Here is the Critical Forecast for SHIB, DOGE, ADA, BTC and 6 Altcoins!

In the short-term, will Bitcoin and altcoins rebound from strong support levels or will profit booking push prices much lower? Let’s examine the charts of the top 10 cryptocurrencies to find out.

First, BTC, ETH, BNB, ADA and SOL analysis

Bitcoin (BTC)

Analyst Rakesh Upadhyay states that Bitcoin reversed its direction from $69,000 on November 10, falling to the 20-day exponential moving average (EMA) ($62,532) and the long tail on the candlestick of the day indicates a strong buy at the 20-day EMA.

However, the bulls failed to support the November 11 recovery, suggesting hesitant to buy higher. The analyst states that the bears renewed their sales on November 12 and tried to keep the price below the 20-day EMA and continues his analysis in the following direction:

If they are successful, BTC could drop to the 50-day simple moving average (SMA) ($57,048). The negative divergence in the relative strength index (RSI) also warns that the bulls may lose their grip. Conversely, if the price bounces off the current level, it will indicate that the sentiment is positive and traders continue to pile up on the dips. A break and close above $69,000 will signal a resumption of the uptrend. BTC could rally to $75,000 later.

Ethereum (ETH)

The analyst states that Ethereum dropped from $ 4,868 on November 10 and regressed to the support line of the ascending channel, and states that the bulls bought this decline, tried to continue the upward movement on November 11, but higher levels again attracted sales.

According to the analyst, ETH fell back to the support line of the channel on November 12 and if the price bounces back from this level, the bulls will try to continue the uptrend by pushing the price above the all-time high of $4,868. The analyst draws attention to the following levels:

The ascending 20-day EMA ($4,430) and the RSI in the positive zone are giving buyers an edge. Alternatively, if the price breaks below the channel, it will signal that the bullish momentum is weakening. ETH could drop to the critical support at $4,000 later.

Binance Coin (BNB)

According to the analyst, BNB formed an extra-day candlestick pattern on November 10 as the price reversed from $662.90 and dropped to the 20-day EMA ($573), and the bulls took dips to the 20-day EMA, as seen from the long tail on the candlestick of the day. a small positive sign.

The analyst states that BNB created an intraday candlestick chart on November 11 showing the indecision between the bulls and bears, and if the price drops below $600, BNB may retest the 20-day EMA, pointing to the following levels:

If this support is broken, BNB could decline to the 50% Fibonacci retracement level from the $552.30 low and then the 61.8% retracement to the $524.70 high. Conversely, if the price rises from the current level and rises above $635.20, it will suggest accumulation lower. BNB could then attempt to challenge the overhead resistance at $691.80.

Cardano (ADA)

According to the analyst, ADA made a sharp turn on November 10 and fell below the downtrend line and the moving averages. The analyst states that this indicates that traders are aggressively selling at higher levels.

The analyst states that the bulls tried to pull the price back above the downtrend line on November 11, but failed. He also says that renewed selling pushed the price back below the 20-day EMA ($2.06) on Nov. 12, and ADA could now drop into the critical support zone of $1.87 to $1.80. Rakesh Upadhyay continues his analysis:

A break and close below this zone would be a huge downside as it could aggravate the sell-off and result in a further drop to $1.50. The bulls will have to push and sustain the price above $2.47 to gain strength.

Left (LEFT)

The SOL fell to the support line of the ascending channel on Nov. 10, but the bulls took the dip vividly, as seen from the long tail on the day’s candlestick. The analyst states that they tried to pull the price back above the centerline of the channel on November 11, but were unsuccessful.

He says the bears are selling higher, pulling the price back to the support line on November 12, and repeated testing of a support level in a short range tends to weaken it. He continues in his analysis:

If the bears sink the price below the channel and the strong support at $216, the SOL could drop to the 50-day SMA ($182). On the contrary, if the price strongly rebounds from the current level, the bulls will make another attempt to resume the uptrend. If buyers push the price above $248, SOL could challenge its all-time high of $259.90.

XRP, DOT, DOGE, SHIB and LUNA analysis

Ripple (XRP)

The analyst states that XRP turned sharply from $1.34 and fell below the 20-day EMA ($1.16) on November 10. The long tail on the day’s candlestick showed strong buying at the lower levels and the bulls pushed the price back above the 20-day EMA on Nov. 11 but failed to clear the overall hurdle at $1.24.

Polkadot (DOT)

The analyst says the DOT broke below the breakout level at $49.78 and the 20-day EMA ($47.35) on Nov.

Dogecoin (DOGE)

The analyst notes that DOGE broke below the moving averages on November 10, but DOGE bulls bought the dip as seen from the long tail on the candlestick.

“Doge Killer” Shiba Inu (SHIB)

The analyst states that the SHIB broke above the downtrend line and the 20-day EMA ($0.0000053) on Nov. 11 and the bulls are trying to make a comeback. But, according to the analyst, the bears have other plans as they try to push the price below the 20-day EMA on Nov. 12.

Terra (Luna)

According to the analyst, LUNA broke below the critical support at $4.54 on Nov. 10, but the long tail on the candlestick indicates strong buying at the support line of the ascending wedge formation.