Bitcoin and Ethereum attain new all-time highs

Indicators

As expected, the bulls' movement to new all-time highs is reflected on the relative strength index by a steep increase to a value of 67. At the same time, the sell-off seen on the 9th of November resulted in the flattening of the RSI while maintaining the value.
The relative strength index is well above the 50 mark, indicating increased buying rates by bulls despite the sell-off, and if this continues, the prices could rise to test the $70,000 mark.
Similarly, the MACD shows a market in firm control of the bulls providing a positive outlook on the market which could just be beginning.
As of the 10th of November, the MACD still shows bullish dominance over the market, while the relative strength index reflex, although in a bullish zone, falls to 64, reflecting the recent selling action seen in the market.

Ethereum / US Dollar

Cryptocurrencies attaining new all-time highs on the 8th of November were not restricted to Bitcoin as Ethereum also hit new all-time highs at $4,800. We expected the price movement to new all-time highs as the bulls showed consistent dominance over the ETH market.
As of the 9th of November, the ETH price stands at $4,799 per coin, corresponding to a price drop of 0.25% in the last 24 hours, and this occurs in a setting of individuals securing profits as reflected by the increased selling volume seen in the market.
With this price movement, it is expected that the bulls will aim to get past the $5,000 price mark, which will effectively put them in the running for a price target of $10,000 by the end of the year.
The 10th of November sees a huge tussle for supremacy with the bulls barely being on top, and this is evidenced by the tiny green candle seen, corresponding to a 24-hour price gain of 0.02% to place the price of ETH at $4,732 per coin. The bulls require sustenance to gain control over the market for the day.

Indicators

Over the last weeks, the relative strength index shows that there has been consistent buying into the ETH market as individuals accumulate, especially on the dips. The value of the relative strength index as of the 9th of November stands at 69, a result of individuals taking profits (the RSI stood at the overbought zone of 70). However, the consistency of individuals buying into the ETH market places the bulls in control of the market.

The relative strength index on the 10th of November falls further to 64, reflecting the selling action of the bears in an attempt to crash the ETH price and gain control of the market. However, in correlation to the RSI, the MACD of both days reflects the market's positive momentum, confirming the bulls' grasp on the market.

Ripple / US Dollar

The Ripple market over the past week has been bullish despite its court case with the SEC being stalled.
The Ripple market also reflected the price run-up across several other cryptocurrencies on the 8th of November. As of the 9th of November, the ripple price stands at $1.26, reflecting a price decrease of 1.75% in the last 24 hours, and this is a sell-off occurring in response to a recent bullish price movement as the bears seek to crash the Ripple price from the $1.30 mark, while the bulls aim to achieve the $1.39 price mark.
The sell-off action is also reflected in the daily trading volume as the bears seek dominance.
The sell-off action is quickly followed by increased buying on the 10th of November, signifying individuals accumulating on the dips. As of the 10th of November, the price stands at $1.27, reflecting a 1.71% gain in the last 24 hours as the bulls attempt to challenge the $1.30 price mark.

Indicators

The relative strength index of Ripple places well in the buying zone with a value of 63. However, this value is the result of the bears selling to stop the bullish action seen on the 8th of November, which saw the RSI rise to a value of 66.99. Nevertheless, with the RSI still in the positive zone, we can deduce that the bulls so far remain in control. However, this can shift if the sell-off continues.
The RSI on the 10th of November has increased to a value of 64, signifying continuous buying by the bulls.
The MACD across the two days is still placed above the zero line, which translates to positive sentiment in the market, providing a positive outlook.

Litecoin / US Dollar

Litecoin has been experiencing sideways action in the market; however, on the 8th of November, the bulls rallied so much momentum to gain control of the market, and this continued into the 9th of November, which the chart illustrates increased buying volumes, translating to a massive price increase of 14.43% in the last 24 hours, bringing the cryptocurrency to a seven-day price gain of 30.81%.

With this price growth, the price of Litecoin stands at $263 per coin. However, there is much ground to be covered by the bulls if previous all-time highs are beaten.
The bulls could sustain the growth with a 9.80% increase on the 10th of November, bringing the LTC price to $287. However, the wick above the candles suggest attempts by the bears to crash the price, rejecting it from the $300 mark.

Indicators

With the intense bullish movement over the last two days, the relative strength index shows an overbought scenario with a value of 77; therefore, we can expect a possible sell-off as individuals might want to take out profits. However, if the bulls can sustain the buying pressure on the market, the RSI would increase.

The 10th of November sees a further steep increase of the RSI to a value of 81, signifying too much-buying pressure in the LTC market and also reflects the active attempt to get to $300 by the bulls. However, with such a high value, there could be a major sell-off approaching.
Similarly, the MACD across both days reflects the positive momentum seen in the market by placing well above the zero line and confirming the bulls' dominance in the Litecoin market.

