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Bitcoin, Ripple, Ethereum, Bitcoin Cash, Stellar, EOS, Litecoin, Tether, Cardano, Monero, TRON, DASH: Price Analysis, Nov. 26

While looking at the current scenario, we can quickly estimate that the entire crypt world follows the footsteps of capital markets worldwide which are vulnerable towards the macro circumstances emanating from geopolitical factors and certain macro fundamentals. Due to the volatility in the market, almost all cryptocurrencies are perforating whereas some replace themselves ahead in …

While looking at the current scenario, we can quickly estimate that the entire crypt world follows the footsteps of capital markets worldwide which are vulnerable towards the macro circumstances emanating from geopolitical factors and certain macro fundamentals. Due to the volatility in the market, almost all cryptocurrencies are perforating whereas some replace themselves ahead in ranking by market cap. The following synopsis will elaborate more about the scenario through the analytics of most renowned cryptocurrencies.

Bitcoin Price Analysis – BTC/USD

BTC/USD

When we talk about Bitcoin having its market cap stands at the level of $70,367,160,653 with valued at $4045.47, 03:55 UTC represents descending bottom scenario since mid of November which can be analyzed from the analytics above. When we compared the current value of the crypto major with that of October 11, it dropped by 34% approx. and that of September 04, it slashed by 44% approx. Based on the graph above, both moving averages have turned down representing a negative sign. With this, the 14 day RSI has hit deeply oversold levels representing the fact that selling has been overdone. Amid this, 20-day EMA and the RSI in the oversold territory show that the bears have the upper hand. Those involved in trading activities should wait for the trend to rebound and recommended that not to initiate any long positions in it. The next support level can be estimated $4050. Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer Bitcoin network without the need for intermediaries.

Ripple Price Analysis – XRP/USD

XRP/USD

The second largest crypto major having its market cap stands at the level of $15,174,886,044 with valued at $0.376, 03:56 UTC has plunged since November 23 which can be seen through the downward slope through the RSI mark. The current value when compared with November 23, it declined by 7.31% and that of the all-time high on September 29, dropped by 34%. With this, the falling 20-day EMA and the RSI in the descending slope show that the bears have the upper hand. With the XRP/USD pair remains in a bearish trend in its medium-term outlook. Let us not forget that the strong bearish pressure has successfully caused a drop in the price of this cryptocurrency. The next support level can be estimated $40 based on the fluctuated trends analyzed. Ripple is a real-time gross settlement system, currency exchange and remittance network created by Ripple Labs Inc., a US-based technology company.

Ethereum Price Analysis – ETH/USD

ETH/USD

The third largest cryptocurrency by a market cap which stands at the level of $11,977,658,854, valued at $115.81, 03:57 UTC has observed the both moving averages and the RSI turning down, which clarifies a negative sign. The RSI has hit deeply oversold levels that can be analyzed form the graph above which suggests that selling has been overdone entirely. Amid this, the falling 20-day EMA and the RSI in the oversold territory show that the bears have the upper hand with the ETH/USD remains in a bearish trend for some time. Let us not forget that the strong bearish pressure successful dropped the cryptocurrency value as of now. Since there are no bullish patterns that suggest a buy at present, so it is advisable to remain on the sidelines. When comparing the current value with November 06, the value dropped by 47%, and that of August 13, it slashed by 56.8%. Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract functionality. It supports a modified version of the Nakamoto consensus via transaction-based state transitions. The next support can be estimated at the level of $116.

Bitcoin Cash Price Analysis – BCH/USD

BCH/USD

Bitcoin Cash, the fourth largest cryptocurrency in terms of market cap that stands at the level of $3,202,676,232, valued at $183, 03:57 UTC has extended its drop in value which can be analyzed from the graph above. The current price declined in value by almost 71% compared with November 05, and that of July 24, it slashed by 79%. The entire scenario being analyzed with “downward trend” since June this year. While both moving averages have declined which suggests a negative sign, so much so that the 14-day RSI has hit deeply oversold levels representing the fact that selling has been overdone and a pullback may likely. Those involved in a trading task, are recommended to wait for the trend to rebound and a bottom to create the new support level before initiating any long positions in it. Bitcoin Cash is a cryptocurrency. In mid-2017, a group of developers wanting to increase bitcoin’s block size limit prepared a code change. The change, called a hard fork, took effect on 1 August 2017. As a result, the bitcoin ledger called the blockchain and the cryptocurrency split in two. The next support level can be estimated at the level of $205

