Bitcoin saw its third worst drop of 2018 on Nov. 14, as it broke down to new year-to-date lows.
Prior to the breakdown, Bitcoin had entered a period of low volatility not seen in years.
Interestingly, not all cryptocurrencies have followed Bitcoin to new year-to-date lows.
05.The pullback from the intraday lows in the past two days shows that the lower levels are attracting buying.
Analysts will mention various lower levels that can be scary.
ETH/USDThe bulls are trying to keep Ethereum above the year-to-date lows of $167.32 from Sept. 12.
On Nov. 15, the price dipped to a low of $171.36, where buying emerged.
Any break of $167.32 will resume the downtrend, plunging the ETH/USD pair to the lower levels of $136 and $110. The 20-day EMA has started to turn down while the RSI is close to oversold levels, which shows that the bears have a firm grip in the near-term.
EOS/USDEOS broke below the support of $4.493 on Nov. 15, but buying at lower levels pushed prices back above it.
After breaking below the support at $47.246 on Nov. 14, it followed up with a new low the next day, which was close to our first lower target of $40. Though prices have bounced from the lows, the pullback lacks strength.
Bitcoin, Ripple, Ethereum, Stellar, EOS, Litecoin, Cardano, Monero, TRON, DASH: Price Analysis, Nov. 16
Published on Nov 16, 2018
by Cointele | Published on Coinage
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