Price analysis 11/15: BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, SHIB, LUNA

Bitcoin (BTC) could not sustain its gains and succumbed to profit-booking every bit the U.South. trading markets started the week, possibly indicating that bears have not given upwardly however.

PlanB, creator of the popular BTC stock-to-period model, does not seem to be perturbed past the boring price activeness of the past few days. The annotator believes that his worst-case scenario projection of $98,000 by Dec. one and $135,000 by Jan. 1 remains in identify.

Still, long-term holders practice non seem to be waiting for higher levels and take started booking profits, co-ordinate to analyst William Clemente who cited Glassnode data. According to Clemente, "balderdash market distribution has begun."

*Daily cryptocurrency market place performance. Source:* *Coin360*

Not everyone is bullish on Bitcoin. Billionaire fund manager Kyle Bass told Investor's Podcast Network that making money from Bitcoin will exist "really hard" from the current levels considering of the intense regulation by the Usa authorities.

Could lower levels concenter buying by the bulls or will traders continue to book profits? Permit's study the charts of the top ten cryptocurrencies to find out.

BTC/USDT

Bitcoin bounced off the 20-day exponential moving average (EMA) ($63,232) on November. 12, simply the bears are posing a stiff claiming at the overhead resistance zone at $67,000 to $69,000.

The relative strength alphabetize (RSI) has formed a negative divergence indicating that the bullish momentum may be weakening. The BTC/USDT pair has formed a surly ascent wedge pattern, which will complete on a break and close beneath the support line.

If that happens, information technology volition advise that traders are booking profits aggressively and that may result in a slide to the 50-solar day uncomplicated moving average (SMA) ($58,396). The design target of the rising wedge pattern is $53,770.

Reverse to this assumption, if the cost turns up from the current level and breaks above $67,000, the next stop could be $69,000. A break and shut above the resistance line of the wedge could open up the doors for a possible rally to $75,000.

ETH/USDT

Ether (ETH) dipped below the support line of the ascending channel on Feb. 14 merely the long tail on the 24-hour interval'south candlestick suggests stiff buying at lower levels. The bulls attempted to resume the uptrend today but the long wick on the candlestick indicates selling most $4,800.

The bears will now make 1 more attempt to sink and sustain the price below the support line of the channel and the twenty-24-hour interval EMA ($4,491). If they succeed, it will propose a change in the short-term trend. The ETH/USDT pair could and then drop to the 50-day SMA ($3,980).

Conversely, if the price in one case once more rebounds off the back up line, it will suggest that bulls are aggressively defending this level. The buyers will so endeavour to overcome the hurdle at $4,868 and push button the pair to the psychological mark at $5,000. The bullish momentum could selection upwards further if bulls thrust the price in a higher place the channel.

BNB/USDT

Binance Coin (BNB) is attempting to break higher up the Nov. 7 loftier at $669.30 but the bears are in no mood to relent. They are defending the overhead resistance aggressively.

The BNB/USDT pair formed a Doji candlestick pattern on Nov. 14, signaling indecision among the bulls and the bears. If this uncertainty resolves to the downside, the pair could slide to the xx-day EMA ($593).

The bears will take to pull the price below $573 to deepen the correction to the 61.8% Fibonacci retracement level at $524.lxx.

On the other mitt, if the price turns upward from the current level or the twenty-twenty-four hour period EMA, information technology will indicate that sentiment remains positive and traders are buying on dips. A break above $669.xxx could issue in a retest of the best high at $691.fourscore. The bullish momentum could pick upwardly if buyers button and sustain the pair to a higher place this level.

SOL/USDT

Solana (SOL) rebounded off the support line of the ascending aqueduct on Nov. 13, indicating that bulls continue to buy on dips. The bulls will now attempt to push the cost higher up the overhead resistance at $248 and challenge the all-fourth dimension high at $259.90.

The upsloping moving averages and the RSI in the positive territory indicate that the path of least resistance is to the upside. If bulls button the price above the best high, the SOL/USDT pair could rally to the resistance line of the ascending aqueduct.

This positive view volition invalidate if the price turns downwards from the current level and breaks below the support line of the channel. That could articulate the path for a possible decline to the fifty-mean solar day SMA ($189).

ADA/USDT

Cardano (ADA) has been trading beneath the xx-day EMA ($2.06) for the past three days only the bears have not been able to capitalize on this and pull the cost to the strong support at $ane.87.

