Bitcoin & Ethereum – Market Review Monday, November 14

Bitcoin Analysis – Medium Term

Breakout of critical support, which supported the prices wonderfully. Located at $18,500. The candle is large and the volumes strong: the sellers are regaining control. The first objective remains the Fibonacci extension, at $14,615.

Bitcoin Analysis – Short Term

After the two strong candles on Tuesday and Wednesday, prices ended up producing a technical rebound. The locks of these two days remain one first short term support before Fibonacci extension. There too the Fibonacci extension is the first support.

Ethereum Analysis – Medium Term

Prices remained blocked by the weekly Kijun and the medium-term resistance. Closing is less catastrophic than Bitcoin as prices are still supported by the Fibonacci ratio at $1,207. It is necessary to consider the $994 if this support breaks.

Ethereum Analysis – Short Term

There too, the $1,207 plays a key role. That prices must absolutely defend to keep any hope of a rebound towards $1,377 which remains the technical zone to push in to reverse the steam.

Dollar Analysis – Medium term

Big turnaround after falling inflation figures. This gives a sell technical signal with a breakout of the weekly Kijun. Also, the MACD crosses on the downside, which confirms this signal..

Dollar Analysis – Short Term

Same situation as in the medium term, with first support now located at 105 points.

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