November 11th Market Analysis from LBank Derivatives
BTC
BTC’s currently testing the 17150-the first support level. If it breaks below this point, it will return to a downward trend again. The lower support should focus on the 15720–15040; if it stabilizes here, it will continue to rebound, and the upper resistance will focus on the 18500–19700.
Resistance level to watch out for: $18.5k
Support level to watch out for: $17k
ETH
ETH’s currently testing the 1240 support level. If it breaks down here in the later stage, it will return to a downward trend again. The lower support should focus on $1080–980; if it stabilizes here, it will continue to rebound, and the upper resistance will focus on $1370–1460.
Resistance level to watch out for: $13500
Support level to watch out for: $1240
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