In the course of the session, prices of most major altcoins overcome key support levels. At the moment the risks of a collapse of the global stock market has increased substantially.
XRP/USD
The bulls on the market Ripple, despite the increasing bearish General market trends, kept quotes cryptocurrency above the key level of $0,5048.
At the level of local lows of the price support pair XRP/USD has had a moving average EMA60/ the current value of the trend indicator – $0,4940.
At the time of the review market Ripple against the greenback is quoted at $0,5080. Buyers XRP develop the pair in the upstream direction.
It is expected that $0,5120 sellers will resist the growth of scriptactive. In the range of $0,5120-0,5180 that you find the points to enter the market with short sales Ripple. Probable targets for short positions $0,5100/$0,5050/$0,4946.
BCH/USD
A wave of fixation of profit on long positions in the Bitcoin market Cash has led to a deeper price correction scriptactive. The bulls have lost an impact on the price above the key level of $595.
At the time of the review of the market the pair BCH/USD is quoted at $570. On the four-hour chart the pair formed a reversal pattern “head and shoulders”. The price broke through the base figures prices are $580.
It’s probably just another rebound of the quotes from the line “neck” shape will lead to a deeper decline of the pair BTC/USD.
It is expected that temporary support Bitcoin Cash the bulls will have the dynamic level of $542. Exit rates after reversal patterns, according to the theory, can reach $500.
LTC/USD
During the current session, the buyers attempted to regain control over the price of litecoin is above the level of a trend reversal $53,00.
The result of the test of the resistance at the level of the pivot was the collapse of quotations at $51,64.
The price movement indicates a sharp increase in bearish sentiment in the market Litecoin. The next level where customers can be activated, is around $50,90.
In the medium term is expected to fall in LTC/USD to the key support level of $49,80.
DASH/USD
Price Dash on November 9 broke through the support level of a trend reversal $161. At the time of the review of the market the pair DASH/USD is quoted at $160. Resistance at pivot at the moment enhances the moving average EMA60.
RSI14 indicator data indicate a high probability of further decline in prices of Dash.
It is expected that the next support for the price of the asset buyers will have on the local level, $157.
Trading recommendations are not a reference to action. Following the recommendations, you assume all associated risk of loss.
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