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Bitcoin and Ethereum – Market Review for Monday, November 07th.



After a key week for the two major cryptocurrencies, a review of the resistances that continue to lock prices for a powerful rebound.

Bitcoin Analysis – Medium Term

Prices are finally back above the weekly Tenkan. This opens the door to a bounce to $25,000 as a first target.. The main support remains the Fibonacci ratio, at $19,500..

Bitcoin Analysis – Short Term

Prices are finally out of the daily cloud This is a really positive first step. It is worth noting that the Lagging Span has managed to overcome the trend line and integrate cloud. So the first target and main scenario is a return. towards $22,000 as the first resistance. The BLU plate and the daily Kijun are the main supports.s. Located in 20 460$.

Ethereum Analysis – Medium Term

Prices are breaking out of the weekly Kijun. This is positive for the rest of the year ahead. if the trend continues along these lines. The resistance of 1 700$ However, we must break away from the hope of returning to the 2 230$.

Ethereum Analysis – Short term

In the short term, prices are also extracted from the daily cloud. Medium-term resilience also plays a role. an important role in the short term, represented by the daily plane of SSB.. The main scenario remains a return to this level, with the $1,488 area as first support.represented by the long plane of SSB.

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Dollar analysis – Medium term

Prices do not return above the Tenkan weekly. A return trip to Kijun’s weekly dish should be planned, at 108 points.

Dollar Analysis – Short Term

Prices are stuck at the downtrend line and remain in the daily cloud. BLU floor will most likely be tested in the next few days.. Please note that the MACD is bearishThe MACD is bearish in both the medium and short term.

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