Bitcoin Cash / US Dollar

The Bitcoin Cash price experienced a 6% jump on the 8th of November. A continuous increase quickly followed this in buying volume, which led the Bitcoin Cash price to increase by 12% on the 9th of November, signifying the beginning of bullish momentum. As of the 9th of November, the price of Bitcoin Cash stands at $714 per coin and has been up 20% in the last week. Despite this price increase, the BCH price remains way below MAY levels of $1560 per coin, and we can expect Bitcoin Cash to attain such levels again in the course of this bull run.
As of the 10th of November, the BCH price stands at $716 per coin, reflecting a loss of 0.18%. However, this is in light of a continuous attempt by the bulls to continue the upward momentum, signified by the long wick.

Indicators

The increase in buying volumes reflected on the relative strength index chart as a steep increase that saw the Bitcoin Cash RSI rise to the overbought zone, priming it for a sell-off, which is also reflected by the flattening of the climbing relative strength index. However, this flattening only signifies a mild sell-off by the bears, and if the bulls can sustain the buying pressure, they will continue to remain dominant.
As of the 10th of November, the RSI flattened at a value of 69, placing it at risk of being in an overbought situation. However, a sell-off by the bears can be expected and might already be in the cards, as indicated by the forming of the red candle.
The MACD line, which places above the zero line, indicates a market with positive momentum and confirms the dominance of the bulls over this period.

Cardano / US Dollar

Over the past weeks, Cardano remained under the dominance of the bears, with the price falling since hitting new all-time highs above $3 per coin and not being able to establish any significant bullish momentum with prices falling below $2.
However, with the bullish momentum started on the 8th of November through the 9th, we can see increased buying volumes which signify the bulls accumulating ADA, and this has related to a price increase of 6.66%, which brings the ADA price back above the 50-day moving average to a price of $2.28, currently challenging previous areas of resistance.

With this movement, if sustained, the bulls aim to get the ADA price to $2.51, and if this is achieved, they will attempt to crush the previous all-time highs. Analysts still have a price prediction of $5 to $10 per coin for ADA in the course of this bull run.
However, the 10th of November shows increased selling volume meaning the bears are making a push back, resulting in a 2.68% price drop to bring the price per coin back to $2.20. With this movement, we hope to see this price turn into support, and for this to occur, the bulls will have to reject further downward momentum from this point.

Indicators

As earlier stated, the bears maintained control over the ADA market for an extended period, which is reflected by the relative strength index placed in the selling zone (below 50). However, with the recent price movement, the RSI places above the 50 mark at a value of 62, indicating massive buying of ADA, translating to positive price movement.
The RSI further falls to a value of 57 on the 10th of November, reflecting the sell-off by the bears.
The MACD, which previously portrayed a negative momentum in the market, currently shows a revived market, making a move to get above the zero line, which could signify the start of a bullish market for ADA. However, the sell-off on the 10th of November resulted in a rather slowed attempt to gain control of the market by the bulls.

Dogecoin / US Dollar

As of the 9th of November, the price of Dogecoin stands at $0.27 per coin, translating to a price decrease of 2.98% in the last 24 hours. Despite the price increase created by the bulls on the 8th of November, Doge still experienced rejection by the bears at the $0.29 price mark, confirming it as resistance, followed by a sell-off on the 9th of November indicated by increased selling volume.
In general, the meme coin market has been experiencing minimal gains, especially dogecoin and Shiba inu, which has seen a price drop of 0.66% and 20.38% in the last week.
The 10th of November sees a continued sell-off by the bears resulting in a 1.53% price drop to bring the Dogecoin price down to $0.26 per coin.

Indicators

The relative strength index as of the 9th of November places at 55 after a fall from 58, reflecting the sell-off response by the bears to keep the Doge prices down. However, with the value still above the 50 mark, we can say that individuals buying far outweigh the amount selling, therefore, signifying a market still in control of the bulls.
While the bears remain in control, the relative strength index on the 10th of November keeps falling and currently stands at a value of 53.
The MACD places above the zero line, reiterating the overall bullish outlook of the coin; however, the histogram shows the presence of the bears over the last few days, which shows the efforts by the bears to tilt the market into their control.

Correlations

• Bitcoin / Ethereum = 0.87
• Bitcoin / Ripple = 0.66
• Bitcoin / Litecoin = 0.46
• Bitcoin / Bitcoin cash = 0.56
• Bitcoin / Cardano = 0.61
• Bitcoin / Dogecoin = 0.72

Keynotes for today

• Bitcoin achieves a new all-time high at $68,000. The current price stands at
• Ethereum also creates a new all-time high at $4,800, and current price stands at
• Ripple bulls pump the price to $1.27 per coin.
• Litecoin experiences massive bull action to place at $287 per coin.
• Bitcoin Cash bulls rally up the price to $716 amidst bearish resistance.
• Cardano bulls seek to sustain their dominance amidst bearish opposition. ADA currently stands at $2.20 per coin.
• The bears sustain selling pressure on the Dogecoin market. Doge currently stands at $0.26 per coin.