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Cryptocurrency prices analysis and forecast – 26 November 2018

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BTC/USD

BTC/USD is being traded at $4,072 and continued the fall. In one week, the cryptocurrency industry lost more than $ 50B. Bitcoin fell by more than 40% in less than two weeks. Over the past weekend, the price has fallen below $4,000 and now it is near the resistance level. The current correction came very close to it from below. Probably in the near future, we will see a fight for this level, which may cause a flat movement. However, neither technical analysis, nor volumes, nor the price itself shows any reversal signals on which to rely. The next support levels will be $3,600 and $3,000. One cannot count on a quick and steady rise from them, it should be at least some upward correction in the market. If this does not happen in the next 2-3 weeks, you can forget about the crypto trading and start to prepare for the Christmas and New Year holidays. For that period the market should be in a sideways trend.

BTC/USD Forecast and analytics 26 November 2018
BTC/USD Forecast and analytics 26 November 2018

As part of the forecast for November 26, we can expect the continuation of the current correction and a bearish trend. The zone of a justified value of the coin is located at $4,250 – $4,090. This area plays a signalling role. At the moment, the price has already reached these levels. Now you need to follow its behaviour. In the case of a rebound or the formation of bearish signal patterns, we can expect a further fall, to levels of $3,600 and $3,000. And in the event of further development of corrective growth and the breakdown of this area, the target will be the mark of $4,740.

ETH/USD

ETH/USD is being traded at $113.92 and is adjusted after the fall. Over the past 7 days, according to CoinGecko, the coin has lost 38.6%. All that now separates it from the zone where there are no historical levels of support, an area of ​​low interest is the mark of $100.00. It is worth remembering that in January 2017 the coin was trading at $10.00, but most of the Ethereum holders either do not know or prefer not to recall this fact. The rate then rose from the range of $40.00 – $60.00 to $120.00 in less than 2 days in April 2017 without any difficulties. The breakdown of the psychologically important level of $100.00 can easily provoke a return to the price of $40.00 – $60.00.

ETH/USD Forecast and analytics 26 November 2018
ETH/USD Forecast and analytics 26 November 2018

As part of the forecast for November 26, we can expect the continuation of the current consolidation, for further movement in one direction or another. The zone of a justified value of the asset is located at $122.70 – $117.20. This area will play a signalling role. If during the current corrective consolidation the price again reaches these levels, it will be necessary to monitor its behaviour. In the case of a rebound from it or the formation of bearish signal patterns, we can expect a further fall, to the levels of $100.00, $89.00, $83.70. And in the case of further development of corrective growth and the breakdown of this area, the goal will be the mark of $130.00.

XRP/USD

XRP/USD is being traded at $0.34860 ​​and is in a downward movement. The fall over the weekend turned out to be more significant than expected. This suggests that the coin passed under the control of bears and will be very vulnerable to another fall. From November 7, when the bearish trend began to gain momentum, the price fell by about 40%. Given the current pressure impulse for sale, it is likely that the price will go to $0.25000.

XRP/USD Forecast and analytics 26 November 2018
XRP/USD Forecast and analytics 26 November 2018

As part of the forecast for November 26, we can expect a continuation of the fall after the next insignificant corrective consolidation. The signal area will be the zone $0.39700 – $0.37900. If during corrective consolidation the price reaches these marks, it will be necessary to monitor its behaviour. In the event of a rebound from it or the formation of bearish signal patterns, we can expect a further fall, with a target of $0.31000. And in the case of the development of correctional growth and as a result of its breakdown, the target will be the mark of $0.43000.

XMR/USD

XMR/USD is trading at $54.750 and continues to fall. After the price reached the levels of the signal zone, the quotes drew a strong bearish pattern and the coin continued its fall in search of the bottom.

XMR/USD Forecast and analytics 26 November 2018
XMR/USD Forecast and analytics 26 November 2018

As part of the forecast for November 26, we can expect a continuation of the fall, and perhaps a small correction. The signal zone is located at levels of $63.000 – $60.000. If the continuation of the fall does not occur from the current levels, but after the formation of the lateral correction, then it is likely that prices will be in the signal area. Based on price behaviour in this area, it will be possible to make assumptions about the further development of the movement. In the event of a rebound from it or the formation of bearish signal patterns, we can expect a further fall, with a target of $46.500. And in the case of the development of correctional growth, the goal will be the mark of $68.000.

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