Crypto market overview 06.11.2019

What do we see in the crypto market?

BTC

Unexpectedly, but very effectively, bitcoin in the second half of October managed to move into the growth phase, winning back some of the positions lost in September.

The growth of the leading crypto asset fell on a serious mirror level. Approximately here is the inclined resistance line of the descending channel formed in the early summer of this year.

The situation is not unambiguous, but the media are gradually beginning to povyalyatsya positive headlines, luring investors into the crypto industry. Of course, the potential of bitcoin has not yet shown itself, and the fact that bitcoin is a product of technological solutions and its final number is limited can eventually turn it into digital gold and even more.

At the moment, it is impossible to say with certainty that the downward phase is completed. The General mood of the asset is controversial.

ETH

The ether became a quieter instrument at the turn of the last few weeks. Volatility is almost zero compared to last year.

The value of the asset is in no hurry to grow, however, technical signals for long positions still arise. Until there are supporting factors of these signals, the market remains under pressure, and the positive in the stock markets simply eclipses the crypto community.

Perhaps this is the plan of the world's top financiers, especially given their reaction to libra and TON. In any case, sooner or later crypto assets will become more popular.

As for the ether-during November, the situation is unlikely to change. The longer - term Outlook is growth to the $ 330 mark. The medium-term future of this crypto asset will depend on the test of this mark.

XRP

The market accumulates volumes of buyers, moreover, for quite a long time. Until the end of 2019, we will probably see a small increase in this coin to the level of 0.4$.

The potential of this coin is significant, as unlike many crypto projects, many world international banks successfully cooperate with Ripple.

A drop below 0.25 is unlikely. Within 2018, 2019, the price repeatedly rebounded from these levels, which indicates large amounts of money invested in this asset in the area of 0.25, which represents a technical local minimum for XRP.