CoinNess Analysis: ETH Remains Stuck In The Resistance Area
Recently, CoinNess has observed a lot of whale alerts on USDT, suggesting that large amounts of USDT are outflowing the market. CoinNess believes it is a bearish signal for the short term and suggests investors to prepare for this.

BTC’s daily chart doesn’t change very much. However, its one-hour trend indicates that yesterday (Nov 5) its two negative lines went below where the positive line was at 20:00 UTC Nov 4, signaling that the positive line has lost its meaning for the moment. Despite of a slight recovery later, its further upward movement calls for buyers to continue taking in BTC from those who sell at over $10,000.

For other cryptos, ETH remains stuck in the resistance area in spite of its transitory rising above $190, suggesting it is trying to moving upward. Such altcoins as XRP, EOS, BCH and BSV face a similar scenario, but none of them will break successfully unless BTC keeps a stable status or moves upward. Unlike those mentioned above, LTC has broken from its previously constant downward trend, but it still needs to exceed the level of Oct 24, if investors are expecting a real strong momentum.

