Rate analysis, 2. November: Bitcoin, Ethereum, Ripple, Bitcoin, Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON

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.

The tributaries of the crypto-investment company Grayscale since the beginning of the year have exceeded the threshold of EUR 290 million. This is the highest value since your business was launched five years ago. A breakdown of the investor profile shows that a large part of the money from Institutional was, what, in view of the prevailing bearish sentiment this year is remarkable.

Morgan Stanley has classified crypto-currencies in his report as a "new institutional asset class". This bears the title "Bitcoin Decrypted: A short Teach-In and impact". Although institutional money has already been included, was the total sum only slightly. Many believe that the approval of Bitcoin ETFs will pave the way for investments by institutional traders.

Reggie Browne, senior managing Director and head of ETF trading at the financial service provider Cantor Fitzgerald, however, is of the opinion that Bitcoin ETFs will be a reality only when a stable regulatory framework for this asset class.

market manipulation is also an important factor that has a negative impact on the credibility of crypto-currencies. NASDAQ, the second largest exchange in the world, is confident that its market surveillance technology can prevent tampering. If that succeeds, the crypto-trading Community give a big boost.

BTC/USD

Bitcoin is on December 31. October almost up to the first support in the case of 6 212 US $ (5.455 Euro), where there was a buyer. The courses currently in the direction of the moving averages that will act as a rigid resistance. If the cops can not make it through the moving averages, a rally in the direction of the upper end of the range for 6.831,99 US-Dollar (5.999,85 Euro).

The BTC/USD Pair indicates a trend reversal, when it comes about 6.831,99 US-Dollar (5.999,85 Euro). The new upward-trend can raise the rates on the 7,400 U.S. dollars (6.498 euros) and about 8.400 US dollars (7.376 Euro).

If the bears can defend the moving averages, there will be sales in the virtual currency which it could pull to 6,200 US dollars (5,444 compared to Euro). If the price falls below this support, a re-Test of the margin between 6.075 US Dollar (5.335 Euro) and 5,900 U.S. dollars (5.181 Euro). A case under 5.900 US dollars (5.181 Euro) may trigger a panic selling and the prices fall quickly between 5.450 US Dollar (4.786 Euro) and 5.000 US-Dollar (4,391 thousand euros). Therefore, we recommend to put Stop-Loss Limits at 5,900 dollars (5.181).

It is difficult to predict in which direction the price will move. Therefore, we have specified the important levels on both sides, you should keep in mind.

ETH/USD

The cops the level of 188,35 US Dollar (165,41 Euro) were able to at 31. October defend. Currently Ethereum tries from the 20-day EMA break out of the flattens. Above this level, the 50-day could act-the SMA as a strong resistance. If the cops are creating a conclusion (UTC) above the 50-day SMA, it could be a quick rally in the direction of 249,93 US Dollar (219,49 Euro).

We expect about 250 US dollars (219 Euro) a trend change. Dealers can purchase at a closing (UTC) 250 US dollars (219 Euro) and the Stop-Loss Limit at 188 US dollars (165 euros). The first profit target is to increase to 322 U.S. dollars (282 Euro).

If the ETH/USD Pair from one of the Overhead bends resistors to the bottom and under 188 US dollars (165 euros), could there be a re-Test of support at 167,32 US Dollar (146,94 Euro). Including the decline could extend up to 136 US $ (119 Euro). We recommend that traders wait for a breakout before opening a Long Position. The price movements within the range may be spontaneous and volatile.

XRP/USD

Ripple has climbed in the last three days, gradually higher and came close to the upper end of the narrow margin.

When the tight span is diminishing at the top, buy the cops are likely to be and the prices higher towards $ 0.55 (0.48) and 0.62 US Dollar (€0.54). Therefore, we maintain our buy recommendation, from the previous analysis.

Our bull view is invalid, if the XRP/USD-falls to Few under the close margin. Such movement can allow the prices to the next support zone between 0,38838 US Dollar (0,3410 Euro) and 0,37185 US Dollar (0,3265 Euro) to decrease.

BCH/USD

The bulls have raised Bitcoin to Cash and back again in the triangle. The bears could not take advantage of the case of the symmetrical triangle is a bullish signal. This shows that the lower levels will attract buyers, and owners do not want to sell their stocks at a certain price.

If the cops can lift the BCH/USD Pair to over 500 US dollars (439 Euro), that would be a Signal for strength. After that a rally towards US $ 600 (527 Euro) and then in the direction of the 660 US $ (579 Euro) would be possible. Therefore, traders can protect their Long positions with Stops in the US $ 400 (351 euros).

