Bitcoin, Ripple, Ethereum, Stellar, EOS, Litecoin, Cardano, Monero, TRON, Dash: Price Analysis, Nov. 21

Published on by Cointele | Published on

After Bitcoin broke below the critical support of $5,900, investors dumped their holdings, fearing a complete loss on investment.

ETH/USDEthereum extended its fall on Nov. 20 and broke below the support of $136. The RSI has reached deeply oversold levels, which previously resulted in a pullback.

The bulls have managed to hold the critical support at $0.184.The current pullback attempt is likely to face a stiff resistance at the support line of the channel and above it at the downtrend line.

If the bears sink the XLM/USD pair below the critical support at $0.184, it can slide to the next support at $0.13 and below that to $0.09.EOS/USDEOS broke below the critical support of $3.8723 and dived to a low of $3.4703 on Nov. 20.

If the pullback stalls at $4.1778, the bears will again attempt to sink the EOS/USD pair below the support at $3.8723.

The trend is down any attempt to recover will face a hurdle at the previous support of $0.060105 and at the 20-day EMA, which is sloping down.

TRX/USDIn the past two days, TRON broke below the two critical supports of $0.0183 and $0.01587681.

In a down trending market, every previous support acts as a resistance after it is broken down.

If the TRX/USD pair turns down from one of these levels, the bears will attempt to sink the price to the next support at $0.00844479.

If successful, the pullback can extend to the upper end of the channel, close to $160.However, as the DASH/USD pair is in a downtrend, we anticipate a strong resistance at $129.58 and at the 20-day EMA. During the next down move, if the support at $98.01 breaks, the next support is at $75. Traders should wait for the trend to reverse and a bottom to form before initiating any long positions in it.