- The BTC / USD hits a minimum of $ 4,212 and the eyes $ 3,500 in the next days.
- The XRP / USD panic below $ 0.41 but it resumes $ 0.45 between high uncertainty.
- The ETH / USD marks a minimum a $ 125 and could move below $ 100.
If Hollywood creates the screenplay of what's happening on the Crypto Board, they would not have done better. When it seemed that the story had a hero called Ripple, untouchable and unchangeable for his environment, the scene begins where the hero savior on whom the Criptovalute civilization depended falls and exposes its weaknesses.
After a first attempt by BTC / USD al $ 5,000 the price level through the American session was rejected, a new attempt of hours later broke that level strongly and reached $ 4,600.
We have seen the same with ETH / USD, once practiced on a psychological level $ 150, has reached $ 137 in the Asian session.
In the short term, the indicators that we will see in the detailed analysis invite us to think about a possible short-term rebound in the next 24-36 hours. This rebound would start the graph rotation process in the daily interval. However, we will see new lows, levels unthinkable two weeks ago.
My personal opinion is that at that point, with practically all the weak and empty hands, strong hands will enter the market at full steam, buying a selection of goods that will probably leave some cryptocurrencies in the mud and raise the heads of others. However, the Crypto board will have changed hands, or whales, forever.
Do you want to know more about my technical configuration?
BTC / USD 240 minutes.
The BTC / USD is currently trading at $ 4,432 price level, drawing a chart that looks very scary. The decline is extreme and save a slight recovery after the piercing $ 5,000 yesterday, the return did not last long, and the sellers came back strongly.
The plumb takes away any level of purchase if there is anyone still in the market trying to take the falling knives. With this violence, it is very likely that any increase is simply a closure of short positions compared to a movement of real accumulation. The price reductions are in the early hours and there are still a few days left at Black Friday.
Below the current price, the first support for the BTC / USD is at the price level of $ 3.930 (support for price congestion). The second support waits for $ 3,250 (support for price congestion) and the third level of support a $ 2,900 (support for price congestion). These are levels that represent wild drops in percentage terms and which, if they occur, would raise a whole series of comments on the very survival of this market.
Above the current price, the first resistance to be consolidated at the current price level is $ 4,400 (resistance to price congestion). If the BTC / USD manages to hold and close above this level, it will start to consider it as a point of support for the first major withdrawal of the current bear storm. The second level of resistance is $ 4.918 (resistance to price congestion) and could stop the short bullish attempt made yesterday. The third level of resistance a $ 5.381, is a confluence of the long-term downstream channel line, a resistance to price congestion and a few dollars above the EMA50.
The 240-minute MACD shows a profile of strong bearish inclination and with very separate lines. The momentum continues to be strongly bearish and may still take some time to see a rebound of a certain intensity.
The 240-minute DMI shows how bears have absolute control of the situation. They show levels above the 50th level of the indicator, a level considered as a healthy trend. On the other hand, the bulls give up and move towards minimum standards that, if nothing else for the extremes, should react to the increase. The ADX responds to declines by increasing its trend level to levels not seen since December 2018.
XRP / USD 240 minutes.
Ripple is the hope that holds firm belief that there is a future in Cryptocurrencies right now, and seeing it precipitate has raised doubts throughout the Crypto ecosystem.
Below the current price, the first support is in the long-term trend line to be held in mid-September a $ 0.44. The second support a $ 0.429 (support for price congestion) would bring the XRP / USD out of its bullish scenario and into the same downside chaos scenario as Bitcoin and Ethereum. The third support a $ 0.413 (support for price congestion) would be the last hope for a decline $ 0.367 (support for price congestion).
Above the current price, the first resistance is at the price level of $ 0.48 (trend line that drives movement from the lows). If the XRP / USD can exceed this level, the second resistance a $ 0.505 (resistance to price congestion). The third level of resistance is a $ 0.584 (resistance to price congestion) holds the key to a strongly bullish scenario that it would aim to overcome $ 1 quite easily.
The 240-minute MACD has reduced the zero line, currently losing that important support and forcing to consider bearish movements in the near future. The opening between the lines is minimal for now. If the price were to rise, it would leave a divergent formation of a strong bullish component. On the contrary, price declines would accentuate the downside and we could see very strong declines.
The 240-minute DMI shows us that the bears are taking advantage of the ADX line, which would indicate a continuation of the fall in prices. The bulls decrease their activity but far from the minimum levels. ADX reacts to recent declines but in moderate trend levels.
ETH / USD 240-MInutes.
ETH / USD is currently trading at $ 132 price level after leaving the minimum decline in support of the $ 125 price level indicated a few days ago. I do not think that the drop will remain here, but it is possible that from this level there will be a small rebound in the next 24-36 hours.
Under the current price, the first support in the already commented level is a $ 125 (support for price congestion). The second support a $ 94 (support of price congestion), would break the mythical barrier of $ 100 and it would cause the titles of the best horror movies. However, this could just be the title since the terror would be in the third level of support a $ l & # 39; 80 (support for price congestion). In the modified FXStreet chart you can see more levels.
Above the current price, the first resistance is a $ 155 (resistance to price congestion). The second resistance is a $ 170 (resistance to price congestion). Finally, as a third resistance, the EMA50 a $ 178 meets the fourth resistance a $ 180 (resistance to price congestion).
The 240-minute MACD shows a very inclined downward profile with very open lines. This structure protects the continuity of the descents at least for today.
The 240-minute DMI shows us a similar situation to that seen in the BTC / USD. The bears go to the highest levels while the bulls retreat and show no intention of entering the game. For its part, ADX reaches levels never seen since December 2018 and supports the continuity of direction and strength of the movement.
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