BTC/USDContrary to our opinion, the pullback in Bitcoin did not even reach the 38.2 percent Fibonacci retracement level of $4,712.
A breakdown of the year-to-date lows is likely to attract further selling, dragging the BTC/USD pair to $3,000 levels.
If the price bounces from the current levels, it can move up to $4,712.
XRP/USD. Ripple triggered our suggested buy level on Nov. 28, but it could not rise above $0.4.
The bears will try to breakdown the recent lows of $0.13427050 and plunge the XLM/USD pair to $0.08 levels.
The pullback stalled just above the $36 levels, which shows a lack of buying at higher levels.
If the bears succeed, the LTC/USD pair can correct to $20 levels.
If the bears break the support and make a new year-to-date low, the drop can extend to $0.025954 levels.
A break below the $53 levels will resume the downtrend and can plunge the XMR/USD pair to the next support at $40. If the bulls defend the psychological support of $50, it will indicate buying at lower levels and will increase the probability of a bottom formation.
The trend remains down and the bears have successfully defended the first resistance level, which shows that the sellers are in command.
Bitcoin, Ripple, Ethereum, Bitcoin Cash, Stellar, EOS, Litecoin, Cardano, Monero, TRON: Price Analysis, December 1
gepubliceerd op Dec 1, 2018
by Cointele | gepubliceerd op Coinage
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