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Monday

30 November 2020

Price analysis 11/18: BTC, ETH, XRP, LINK, LTC, BCH, DOT, BNB, ADA, BSV

Price analysis 11/18: BTC, ETH, XRP, LINK, LTC, BCH, DOT, BNB, ADA, BSV


smart summary beta

Ether (ETH) inched above the overhead resistance at $488.134 today but the bulls could not sustain the breakout.

However, if the bulls do not allow the price to dip below the 20-day EMA ($442), it will suggest accumulation at lower levels.

If the price consolidates near the overhead resistance, it will increase the possibility of a break above it.

On the other hand, if the bears sink the price below the 20-day EMA, it will suggest that the momentum has weakened.

This suggests that the bears are attempting to sink the price back below the breakout level.

Conversely, if the bulls manage to sustain the price above the breakout level of $13.28, the pair could start its journey towards the target objective of $19.2731.

The upsloping moving averages and the RSI above 59 suggest that bulls are in command.

On the contrary, if the bears sink the price below the immediate support at $68.9008, it will suggest that the momentum has weakened.

A break below the 20-day EMA ($62.92) could signal that the bears have made a strong comeback.

This is a negative sign as it suggests that the bulls are not able to absorb the selling by the bears and push the price higher.

The price has broken below the moving averages and the bears will now try to sink the BCH/USD pair below the immediate support at $242.

The bulls failed to propel Binance Coin (BNB) above the $27.30 to $28.97 range today as the price turned down from the overhead resistance.

Soon, the BNB/USD pair will either break above or below the range.

Conversely, if the bears sink the price below $27.30, the pair could retest the critical support at $25.6652.

This suggests that the bears are defending this overhead resistance.

However, if the ADA/USD pair does not dip back below the downtrend line, the bulls will once again try to propel the price above the overhead resistance.

The bears are currently trying to sink the BSV/USD pair back below the downtrend line, while the bulls are attempting to achieve a close above it.

The next trending move could start after the pair breaks above or below the $181 to $146 range.

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cointelegraph.com
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