During the trading session on 1 December is expected to reduce the vast majority of the largest altcoins towards the November lows prices.
EOS/USD
At the time of the market review EOS the greenback is quoted at $2,9210. The price of cryptocurrency balances at the support level of $2,9200, after the short background to the market the wave of sales bears managed a false breakout to reach a new low price at $2,8068.
In that case, if the buyers manage to regain control of the price above $2,9200, there will be a technical possibility to stabilize the pair EOS/USD in the range of $2,9200-3,1100.
These technical indicators point to the depleted bulls. The current price of the EOS token EMA14 below the moving average, the index values of relative strength in sales and under the line pressure applied to the RSI indicator EMA14.
XLM/USD
During the current session, the bears stepped up the pressure on the pair XLM/USD. However, buyers are not only maintained the support of$0,1587 on a technical level, the correction rates of 14.8% according to Fibonacci, but also actively redeemed scriptactive. This, in turn, helped to bring the price above the dynamic level of the moving average line EMA14 with the current value on the price scale $0,1615.
At the time of market analysis Stellar to the United States dollar is trading at $0,1630 and there is a high probability that during the forthcoming session of 1 December, the bulls will test the resistance of sellers at $0,1720.
Recommended short-term buying XLM/USD $0,1615 with short stops and targets $0,1670 and $0,1720.
ADA/USD
Support price Cardano bulls had on the level of 9.0% of the price adjustment from the $0,0383. As of 21:15 GMT 30 Nov steam ADA/USD is quoted at $0,0394. The attempt of the buyers to recover the daily loss was met with resistance by the sales line moving average EMA14 with the current value of $0,0403.
The values of the index of relative forces are in the bearish area of the indicator, below the line EMA14, however, the indicator’s line is directed upwards, which indicates a sufficient high activity of buyers in the market.
IOTA/USD
After the session of the collapse of quotations IOTA below the key support level of $0,2970 buyers failed to consolidate above the dynamic support level $0,2930 which would consolidate sufficient volume to hold long positions.
Currently, the pair IOTA/USD is trading at $0,2858 amid mass profit fixings on-long
Daily low, the pair was fixed at $0,2771. There are high risks that the bears are still in the current session updates the session low price of IOTA.
It is expected that buyers are supporting the pair IOTA/USD will form at $0,2750.
Trading recommendations are not a reference to action. Following the recommendations, you assume all associated risk of loss.
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