Price analysis 11/15: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, MATIC, LINK, TON

10 months ago

Bitcoin (BTC) succumbed to profit-booking connected Nov. 13 and 14, which pulled the terms beneath $35,000. Corrections are a mean portion of each up-move and are considered steadfast arsenic they shingle retired the anemic hands and let the stronger hands to adhd to their positions.

A enactment of caution to the anxious dip buyers is that Glassnode information shows the fig of whale wallets with much than $1,000 Bitcoin dropped to its lowest level successful astir a month. This indicates that immoderate whales whitethorn person sold into the caller strength.

DecenTrader co-founder Filbfilb said successful an interrogation with Cointelegraph that a drawdown could travel earlier the rally starring into Bitcoin halving successful April 2024. Filbfilb believes Bitcoin could prime up gait aft that and scope $46,000 to $48,000 by halving.

Could Bitcoin and the prime altcoins resume their uptrend, oregon volition higher levels pull coagulated selling by the bears?

Let’s analyse the charts of the apical 10 cryptocurrencies to find out.

Bitcoin terms analysis

Bitcoin re-entered the ascending transmission signifier connected Nov. 13, which whitethorn person trapped the assertive bulls. That started a liquidation, which pulled the terms to the channel’s enactment enactment connected Nov. 14.

The beardown bounce disconnected the enactment enactment suggests that little levels proceed to pull buyers. The bulls volition effort to propulsion the BTC/USDT brace supra the absorption line, but whitethorn brushwood beardown selling by the bears.

If the terms turns down and breaks beneath the channel, it volition suggest that traders are rushing to the exit. That whitethorn yank the terms to the $32,400 to $31,000 enactment zone. The bulls are expected to aggressively bargain astatine little levels. The bulls volition beryllium backmost successful power aft they shove the terms supra $38,000.

Ether terms analysis

Ether (ETH) turned up connected Nov. 13, but the agelong wick connected the day’s candlestick suggests selling astatine higher levels. The selling continued connected Nov. 14, and the terms slipped beneath the intelligence level of $2,000.

The nonaccomplishment of the bulls to flip the $2,000 level into enactment is simply a antagonistic sign, but a solace is that buyers held the 20-day exponential moving mean ($1,921) connected the downside. If buyers clasp the terms supra $2,000, it volition bespeak vigorous buying astatine little levels. The ETH/USDT brace whitethorn past retest the overhead portion betwixt $2,137 and $2,200.

Conversely, if the terms turns down and breaks beneath the 20-day EMA, it volition awesome that the bears are backmost successful the game. That could wide the way for a diminution to the 50-day SMA ($1,745).

BNB terms analysis

BNB (BNB) broke beneath the 20-day EMA ($239) connected Nov. 14 but snapped backmost from the coagulated enactment astatine $235. This suggests robust buying astatine little levels.

The upsloping moving averages and the comparative spot scale (RSI) successful the affirmative territory suggest that bulls person a flimsy edge. Buyers volition effort to propulsion the terms to the $258 to $265 overhead absorption zone.

Sellers are expected to support this portion with vigor. If the terms turns down sharply from $265, the BNB/USDT brace whitethorn driblet to $235 and oscillate betwixt these 2 levels for immoderate time.

XRP terms analysis

XRP (XRP) pierced the $0.74 absorption connected Nov. 13 and past turned down quickly, indicating assertive selling astatine higher levels.

The selling continued connected Nov. 14, pulling the terms beneath the 20-day EMA ($0.62). This level is apt to witnesser a pugnacious conflict betwixt the bulls and the bears. If the terms maintains beneath the 20-day EMA, the adjacent halt could beryllium the 50-day SMA ($0.56). Such a determination suggests that the XRP/USDT brace whitethorn plaything betwixt $0.56 and $0.74 for a while.

The bulls volition beryllium backmost successful the driver’s spot aft they propel the terms supra the overhead absorption astatine $0.74. The brace whitethorn past ascent to $0.85 and aboriginal to $1.

Solana terms analysis

The bears tried to commencement a correction successful Solana (SOL) connected Nov. 13, but the bulls stepped successful and arrested the diminution astatine $51 connected Nov. 14.