The flattish twenty-day EMA and the RSI just below the midpoint advise a range-spring activity in the nigh term.

If bulls propel the toll in a higher place the downtrend line, it will suggest that the bears may be losing their grip. The ADA/USDT pair could then rise to the overhead resistance at $2.47 where the bears may once again mount a stiff resistance.

Alternatively, if the cost turns down from the electric current level, the pair could drop to $1.87. The bears will have to pull the price beneath this support to signal the kickoff of a downtrend.

XRP/USDT

Ripple (XRP) has been sustaining to a higher place the 20-day EMA ($ane.17) for the by few days simply the bulls are struggling to push the toll above the overhead resistance at $1.24. The long wick on Nov. 15's candlestick suggests that bears are selling at higher levels.

The failure to push the price above $1.24 may prompt profit-booking from short-term traders. That may pull the price to the 50-mean solar day SMA ($1.10). If this support also cracks, the bears may smell an opportunity and try to sink the XRP/USDT pair beneath $ane.

On the contrary, if the toll rebounds off the current level and breaks to a higher place $one.24, it volition betoken that buyers have overpowered the bears. That could clear the path for a possible rally to $1.41. The bulls will have to clear this hurdle to gain the upper hand.

DOT/USDT

Polkadot (DOT) broke below the 20-twenty-four hour period EMA ($47.xv) on Nov. 10 but the bears could non build upon this reward and sink the price to the 50-day SMA ($41.33). This suggests that traders are buying at lower levels.

The DOT/USDT pair has been clinging to the 20-twenty-four hours EMA for the past few days, increasing the prospects of a break above it. If that happens, the pair could rise to $49.78 and thereafter challenge the all-fourth dimension high at $55.09.

Conversely, if the price turns down from the current level and breaks beneath $44.04, the pair could slide to the 50-solar day SMA. The bears will have to pull the toll below the strong back up at $40 to gain the upper hand.

Related: Litecoin grapples with 'double top' risks after LTC price rallies 37% in November

DOGE/USDT

Dogecoin (DOGE) has been trading between the moving averages for the past few days. The bulls pushed the price above the 20-day EMA ($0.26) on November. 14 but the long wick on the candlestick suggests that bears are aggressively defending the downtrend line.

The 20-twenty-four hour period EMA has flattened out and the RSI is almost the center, suggesting a status of equilibrium betwixt the bulls and the bears.

A breakout and close above the downtrend line volition exist the starting time sign that the selling force per unit area may be reducing. The DOGE/USDT pair could then rising to $0.thirty and subsequently to the overhead resistance at $0.34.

On the contrary, the selling could intensify if bears sink the price below the l-twenty-four hour period SMA. The pair could and so driblet to $0.22 and side by side to the strong support at $0.19.

SHIB/USDT

SHIBA INU (SHIB) has been aquiver above and below the xx-day EMA ($0.000053) for the past few days, indicating a lack of clear direction.

The apartment 20-day EMA and the RSI near the midpoint suggest a rest between supply and demand. If buyers push the cost higher up $0.000057, the SHIB/USDT pair could endeavor to rally to the overhead resistance at $0.000065.

On the other mitt, a intermission below $0.000048 could open up the doors for a possible pass up to the stiff support at $0.000043. The next trending move could get-go on a break above $0.000065 or on a break below $0.000043.

LUNA/USDT

Terra's LUNA token rebounded off the 20-day EMA ($48.23) on Nov. 13, indicating that bulls go on to buy on dips to this support. The rising moving averages and the RSI in the positive zone indicate that buyers have the upper paw.

The LUNA/USDT pair formed an inside-twenty-four hours candlestick pattern on Nov. fourteen, suggesting indecision among the bulls and the bears.

If bulls drive the price above $53.43, the pair could retest the all-time loftier at $54.95 and thereafter rally to the resistance line of the wedge. The bullish momentum could pick upward if buyers thrust the price to a higher place the resistance line.

This bullish view will invalidate if the toll turns down and breaks beneath the support line of the wedge. That may pull the price to the l-mean solar day SMA ($43.26).

The views and opinions expressed hither are solely those of the writer and do not necessarily reflect the views of Cointelegraph. Every investment and trading motion involves risk. Y'all should conduct your own enquiry when making a conclusion.

Market data is provided by HitBTC exchange.