BTC/USD is being traded at $4,531 and continues the lateral correction. Nothing significant over the past trading day did happen, so all previous expectations remain in force. How long the current phase of the lateral movement will last is not quite clear. Volumes are not in a hurry to grow, so there is a chance that the consolidation will continue until the end of this week.
As part of the forecast for November 23, we can expect the continuation of the correction. The zone of the value justified for the continuation of sales has dropped a bit and is located at $4,815 – $4,666. Continuation of the fall is expected when the price is corrected to its marks, either as a one-time peak or after a smooth upward movement from current levels. The goal of further fall will be the mark of $4,000.
ETH/USD is being traded at $133.21 and continues to trade in a narrow correctional corridor. The last trading day was weak and non-informative, like the whole market. The price did not even attempt to at least some growth and all the time slowly fell. Probably before the continuation of the fall a small upward peak will be formed, to the area of highs of $141.75, or the price will also gradually rise to this area during the day.
As part of the forecast for November 23, we can expect the continuation of the correction and close correlation with the movement of Bitcoin, and therefore the probability of a new wave of sales remains high. The zone of the justified value of the asset has decreased slightly again and is located at $144.00 – $138.00. A continuation of the fall is likely to be initiated from this area. The fall target is $110.50, $100.00, $89.00 levels.
XRP/USD is being traded at $0.44082 and continues to be traded in a flat, consolidating at the upper limits of its lower range. This coin, unfortunately, for the last trading day did not demonstrate any dynamics that would have at least some alternative to the general mood of the market. This only serves as an additional confirmation that the coin has no more resources to continue to be stronger than the market, and the next movement will be completed with it. Since the price of this coin has not yet fallen, the potential for bears is huge here, and it is difficult to say at what levels the coin will find the new influx of forces to oppose the market. Unless, of course, this happens at all.
As part of the forecast for November 23, we can expect further consolidation in the area of the flat’s lower boundary. The level of interest has shifted down, close to the three-day support level of $0.43960. The array of limit orders for sale in the $0.45850 – $0.46070 area still remains, but since the area of prospective prices for sellers has shifted down and is now located at $0.45880 – $0.45050, it has no prospects to be realized if the fall continues without drawing rising pins. The immediate goal in the event of a fall after the market will be the level of $0.38500.
XMR/USD is being traded at $69.433 and continues to be in a rather narrow correctional accumulation. There is still nothing remarkable happened over the past trading day and all previous expectations are still in force. Local resistance still remains at $71.800, where a few days earlier the level of sellers’ interest was located. At the moment, the zone of the value justified for the continuation of sales has shifted slightly below and is located at $73.000 – $70.500. Probably, the continuation of the fall will follow from the marks of this particular area.
As part of the forecast for November 23, we can expect the continuation of consolidation in the range of $71.800 – $67.900. But do not forget about possible attempts to get into the area of $65.000 – $64.500 minimums for testing or forming a false breakdown, before the upward correction begins. Breakdown and consolidation below this area will mean the end of the corrective accumulation and the continuation of the downward movement. A confirmation of this will be the market itself, the movement of which, as before, will be decisive.