Bitcoin & Ethereum – Market Review Monday November 14th

Bitcoin Analysis – Medium Term

Outbreak of critical support, which supported the prices fantastically. Located at $18,500. The light is big and the volumes strong: the sellers are regaining control. The first target 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 on these two days remain one first short-term support before Fibonacci extension. Also there The Fibonacci extension is the first support.

Ethereum Analysis – Medium Term

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

Ethereum Analysis – Short Term

Also there, $1,207 plays a key role. Prices must absolutely defend that to maintain any hope of a recovery towards $1,377 which remains the technical zone to push into to turn the tide.

Dollar analysis – medium term

Big turnaround after falling inflation figures. This provides a sell technical signal with a breakout of the weekly Kijun. MACD is also crossing to the downside, confirming this signal..

Dollar analysis – short term

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

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