The situation in the bitcoin market still determines the behavior of the share prices of the largest altcoins. The stabilization of the exchange rate of bitcoin will serve as a deterrent to bearish investors ‘ appetite towards alternative cryptocurrencies.
XRP/USD
The bulls on the market Ripple 20 November gave the sellers the key level at $0,4890. The breakout of the support at pivot level has led to a short-term decrease in quotations XRP/USD to $0,4118 on the first key level of support.
As before, the 14th of November, when the cryptocurrency markets covered the first wave of sales, bulls actively bought large amounts of Ripple. The activity of the bulls prevented the collapse of the cryptocurrency below the October lows of the price, and gain a foothold above the key support level of $0,4430.
However, the analysis of the four-hour chart XRP/USD indicates a descending short-term trend of the pair. The current price of scriptactive EMA100 below the moving average line of the trend indicator, in turn, increases the resistance of bears at the level of the pivot of $0,4890.
Values of relative strength index are on the border with the overbought line RSI14 is directed horizontally, indicating exhaustion of buyers and situational advantage bears.
Sale Ripple recommended only on a break of the key support level of $0,4146 with order $0,4000 $0,3840.
Entry points to the Ripple market with long positions can be determined after a bullish breakout price of $0,4890.
BCH/USD
On the trading platform Coinbase 21 Nov resumed bidding on a pair of BCH/USD. It should be noted that the Ticker BCH is assigned to the branch Bitcoin ABC which implies that the longer chain is regarded as a real Bitcoin Cash.
Bidding on BCH/USD opened at 01:40 GMT a quote of $275,00. Session low price BCH/USD is fixed at $210. As of 20:00 MSK, the cryptocurrency is trading at $263.
Short-term trend of cryptocurrencies descending in a consolidation phase. The direction of the line EMA100 confirms the downtrend in the market BCH.
Course the “new” Bitcoin Cash is far from stable, the General market decline, in turn, exacerbates the uncertainty of the market situation with BCH/USD. Currently, short-term transactions in the market of BCH are not recommended.
LTC/USD
The market of litecoin has a direct correlation with bitcoin and stabilisation of the largest cryptocurrencies will inevitably lead to the weakening of bearish pressure on the pair LTC/USD.
Session low prices litecoin is fixed at $32,18. From the local minimum quotes scriptactive rebounded and during the current trades the bulls keep the price of litecoin on the key support level of $34,14.
At the time of the review of the market of Litecoin is trading at $33,90, against another attempt of bears to break the daily support level.
The indicator line RSI14 is directed horizontally along the border with the overbought and tends to turn down. Break out of the boundaries of the oversold signals, the regular sale of litecoin.
Objectives for short positions at the LTC/USD that will be opened after confirmation of the break of the support— $33,00/$32,20/$31,00.
DASH/USD
Aldon Dash received the support of the market at the key level of $100,80. The minimum value of the price of bitcoin has reached 20 November at $95,24.
In this session the bulls on the market Dash made an attempt to partially restore the loss in value of the cryptocurrency. However, to overcome the resistance of bears on a dynamic level line EMA14 with a value of $109,70, at the moment, buyers don’t.
Sale in a pair of DASH/USD recommended from the current price level of $107,20, with goals of $103,90 $100,20.
Trading recommendations are not a reference to action. Following the recommendations, you assume all associated risk of loss.
.
