BTC/USDDuring a waterfall decline, support levels are not honored, making it difficult to predict the bottom.
Though we want to use the current fall to buy, we believe that the traders should wait for a level to hold before initiating any long positions.
Currently, the bears are attempting to extend the decline to the next support level at $110. Though anything is possible in the markets, we believe that the oversold levels on the RSI point to a probable pullback.
The lower levels to watch on the downside are $0.1547188 that is the intraday low of March 18 and $0.138565, which is the intraday low hit on Dec. 22 of last year.
Conversely, if the bulls successfully defend the $0.184 level, the XLM/USD pair, might pull back to the 20-day EMA and above it to the downtrend line.
Still, the oversold levels on the RSI point to a probable pullback.
On the other hand, if the bears sink prices below the support zone of $32-$29.653, the fall can extend to the next support at $20.ADA/USDThe pullback in Cardano could not scale the $0.05 level and the price is back at the support of $0.041.If the ADA/USD pair breaks down and sustains below $0.041, it can slide to the next lower target of $0.025954.
XMR/USDThough the bulls attempted a pullback in Monero on Nov. 21 and 22, they could not push prices above $72. As a result, the price turned down once again.
We anticipate the bulls to make another attempt to climb above $0.01587681 and reach the next resistance of $0.0183.However, contrary to our expectation, if the TRX/USD pair plummets below $0.0122194, the fall can extend to the next lower level of $0.00844479.
Any breakdown of the channel will be a negative development that can push the DASH/USD pair down to the next support at $75.If the support of the channel holds, the bulls will attempt another pullback to scale $120 levels and reach the next overhead resistance of $129.58.
Bitcoin, Ripple, Ethereum, Stellar, EOS, Litecoin, Cardano, Monero, TRON, Dash: Price Analysis, Nov. 23
Published on Nov 23, 2018
by Cointele | Published on Coinage
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