26 Nov - Crypto Tehnicals & Market Watch
( By Shivkumar )
If Bitcoin (BTC) rises above $7,337.78, it can rally to the $ $ 8074, from where we expect the prices to turn down once again. If the BTC/USD pair fails to rise above the resistance zone of $7,337.78 to $7,702.87, it will indicate a lack of buyers. If these levels break $6,512.01 next support level $5,533.90.A good buying opportunity for both traders and investors, we would wait for the decline to end and a reversal to be formed.
ETH is currently attempting a pullback from $131.484 levels. We expect the pullback to face resistance at $151.829 and above it at the $ 169. If the price reverses direction from the overhead resistance and slumps below $131.484, a drop to the next support at $120 is possible. If the price quickly climbs and sustains above $151.829, it will indicate that the current fall was a bear trap. We will wait for the price to sustain above $151.829 before turning positive.
XRP made a new lifetime low of $0.20041, which is a bearish sign, a rally to $0.31508 is possible. If the next dip plummets below $0.20041, the XRP/USD pair will resume its downtrend and can decline to $0.18.We suggest traders remain on the sidelines.
The bulls have been defending the critical support at $203.36 for the past three days. If the price turns down from the $ 245 and plunges below $192.52, the downtrend will resume and a decline to $166.98 is possible. However, if the next dip holds above $203.36, it will confirm a bottom. We will wait for the confirmation of a bottom before proposing a trade.
Disclosure: The author holds no cryptocurrency at the time of writing.
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