Analytics: MATIC, XRP, BNB, BTC, ETH, LTC, Minority Mindset

Ethereum spiked above the $1,300 resistance zone against the US Dollar. ETH is correcting gains, but it remains supported near $1,250 and $1,230.

  • Ethereum gained pace for a move above $1,300 before the bears appeared.
  • The price is now trading above $1,250 and the 100 hourly simple moving average.
  • There was a break below a major bullish trend line with support near $1,280 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could correct further lower towards the $1,250 and $1,230 support levels.

Ethereum Price Eyes Another Increase

Ethereum price extended its increase above the $1,250 resistance zone. ETH even spiked above the $1,300 resistance zone and settled above the 100 hourly simple moving average, similar to bitcoin.

However, the bears were active abvoet the $1,300 resistance zone. Ether price traded as high as $1,309 before there was a downside correction. The price declined below the 23.6% Fib retracement level of the upward move from the $1,150 swing low to $1,309 high.

Besides, there was a break below a major bullish trend line with support near $1,280 on the hourly chart of ETH/USD. The pair is still trading above $1,250 and the 100 hourly simple moving average.

An immediate resistance on the upside is near the $1,290 level. The first major resistance is near the $1,300 level. A close above the $1,300 resistance might send the price further higher. The next major resistance is near the $1,350 level, above which ether price might test $1,400.

Analytics: MATIC, XRP, BNB, BTC, ETH, LTC, Minority Mindset

If the bulls remain in action above $1,400, the price could rise towards the $1,450 resistance zone. Any more gains might send the price towards the $1,500 resistance zone.

Dips Supported in ETH?

If ethereum fails to start another increase above the $1,300 resistance, it could start a downside correction. An initial support on the downside is near the $1,250 level and the 100 hourly simple moving average.

The next major support is near the $1,230 level or the 50% Fib retracement level of the upward move from the $1,150 swing low to $1,309 high. If there is a break below $1,230, the price could test the $1,180 support. Any more losses could lead the price towards the $1,150 support.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is now losing momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now just below the 50 level.

Major Support Level – $1,230

Major Resistance Level – $1,300

Bitcoin price traded above the $17,000 resistance. BTC is correcting gains and might decline towards the $16,650 support zone in the near term.

  • Bitcoin gained pace and cleared the $17,000 and $17,200 resistance levels.
  • The price is trading above $16,650 and the 100 hourly simple moving average.
  • There was a break below a major bullish trend line with support near $16,980 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could correct lower towards the $16,650 and $16,500 support levels.

Bitcoin Price Faces Bears

Bitcoin price attempted a steady increase above the $17,000 resistance zone. It even broke the $17,200 level and settled above the 100 hourly simple moving average.

However, the bears were active above the $17,200 level. A high was formed near $17,319 before the price started a downside correction. There was a move below the $17,000 support zone. The price declined below the 23.6% Fib retracement level of the upward move from the $16,000 swing low to $17,319 high.

Besides, there was a break below a major bullish trend line with support near $16,980 on the hourly chart of the BTC/USD pair. Bitcoin price is still trading above $16,650 and the 100 hourly simple moving average.

On the upside, an immediate resistance is near the $17,000 level. The first major resistance is near the $17,250 zone, above which the price may perhaps start another steady increase. In the stated case, the price could rise towards the $17,800 resistance.

Analytics: MATIC, XRP, BNB, BTC, ETH, LTC, Minority Mindset

Source: BTCUSD on TradingView.com

The next major resistance is near $18,800, above which the price could attempt a move towards the $19,500 zone in the near term.

Dips Supported in BTC?

If bitcoin fails to start a fresh increase above the $17,000 resistance, there could be more downsides. An immediate support on the downside is near the $16,800 level. The next major support is near the $16,650 zone.

The 50% Fib retracement level of the upward move from the $16,000 swing low to $17,319 high is also near the $16,650 support. A downside break below the $16,650 support might call for a move towards $16,500. Any more losses might call for a test of the key $16,000 support zone in the near term.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $16,800, followed by $16,650.

Major Resistance Levels – $17,000, $17,250 and $17,800.

MATIC price started a fresh increase from the $0.765 support zone. Polygon bulls are now aiming a fresh increase above the $1.00 resistance zone.

