BTC/USD

BTC/USD is being traded at $6,419 and demonstrates attempts to grow. The price went up without trying the second decline, which indicates the presence of bullish potential. Buyers really started moving and even, at the moment, secured a level at around $6,363, which made it possible to push the support zone higher. All that needs to be considered is the lethargy and uncertainty of this movement. Perhaps, by the middle of the month, the market will revive a little, but we still need to live up to this period. In general, the tactic of holding assets and waiting is optimal. Actually, the majority of crypto-enthusiasts are currently engaged in this.

As part of the forecast for November 3, we can expect the continuation of the flat-like price movement in the range of $6,450 – 6,260. Recall that to implement a confident bull scenario, we need to wait for more active signals and level protection. Such actions should be attempts to leave for $6,450 with the retention of this bar. As long as the upper boundary of the resistance zone is not broken, a more promising scenario to the support area will be.

Cancellation of the development of flat movement with the advantage of a further fall will be further growth and the breakdown of resistance levels of $6,450 and $6,500. In case of consolidation above, growth is likely to $6,700, then – to $7,150.

ETH/USD

ETH/USD is being traded at $202.57 and demonstrates growth attempts. The dynamics of the coin, as before, is similar to the previous one, but if buyers didn’t show themselves a day ago, then yesterday we could finally see the zone of the interests of the bulls, which they defended very successfully. Such confidence to market participants was given not only by the positive dynamics of the number 1 coin but also by a positive news background. Vitaly Buterin, during the Prague conference Devcon4 announced the upcoming transition of the network to the new stage Ethereum 2.0, which will be called Serenity. It is assumed that thanks to innovations, the system will acquire a higher level of speed and security, as well as increase the number of transactions per second. The modification will be possible due to the launch of Casper, which will be the catalyst for the transition to the Proof-of-Stake algorithm. This news will have a positive impact on Ethereum given the fact that it contributes to the formation of an opinion about it as a separate ecosystem, and not a standard cryptocurrency.

As part of the forecast for November 3, we can expect attempts to break through the upper limit of a rather long downward channel. Now, this border coincides with the upper boundaries of the resistance zone, so the breakdown does not promise to be easy. Now the price has already tested these levels and, possibly after making another attempt, it will go down to the support zone. In any case, while the bearish trend is not broken, the option of continuing the lateral movement in the flat range of $201.60 – $194.50, is a more likely scenario. Therefore, it remains the main one, although the manifestation of bull activity is pushing towards very positive expectations.

The abolition of the development option for the flat movement with the advantage of a further fall will be an impulse growth, with a target of $201.50. Fixing the price above it will allow us to expect further growth to $206.00 and $212.00.

XRP/USD

XRP/USD is being traded at $0.4626969 and, like previous coins, is trying to change the trend. On Wednesday, the bulls left behind the sellers’ interest zones and marked their own, at $0.45992. Now, this level serves as the closest support, which continued to be actively defended throughout the entire yesterday’s trading day. With their pressure, buyers got to the upper boundary of the downward channel formed after a strong impulse upwards on October 15. Now the price will either pierce this channel, or we will see another wave to its lower border.

As part of the forecast for November 3, we can expect attempts to break through the upper limit of the descending channel, and at the same time, the resistance zone. Since the areas of such a coincidence of sellers’ interests are strong enough, the probability that this will happen quickly is small. Therefore, the priority remains a bounce from the area of resistance and a decrease, at least to the slightly moved above the support area. In this case, the priority at the moment continuation of the flat-like price movement within the limits of $0.46000 – $0.44000 will remain.

An alternative scenario – further growth, in order to gain a foothold above the level of $0.47000 and go to $0.49000.

XMR/USD

XMR/USD is being traded at $106.060 and continues to show growth attempts. Yesterday finally more specifically outlined the intentions of buyers who were able to secure for themselves the level of their interest at around $105.000. Now the closest support level is located here, from which, perhaps, we will see good growth which may entail a change in the whole trend.

As part of the forecast for November 3, we can expect attempts to retest the resistance zone, from which we will most likely see a bounce and move down to the level of $105.000. It is possible that the testing zone of $108.000 – $107.300 is currently over, and we will see a decline already from current levels. While the bearish trend is not broken – the continuation of lateral movement within the boundaries of the flat $105.800 – $102.600 remains in priority.

An alternative scenario is the resumption of continued growth and the breakdown of the resistance zone in order to consolidate at $109.000. This will open the way for the further upward movement to $114.000.