The development of the situation in the markets altcoins will mainly depend on the trading situation on the market of bitcoin in the next 24 hours.
After growth of quotations during the last trading session, today, Ripple is reduced in the direction of the previously confirmed support at the technical level of the price correction 78,6% of Fibonacci with a value on the price scale $0,3630.
It was expected that the bulls will test the resistance of the sales at the dynamic level of the moving average line EMA14 prices are $0,4170. However, at $0,4000 buyers felt the growing pressure of sales, which has led to decrease in quotations to $0,3726.
At the time of the review of the market the pair XRP/USD is trading on a weak support level of $0,3800. In the case of breakdown of the support price will update the session low and will drop at least to $0,3630.
At the auction on the Bitcoin Cash November 26 for the bulls remains an insurmountable resistance sellers of an asset at the level of a trend reversal – $201,30.
On the local mirror $180,00 price BCH received temporary support. However, in the case of strong bearish General market trends probable break of the support and decrease in quotations of the instrument to the key level of $152,80.
Lowering the signals on the Bitcoin market Cash enhance data relative strength index RSI14. Indicator values in the area of sales, the RSI line tends to turn down.
Sale paired BCH/USD possible breakout of the support $180,00 with order $167,50 $153,00.
More than 24 hours, the bulls of litecoin on the market keep quotes cryptocurrency above the level of a trend reversal $34,00. However, against the backdrop of strengthening General market trends are bearish, selling pressure feels and the pair LTC/USD.
On the four-hour chart formed a bearish pattern of “descending triangle” with the lower border at the level of the pivot of $34,00. target price to exit the graphical figures is expected in the region of its values $30,00.
To reverse the bearish trend in the short term, buyers will be able to, but a foothold above the level of the price of $36,00.
Sale of litecoin is recommended on the breakout of the lower boundary of the descending triangle with the goals of the $31,80/$30,00/$28,50.
Dash is traded on the approaches to the key level of $100,60. Support to quotations render EMA14 moving average at $94,50.
Thus, the direction of the exit price beyond the current price range will determine the direction of trade in the upcoming session on November 30.
Indicator data RSI14 enhance-enhancing signals in the short term on the market Dash. The RSI held in the purchasing area, and the line has a tendency to turn upward.
Trading recommendations are not a reference to action. Following the recommendations, you assume all associated risk of loss.