  • MATIC price started a decent increase above the $0.90 resistance against the US dollar.
  • The price is trading above $0.90 and the 100 simple moving average (4-hours).
  • There was a break above a key contracting triangle with resistance at $0.850 on the 4-hours chart of the MATIC/USD pair (data source from Kraken).
  • The pair could continue to rise towards the $1.00 and $1.12 resistance levels.

Polygon’s MATIC Price Eyes Steady Increase

This past month, polygon’s price declined below the $1.0 support zone. MATIC even broke the $0.85 support zone and the 100 simple moving average (4-hours).

However, the bulls were active near the $0.765 support zone. A low was formed near $0.7642 and the price started a decent recovery wave. The price was able to clear the $0.80 and $0.85 resistance levels. There was a break above the 23.6% Fib retracement level of the main drop from the $1.231 swing high to $0.764 low.

Besides, there was a break above a key contracting triangle with resistance at $0.850 on the 4-hours chart of the MATIC/USD pair. The pair is now trading above $0.90 and the 100 simple moving average (4-hours).

It gained over 5% today, outperforming bitcoin and ethereum. On the upside, an immediate resistance is near the $0.9580 level. The first major resistance is forming near the $1.00 zone. It is near the 50% Fib retracement level of the main drop from the $1.231 swing high to $0.764 low.

Analytics: MATIC, XRP, BNB, BTC, ETH, LTC, Minority Mindset

Source: MATICUSD on TradingView.com

If there is an upside break above the $0.98 and $1.00 resistance levels, the price could start another strong increase. In the stated case, the price could rise steadily towards the $1.12 level.

Dips Limited in MATIC?

If MATIC price rise above the $0.958 and $1.00 resistance levels, it could start a downside correction. An immediate support on the downside is near the $0.90 level.

The main support is near the $0.850 level and the 100 simple moving average (4-hours). A downside break below the $0.850 level could open the doors for a fresh decline towards $0.80. The next major support is near the $0.725 level.

Technical Indicators

4-hours MACD – The MACD for MATIC/USD is gaining momentum in the bullish zone.

4-hours RSI (Relative Strength Index) – The RSI for MATIC/USD is now in the overbought zone.

Major Support Levels – $0.90 and $0.85.

Major Resistance Levels – $0.95, $0.98 and $1.00.

Ethereum gained pace above the $1,250 resistance zone against the US Dollar. ETH even spiked above $1,300 and is currently correcting gains.

  • Ethereum remained well supported and even cleared the $1,280 resistance zone.
  • The price is now trading above $1,250 and the 100 hourly simple moving average.
  • There is a key bullish trend line forming with support near $1,280 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could continue to rise if it stays above the $1,250 and $1,230 support levels.

Ethereum Price Gains Bullish Momentum

Ethereum price formed a base above the $1,230 level and extended its recovery wave. ETH was able to climb above the $1,250 and $1,280 resistance levels, similar to bitcoin.

The bulls even pushed the price above the $1,300 resistance zone. A new multi-week high is formed near $1,309 and the price is now correcting gains. There was a minor decline below the $1,295 level. The price declined below the 23.6% Fib retracement level of the recent wave from the $1,255 swing low to $1,309 high.

Ether price is now trading above $1,250 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $1,275 on the hourly chart of ETH/USD.

An immediate resistance on the upside is near the $1,300 level. The first major resistance is near the $1,320 level. A clear move above the $1,320 resistance might send the price further higher. The next major resistance is near the $1,380 level, above which ether price might even clear $1,400.

Analytics: MATIC, XRP, BNB, BTC, ETH, LTC, Minority Mindset

Source: ETHUSD on TradingView.com

In the stated case, the price could rise towards the $1,450 resistance zone. Any more gains might send the price towards the $1,500 resistance zone.

Dips Limited in ETH?

If ethereum fails to continue higher above the $1,300 resistance, it could start a downside correction. An initial support on the downside is near the $1,280 level and the trend line.

The next major support is near the $1,275 level or the 61.8% Fib retracement level of the recent wave from the $1,255 swing low to $1,309 high. If there is a break below $1,275, the price could test the $1,250 support. Any more losses may perhaps start another decline towards the $1,225 support zone in the near term.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is now losing momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 level.

Major Support Level – $1,275

Major Resistance Level – $1,300

Bitcoin price was able to clear the $17,000 resistance. BTC is consolidating gains and might remain supported above the $16,750 level.

