part of a lateral corrective trend. On the last trading day, the currency lost 2.86%. Even the lows of the whole fall have been updated. At the same time, the information is slightly supported by the fact that the blockchain R3 consortium will be the first to add XRP to its platform. This platform will make international cryptocurrency payments for the obligations assumed in the Corda network. In the near future, the currency will continue to follow the atmosphere of the market. We look forward to continuing the development of the domino effect and a breakthrough of the three savings of $ 0.43000 – $ 0.32890.
As part of the forecast for December 7, we can expect a continuation of the decline. The signal area is at $ 0.34900 – $ 0.34315. This is a dynamic area of the "balance" of the price of the asset for the following day. Starting from it higher or lower, the price will tend to return to this value. So, as it is now, it is lower, it is likely that the price will re-encode it and then continue to decline in the area from $ 0.32500 to $ 0.31000.
An alternative would be the development of an upward correction. For starters, the price will have to exceed $ 0.40500 and reach the first goal of $ 0.43000. Furthermore, we can expect growth in the resistance zone of $ 0.5 million – $ 0.45000.
XMR / USD
XMR / USD was trading at $ 49.101 and continues to move into a bearish trend. The price of the currency continues to update its lows. Currently, there are no signs to stop the downward trend. The closest strong support is at $ 46,000. It has not been tested yet. We are waiting for quotes to find a new fund. Then, we will follow the possible signs both for the inversion of the trend and for its continuation.
As part of the 7 December forecast, we can expect the continuation of the downward movement. The signal area is at $ 53,900 – $ 52,400. This is a dynamic area of the "balance" of the price of the asset for the following day. Starting from it higher or lower, the price will tend to return to this value. So, as it is now, it is lower, it is likely that the price will put it to the test again and then continue to fall to $ 46,000.
An alternative would be the development of an upward correction. For starters, the price will have to exceed $ 65,000 and reach the first goal of $ 72,000. So we can expect growth in the resistance zone of $ 86,000 – $ 78,000.