Stellar Price Analysis – XLM/USD

XLM/USD

The sixth largest cryptocurrency, Stellar which was on the fifth rank on November 23 by market cap has seen a sudden drop in value due to the strong bearish pressure. The current value when compared with September 23, it decreased by 45.8%. The XLM/USD having its market cap at the level of $2,999,770,176, 03:58 UTC. From the analytics above, we can judge that both moving averages and the RSI have slashed at the oversold levels, which suggests that selling has been overdone. Amid this, the falling 20-day EMA and the RSI in the oversold territory show that the bears have the upper hand and XLM/USD pair remains in a bearish trend in its medium-term outlook. The lower and upper price ranges have been created. However, the next support level can be estimated $157. Let us not forget that the strong bearish pressure has successfully dropped in value as of now. Stellar is an open-source, decentralized protocol for digital currency to fiat currency transfers which allows cross-border transactions between any pair of currencies. The Stellar protocol is supported by a nonprofit, the Stellar Development Foundation.

EOS Price Analysis – EOS/USD

EOS/USD

The fifth largest cryptocurrency, which was on the sixth rank on November 23, EOS has perforated in value which can be analyzed from the graph above. EOS has its market cap at the level of $3,056,471,534, 03:59 UTC has observed a downward trend since July this year. With this, declining 20-day EMA and the 14 day RSI in the oversold territory show that the bears have the upper hand, and the EOS/USD pair remains in a bearish trend in its medium-term outlook as both moving averages have turned down as the current price traded below EMA representing a negative sign. This cryptocurrency has experienced “Oversold territory” almost two times since July this year. The current value is dropped by nearly 50% when compared with November 06. Since no bullish patterns sought that suggest a buy, hence, it is best to remain on the sidelines for some time. With this, all those involved in trading should wait for the trend to reverse and not to execute any long positions in it. The 20-day EMA is slashing, and the RSI is in the oversold territory represent the fact that the trend is in favor of sellers. The next support can be thought over at the level of $3.40. EOS.IO is a blockchain protocol powered by the native cryptocurrency EOS. The protocol emulates most of the attributes of a real computer including hardware with the computing resources distributed equally among EOS cryptocurrency holders.

Litecoin Price Analysis – LTC/USD

LTC/USD

Litecoin, the seventh largest cryptocurrency by market cap that stands at the level of $1,870,742,933, 03:59 UTC. has immersed in an “Oversold” territory as observed through the RSI. With this, the current value traded below EMA signals ‘downtrend’. Since the RSI has hit deeply oversold levels representing that selling has been overdone, and the falling 20-day EMA and the RSI in the oversold territory show that the bears have the upper hand. When compared the current value with that of November 06, it dropped in value by 52.5%, and that of September 12, it slashed by 37.5%. Let us not forget that the LTC/USD remains in a bearish trend in its medium-term outlook as the strong bearish pressure has caused a drop in current value. Now that no bullish patterns that suggest a buy, hence, it is best to remain on the sidelines for quite some time. Based on the recent trend, the next support level could be $35. Litecoin is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Creation and transfer of coins are based on an open source cryptographic protocol and is not managed by any central authority. Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011.

Tether Price Analysis – USDT/USD

USDT/USD

The eight largest cryptocurrency by market cap, Tether having its market cap at the level of $1,819,303,484, 04:00 UTC remains in a bearish trend in its medium-term outlook as the current value is dropped by 1.26% compared with the value on November 14. On the whole, this cryptocurrency has neither experienced any “overbought” or “oversold” territory since June this year. However, the lower price range at the level of $99.64 has been put. The value has experienced fluctuating pattern in line with both the moving averages. Those who would like to invest for the long-term perspective; the current fall offers a significant opportunity to buy into. Tether is a controversial cryptocurrency with tokens issued by Tether Limited, which claims that each token issued is backed by one United States dollar though they may not necessarily be redeemed through the Tether platform. The next support can be thought over at the level of $1.0005