  • Bitcoin gained pace and cleared the $16,800 and $17,000 resistance levels.
  • The price is trading above $16,800 and the 100 hourly simple moving average.
  • There is a key bullish trend line forming with support near $16,950 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could rise further if it stays above the $16,500 support zone.

Bitcoin Price Extends Gains

Bitcoin price remained well bid above the $16,500 support zone. BTC gained pace and was able to clear the $16,800 resistance zone plus the 100 hourly simple moving average.

The upward move was such that the price even surpassed the $17,000 resistance zone. It traded as high as $17,250 before the bulls faced sellers. It is now consolidating gains above the $17,000 level. The price is trading near the 23.6% Fib retracement level of the upward move from the $16,690 swing low to $17,250 high.

Bitcoin price is now trading above $16,800 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $16,950 on the hourly chart of the BTC/USD pair.

On the upside, an immediate resistance is near the $17,950 level. The first major resistance is near the $17,500 zone, above which the price may perhaps start another steady increase. In the stated case, the price could rise towards the $18,000 resistance.

Analytics: MATIC, XRP, BNB, BTC, ETH, LTC, Minority Mindset

Source: BTCUSD on TradingView.com

The next major resistance is near $18,800, above which the price could gain pace for a move towards the $19,500 zone in the near term.

Dips Limited in BTC?

If bitcoin fails to climb above the $17,250 resistance, there could be a downside correction. An immediate support on the downside is near the $17,000 level. The next major support is near the $16,950 zone and the trend line.

The trend line is close to the 50% Fib retracement level of the upward move from the $16,690 swing low to $17,250 high. A downside break below the trend line might call for a move towards $16,800. Any more losses might call for a test of the key $16,500 support zone in the near term.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $16,950, followed by $16,800.

Major Resistance Levels – $17,250, $17,500 and $18,000.

Ripple is showing positive signs above the $0.365 support against the US Dollar. XRP price seems to be eyeing a fresh rally towards the $0.48 level.

  • Ripple is slowly moving higher and trading above $0.35 against the US dollar.
  • The price is now trading above $0.380 and the 100 simple moving average (4-hours).
  • There is a key bullish trend line forming with support near $0.381 on the 4-hours chart of the XRP/USD pair (data source from Kraken).
  • The pair could start a strong increase if it clears the $0.415 resistance zone.

Ripple Price Eyes Upside Break

After a strong decline, ripple’s XRP found support near the $0.320 zone against the US Dollar. The price started a decent increase above the $0.332 and $0.350 resistance levels.

The bulls were able to lift the price above the 23.6% Fib retracement level of the key drop from the $0.5098 swing high to $0.3200 swing low. xrp price is now trading above $0.380 and the 100 simple moving average (4-hours). There is also a key bullish trend line forming with support near $0.381 on the 4-hours chart of the XRP/USD pair.

It seems to be facing a major resistance near the $0.415 level. It is close to the 50% Fib retracement level of the key drop from the $0.5098 swing high to $0.3200 swing low. The next major resistance is near the $0.438 level.

Analytics: MATIC, XRP, BNB, BTC, ETH, LTC, Minority Mindset

Source: XRPUSD on TradingView.com

A successful break above the $0.438 resistance might send the price towards the $0.465 resistance. The next key resistance is near the $0.480 level. Any more gains might send the price towards the $0.50 level in the coming days.

Dips Limited in XRP?

If ripple fails to clear the $0.415 resistance zone, it could start a downside correction. An initial support on the downside is near the $0.381 level, the trend line, and the 100 simple moving average (4-hours).

The next major support is near $0.350. If there is a downside break and close below the $0.350 level, xrp price could extend losses. In the stated case, the price could even decline below the $0.320 support.

Technical Indicators

4-Hours MACD – The MACD for XRP/USD is now gaining pace in the bullish zone.

4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.

Major Support Levels – $0.381, $0.365 and $0.350.

Major Resistance Levels – $0.415, $0.438 and $0.480.

Ethereum managed to clear the $1,230 resistance zone against the US Dollar. ETH tested $1,280 and seems to be forming a strong support near $1,230.

