#Crypto = Daily Pulsecheck = 18.11.2021 #XRP #THETA #LTC #ETH #UNI #DOT #MATIC #cryptocurrency #BTC $BTC #trading

The correction in the #crypto world looks systemic. The magnitude and the sharpness of the initial waves down signal that it is possibly just the beginning of a deeper correction.

As the candles signaled a few days ago, the decline continues:
https://investingangles.com/2021/11/16/crypto-pulsecheck-daily-perspective-16-11-2021-xrp-theta-ltc-eth-uni-dot-matic-cryptocurrency-btc-btc/

Let’s decipher the candlespeak for the sample of 8 popular cryptocurrencies.

General observation: the volume on the red days is higher than the volume on green days in the last 10 days across the sector. It is not a healthy sign.

$BTC – formed a bearish continuation candle on high volume; moved strongly below 50 DMA; 8 and 20 EMA are to cross 50 DMA in the next few days. Odds: bearish.

$THETA – made a bearish candle, but not very strong. Thrusting Line is viewed as bearish continuation; price below 50 and 100 DMA. The coin could consolidate for a few days before moving lower. Odds: Neutral-Bearish

$XRP – formed one more Falling 3 Methods. A move lower is almost guaranteed. Odds: Bearish

$UNI – made a Falling 3 Methods, flipped PSAR bearish. $BTC – formed a bearish continuation candle on high volume; moved strongly below 50 DMA; 8 and 20 EMA are to cross 50 DMA in the next few days. Odds: bearish.

$ETH – was rejected at 20 EMA line and fell below 50 DMA. As the price moved below BB, expect a few days of horizontal moves until indicators normalize. Odds: Neutral-Bearish

$LTC – completed a Tower Top formation, expected to move down after a pause or right away. Odds: Bearish

$MATIC – canceled the bullish hopes with the Piercing Line of yesterday. Moved strongly below 50 DMA. Odds: Bearish

$DOT – a bearish candle, somewhat weaker. The price moved below 50 DMA and is likely stay there. Odds: Bearish.

Yesterday’s Pulsecheck:
https://investingangles.com/2021/11/17/crypto-pulsecheck-daily-perspective-17-11-2021-xrp-theta-ltc-eth-uni-dot-matic-cryptocurrency-btc-btc/

Latest details/waves for $BTC and $ETH:

https://investingangles.com/2021/11/18/btc-daily-analysis-18-11-2021-btc-bitcoin-crypto-cryptocurrency-investing-trading/
https://investingangles.com/2021/11/18/ethereum-micro-path-8-18-11-2021-eth-eth-crypto-btc-btc/

Follow the blog on Twitter @InvestingAngles and/or subscribe:
https://investingangles.com/subscription/

%d bloggers like this: