Rate analysis, 16. November: Bitcoin, Ripple, Ethereum, Stellar, EOS, Litecoin, Cardano, Monero, TRON, DASH

The views and opinions listed here are solely those of the authors necessarily reflect the views of Cointelegraph. Each Investment and Trading involves risk and you should be good to do research before making a decision.

The market data are taken from HitBTC exchange.

Bitcoin posted on 14. November for the third Time in 2018, a sharp decline, when the he reached new lows for the Year. In doing so, he fell below the critical support level of 5,900 US dollars (5.167 Euro), which had held the whole year so far. Prior to this a strong case, Bitcoin has experienced a Phase of low volatility, the more it had been so for years.

We expected that the narrow margin of crypto-currencies to the top would dissolve. Such as tended rather to a positive outcome. With the case, the picture has changed, however, and our assumption proved to be wrong. Against this new Background, we need to rethink our strategy.

Interestingly, not all Cryptocurrencies followed the example of Bitcoin, which fell to new lows for the Year. Some of them have held up quite well. Ripple has overtaken Ethereum in terms of market capitalisation and the 2nd place secured. There is, therefore, also in this Chaos some positive things.

Bitcoin, Cash has carried out his Fork without any major incidents. Since this Fork is still in the initial phase, we have analysed today, none of the two Coins.

What traders can expect after the recent decline from the market? It is time to step into the Background and to be seen, or provide some crypto to purchase currencies opportunity? Let's look at the Charts.

BTC/USD

Bitcoin is on 14. November under the support of 5,900 US dollars (5.167 Euro) on a daily low of 5.737,02 US dollars (5.025,20 euros). The daily closing price (in UTC) amounted to 5.932,US $ 75 (5.196,64 euros), which shows that it is close to the low buyer. However, the bears have continued their sales the next day and had the course to 5.430,02 US dollars (of 4,756,29 Euro) to fall, which was just under the assistance of 5.450 US Dollar (4.774 Euro). It, in turn, gave some of the purchases at the lower levels. The digital currency rebounded and made a part of the loss. The conclusion was 5.747,05 US Dollar (5.033,98 Euro).

The recovery from the Intraday lows of the last two days shows that the lower levels of buyers to attract. This suggests a re-Test of the level of 5,900 US dollars (5.167 Euro) in the next 4-5 days.

the performance of The BTC/USD pair at the level of 5,900 US dollars (5.167 Euro) will give us a better picture of what to expect. If the cops come without a great deal of trouble over 5,900 U.S. dollars (5.167 Euro) and can keep, then, this decrease turns out to be a deception, which has sorted out the weak traders, before the price climbs up.

on the Other hand, if the bears can defend the levels between 5.900 US dollars (5.167 Euro) and 6.075 US dollars (was 5321 Euro) and the virtual currency from there to the bottom bends, this would indicate that the sales made by the Long positions, which are stuck on the higher levels, as well as opening of Short positions by traders, in the future, lower levels expect.

What you should do as a trader now?

indicates A new low for the Year on weakness, and therefore Long positions should be opened only when a floor has been confirmed. Because the RSI is in the oversold area, is also a Short Position is not advisable, because it can come at any time to a strong recovery. Due to the uncertainty, it is best for a couple of days to be seen.

open When the course comes to 5,900 dollars (5.167 Euro) and can hold, we could again Long positions. A breakout above 6.832 US Dollar (5.984 Euro) would be a confirmation that a new uptrend has been established. Until then, the danger that the digital currency bends back down.

experts are pointing to different lower levels, which can be scary. We make one step after the other and act accordingly, and not from the noise around us influence.

XRP/USD

Ripple is extremely strong and is well above its year lows. In fact, he fell in the recent turmoil, not even on its first major support at 0,37185 US Dollar (0,3257 Euro), which suggests strength.

Currently, the XRP/USD-Some resistance to sliding compared to averages. If this is overcome, the downward trend line, the next resistance. We believe that the bears will defend this Zone.

Once the down trend line has been overcome, could climb the digital currency on 0,565 US Dollar (0,495€) and then to 0.625 U.S. dollars (0.547 to the Euro). The flat moving averages, and almost in the middle RSI point to a speedy margin.

below would pull a case under the upward trend line and 0,37185 US Dollar (0,3257 Euro) sales, which could lead to a decline in 0,24508 US Dollar (0,2147 Euro).

ETH/USD

The cops are trying to Ethereum over the year low stands of 167,32 US Dollar (146,56 Euro) of 12. To keep September. 15. November the price fell to a Low of 171,36 US Dollar (150,10 EUR), where there was a buyer.

A case 167,32 US Dollar (146,56 Euro) would continue the downward trend and the ETH/USD-Pair on the lower levels between 136 US $ (119 Euro) and USD 110 (EUR 96) to decrease. The 20-day EMA is bent downwards, while the RSI is near the oversold area. This shows that the bears have in the short term, the upper hand.

