Cryptocurrency Weekly Analysis

Weekly Technical Analysis of Digital Currencies November 17 (November 27)


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 17) below:

Weekly technical analysis of bitcoin prices

In a strong uptrend, reform usually does not take more than three days. This can be seen in the upward wave of bitcoin prices that began in early October. Buyers pushed the price above the $ 16,500 resistance and continued the uptrend.

Weekly Technical Analysis of Digital Currencies November 17 (November 27)
Click on the image to see the original size

In the current situation, the price is likely to rise to $ 17,200 resistance. At this level, there is a possibility that buyers will overcome the selling pressure created by sellers, because when cows violate this resistance, there will be no major obstacle to the historical price ceiling (ATH).

The upward slope of moving averages and the placement of the Relative Strength Index (RSI) in the buy saturation zone indicate the superiority of buyers. At the moment there is no downside in the chart indicating the possibility of starting price correction.

However, it is better for traders to be careful in their transactions and not to forget about capital management. In addition, the 20-day moving average (EMA 20 – blue line in the picture) at $ 15,032 will not be without merit, as a break below this level will be the first sign of a weakening.

  • Resistances: 17,200 – 19,500
  • Supports: 15,032

Weekly technical analysis of Ethereum prices

The price of Ethereum is facing selling pressure in the resistance of the upper side of the corner. This dynamic resistance is currently near the key overhead resistance at $ 488,134. With these interpretations, there is a possibility that the bears will strongly defend this resistance.

Weekly Technical Analysis of Digital Currencies November 17 (November 27)
Click on the image to see the original size

If the price moves above the resistance and buyers prevent the price from falling too much, there is a possibility that this resistance will break. Above this level there is a possibility that the price will continue to grow up to 520 and above it up to $ 550.

The upward slope of the moving averages and the relative strength index (RSI) above the level of 61 will indicate the superiority of buyers. The uptrend will be eliminated by turning it from current levels and moving below the 20-day moving average (EMA 20 – blue line in the picture) at $ 435.

  • Resistance: 488,134 – 520 – 550
  • Support: 435

Ripple Price Weekly Technical Analysis

The Ripple price closed above its $ 0.26 resistance on November 13th. Although sellers entered the market on November 14 and 15 as prices rose, they failed to bring prices below that level.

Weekly Technical Analysis of Digital Currencies November 17 (November 27)
Click on the image to see the original size

This indicates that market sentiment is rising and buyers are accumulating positions in the downturn. The 20-day moving average (EMA 20 – blue line in the picture) has moved up and the relative strength index (RSI) has reached the saturation zone. These factors warn of the possibility of continuing the upward trend.

The first target price on the way to the climb is $ 0.303746 and if the price penetrates to this level, there is a possibility that the resistance will be seen again at $ 0.326113. This uptrend will be eliminated with the price turning and falling below the support of $ 0.26.

  • Resistances: 0.303746 – 0.326113
  • Supports: 0.26

Weekly Technical Analysis of Chainlink Price

Chainlink is currently trying to record a jump from the 20-day moving average (EMA 20 – blue line in the picture) at $ 12. Buyers will now be able to push the price above the $ 13.28 resistance. If successful, the reverse head and shoulder pattern will be activated in the price.

Weekly Technical Analysis of Digital Currencies November 17 (November 27)
Click on the image to see the original size

The target of this uptrend will be $ 19,2731. The ascending and gradual slope of the moving averages and the relative strength of the index above the middle zone show the relative superiority of the buyers.

On the other hand, if the price moves down from current levels or upward resistance and moves below the 20-day moving average (EMA 20 – blue line in the picture), the price is likely to fall to the 50-day simple moving average (SMA 50 – red line). In the picture) will be available at $ 11. A break below $ 9.7665 will invalidate the return pattern.

  • Resistances: 13.28 – 19.2731
  • Supports: 12-11 – 9.7665

Weekly technical analysis of bitcoin cache price

On November 15, the price of Bitcoin Cash once again fell below $ 272 to $ 280 above the resistance level. This shows that strong sellers are defending this level. If the group manages to lower the price below $ 242 support, it will be possible to continue the fall to $ 231.

Weekly Technical Analysis of Digital Currencies November 17 (November 27)
Click on the image to see the original size

The 20-day moving average (EMA 20 – blue line in the picture) is horizontal, while the simple 50-day moving average (SMA 50 – red line in the picture) is moving upwards. The relative strength index is also fluctuating between the 40 and 60 levels. With these interpretations, we can say that there is a balance between supply and demand.

