Top-5 Cryptos This Week: ATOM, TRX, ADA, EOS, XMR
Rakesh Upadhyay's original article for cointelegraph.com reduced by 46%
We anticipate the buyers to make one more attempt to push the price above the overhead resistance. Traders can buy on a close above $4.4389 with a stop loss of $2.60.However, if the bulls fail to push the price above $4.4389, the price might extend its stay inside the range for a few more weeks. If the price turns down from the overhead resistance, the pair will consolidate between $0.013 and $0.02340, whereas, a breakout of $0.02340 can propel the price to $0.0410.Conversely, if the price turns down from the current levels and plummets below $0.013, a retest of $0.011240 will be on the cards.
If the rebound fails to scale above the 20-week EMA, the bears will attempt to sink the price below $0.035778. If the bulls can propel the price above the downtrend line, a move to $4.8719 is can occur. If the price closes above the moving averages, we anticipate a move to $121.427.
Traders can initiate long positions on a close above the moving averages with a stop below $38.However, if the price fails to sustain above the channel, the bears will attempt to sink the pair below the critical support at $38.83.
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CN [too long; didn’t read]
Summarised crypto news.