If the cops recover, however, the support from and about 188,35 US Dollar (164,98 Euro) can hold, it would increase the likelihood of a consolidation. A first signs of a new upward trend would be if the digital currency keeps on 249,93 US Dollar (218,92€).

XLM/USD

Stellar is still within the ascending channel. The daily low of 0,21494424 US Dollar (0,1883 Euro) of 15. November, however, our proposed Stop-Loss Limit, we have set US $ 0.22 (EUR 0.19). In the last two days, the bulls have bought at sharp dips aggressive, which is a positive sign. This shows that the buyers take advantage of lower rates, in order to increase your Position.

The moving averages are currently flat and the RSI is close to 50, suggesting an early consolidation. If this support line of the channel holds, climb the XLM/USD Pair is likely to move up. We could wait until a purchase of the constellation, before Long-to suggest positions.

EOS/USD

EOS is 15. November under the support of 4,493 dollars (3,935 euros). But purchases at the lower levels lifted the rate back above this level. Currently, the bears once again try to push the price below the support and down to the next support zone between 4,1778 US Dollar (3,6591 Euro) and 3,8723 US Dollar (3,3915 Euro) to decrease.

The down trending 20-day EMA and the RSI is negative, showing that the sellers have the upper hand. The downward trend would be a decline under 3,8723 US Dollar (3,3915 Euro).

If the bulls manage to defend the support zone between 4,1778 US Dollar (3,6591 Euro) and 3,8723 US Dollar (3,3915 Euro), the EOS/USD Pair for a while in the range. We could wait until the situation is stabilized, and a reversal of the trend can be seen, before we are positive.

LTC/USD

Litecoin reached on the 14. 15. November to new lows for the Year. This shows that he is one of the currencies to the weaker Crypto.

After he on 14. November had fallen below the support at 47,246, US Dollar (41,380 Euro), followed the next day, a new Low, which was close to our first target below, namely, US $ 40 (35 Euro). Although the course is jumped by the low levels of back up, lack of recovery, the strength. Even small Intraday rallies are facing strong selling pressure.

If the LTC/USD Pair to below 40 US dollars (35 Euro), on the next support at 32 US dollars (28 euros) slides. The downward sloping moving averages and the RSI is in the oversold Zone showing that the sellers are in command.

The first signs of a recovery are there, if the digital currency has climbed back above US $ 50 (€44) and this level can hold. Until then, there are in every recovery, too many sales.

ADA/USD

Cardano is on 15. November, below the critical support of 0,060105 US Dollar (0,0526 Euro), but the bears could not hold the lows.

The cops are currently trying to keep the course on 0,060105 US Dollar (0,0526 Euro), while the bears are trying to come underneath.

If the bears have success, you can slip the ADA/USD Pair on 0,043722 US Dollar (0,0383 Euro). However, if the bulls are successful, it will be the digital currency of your consolidation in a range between 0,060105 US Dollar (0,0526 Euro) and 0,094256 US Dollar (0,0826 Euro).

XMR/USD

Monero is from the critical support at 81 US dollars (71 euros) on 15. November back to the top, jumped, but higher levels of sales pull by the bears. A case under 81 US-Dollar (71 Euro) would continue the downward trend continued and the courses in the direction of the below lying support at 61,50, US Dollar (53,87 EUR) to fall.

If the bulls manage to keep 81 US dollars (71 euros), a recovery on 100.453 US $ (87,982 Euro). If the price rises to over 100,453 US $ (87,982 Euro), could extend the XMR/USD Pair stay in the range. We are still waiting for a confirmation that a short-term bottom has been reached, before we suggest a trade.

TRX/USD

The bulls have tried to keep TRON on the critical support at 0,0183 US Dollar (0,0160 EUR). A case under this level can lead to a decrease in 0,01587681 US Dollar (0,0139 Euro). This would correspond to the Intraday Low of 14. August. If this level is breached, the next support, which should be noted during the downward movement, in the case of 0,01095383 US Dollar (0,0096 Euro).

If the level of 0,0183 US Dollar (0,0160 EUR), remain the TRX/USD Pair for a little longer in the span between 0,0183 US Dollar (0,0160 EUR) and 0,02815521 US Dollar (0,0247 Euro). We wait until the recovery proves to be strong before we can form a optimistic opinion. A rally about 0,02815521 US Dollar (0,0247 Euro) would indicate the beginning of a new upward trend. Until then, we recommend traders to wait and see.

DASH/USD

Dash is currently trying to hold support at 129,58 US Dollar (113,50 euros). If the bears manage to below this level, the next Level could counteract another case, at 113 US dollars (99 euros). If this level is broken down, you can extend the slide to 87 US dollars (76 Euro).

The down sloping moving averages and the RSI, which is close to the oversold area, indicate that the bears have the upper hand and the path of least resistance is down.

If it's the cops, however, manage to defend the level of 129,58 US Dollar (113,50 euros), a recovery on the 20-day EMA, and then to rise to the downtrend line. We wait to see if the DASH/USD Pair holding above the downward trend line. Only then it becomes positive.

The market data are taken from HitBTC exchange. The Charts for the analysis come from trading view.