Market Analysis of November 29, 2019

The marketcap has been moving up (0.02) since yesterday. The total capitalization is 205 291 383 155 USD.

Bitcoin totals 136 578 483 208 USD of capitalization for a dominance of 66.4%. Ethereum’s marketcap is 16 737 202 397 USD, followed by Ripple with 9 809 309 354 USD.

Bitcoin Analysis

Bitcoin closed lower and is currently trading at around $7550. Support for the $7,400 is holding up well for the moment and the BTC is back on the rise.

The daily technical situation is rather positive, despite a MACD that is not yet on the rise but is showing signs of recovery.

Over a time horizon of 4 hours, the technical situation is positive, with a WaveTrends that has just increased.

What to do about it?

BTC can decrease a little, but if the level holds, we can hope to see the 8000$.

  • The supports of the day are at 7400$ — 6800$
  • The resistances of the day are at 8000$ — 8500$

Ethereum Analysis

ETH closed lower and is now at $155. After a rebound to the $150 level, ETH went up.

The daily technical situation is rather positive and remains positive over a time horizon of 4 hours.

If the level holds, we can have a climb for ETH.

  • The supports of the day are at 150$ — 140$
  • The resistances of the day are at 163$ — 175$

Conclusion

BTC and ETH can be bullish.

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