Cryptocurrency Weekly Analysis

Weekly Technical Analysis of Digital Currencies November 10 (November 20)


Technical analysis of the price of Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, Cardano, Binance Coin, Polkadot, Bitcoin SV and China. Read the link for today (November 11) below:

Weekly technical analysis of bitcoin prices

The price of Bitcoin is still rising, but is facing a key resistance of 16,000. This can save short-term traders’ trading profits and bring aggressive stocks into the sell position.

Weekly Technical Analysis of Digital Currencies November 10 (November 20)
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If the price stabilizes below $ 15,000 psychological support, it is likely to fall to $ 14,000. The 20-day moving average (EMA 20 – blue line in the picture) at $ 13,935 is also slightly below this level. With these interpretations, there will be a possibility of strong defense of buyers from this level.

The rapid jump in price from this moving average means that the accumulation flow will be in the hands of buyers. The price may remain in the $ 14,000 to $ 16,000 range for a few days before starting a trend.

If the cows manage to raise the price from $ 16,000, it will be possible to grow to $ 17,200 and above that to the historical price ceiling (ATH). With the price falling below the 20-day moving average (EMA 20 – blue line in the picture), it is likely to continue to the simple 50-day moving average (SMA 50 – red line in the picture) at $ 12,137.

  • Resistances: 16,000 – 17,200
  • Supports: 15,000 – 14,000 – 12,137

Weekly technical analysis of Ethereum prices

Market cows are trying to drive Ethereum prices above the uptrend pattern. In the last two days, the price has formed a recurring candlestick pattern in daily timeframes and is trading in a tight range in the current situation. This indicates a lack of certainty between buyers and sellers.

Weekly Technical Analysis of Digital Currencies November 10 (November 20)
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With the price falling below $ 432 by sellers, it is likely to fall further to the 20-day moving average (EMA 20 – blue line in the picture) at $ 409. Failure to price below the pattern will mean the superiority of sellers.

However, the uptrend of the 20-day moving average and the relative strength of the relative strength index (RSI) in its positive area, give buyers the advantage. If buyers manage to push the price to the top of the pattern, it is likely to grow to $ 488,134. Breaking the price above this resistance may cause the uptrend to continue up to 520 and above it to $ 550.

  • Resistance: 488,134 – 520 – 550
  • Support: 432 – 409

Ripple Price Weekly Technical Analysis

The Ripple price attempted to break out of its cross-range range on November 7, but sellers did not allow the price to rise. In the current situation, buyers are trying to keep prices above moving averages. In this case, there is a possibility that these people will try again to push the price above $ 0.26.

Weekly Technical Analysis of Digital Currencies November 10 (November 20)
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If the price stays above this level for one day, it is likely to grow in a new uptrend up to $ 0.30. However, the horizontal slope of the moving averages and the relative strength index (RSI) near the middle zone show the balance between supply and demand.

As the price falls below the moving average, it is likely to fluctuate in the range of $ 0.26 to $ 0.2295 for a few more days. A fall below the support level of $ 0.2295 to $ 0.21712 will mean a shift in the advantage of sellers.

  • Resistances: 0.26 – 0.30
  • Supports: 0.2295 – 0.219712

Weekly technical analysis of bitcoin cache price

The price of Bitcoin Cash has moved above the $ 272 level over the past three days, but has not been able to stabilize at higher levels. The frequency of price reactions to the resistance area of ​​$ 272 to $ 280 indicates the strong defense of sellers in this range.

Weekly Technical Analysis of Digital Currencies November 10 (November 20)
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If the bear manages to lower the price below the 20-day moving average (EMA 20 – blue line in the picture) at $ 257, it will be possible to continue the fall to $ 242 and below $ 231. Such a move would increase the likelihood of limited price volatility for a few days in the $ 231 to $ 280 range.

However, the upward slope of the moving averages and the placement of the relative strength index (RSI) in its positive area will mean the relative superiority of buyers. If the group manages to push the price above the resistance area, a price jump of up to $ 300 and above $ 326.30 will be possible.

  • Resistances: 280 – 300 – 326.30
  • Supports: 257 – 242 – 231

Weekly Technical Analysis of Chainlink Price

Buyers on November 7 tried to push the Chinese link above the $ 13.28 resistance, but on the plus side, it jumped from the 20-day moving average (EMA 20 – blue line in the picture) to $ 11.46. In the current situation, these people are trying to raise the price again from this level.

