Top-5 Crypto Performers: BNB, BTC, XMR, LEO, DASH
Rakesh Upadhyay's original article for cointelegraph.com reduced by 75%
The trend remains up and every dip should be viewed as a buying opportunity until the price remains above the 20-week EMA.If the price rises and sustains above the downtrend line within the next couple of weeks, we anticipate a rally to the recent highs of $13,973. If the price bounces off the 20-week EMA, we anticipate bulls to again attempt to propel the price above $98.2939. Currently, the price has bounced off the support at $1.20 and is attempting to rise above the 20-day EMA.
If successful, it can move up to $1.40. Once bulls scale above the 50-day SMA, a rally to $1.80 and above it to $2 is possible. Unless the price quickly rises above the moving averages, we expect bears to attempt a breakdown of $95.4264.
Conversely, if the bulls succeed in propelling the pair above both moving averages, we expect a rally to $160 and above it to $188.5598. We suggest traders wait for the price to rise above both moving averages before initiating long positions.
Donate Bitcoin to this address
Scan the QR code or copy the address below into your wallet to send Bitcoin
Donate Ethereum to this address
Scan the QR code or copy the address below into your wallet to send Ethereum
Donate With MetaMask
Donate ETH With MetaMask
Alternatively, support us by using the following referral links:
CN [too long; didn’t read]
Summarised crypto news.