Price analysis 11/4: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA

Bitcoin Analysis

Data suggests a potential new all-time high for Bitcoin (BTC) this week. The US Presidential elections and Federal Reserve's interest rate decision are expected to increase volatility.

According to Daan Crypto Trades, Bitcoin could experience a significant 10% move post-election. Investors remain bullish, contributing $2.2 billion to digital investment products last week.

However, QCP Capital warns of a potential sell-off after the elections, similar to the "Nashville Bitcoin conference."

S&P 500 Index Analysis

S&P 500 Index (SPX) remains below the 20-day exponential moving average, indicating weakening bullish momentum. Sellers aim to push it below the 5,670 support. Conversely, a reversal above the 20-day EMA could signal buying on dips and a potential rise to the 5,879 all-time high.

US Dollar Index Analysis

The US Dollar Index (DXY) rebounds from the 20-day EMA but faces selling pressure. If the 20-day EMA falls, DXY could retrace further. Alternatively, a climb above the 20-day EMA would maintain positive sentiment.

Bitcoin (BTC) Analysis

BTC buyers defend the 20-day EMA but struggle for momentum. A break below the 20-day EMA could lead to a drop to $65,000, a crucial support to maintain bullishness. A rise above $70,000 could favor buyers and potentially reach $73,777.

Ether (ETH) Analysis

ETH remains above the symmetrical triangle pattern support, but bears pressure. A break and close below the support line signals a potential downtrend to $2,310. A reversal above the moving averages and support line could initiate a rally to the resistance line.

BNB (BNB) Analysis

BNB continues to trade within the $460-$635 range. A fall below $527 could suggest bearish control, potentially leading to $460. A rise above moving averages and $527 indicates a bullish attempt to maintain the pair in the upper range.

Solana (SOL) Analysis

SOL has fallen below the $164 breakout level, indicating rejection. A sustained break above $164 could lead to $183-$189 resistance. Alternatively, a decline below the 20-day EMA and support line suggests a potential downtrend to the uptrend line.

XRP (XRP) Analysis

XRP faces a battle near the $0.50 support. A break below $0.50 could extend the decline to $0.46. A climb above the 50-day SMA ($0.55) indicates bullish strength and a potential rise to $0.64.

Dogecoin (DOGE) Analysis

DOGE finds support at the 20-day EMA. A rise above $0.18 could trigger an uptrend towards $0.21. Conversely, a break below the 20-day EMA indicates a bearish shift, potentially leading to a drop to the 50-day SMA ($0.13).

Toncoin (TON) Analysis

TON finds support in the $4.72-$4.44 zone but lacks momentum above moving averages. A breach of the support zone could complete a head-and-shoulders pattern, resulting in a decline to $3.50. A sustained rise above the 50-day SMA ($5.30) invalidates this bearish outlook.

Cardano (ADA) Analysis

ADA has turned down from the 50-day SMA, indicating ongoing selling pressure. A drop below $0.31 could signal the resumption of the downtrend, potentially leading to $0.27. A reversal above moving averages and $0.31 may suggest range-bound trading.

Disclaimer

This article does not provide investment advice or recommendations. All investments involve risk, and readers should conduct their own research before making any decisions.