The price is volatile in a cross market (side or range) and it will be difficult to predict its movements. So you can wait for the price to reach the floor or ceiling of the canal. You can also wait for the range to break from above or below. If buyers manage to push the price above the $ 280 level, the price is likely to rise to $ 326.30. On the other hand, a fall below $ 231 will open the way for this move to continue at $ 200.

  • Resistances: 272 – 280 – 326.30
  • Supports: 242 – 231 – 200

Weekly technical analysis of Litecoin price

The price of Litecoin broke with its high resistance power at $ 68.9008. If the market bulls stabilize the price above this level, there is a possibility of starting a new uptrend. The next price target will be $ 80 and then $ 100.

Weekly Technical Analysis of Digital Currencies November 17 (November 27)
Click on the image to see the original size

However, the market bears will not give up easily and are trying to bring the price back below $ 68.9008. If successful, it would indicate strong selling pressure near the $ 70 psychological level.

If the price closes below $ 68.9008, sellers will try again to lower the price to the support of $ 64. If successful, this will be a warning of a momentary weakening (acceleration) of the price.

  • Resistances: 80-100
  • Supports: 68.9008

Weekly Technical Analysis of Binance coin Price

Market bears are trying to push the Bainance Coin price below the tight range of $ 27.30 to $ 28.97. The downtrend of the 20-day moving average (EMA 20 – blue line in the picture) and the relative strength index (RSI) below 47 will indicate the superiority of sellers.

Weekly Technical Analysis of Digital Currencies November 17 (November 27)
Click on the image to see the original size

If the price moves below $ 27.30 support, the next stop will be $ 25.6652. This will be an important support for the price, because buyers have strongly defended this level in the last two situations.

On the other hand, if the price jumps from the current levels and moves above the 20-day moving average (EMA 20 – blue line in the picture), buyers will try again to push the price above $ 28.97. In this case, the next price targets will be $ 30 and $ 32.

  • Resistances: 28.97 – 30 – 32
  • Supports: 27.30 – 25.6652

Weekly technical analysis of Polkadot prices

The price of Polkadot jumped above $ 4.36 on November 12 from the 20-day moving average (EMA 20 – blue line in the picture). But buyers failed to push the price above the partial resistance at $ 4.63. This indicates a lack of demand at higher levels.

Weekly Technical Analysis of Digital Currencies November 17 (November 27)
Click on the image to see the original size

However, buyers have entered the market with a drop in the price to the 20-day moving average (EMA 20 – blue line in the picture) and in the current situation are trying to push the price above the resistance of $ 4.63. Under such circumstances, the price is likely to rise to $ 4.95.

The upward slope of the 20-day moving average and the relative strength of the relative strength index (RSI) in its positive area, give buyers the advantage. This uptrend will be eliminated by the price moving from current levels and falling below moving averages. Under such circumstances, the price could fall to $ 3.80.

  • Resistances: 4.63 – 4.95
  • Supports: 3.80

Weekly Technical Analysis of Cardano Price

Cardano’s price has moved below the moving average on November 15, but buyers are trying to defend the support of $ 0.098822. If the price jumps and moves above the moving averages, buyers will once again try to push the price above $ 0.1142241.

Weekly Technical Analysis of Digital Currencies November 17 (November 27)
Click on the image to see the original size

Breaking the downtrend line and stabilizing the price above it will be the first sign of the price gaining strength. On the other hand, if the price moves downwards from the downtrend line and moves below $ 0.098822, there is a possibility that the price will fall to $ 0.08993.

Given that buyers have entered the market in the last two times with a drop in price to $ 0.0893, there is a possibility of a repeat of this move. Therefore, price jumps from this support can extend the price crossings.

The horizontal slope of the moving averages and the placement of the Relative Strength Index (RSI) in its mid-range also point to cross-price fluctuations over the next few days.

  • Resistances: 0.1142241
  • Supports: 0.0988822 – 0.08993

Weekly technical analysis of bitcoin price

On November 14, the price of the Bitcoin Swivel fell below $ 161 from the 20-day moving average (EMA 20 – blue line in the picture). This indicates that sellers are entering sell positions in sub-downward waves. If the pressure continues, there is a possibility that the price will fall to the key support of $ 146.

Weekly Technical Analysis of Digital Currencies November 17 (November 27)
Click on the image to see the original size

The bearish slope of the 20-day moving average (EMA 20 – blue line in the picture) and the relative strength index (RSI) below the level of 49, indicate the slight superiority of market bears. However, the positive point here is the formation of an upward divergence in the RSI, which indicates a weakening of the upward acceleration of prices.

If buyers push the price above the downtrend line, the price will open up to $ 181. The next trending move is likely to occur after buyers push it above $ 181 or lower it below $ 146 by sellers.

  • Resistance: 181
  • Supports: 161-146

.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button