Cryptocurrency prices analysis and forecast – 21 November 2018

Cryptocurrency prices analysis and forecast – 21 November 2018
Cryptocurrency prices analysis and forecast – 21 November 2018

BTC/USD

BTC/USD is being traded at $4,579 and continues to fall. Over the last trading day, the coin continued its decline, but still found support at $4,411, from which it corrected upwards. Probably in the near future, we will see accumulation in the region of $5,050 – $4,500. Limit orders for sale in the area of $5,360 – $5,380 speak about the probability of corrective growth. This is slightly higher than the region of $5,200 – $5,000 justified for selling, but if at the moment the price rises to the area of limit orders, it is likely to cause a good impetus for further decline.

BTC/USD Forecast and analytics 21 November 2018
BTC/USD Forecast and analytics 21 November 2018

As part of the forecast for November 21, we can expect attempts to correct the price in the region of $5.050. Since the short correctional growth for the last trading day did take place, it may first push the prices for updating the current minimum of $4,411 drop. If the pressure is as strong as before, then the price can go to the psychologically important level of $4,000, and only after that start upward correction.

ETH/USD

ETH/USD is being traded at $140.49 and continues to fall. Against the background of the correction that has arisen, market participants began to massively place limit orders for sale in the $159.00 – $158.00 area. This area will play the role of resistance if the correction continues. The level of interest is in the $140.00 mark. As a result, we get a zone in which correctional accumulation is likely to occur unless of course, the general collapse in prices continues.

ETH/USD Forecast and analytics 21 November 2018
ETH/USD Forecast and analytics 21 November 2018

As part of the forecast for November 21, we can expect attempts to adjust to the zone of the justified value of the asset $160.00 – $153.00, from where it will be beneficial to start selling again. But even if a correction occurs, prices may first continue downward for some time by inertia, to the area of the current minimum of $127.00 and after that begin to correct upwards.

Alternatively, if a small increase, which we have already seen, is enough and Bitcoin continues to fall, you can expect the same from the current coin. The next target for the fall will be the level of $110.50.

XRP/USD

XRP/USD is being traded at $0.45478 and continues to stubbornly trade flat. This coin continues to look the most stable, but how long it will succeed is the big question. For the last trading day, the price at the moment updated the minimum of the whole falling $0.41930, but just as quickly returned to the flat range, where it is being traded at the moment. The level of struggle of interests of market participants is now at around $0.46000, just below there is another $0.44000. Between them, there is an established support zone now, breaking through will lead the price to the minima of the whole fall and, possibly, to the level of $0.38500.

XRP/USD Forecast and analytics 21 November 2018
XRP/USD Forecast and analytics 21 November 2018

As part of the forecast for November 21, we can expect attempts to regain lost positions and correct upwards if the general market trend is to stop falling. If Bitcoin itself does not go away for a correction in the near future, Rippl’s price drop to the lows of $0.41930 – $0.41184 will not take long to wait, since the resistance of the crypto market to the whole mood cannot last long. How the area of support will work once again and whether the price will remain within the flat area, contrary to the overall bearish trend, we will see tomorrow.

An alternative option is a price going below the support zone and fixing in the area of current lows. The breakdown of the level of $0.41000 will lead the price to support $0.38500.

XMR/USD

XMR/USD is being traded at $69.399 and is trying to correct after a two-day fall. At the moment, the price of the coin adjusted slightly less than 50% Fibonacci, from the last wave of decline and went down again. This may be enough to continue falling, but probably, in the near future, the price will take a more or less lengthy correction.

XMR/USD Forecast and analytics 21 November 2018
XMR/USD Forecast and analytics 21 November 2018

As part of the forecast for November 21, we can expect an update of the current minimum of falling and possibly testing the September 2017 low of $61.500. After that, most likely, until the end of the week we will see a corrective lateral movement, the boundaries of which are not yet formed at the given moment.

An alternative option is to continue falling and a breakdown of the level of $61.500, after which the target will be the level of $46.000.