Market Analysis of November 26, 2019

Days Analysis 13

The marketcap has been moving up (+7.33%) since yesterday. The total capitalization is 196 636 377 570 USD.

Bitcoin totals 130 316 542 030 USD of capitalization for a dominance of 66.3%. Ethereum’s marketcap is 16 083 279 771 USD, followed by Ripple with 9 523 790 614 USD.

Bitcoin Analysis

First positive reaction in weeks. A bottom reached at 6516$ before climbing back up and reaching a top at 7389$. Currently, it is evolving at a price of $7147.

After this rise, the price could correct, if the upward trend is present in the medium term, we expect a rebound at the 6800 – 6700$ level.

The Long-term channel support has been tested, but the price has come back up. If this configuration remains valid, then the price could go up to the resistance and therefore to the 8500 – 8800$.

BTC
What to do about it?

Wait for a return on support of the 6700$, if a positive reaction takes place, then, go to the purchase would be interesting.

  • The supports of the day are at 6500$ — 6200$
  • The resistances of the day are at 7400$ — 8000$

Ethereum Analysis

ETH

The situation remains similar for eth, despite a rather negative technical situation.

We have to wait and see if the $140 level will hold and serve as resistance for a rebound to $152 and then $163.

  • The supports of the day are at 140$ — 133$
  • The resistances of the day are at 152$ — 163$

Conclusion

Be carefull if the BTC and ETH rise.

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