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BTC / USD
BTC / USD is trading at $ 4,198 and continues to remain within the correction. In November, the price of the currency fell to 37%. This was the worst monthly figure since 2011. At the moment, the currency is traded on solid volumes. This suggests that the market is relatively involved in spot trading. This reduces the likelihood of high volatility that appears in the case of low volumes. Now market participants are preparing for the start of 2019 and are actively gaining positions. The background of the news promises that the first quarter of 2019 will be exciting. Therefore, in January the Bakkt trading platform will be launched by the Intercontinental Exchange. Bakkt bitcoin futures differ from those already existing with their physical calculations. This means that after the contract expires, customers will receive Bitcoin directly instead of the cash equivalent. Nasdaq also plans to open a Bitcoin futures market in the first quarter of 2019. In the rest of the current year, it is likely that the currency will remain in the apartment or fall even further down, from where growth will be more promising.
As part of the December 3 forecast, we can expect continued correction within the trading range of $ 4,500 – $ 3,600. The signal area is now very narrow, so mark it with the price level of $ 4,180. This is the level of the "balance" of the price of the asset for the next day. The price can both move up and down from it. It is currently practically on top of it, so before the prices go to the bottom of the trading range $ 3,800 – $ 3,600, a slight rebound is possible.
An alternative would be the continuation of the development of a complete correction towards the top. For starters, the price will have to exceed $ 4,500 and reach the first goal of $ 4,740. We can expect growth in the resistance zone of $ 5,500- $ 5,000 afterwards.
ETH / USD
ETH / USD is trading at $ 117.75 and is in a fairly tight build-up. Technical analysis says that bears have not finished sales yet. Therefore, the current accumulation could be exactly bearish. This can bring the price under $ 100.00 and form the lower limit of the apartment in the region of $ 89.00 – $ 83.70. This area is not yet fully formed. Time limits are $ 130.00 – $ 100.00. Do not forget the $ 99.00 level. There is a strong dynamic support. The market is unlikely to lack the market below this level. Therefore, there is the possibility of forming the lower boundary of the trade corridor in this particular area.
As part of the forecast for December 3, we can expect the continuation of the formation of the current accumulation. The signal area is now very narrow, so mark it with the price level of $ 117.85. This is the level of the "balance" of the price of the asset for the next day. The price can move both upwards and downwards. Currently, the price is practically on this level and a slight upward rebound is possible before the quotations reach the bottom area of the local trading range of $ 105.00 – $ 100.00.
An alternative would be the continuation of the development of a complete correction towards the top. For starters, the price will have to exceed $ 130.00 and earn a point of support above this level. We can expect growth in the resistance zone of $ 150.00 – $ 155.00 after.
XRP / USD
The XRP / USD is trading at $ 0.37149 in a fairly tight build. In the last days a very tight accumulation has formed. Its range is $ 0.38650 – $ 0.35500. It is within the second largest accumulation of $ 0.40770 – $ 0.34590. And the second accumulation is within an accumulation still greater than $ 0.43000 – $ 0.32890. A breakthrough of the current narrow range will lead to a domino effect and an interruption in the same direction as the two larger ranges. As a result, we get a continuation of the correction towards the top or a fall to the new lows. After that, the boundaries of the next apartment will form. At the moment, its time limits are $ 0.43000 – $ 0.33000.
As part of the forecast for December 3, we can expect the continuation of the formation of the current accumulation. The signal area is very narrow, so we mark it with a price level of $ 0.37400. This is the area of the "balance" of the price of the asset for the following day. The price will tend to return to this value. Given that now the price is lower, there is the probability that the price will return to it again. Quotes are likely to fall in the lower area of the local trading range of $ 0.34500 – $ 0.33500.
An alternative would be the continuation of the development of a complete correction towards the top. For starters, the price will have to cross $ 0.40500 and go to the first goal of $ 0.43000. We can expect growth in the resistance zone of $ 0.5 million – $ 0.45000 thereafter.
XMR / USD
XMR / USD is trading at $ 60.507 in a fairly tight build. This range of $ 63,100 – $ 56,000 will be discontinued soon. One of the postulates of the market says: "The movement will continue rather than change". Therefore, the continuation of the downward trend is a priority. Furthermore, the effect of their actions is much larger. So the bears continue to hold their positions. Since this currency has repeatedly proved to be a precursor of the future movement of the entire market, it must be carefully observed. It is possible that this time the coin is the first to show in which direction to expect further movements. The closest strong support level is $ 46,000. Perhaps the price will find support for higher values. The current boundaries of the temporary trading range are $ 65,000 – $ 54,000. In the future, it can expand up to $ 72,000 – $ 46,000.
As part of the forecast for December 3, we can expect the continuation of the formation of the current accumulation. Solving the situation probably will not take long. The signal area is very narrow, so we mark it with a price level of $ 60,200. This is the level of the "balance" of the price of the asset for the next day. The price can go up or down. For now, the price is pretty much on it, so a slight rebound is possible upward before the quotations reach the bottom area of the local trading range of $ 54,000- $ 53,000.
An alternative would be to continue developing a complete correction towards the top. For starters, the price will have to exceed $ 65,000 and reach the first goal of $ 72,000. We can expect growth in the resistance zone of $ 86,000 – $ 78,000 thereafter.
