22nd November Cryptocurrency Update..

  1. BTC/USD

If the downtrend line is crossed, we expect the bears to offer strong resistance in the zone of $5,450–$5,700. If the bears slice through $4,368.69, the fall can extend to $4,000 and below it to the major support zone of $3,500–$3,000. On the other hand, if the bulls successfully defend $4,368.69, the probability of it being the bottom increases.

  1. ETH/USD

The bulls are attempting to pullback from the $126.20 level, which is likely to face a stiff resistance at $167.32. If the next leg down breaks below $126.20, the ETH/USD pair can extend its decline to $110. Traders should wait for positive market inputs.

  1. XRP/USD

XRP/USD pair is currently finding support between the trendline and $0.40. On the upside, $0.519 and $0.565 will act as resistances.  if the bears sink prices below $0.40, a fall to $0.37185 and below that to $0.26913 is probable. Traders should wait for positive market inputs.

  1. EOS/USD

The EOS/USD pair below the support at $3.8723. If successful, the decline can extend to the next support at $3.

  1. LTC/USD

The zone between $32–$29.653 will act as a strong support.  The next major resistance will be in the $47.246–$49.466 zone.

 

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