Buying continued connected Nov. 15, and the bulls are trying to flooded the obstruction astatine $64. If they negociate to bash that, the SOL/USDT brace could commencement the adjacent limb of the uptrend. The brace whitethorn past rally to $77 and subsequently to $95.

The hazard to the upside determination is that the RSI has been successful overbought territory for the past respective days. That suggests the rally is overextended successful the adjacent word and whitethorn witnesser a correction oregon consolidation.

Cardano terms analysis

Cardano (ADA) remained supra $0.38 from Nov. 10 to 12, but the bulls could not physique upon the adjacent limb of the uptrend. That whitethorn person tempted short-term traders to publication profits, pulling the terms to the 20-day EMA ($0.34) connected Nov. 14.

The ADA/USDT brace rebounded sharply disconnected the 20-day EMA, arsenic seen from the agelong process connected the candlestick. Buyers volition effort to propel the terms to the $0.38 to $0.39 absorption zone. If bulls flooded this obstacle, the brace could rally to $0.46.

Instead, if the terms turns down and plunges beneath the 20-day EMA, it volition unfastened the doors for a imaginable diminution to $0.32. Such a determination volition bespeak that the brace whitethorn consolidate betwixt $0.24 and $0.38 for a fewer days.

Dogecoin terms analysis

Dogecoin (DOGE) failed to prolong supra $0.08 connected Nov. 11 and 12, resulting successful a correction to the 20-day EMA ($0.07) connected Nov. 14.

The bears pulled the terms beneath the 20-day EMA, but the agelong wick connected the candlestick shows coagulated buying astatine little levels. The bulls volition again effort to propulsion the terms to $0.08, wherever they are apt to brushwood beardown selling by the bears.

If the terms turns down from $0.08 and breaks beneath the 20-day EMA, it volition bespeak that the DOGE/USDT brace whitethorn enactment range-bound for a while. Contrarily, a interruption and adjacent supra $0.08 volition awesome the commencement of the adjacent limb of the up-move to $0.10.

Polygon terms analysis

Polygon (MATIC) witnessed immense volatility connected Nov. 13 and 14, arsenic seen from the ample intraday ranges. This indicates an aggravated conflict betwixt the bulls and the bears.

The nonaccomplishment of the bulls to prolong the terms beneath the $0.89 level suggests that the bulls are trying to flip the level into support. The bulls whitethorn again look stiff absorption from the bears astatine the intelligence level of $1.

If the terms turns down from this level but does not gaffe beneath $0.89, it volition summation the likelihood of the resumption of the uptrend. Above $1, the MATIC/USDT brace could scope $1.20. On the contrary, a autumn beneath $0.84 could commencement a correction to the 20-day EMA ($0.77).

Chainlink terms analysis

Chainlink (LINK) is correcting successful a beardown uptrend. The terms dipped to the 20-day EMA ($13.16) connected Nov. 14, which is apt to enactment arsenic a formidable support.

If the bounce disconnected the 20-day EMA sustains, the bulls volition effort to propulsion the terms to the section precocious of $16.60. This is simply a captious level to ticker retired for due to the fact that a interruption supra it volition awesome the resumption of the uptrend. The LINK/USDT brace could adjacent rally to $20.

Contrary to this assumption, if the terms turns down from $16.60, it volition suggest that the bears stay progressive astatine higher levels. That could support the brace stuck betwixt $16.60 and the 20-day EMA for immoderate time.

Toncoin terms analysis

Toncoin (TON) recovered enactment astatine $2.31 connected Nov. 12, but the rebound was short-lived. The terms turned down and plummeted beneath $2.31 connected Nov. 14.

The nonaccomplishment of the bulls to support the 20-day EMA ($2.31) suggests that the affirmative momentum is weakening. Both moving averages person flattened out, and the RSI is adjacent the midpoint, indicating a range-bound enactment successful the adjacent term.

On the downside, if the 50-day SMA cracks, the TON/USDT brace could autumn to $2 and thereafter to $1.89. Buyers are expected to defender this level with vigor. The bulls volition person to propel the terms supra $2.77 to bespeak the commencement of the adjacent limb of the up-move.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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