Topic: 11-20 Price analysis of altcoins from Chinese Market (Shared by AICoin) (Read 154 times)

HSR:
Profit-taking started from November 16 and people dumped their positions. Buyers emerged at $16.7 and a rally was initiated. Another dump was witnessed above $22 and price got into a consolidating pattern, however, HSR continued to fall as chips were too loose, it seemed difficult for price to remain above $19 mark, we can wait and buy in till price is below $18. Whether price can remain above $16 or not in the short term determines the further direction.

XRP:
XRP experienced a massive increase in volumes after the bullish news. Support at $0.22 held the ground, though $0.24 has never been broken effectively. In the past few days, XRP has been in a slow climb, now price is getting close to the major resistance at $0.24. A dump at $0.25 is expected if price breaks above $0.24.

EOS:
Finally, EOS broke above $2 but moved into a swing pattern immediately, price is expected to be pulled back to the support level at $1.8, whether price can remain above $0.18 or not decides the possibility for further gains, EOS may find the major support below $1.8 at $1.6.

QTUM:
QTUM continued its uptrend, but whether price has been at the top or not remains to be seen. Day traders can sell your positions now, on the downside, price may find the support at $14.

ZEC, XMR & Dash:
ZEC and XMR keep the same trend, and you can just hold on to your positions. Dash may find a support at $420 and needs to break above $460 for a continuous surge in price in the short term, moreover, it remains bullish as long as price remains above $440.

Original by Bi Laoye, translated and posted by AICoin Jami