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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Market data are provided by the HitBTC exchange."data-reactid =" 28 ">Market data is provided by the HitBTC exchange.
Does a price collapse indicate the decomposing fundamentals of an asset class? In many cases it does, but the market usually gets the fundamentals of a wrong emerging technology, both short and long term.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "In May 1997, Amazon's share price was quoted at $ 18 Short-term expectations pushed him to $ 300 by December 1998 and from there they plummeted to $ 6 per share after the dotcom bubble burst, at which point the market was seriously underestimating its potential and not believers were claiming victory, the model has wronged everyone and Amazon has become the second company in history to achieve market capitalization $ 1 trillion. "data-reactid =" 30 "> In May 1997, Amazon's share price was $ 18. Short-term expectations brought it to $ 300 by December 1998 and from there fell to $ 6 for action after the dotcom dot bubble, the market was seriously underestimating its potential and non-believers were claiming victory. However, the model showed that everyone was wrong and Amazon became the second company in history to achieve a market capitalization of $ 1 trillion.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The entrepreneur blockchain and industry consultant, Vinny Lingham, he said a Cointelegraph: "Climate can change companies once again with solid use cases emerging from their development cycles, gaining traction and demonstrating valuable business value to make a difference." Precisely because prices have stalled, it does not mark the end of a class of activity. "data-reactid =" 31 "> The blockchain entrepreneur and industry consultant, Vinny Lingham, told Cointelegraph:" Climate can change companies once again with solid use cases emerging from their cycles development, gain traction and demonstrate a valuable business value to make a difference. "Only because prices have crashed does not signal the end of a class of activity.
Since the action on short-term prices is dictated by the technicians, we take a look at the charts and predict the likely price action.
BTC / USD
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "During the fall of a cascade, the support levels do not are respected, making fund provision difficult. Bankruptcies usually last only for about 1-3 days. Bitcoin attempted a recovery on November 21, which failed to $ 4,799.74. "data-reactid =" 34 "> During a cascade drop, the support levels are not respected, making it difficult to predict the fund.The pullbacks usually last only for about 1 -3 days Bitcoin has attempted a recovery on November 21st which has failed at $ 4,799.74.
<p class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Next, the BTC / USD the pair has resumed its bearish trend, making a new low. Both moving averages are down and the RSI is deep in the oversold territory. This shows that the sellers are in charge. "Data-reactid =" 55 "> Subsequently, the BTC / USD pair has resumed its bearish trend, making a new low.All moving averages are sloping downward and the RSI is deep in the oversold territory This shows that the sellers are in charge.
The immediate downside support is $ 4,100, below which the fall can extend to $ 3,500- $ 3,000.
Any attempt to recover will have to face a rigid resistance to the downtrend line and $ 5,000. Even if we want to use the current drop to buy, we believe traders should wait for a level to hold before starting any long position.
XRP / USD
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Ripple broke the uptrend line, which shows that it is also influenced by the negative sentiment. However, it remains well above its lows, which confirms its outperformance. "Data-reactid =" 59 "> Ripple interrupted the uptrend line, which shows that it is also influenced by negative sentiment, its minimums, which confirms its outperformance.
Moving averages started to decline and RSI fell below 40, which suggests that supply is exceeding demand.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The next downside support is $ 0.37185 and lower than that , $ 0.26913 XRP / USD the pair will indicate a consolidation if prices will rise rapidly above the uptrend line and the moving averages will flatten. For now, it is better to stay on the edge. "Data-reactid =" 85 "> The next downside support is $ 0.37185 and below $ 0.26913. The XRP / USD pair will indicate a consolidation if prices will quickly fall above the uptrend line and moving averages are flattened, for now it is better to stay on the sidelines.
ETH / USD
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Ethereum it is not finding buyers at higher levels. The pullback stopped at $ 141.91, which demonstrates a lack of buying support. "Data-reactid =" 87 "> Ethereum is not finding buyers at higher levels.The pullback has stopped at $ 141.91, which demonstrates a lack of buying support.
Currently, the bears are attempting to extend the decline to the next level of support at $ 110. Although all is possible in the markets, we believe that the oversold levels on CSR point to a probable withdrawal. We do not recommend trading on hope, therefore, we will have to wait for the creation of a new purchase configuration before suggesting any exchange in it.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The positive side, the ETH / USD the pair will face a stiff obstacle for $ 167.32. The 20-day EMA is also close to this level, making it a critical resistance to bulls' crosses. "Data-reactid =" 109 "> On the upside, the ETH / USD pair will face a stiff obstacle at $ 167.32. The 20-day EMA is also close to this level, making it a critical cross resistance for the bulls.
XLM / USD
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Stellar it's at a critical level. If bears support prices below $ 0.184, they will be negative and may lead to a new downward move. The lowest levels to look downward are $ 0.1547188 which is the intra-day low of March 18 and $ 0.138565, which is the daily intraday minimum of December 22 last year. "Data-reactid =" 111 "> Stellar is at a critical level If bears support prices below $ 0.184, it will be negative and may result in the start of a new downward movement. Lower levels to keep under control they are $ 0.1547188 which is the intra-day low of March 18 and $ 0.138565, which is the low-intraday hit on December 22 last year.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "On the contrary, if the bulls successfully defend the level of $ 0.184, the XLM / USD pair, it could return to the 20-day EMA and above it to the bearish trend line. We suggest traders to wait for a new purchase before entering long positions. "Data-reactid =" 132 "> Conversely, if the bulls successfully defended the $ 0.184 level, the XLM / USD pair could return to the 20-day EMA and above the downtrend line we suggest to traders to wait for the creation of a new purchase configuration before entering long positions.