Weekly Technical Analysis of Digital Currencies November 10 (November 20)
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If successful, the reverse head and shoulder pattern will be activated with a target of $ 19,2731. The 20-day moving average is gradually rising and the Relative Strength Index (RSI) is in its positive territory. The combination of these factors conveys the relative superiority of the buyers.

However, if the price moves down from the upward resistance, the bears will once again try to drive it below the moving averages. In this case, the price could fall to $ 9.7665.

  • Resistances: 13.28 – 19.2731
  • Supports: 11.46 – 9.7665

Weekly Technical Analysis of Binance coin Price

The price of Binance Coin has been trading between the low and high of $ 25,6652 and $ 32 over the past few days. Buyers tried to push the price above the moving averages on November 7, but were unsuccessful.

Weekly Technical Analysis of Digital Currencies November 10 (November 20)
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The downtrend of the 20-day moving average (EMA 20 – blue line in the picture) and the relative strength index (RSI) in the negative area, indicate the superiority of sellers. By stabilizing the price below the moving averages, it will be possible for the price to continue to fall to $ 25,6652.

Price jumps from this support will increase the probability of limited fluctuations for a few more days. Falling prices below this area will also mean the beginning of a new downtrend. The downside view of the price will be possible by turning it from the current levels and moving above $ 30. Such a move may continue until the $ 32 level is seen.

  • Resistances: 30-32
  • Supports: 28.5 – 25.6652

Weekly technical analysis of Litecoin price

The price of Litecoin fell below the key resistance of $ 64 on November 7. Price has reacted to this resistance three times in the past.

Weekly Technical Analysis of Digital Currencies November 10 (November 20)
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The Relative Strength Index (RSI) is forming a negative price divergence, indicating a weakening of the uptrend. If the price moves down from the current levels and falls below the 20-day moving average (EMA 20 – blue line in the picture) at $ 56, it is likely to fall to the 50-day moving average (SMA 50 – red line in the picture) It will be available at $ 50.

On the other hand, if the price jumps above the 20-day moving average (EMA 20 – blue line in the picture), buyers will once again try to push the price above $ 64. If successful, it could grow to $ 68.9008.

  • Resistances: 64 – 68.9008
  • Supports: 56-50

Weekly technical analysis of Polkadot prices

The price of Polkadot fluctuates in a tight range between $ 3.80 and $ 4.95. The price fell to $ 4.8586 on November 7, indicating strong sellers’ defense of this level.

Weekly Technical Analysis of Digital Currencies November 10 (November 20)
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However, buyers are trying to keep the price above the moving averages and the Relative Strength Index (RSI) is supported at its mid-level (50). If the index moves above its downtrend, it will be in the market with buyers.

If these people manage to push the price above $ 4.95, there is a possibility that the price will rise to $ 5.5899. Also, strong sellers’ defense of this level will be possible. But with prices penetrating above this level, there is a possibility of starting a new uptrend.

  • Resistances: 4.95 – 5.5899
  • Supports: 3.80

Weekly Technical Analysis of Cardano Price

Cardano traded down $ 0.1142241 on November 7, indicating that sellers will strongly defend this level. On the plus side, however, buyers have not allowed prices to fall below moving averages.

Weekly Technical Analysis of Digital Currencies November 10 (November 20)
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A strong November 8 jump in moving averages reflects market sentiment based on buy-downs. Buyers will once again try to push the price above the resistance. In this case, the price growth will be possible up to $ 0.128 and above it up to $ 0.1445.

On the other hand, if the price moves down from $ 0.1142241, the limited price fluctuations will continue for a few more days. A fall below the moving average means a weakening trend and the probability of a fall below $ 0.08993.

  • Resistors: 0.1142241 – 0.128 – 0.1445
  • Supports: 0.0893

Weekly technical analysis of bitcoin price

The price of Bitcoin Soy continues to fluctuate in the wide range of $ 146 to $ 181. The price has been floating on moving averages for the past three days, indicating a lack of uncertainty among traders about the next price direction.

Weekly Technical Analysis of Digital Currencies November 10 (November 20)
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The horizontal slope of the moving averages and the relative strength of the index near the mid-level indicate a balance between supply and demand. If the price stabilizes below the moving average, sellers will try to push the price up to the key support of $ 146.

A jump in price from this level may extend limited price fluctuations for several more days. If buyers manage to push the price above the $ 181 resistance, the trend will turn in favor of buyers.

  • Resistance: 181
  • Supports: 146

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