The digital currency continues its downward trend, when the price falls below 408,0182 US Dollar (358,2879 Euro). The next support below is at 300 US dollars (263 euros).

EOS/USD

The bulls have managed to keep the support at US $ 5 (4,39 EUR). Currently, EOS is again above the moving averages have climbed, both of which are flat. The RSI has recovered into the middle.

The EOS/USD Pair could consolidate between US $ 5 (4,39 EUR) and $ 6 (€5.27). A breakout from this range can lift the digital currency on 6,8299 US Dollar (5,9975 Euro). A case, including could let you to 4,493 dollars (3,945 Euro) to decrease.

We expect a new uptrend, if the price can hold about 6,8299 US Dollar (5,9975 Euro). Therefore, traders can Loss for your Long positions with a Stop-Limit 4.90 US Dollar (4,30 Euro).

XLM/USD

The bulls have the trend line support on the 31. October can keep. Currently, Stellar is trying to get on the moving averages. The Zone between $ 0.24 (0.21 Euro) and 0.27 US dollars (€0.24) could offer a rigid resistance.

A rise of about 0.27 to US Dollar (EUR 0.24) gives the descending triangle pattern to fail, which would be a positive Signal. Therefore, traders can buy, at a closing (UTC) to 0.27 US dollars (€0.24) and the Stop-Loss Limit at $ 0.20 (EUR 0.18). This can later be raised. The profit target is $ 0.36 (EUR 0.32). While there are 0,304 US Dollar (0,267 Euro), a slight resistance.

Our bull's view is not invalid, if the XLM/USD Pair it, via the Overhead resistances to break. Below, a case may result from the trend line in a fall on 0,205 US Dollar (0,180 euros) and on 0,184 US Dollar (0,162 Euro).

LTC/USD

Litecoin was able to hold the support zone between 49,466 US Dollar (43,437 Euro) and 47,246 US $ (41,487 Euro) for the fourth Time. Although the bulls can keep the backups, you can't push the rates further up. Each jump back to the top of a deeper High (rectangles on the Chart). The bears could, therefore, again resistance at the moving averages and the downtrend line of the descending triangle.

Since the support has held up pretty well, aggressive traders on the long side above the 20-day EMA and the Stop-Loss Limit stop 47 of the US Dollar (41 Euro). The first target a movement in the direction of the downward trend line, where partial profits can be booked. A breakout from the downtrend line of the falling triangle increases the probability of a rise on the upper end of the range in 69,279 US $ (60,835 Euro). This is a risky trade, therefore traders should open a Position with 50 percent of the usual size. Swing traders and position traders can ignore this trade.

Our bull view is invalid, if the LTC/USD Pair falls below 47,246 US $ (41,487 Euro). Below this level the next support at US $ 40 (35 Euro).

ADA/USD

The cops trying to jump from the support at 0,068989 US Dollar (0,0606 euros) back to the top. Cardano is likely to face a resistance at the 20-day EMA and the trend line of the symmetrical triangle. If he is not on this level, there could be a further round of Sales, which would test the immediate support at 0,068989 US Dollar (0,0606 Euro) again.

If the ADA/USD-falls Pair below the support, it may fall to the next support at 0,060105 US Dollar (0,0528 Euro). In the case of a rise above the moving averages, a rally to the upper end of the range in 0,094256 US Dollar (0,0828 Euro) is possible. We recommend a Long Position, if a new purchase constellation.

XMR/USD

The jump back to the top of the support at 100,453 US Dollar (88,209 euros) has reached the 20-day EMA, which now acts as resistance. Both sliding averages flat. This suggests that Monero could still remain a couple of days within the range.

Our Outlook is invalid, when the bears create a reduction and closing (UTC) under the support 100,453 US Dollar (88,209 Euro). Such a movement can pull the XMR/USD Pair to the next support at 81 US-Dollar (71 Euro).

on the Other hand, a breakout of the 20-day EMA is lifting the rate on the 50-day SMA and above for a rally towards US $ 150 (131 Euro) is likely to be. We do not see any reliable purchase constellation at the current levels, we therefore recommend to not trade.

TRX/USD

TRON has recovered in the direction of the moving averages, both of which are flat. This shows that trading in the margin will take a few more days.

The next movement is triggered either when a breakout from the range or a case including. If the TRX/USD Pair on 0,02815521 US Dollar (0,0247 Euro) climbs, we expect a rally on 0,0415 US Dollar (0,0364 Euro). Traders can buy when the price rises above $ 0.03 (0.03 Euro).

below is a case, would, under the span of the downward trend to continue. This could allow the rate to the next support at 0,01095383 US Dollar (0,0096 Euro) to decrease.

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