EOS / USD
<p class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Although EOS broke the critical support at $ 3.8723, it did not crash. This shows some purchase support at the lower levels. The oversold reading on the RSI also indicates a recovery attempt. "Data-reactid =" 134 "> Although EOS broke the critical support at $ 3,887, it did not crash. This demonstrates lower-level purchasing support – reading on the RSI also indicates a recovery attempt.
If the bulls fall to $ 3,887, a shift to the downtrend line and above $ 4,403 is likely. The 20-day EMA is also near this level, so $ 4,493 will serve as the main block.
<p class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "If the EOS / USD the pair does not manage to rise above $ 3,887, it can go down to $ 3. We do not find any bullish model in development, so we are not proposing a trade in it. "Data-reactid =" 156 "> If the EOS / USD pair fails to rise above $ 3,88723, it may fall to $ 3. Find any rising upwardly developing models, so we are not proposing a trade in it.
LTC / USD
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The bulls tried to maintain support for $ 32 for the last three days, but they have not been able to push litecoin higher. "data-reactid =" 158 "> The bulls tried to keep support for $ 32 in the last three days, but they were not able to push Litecoin higher.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Again, the oversold levels on the RSI point indicate a probable withdrawal: on the upside, the LTC / USD the pair will face a stiff resistance to the 20-day EMA and beyond that in the $ 47.246- $ 49.466 zone. "data-reactid =" 179 "> However, oversold levels on RSI indicate a probable withdrawal The USD / USD will face a stiff resistance to the 20-day EMA and beyond that in the $ 47.246- zone. $ 49,466.
On the other hand, if bears drop prices below the support zone of $ 32- $ 29.653, the fall may extend to the next support at $ 20.
ADA / USD
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The pullback in Cardano it was not possible to scale the $ 0.05 level and the price returned to the $ 0.041 support. "data-reactid =" 182 "> Cardano's withdrawal could not scale the $ 0.05 level and the price returned to the $ 0.041 support.
<p class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "If the ADA / USD the pair breaks and stays below $ 0.041, it can slip to the next lower target of $ 0.025954. "data-reactid =" 203 "> If the ADA / USD pair breaks and stays below $ 0.041, it may slip to the next lower target of $ 0.025954.
On the other hand, if the bulls are able to rebound from levels close to the current ones, the digital currency will try again to come out of $ 0.05. If successful, the pullback may extend to $ 0.060105, which is likely to represent greater resistance because this is the previous support and the 20-day EMA is also close to this level.
XMR / USD
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Although the bulls attempted a pullback in Monero on November 21st and 22nd, they could not push prices above $ 72. As a result, the price has declined again. "Data-reactid =" 206 "> Although the bulls attempted a retreat to Monero on November 21st and 22nd, they could not push prices above $ 72. As a result, the price turned down once again.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "In this down leg if the XMR / USD the pair dives below $ 60, the fall may extend to the next support at $ 46. "data-reactid =" 227 "> In this leg down, if the XMR / USD pair falls below $ 60, the fall may extend to next support for $ 46.
If the virtual currency finds buyers at current levels, the bulls will try again to exit the $ 72 level. If this level is exceeded, the pullback can continue with the next environmental resistance of $ 81.
TRX / USD
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "TRON has not been able to overcome the previous resistance supporting $ 0.01587681 in the last two days. However, a small positive is that the bulls kept prices above the November 20 day minimum of $ 0.0122194. "Data-reactid =" 230 "> TRON could not exceed the resistance of $ 0.01587681 in the last two days, but a small positive is that the bulls kept prices above the $ 0 intra-day low of $ 20, 0122194.
We anticipate the bulls to make another attempt to rise above $ 0.01587681 and reach the next resistance of $ 0.0183.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "However, contrary to our expectations, if the TRX / USD the pair plunges below $ 0.0122194, the fall can extend to the next lower level of $ 0.00844479. "data-reactid =" 252 "> However, contrary to our expectations, if the TRX / USD pair falls below $ 0.0122194, the fall may extend to the next lower level of $ 0.00844479.
DASH / USD
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "dash continues to trade near the support of the descending channel. This shows that sellers have the upper hand. "Data-reactid =" 254 "> Dash continues to trade close to the support of the downtrend channel, demonstrating the fact that sellers have the upper hand.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Any interruption of the channel will be a negative development that can push the DASH / USD match the next $ 75 support. "data-reactid =" 275 "> Any interruption to the channel will be a negative development that may push the DASH / USD pair to support after $ 75.
If the channel support is valid, the bulls will attempt another withdrawal to resize the $ 120 levels and reach the next environmental resistance of $ 129.58. We believe traders should wait for a turnaround before starting any long position.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Market data are provided by the HitBTC exchange. The graphs for the analysis are provided by TradingView."data-reactid =" 277 ">Market data is provided by the HitBTC exchange. Analysis charts are provided by TradingView.
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