Days Analysis 14

Market Analysis of November 27, 2019

The marketcap has been moving down (-1.02%) since yesterday. The total capitalization is 194 623 308 343 USD.

Bitcoin totals 128 343 819 149 USD of capitalization for a dominance of 66.20%. Ethereum’s marketcap is 16 015 745 529 USD, followed by Ripple with  9 525 447 368 USD.

Market Sentiment

HOW TO READ THE MARKET SENTIMENT ?

Bitcoin Analysis

The Bitcoin has closed up but comes back to test the 6800$ zone. In the absence of a rebound we can expect a 6500$ test. In case of a rebound we can expect a 7400$ test again.

The daily technical situation is rather negative despite a WaveTrends that is increasing.

Over a time horizon of 4 hours, the technical situation remains rather negative.

 

What to do about it?

Wait to see if the $6,800 level will serve as resistance before positioning yourself.

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

Ethereum Analysis

ETH closed up but is already coming back to test the $140. If the level holds well, we can expect a return of $152.
The daily technical situation is rather negative with signs of recovery. The WaveTrends has just crossed over to the rise. Over a time horizon of 4 hours, the technical situation remains rather negative.

The supports and resistors do not change for the moment.

  • The supports of the day are at 144$ — 133$
  • The resistances of the day are at 152$ — 163$

Conclusion

Wait for a rebound for BTC and ETH 

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