From November 6, after rapid growth in most markets, altcoins are in a phase of correction. On the local minima of the prices that you find the points for consolidation of open long positions.
Market Ripple got support on news about the grid expansion plans in the UAE. In this session the bulls overcame the resistance of the sales at the level of a trend reversal $0,4795.
Daily high price November 5, fixed at around $0,4978. The resistance increase of the pair XRP/USD bears have formed the dynamic level line of the moving average EMA200 with the current value of $0,4976.
At the time of analysis of the market Ripple got support at the local level $0,4890. In case of deepening of correction of the upward movement, the next level, where buyers aktiviziruyutsya – $0,4780.
Data of the relative strength index indicates situational advantage bulls. It is expected that after short-term correction, buyers are once again attempts to break up the resistance level prices are $0,4976.
Recommended buy Ripple from the support level of $0,4780 with order $0,4890 and $0,5050.
The result of a three-day rally Bitcoin Cash became occupied by the bulls price range above the key resistance level of $553. In this session price BCH adjusted in the range of $584-542.
At the time of the market review Bitcoin Cash is listed at $559. Buyers managed to regain control of a key support level.
In that case, if the bulls manage to consolidate above $553, a pair of BCH/USD, probably before the end of this week will be traded in the sideways channel with the borders of $553 and $590.
Recommended buy BCH on the bounce of the price from the support level of $553 with targets of $573 and $590.
The rise of litecoin November 5, was limited to the sellers at the level of the moving average line EMA60 with the current value of $56,70.
Not having sufficient support of the market, the bulls are only at the level of a trend reversal stopped the rollback of the quotes from the local maximum of $56,36.
In the short term, the pair LTC/USD will depend on the outcome of the struggle of parties at the auction on lidoine for the key level of $53,40. There is a high probability that the bulls will hold the above level, and the pair LTC/USD for some time to trade in a sideways channel $56,00-53,00.
Buying LTC/USD are recommended from the level of rates $53,40 with order $54,80 $56,50.
Trading recommendations are not a reference to action. Following the recommendations, you assume all associated risk of loss.