Cryptocurrency prices analysis and forecast – 1 November 2018steemCreated with Sketch.

in #analysis5 years ago


BTC/USD


BTC/USD is being traded at $6,353 and is in correction after a recent impulse. For the last trading day, the price tested the support zone, after which it was pushed up. However, the bulls failed to break through the resistance zone and at the moment we are seeing quotes at the same levels as the last two days. The closer the price approaches the psychological level of $6,000, the more interesting the situation becomes. Now it is possible to designate intermediate levels of $6,450 - $6,240, between which, probably, in the coming days the price will be. Now market participants will have to wait for quotes to go outside this region.
BTC/USD Forecast and analytics 1 November 2018
BTC/USD Forecast and analytics 1 November 2018

As part of the forecast for November 1, we can expect a flat-like price movement in the range of $6,450 - $6,260. How long the price will last in this range is difficult to say, because the level of interest remained at the same level as yesterday - at $6,335. In fact, the movement that we saw, in general, had no effect on the situation. It turned out to be empty and ineffective. It looks more like provocation and price manipulation. The purpose of such actions is to slow down the fall of Bitcoin. Therefore, in the near future, instead of falling to $6,000, we will see a flat.

Cancellation of the development of flat movement with the advantage of a further fall will be pulsed growth and the breakdown of the resistance level of $6,500. In the case of consolidation above, growth is likely to $6,700, then - to $7,150.

ETH/USD


ETH/USD is being traded at $198.43 and is in correction after a recent pulse. This coin is closely correlated with the previous one. Here we see the same "ineffective" provocation that did not shift the zone of interest of market participants to this asset by even a single cent. A temporary stop before further falling will be expressed in the form of a flat within the limits of $201.60 - $194.50.
ETH/USD Forecast and analytics 1 November 2018
ETH/USD Forecast and analytics 1 November 2018

As part of the forecast for November 1, we can expect a flat-like movement. It's hard to say, how long the price will last in this range of $201.60 - $194.50. The zone of interest remained at the same levels of $198.90 - $197.90 and market participants will have to gain new positions since old were scattered by the recent movement. Therefore, in the near future, we will probably expect the price to leave the indicated flat boundaries.

The abolition of the development variant of the flat movement with the advantage of a further fall will be the impulse growth, with the goal at $201.00. Fixing the price above it will allow us to expect further growth to $206.00 and $212.00.

XRP/USD


XRP/USD is being traded at $0.45213 and is in correction after a recent pulse. The situation with this coin is not fundamentally different from the two previous ones, except for the fact that here the area of buyers' interest has nevertheless shifted higher, thereby threatening the sellers' demand zones. With enough pressure, the bulls have a chance of breaking the trend. But it is known to be better to sell at more higher prices, so we will see who ultimately prevails after the price goes beyond the flat, which we will observe for a while.
XRP/USD Forecast and analytics 1 November 2018
XRP/USD Forecast and analytics 1 November 2018

As part of the forecast for November 1, we can expect a flat-like price movement in the range of $0.46000 - $0.44000. It is difficult to say now how exactly the movement will develop within such a fairly wide range, perhaps the situation will clear up at the end of the trading day on Thursday.

An alternative scenario is the continuation of impulse growth, with a goal of $0.47000.

XMR/USD


XMR/USD is being traded at $105.150 and is in the correction after a recent rise. The most harmonious and beautiful past impulse of fictitious growth looks exactly on the chart of this coin. But, no matter how promising and legitimate it would look, unfortunately, this growth is just as false as everywhere else. It can be noted that either the bulls themselves tried to break through the sellers' interest zone at their expense, or they were just lucky. Alas, without success. Therefore, a return to support levels will not take long.
XMR/USD Forecast and analytics 1 November 2018
XMR/USD Forecast and analytics 1 November 2018

As part of the forecast for November 1, we can expect a flat-like price movement in the range of $105.800 - $102.600. It is possible that during the trading day on Thursday, buyers will try to settle above the levels of sellers if the latter do not intercept these marks for more profitable sales.

An alternative scenario is the continuation of active growth to the level of $109.000. If the price manages to consolidate on it, then we can expect the further upward movement to $114.000.


Posted from my blog with SteemPress : https://coinatory.com/2018/10/31/cryptocurrency-prices-analysis-and-forecast-1-november-2018/

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