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The market data is provided with the cryptobolse HitBTC.
After the first signs of recovery, the opinion is divided into the current withdrawal in the market. Some say it is only a time of recovery, while others think it is the beginning of a process of building bases that will create a new upward trend. Michael Bucella, from the firm of investments focused on Criminal Justice Coins BlockTower Capital, told CNBC that the most intelligent money began to invest.
However, Paul Donovan, UBS global economist general, said digital currencies can never be currencies and are "fatally weak". After the recent autumn, many question the longevity of disabilities. The progresses and the explosions of the past show that the active class begins between periods of extreme optimism and pessimism.
For not believers, this is not the space where you must be. However, for investors who believe in the long-term history of mutilated currencies, Ric Edelman, founder and CEO of Edelman Financial Services, believes that it is a good time to start buying Bitcoin.
Will we or anyone choose the right basic basis? No! Basic bottom can only be identified in retrospective. Therefore, merchants can scale in the position, gradually building a portfolio. See how virtual coins show shopping settings.
BTC / USD
Unlike our opinion, the decline in Bitcoin has not yet reached the Fibonacci level level of 38.2 percent of $ 4712.89. It was oriented down from $ 4471.1 on November 29. This shows that the bears did not want to wait for sale at higher levels.
There is less support in the line of small uptrend, under which a new test of the minimum can be at $ 3620.26. It is likely that the sale of the smaller years to date will give more sales, by dragging the BTC-USD-half at levels of $ 3000. This is an important level that must be preserved: a breakdown of it can fall to $ 2410.
However, we expect the area of $ 3,500 to $ 3,000 to be saved. Therefore, merchants, who have held long positions due to our recommendation, can support their positions. We will close the position, if we find that the bears are under $ 3500.
If the price highlights the current levels, you can move up to $ 4712.89 and $ 5050.4. We can add more positions, because the virtual currency is increasing to the north.
XRP / USD
Ripple activated our suggested level of purchase on November 28, but could not exceed $ 0.4. At present, the price has fallen and could re-test the intradible minimum of November 25.
The low tendency of the 20-day EMA and the RSI under 40 levels will continue to attract salesmen. Breakdown below the bottom line of support can fall to $ 0.24508. However, if the support is maintained, we anticipate a rating to the upper part of the range. Operators who have bought positions in our recommendation can support a loss of $ 0.3. Positions can be closed if the pair of XRP / USD is below $ 0.3.
ETH / USD
The highlight in Ethereum disappeared at $ 127.87. It lasts in bass trend, but during the past seven days it has been trading within the range of $ 130.5 – $ 102.2.
A breakdown in the range could face a small resistance on the 20-day EMA, but we expect it to pass through. The ETH / USD couple will face a strong resistance at $ 167.32 and if this level is passed, it will be in the 50-day SMA. We suggest that retailers wait until a sign of reversing the trend before trying long positions in the couple.
BCH / USD
Bitcoin Cash extended its stay in the narrow range of $ 204.76 – $ 148.27. The longer the price remains in the range, the stronger will be the potential growth or fall.
Both average averages have a lower tendency and the RSI is in the oversold zone, which shows that the bears are in charge. We anticipated a delay since the sale was strong and the pair of BCH / USD had been reversed. But the lack of buying and selling of the bears threatens a delay in the range.
If the price is below $ 148.27, the slide can be extended to the following $ 100 support. On the other hand, if the bulls support the lower part of the range and a delay of $ 204.76, we expect an increase of $ 242.9 and $ 272.14. Aggressive merchants can lift this movement, but because it is a business against the trend, keep the size of the small position.
XLM / USD
When support breaks, it becomes the new resistance. The stronger the support, the stronger the resistance. Stellar fell from the higher resistance of $ 0.184.
The bears will try to empty the minimum minimum of $ 0.1327050 and strengthen the XLM / USD pair at levels of $ 0.08. On the contrary, the bulls will try to protect the area between $ 0.1327050 and $ 0.1547188. We will be positive in the virtual currency if the price is over $ 0.184.
EOS / USD
EOS has a strong downward trend. After one day retired, the fall started again and the price reached new loss so far this year. The following support for disabling is $ 2.4.
The failure of the EOS / USD couple to leave the downstream line shows that the bears are in control. Operators must wait for the digital currency to be placed in the bottom and to show signs of stabilization before a long time passes.
LTC / USD
Litecoin remains in low tendency, with a decrease in decreasing trends and RSI in a negative area. The retirement stopped only above the levels of $ 36, which show a lack of purchase at the highest levels.
The bears will try to establish a new minimum so far this year, while the bulls will try to protect the current minimum. If the bears succeed, the LTC / USD pair can be corrected at levels of $ 20.
However, if the bulls use the current fall to buy and form a higher minimum, it will indicate strength. The digital currency will show the first signs of change in trend, if it is over the bass trend line. Until then, he remains vulnerable to a bear attack.
ADA / USD
The salesmen did not even wait for the recovery to reach the EMA for 20 days before downloading their positions. Cardano can retain the minimum amounts of $ 0.033065 in the coming days. If the bears break the support and get a new loss so far this year, the drop can range at levels of $ 0.025954.
On the other hand, if the bulls are able to maintain support, the pair of ADA / USD could start a basic basis. Changes in trend will be indicated when the price makes a series of higher and higher minimum. Until then, the basins will probably fall on any fold.
XMR / USD
The withdrawal in Currency was short. If the bulls fail to reach the first general resistance of $ 71, it indicates a lack of buying interest. The trend is firmly lower with moving averages on the slope and the RSI near higher levels.
Breakdown under the $ 53 levels will restart the downward trend and can reinforce the $ 1 million in the following support at $ 40. If the bulls protect $ 50 psychological support, they will indicate purchasing at lower levels and increase the likelihood of a basic bottom. Operators must wait for a new purchase configuration to be formed before starting any new position.
TRX / USD
The strong fall in TRON ended just over the 20-day EMA. At present, the bassists are trying to drive prices to fresh mines.
The trend is still lower and bearish has successfully defended the first level of resistance that shows salesmen are in charge. If the TRX / USD-pair sinks under $ 0.01089965, the following below is $ 0.00844479.
On the other hand, if the bulls are able to keep prices over the low price of November 25, the digital currency could enter consolidation. There are still no signs of tendency to overthrow.
The market data is provided with the cryptobolse HitBTC. The graphics for the analysis are provided by TradingView.