Cardano Price Analysis – ADA/USD

ADA/USD

The erstwhile ninth largest cryptocurrency has been at the tenth rank by market cap that stands today at the level of $980,919,870, 04:00 UTC has submerged its value as both moving averages, and 14-day RSI have hit deeply oversold levels representing the fact that selling has been overdone. The falling 20-day EMA and the RSI in the oversold territory show that the bears have the upper hand. With the ADA/USD pair remains in a bearish trend in its medium-term outlook. Let us not forget that the strong bearish pressure has caused a drop in the value of this cryptocurrency. When we compare the current value with that of November 06, it dropped by 55%. Since no bullish patterns can be observed as of now which suggest a buy, hence, it is best to remain on the sidelines and traders should hold “wait and watch” approach for the trend to rebound before initiating any long positions in it. Based on the current trend, the next support level can be estimated at $0.40. Cardano is a distributed computing platform that runs the blockchain for the Ada cryptocurrency. Cardano was created by blockchain development firm Input Output Hong Kong and led by Charles Hoskinson, former co-founder of Ethereum. Cardano is administered by the Cardano Foundation, based in Switzerland.

Monero Price Analysis – XMR/USD

XMR/USD

While surpassing its major rival and attained at the level of ninth today, Monero has successfully defeated its next opponent by the market cap which stands at the level of, $981,145,158, 04:01 UTC has dived its value that can be analyzed from the graph above. With this, both moving averages have turned down representing a negative signal, and so much so that the 14-day RSI has been in the “Oversold zone” which suggests that selling has been overdone and a pullback is likely. Amid this, the falling 20-day EMA and the RSI in the oversold territory show that the bears have the upper hand. Let us not forget that the XMR/USD remains in a bearish trend in its medium-term outlook as the strong bearish pressure has caused a drop in current value by making it the lowest low of the day before exhaustion set in. Likewise other cryptocurrencies, since no bullish patterns that suggest a buy, therefore, it is best to remain on the sidelines for traders and not to execute any long position until the current trend to rebound to some extent. Monero is an open-source cryptocurrency created in April 2014 that focuses on fungibility, privacy, and decentralization. Monero uses an obfuscated public ledger, meaning anybody can broadcast or send transactions, but no outside observer can tell the source, amount or destination. The next support level can be $55.

Tron Price Analysis – TRX/USD

TRX/USD

Tron, an eleventh largest cryptocurrency whose market cap stands at the level of $814,799,045, 04:01 UTC has significantly declined in current value compared with November 06 by almost 49% as analyzed from the graph above. The entire scenario from August where this cryptocurrency at the all-time high has tumbled in value where 20-day EMA and 14-day RSI have deeply oversold levels representing the trend where selling has been overdone, and a pullback is likely. The declining 20-day EMA and the RSI in the oversold territory show that the bears have the upper hand, and the TRX/USD remains in a bearish trend in its medium-term outlook. Let us not forget that the strong bearish pressure has been successful to cause a decline in value. Since no bullish patterns that suggest a buy for quite some time, therefore, it is best to remain on the sidelines, and traders should wait for the trend to rebound until the price start trading above the EMA by showing “Uptrend” in the market. Those who believe in the story of blockchain and cryptocurrencies, the current fall offers an excellent opportunity to invest in the long term. The next support level can be at the level of $0.013.

Dash Price Analysis – DASH/USD

DASH/USD

While enjoying at the rank of 12th on November 23, Dash has been traded today while attaining its position at the level of 13 by a market cap which stands at the level of $788,110,419, 04:01 UTC. Since the RSI has observed “Oversold” territory which suggests that selling has been overdone and a pullback is likely. Amid this, both moving averages have turned down that signals a negative mark. Let us not forget that the declining 20-day EMA and the RSI in the oversold territory representing the fact that the bears have the upper hand. With this, the DASH/USD pair expected to be in a bearish mood for quite some time. While the strong bearish pressure has successfully caused a drop in current value by almost 38.9% compared with October 10 and that of September 01, it dropped by 58%. The trend supposedly represents the lowest low of the day before exhaustion set in. Since no bullish patterns have been expected as of now which recommend a buy, therefore it is best to remain on the sidelines. However, those would like to invest in this cryptocurrency for the long-term perspective, needless to say, that the current value offers the best opportunity to invest into. The next support level can be $93. Dash is an open source cryptocurrency and is a form of a decentralized autonomous organization run by a subset of users, called “master node”. It is an altcoin that was forked from the Bitcoin protocol. The currency permits fast transactions that can be untraceable.

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