November 14th Market Analysis from LBank Derivatives
BTC
BTC had a nice rebound because Binance’s CEO twitted that “Binance is forming an industry recovery fund, to help projects who are otherwise strong, but in a liquidity crisis.” Price respect previous daily low and support near 15700 and now we can expect a rise and pump here like the green arrows mentioned on the chart. Targets like 22K and long-term 26K$ are easy to hit. Don’t miss this upcoming pump.
Resistance level to watch out for: $17k
Support level to watch out for: $15.7k
ETH
ETH’s price is near the major support zone here and we are looking for a heavy pump here like the green arrows on the chart.
Resistance level to watch out for: $1350
Support level to watch out for: $1240
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