Bitcoin, Ethereum and Bitcoin Cash Price Prediction, Technical Analysis – November 22nd

Let’s do some detailed analysis of Crypto’s.

BTC/USD

At the time of writing this article, Bitcoin is trading around $4500, a significant drop below previous day high of $4950. Until the price stays above $4500, we will be in a wide trading range of $4500-$5000 area. As the pair is trading near to major support we can expect some buying in this area.

Technical Analysis–

Based on BTC/USD daily chart, the price is well below the critical level of 55Day EMA, MACD crossed down is below the Signal Line with (MACD histogram in Red) and RSI is very oversold at 12 Levels.

This indicates price entered oversold territory with a slight negative bias; we can expect some buying at $4500 level being a major support.; As Price is far below from 200Day EMA indicating bearish trend intact.

Bitcoin Price chart by TradingView

Prediction (Short to Medium term):-

As long as the Bitcoin Price holds $4500 level and doesn’t break above $5000, we can expect consolidation in the trading ranges $4500-$4850 Area. (Huge breakout to the upside cannot be ruled out as we are in the oversold territory)

ETH/USD

At the time of writing this article, ETH/USD is trading around $132, a significant retracement from previous highs of $165. As long as the price stays above $125, Next trading range will be $125-$150 area.

Technical Analysis–

Based on the ETH/USD daily chart, the price is well below the critical level of 55Day EMA, MACD is also below the Signal Line with RED Histogram and RSI is at 21 Level.

This indicates price entered oversold territory with a slight negative bias; we can expect some buying at $125 level being a major support. As the Price is far below from 200Day EMA indicating bearish trend intact.

Ethereum Price Chart by TradingView

Prediction (Short to Medium term):-

As long as the Ethereum price stays above $125, Next trading range will be $125-$150 area. If there is a sudden price breakout above $150 and stays above it we can expect a Rally towards $175. Contrary to the above if price breaks crucial support of $125…more selling can be seen.

BCH/USD

At the time of writing this article, We are in the Post BCH-Hardfork trading environment. Exchanges have started crediting the Forked coins (BCH-SV & BCH-ABC) to client accounts and trading has started.

Bitcoin Cash Price Chart by TradingView

It is too early to make Technical Analysis on these 2 coins, as volumes are very low.

Bitcoin Cash Price Chart by TradingView

BCH-SV is trading at $57, whereas BCH-ABC is trading at $230… based on the Hash power dominance looks like BCH-ABC is the dominant chain