BTC/USD is being traded at $5,966 and is currently trying to stay in correction. The coin finally went to $6,000, which has long been sought. We repeatedly wrote that all these sudden impulse movements upwards are empty manipulations. It was especially good to be seen on October 31, when the price was literally not allowed to go to the marks on which it was now. It was unlikely that anyone would be able to predict the date of today’s fall. Now there will be a struggle for the level of $6,000. The further movement of quotations will largely influence whether it will remain support or become resistance area.
As part of the forecast for November 15, we can expect correction attempts. Although the market went according to the negative scenario now, the local support for $5,860 is being held for now. But there is still much to fall, at least to $5,760. In any case, we are waiting for the correction now, and probably for the update of the current minimum.
An alternative option is the impulse growth of quotes with a target of $6,300.
ETH/USD is being traded at $184.89 and, like the previous coin, is in correction after the fall. There is no strong bounce yet, and the price has not yet reached the level of $170.00. Probably we will be able to see this figure after the end of the current correction.
As part of the forecast for November 15, we can expect the continuation of the correction and further updates of the current minimum, with a goal of $170.00.
The alternative is a pulse increase after the end of the current correction and the return of the price to the level of $200.00.
XRP/USD is being traded at $0.45379 and is in correction after the fall. The coin has been trying to “hold on” for a long time, but the fall of Bitcoin below $6,000 has taken it away. Support has worked well, and the minimum has remained far below. Probably Ripple will be one of the first coins that will restore its position despite the movement of Bitcoin. But this will not happen very soon, there are a correction and retest of support levels ahead.
As part of the forecast for November 15, we can expect a corrective movement and attempts to go down to the retest of support levels of $0.43000 and $0.41500.
Alternatively, strong growth and return to the level of previous prices in the $0.50000 area.
XMR/USD is being traded at $105.970 and is trying to stay in correction, like all the previous ones. The price of the coin fell exactly to the upper boundary of the demand zone of $85.000 – $75.000. This zone came into effect on August 14, after strong pressure on XMR/USD sales from the end of July. The price then fell to a whopping 48% over the period, from about $149.000 to $76.000, so there is still much to fall to.
As part of the forecast for November 15, we can expect a correction and in the future update of the current minimum. Buyers are unlikely to be interested in current prices, given the perspective of the levels of $80.000 and $75.000. In a positive scenario, it is from this zone that we will be able to see good impulses for the long-term upward trend.
The alternative is a strong increase from current levels to the psychologically important level of $100.000.