  • Ethereum gained bullish momentum and cleared the $1,230 resistance zone.
  • The price is now trading above $1,230 and the 100 hourly simple moving average.
  • There is a short-term bullish trend line forming with support near $1,230 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could continue to rise if it stays above the $1,230 and $1,200 support levels.

Ethereum Price Rallies Above Resistance

Ethereum price remained well bid above the $1,150 support zone. ETH formed a base and started a fresh increase above the $1,200 resistance, similar to bitcoin.

The price cleared the key resistance near the $1,230 and $1,250 levels. The upward move was such that the price traded as high as $1,280. It is now consolidating gains near the $1,265 level. Ether price is also trading above $1,230 and the 100 hourly simple moving average.

The bulls are currently active above the 23.6% Fib retracement level of the recent increase from the $1,150 swing low to $1,280 high. There is also a short-term bullish trend line forming with support near $1,230 on the hourly chart of ETH/USD.

Analytics: MATIC, XRP, BNB, BTC, ETH, LTC, Minority Mindset

Source: ETHUSD on TradingView.com

An immediate resistance on the upside is near the $1,280 level. The first major resistance is near the $1,300 level. The next major resistance is near the $1,330 level, above which ether price might start another bullish wave. In the stated case, the price could rise towards the $1,380 resistance zone. Any more gains might send the price towards the $1,420 resistance zone.

Dips Supported in ETH?

If ethereum fails to climb above the $1,280 resistance, it could start a downside correction. An initial support on the downside is near the $1,250 level.

The next major support is near the $1,230 level and the highlighted trend line. If there is a break below $1,230, the price could test the $1,200 support, where the bulls could emerge. Any more losses may perhaps start another decline towards the $1,150 support zone in the near term.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is now losing momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 level.

Major Support Level – $1,230

Major Resistance Level – $1,280

Bitcoin price gained bullish momentum above the $16,500 resistance. BTC could rise further if there is a close above the $17,000 resistance.

  • Bitcoin started a decent increase above the $16,500 and $16,650 resistance levels.
  • The price is trading above $16,500 and the 100 hourly simple moving average.
  • There was a break above a major bearish trend line with resistance near $16,450 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could rise further if there is a close above the $17,000 resistance.

Bitcoin Price Gains Bullish Momentum

Bitcoin price formed a base above the $16,200 support zone. BTC started a steady increase and was able to clear the $16,500 resistance zone and the 100 hourly simple moving average.

During the increase, there was a break above a major bearish trend line with resistance near $16,450 on the hourly chart of the BTC/USD pair. The pair even surpassed the 76.4% Fib retracement level of the downward move from the $16,589 swing high to $16,000 low.

Bitcoin price is now trading above $16,500 and the 100 hourly simple moving average. It is testing the 1.618 Fib extension level of the downward move from the $16,589 swing high to $16,000 low.

Analytics: MATIC, XRP, BNB, BTC, ETH, LTC, Minority Mindset

Source: BTCUSD on TradingView.com

On the upside, an immediate resistance is near the $16,950 level. The first major resistance is near the $17,000 zone, above which the price may perhaps accelerate higher. In the stated case, the price could test the $17,500 resistance. The next major resistance is near $18,000, above which the price could gain pace for a move towards the $18,800 zone.

Dips Supported in BTC?

If bitcoin fails to climb above the $17,000 resistance, there could be a downside correction. An immediate support on the downside is near the $16,800 level.

The next major support is near the $16,500 zone or the 100 hourly SMA, below which the price decline further. In the stated case, the price might drop towards the $16,200 support zone. Any more losses might call for a test of the key $16,000 support zone in the near term.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $16,800, followed by $16,500.

Major Resistance Levels – $16,950, $17,000 and $17,500.

BNB is currently trading at $300.082 with a 24-hour trading volume of $1,059,515,334. Despite the general market slump, the coin has been one of the top performers. It currently ranks at the number four position on CoinMarketCap. 

The coin has a 24-hour low of 289.76 and a 24-hour high of $304.82. The price change in 24 hours is increase of 2.36%. However, this price change does not truly convey the strength of the token in the market.

BNB’s trading volume increased by 3.51% in the last 24 hours. There is growing optimism among investors on the short; and long-term value of the coin. Its market dominance is currently at 5.755. 

Recent highs and lows; and open and close indicate that the token is likely going on the bullish run. Binance’s coin traded at $307.16 (low) and $316.22(high). This slight change is viewed by many as a false bearish breakout.

