As we approach the end of the month, the probability of a correction is growing, in connection with which I would like to once again consider the prospects for the coming week. Bitcoin successfully pierced the key level of 100k, which was the main target of the bulls, a signal for further market growth was left. However, this movement occurred against the rapidly growing dollar and closer to the close of the monthly candle there is a possibility of the cryptocurrency leveling off under the currency market with an attempt to turn the monthly candle into a bearish one. For Bitcoin, this may threaten a retest of 75-77.5k. This movement will occur against the formed trend, which with a high probability will lead to a quick buyback and a pinbar on the daily or weekly chart with continued growth in the new month with targets at 110-115 for Bitcoin.
Ether, against the background of a calm trend for Bitcoin, worked out the planned scenario with a test of 3500. In the new week, I expect continued growth in the first half of the week on the inertia of the formed trend with an attempt to break through 3600-3750. But from Tuesday or Wednesday evening, the probability of an attempt to reverse the month will prevail up to a retest of 3000 to collect the previously abandoned volumes of sellers with a subsequent buyback. The opening level of the new month will be of great importance at the end of the year, but at the moment, the probability of growth in the first half of December prevails due to the positive opening of the second half of the quarter. The first impulse for sales in anticipation of a major correction is likely today, which can lead to a retest of 3250 and the beginning of a reversal in many overbought coins, which will continue until the end of the month. In connection with this picture, it is worth treating with caution coins that have shown significant growth, since there is a high probability of a transition to a protracted fall. The more oversold coins, which have not yet shown significant growth due to the bearish trend that remains on the indicators, still have the opportunity to show good growth against the backdrop of the continuing market growth until the beginning of December at least.
For VIB, I expect a fairly stable continuation of growth with an attempt to consolidate above 0.1 and a further breakout at 0.15-25, since the token remains heavily oversold on large charts. But on the weekly chart indicators, a trend change is already possible by the end of the month, which will lead to more confident growth. This token often grows against a falling bitcoin. GFT is also starting to increase its growth rate, which has also finished extinguishing the bearish trend on the weekly chart and has seen a trend change on the daily chart. In this regard, we can expect movement against the falling tops. I continue to use these tokens to store funds in the medium term due to the high growth potential.
AKRO also has growth potential up to 5X, but the bearish trend has not yet been extinguished. In addition to this, significant pressure is exerted by incomplete emission, due to which we can expect a rollback to retest 0.00375-400 with further growth above 0.005+.
More risky assets like OAX and VITE, although they have unclosed targets on the re-high of the previous week, are in no hurry to work them out. Apparently, market participants are afraid of delisting next week, where these assets may end up. There has been no delisting this month so far and the last week is left. If these assets do not end up in the next announcement, I will take them into work on a permanent basis with the goal of re-high.