The market sentiment for BNB is optimistic, and fear levels have dropped.

What Is Pushing The BNB Rally?

BNB’s current rally; is supported by a combination of different economic factors. At a macroeconomic level, the Feds, in the meeting held on November 1-2, 2022 – decided on the rates. 

They concluded that the interest rates hike would eventually be relaxed in the recently released minutes of the event.

Also, in the wake of disastrous events like the collapse of Celsius and FTX, Binance’s commitment to transparency is paying off. According to a Reuters report: Changpeng Zhao, CEO of Binance, stated that rather than fighting crypto: it should be regulated.

After the losses suffered by FTX investors, Binance offered users assurances of their reliability. Some experts also attribute this to a growing belief that the crypto winter has reached its endpoint.

Analytics: MATIC, XRP, BNB, BTC, ETH, LTC, Minority Mindset

The Bulls Gain Control Of BNB

BNB price is presently showing bullish sentiments as crypto investors prepare for a potential revival. The price has been on a recovery path this week, with bullish pressure pushing for up to 14% gains. The 50-day SMA is now above the 200-day SMA.

The bulls will likely target the $320 resistance before the bear might act on the price significantly. Generally, the cryptocurrency market is slowly coming back to life. Market interest is also high for BNB, meaning demand is higher than supply, and prices will increase. 

The MACD is currently showing signs of attempting a bullish divergence. Both the MACD and its signal line are pointing upwards. BNB will have to stay above $300 for the next few days to avoid a possible price correction.

BNB is most likely to continue its bullish run since it has wide adoption by users. Also, there is a possibility that the whales or individual traders will likely stockpile the coin. Experts predict the price of BNB to keep increasing before the end of the year.

The key levels to watch are 304.78, 308.78,313.85 for resistance and 286.64, 290.64, and 295.71 as pivot support points. BNB will likely continue its bullish run in the short term and beyond – depending on its interaction with other market forces.

Litecoin price started a steady increase above the $65 resistance against the US Dollar. LTC is currently rising and might rally further towards the $100 level.

  • Litecoin started a strong increase above the $55 and $65 levels against the US Dollar.
  • The price is now trading above $65 and the 100 simple moving average (4-hours).
  • There is a key bearish trend line forming with resistance near $77.50 on the 4-hours chart of the LTC/USD pair (data feed from Kraken).
  • The price must clear the $77.50 and $84 to rise towards the $100 resistance zone.

Litecoin Price Outperforms Bitcoin

In the past few days, litecoin price saw a decent increase above the $50 level against the US Dollar. LTC price rallied over 20% and outperformed both bitcoin and ethereum.

There was a move above the $65 and $75 resistance levels. The price even surpassed $80 and settled above the 100 simple moving average (4-hours). It traded as high as $83.35 before there was a downside correction. There was a move below the $80 and $75 support levels.

The price declined below the 23.6% Fib retracement level of the upward move from the $59.17 swing low to $83.35 high. However, litecoin price is now trading above $65 and the 100 simple moving average (4-hours).

It stayed above the 50% Fib retracement level of the upward move from the $59.17 swing low to $83.35 high. On the upside, an immediate resistance is near the $77.50 level.

Analytics: MATIC, XRP, BNB, BTC, ETH, LTC, Minority Mindset

Source: LTCUSD on TradingView.com

There is also a key bearish trend line forming with resistance near $77.50 on the 4-hours chart of the LTC/USD pair. If there is a clear break above the $77.50 resistance, the price could start a strong increase. In the stated case, the price is likely to continue higher towards the $85 and $90 levels. Any more gains might send ltc price towards the $100 resistance zone.

Dips Limited in LTC?

If Litecoin price fails to clear the $77.50 resistance level, there could be another pullback. An initial support on the downside is near the $71.20 level.

The first major support is forming near the $68 level. Any further losses may perhaps send the price towards the $55 support in the coming sessions.

Technical indicators:

4-hours MACD – The MACD is slowly moving into the bullish zone.

4-hours RSI (Relative Strength Index) – The RSI for LTC/USD is currently above the 50 level.

Major Support Levels – $71.20 followed by $68.00.

Major Resistance Levels – $77.50 and $85.00.

2022-12-03 05:04