Top-5 Cryptos This Week: NEO, LINK, ADA, BNB, LEO
Rakesh Upadhyay's original article for cointelegraph.com reduced by 50%
With crypto gaining acceptance gradually, is this a good time to buy? Do the top performers of the past seven days show signs of bottoming out? Let's analyze the charts. Traders can initiate long positions on a close above $13.88772 and keep a stop loss of $10. Contrary to our assumption, if the price turns down and breaks below the moving averages, it could dip to $6.65906.
While the buyers have managed to push the price above the overhead resistance at $2.8498, they have not been able to sustain at higher levels. Conversely, if the bulls fail to sustain the price above $2.8498, a dip to the 20-week EMA is possible. If the price breaks out and closes above the 20-week EMA, a rally to $32 will be on the cards.
If the bulls fail to push the price above the 20-week EMA, the pair might remain range-bound between $21.2378 and $18.30 for a few weeks. Our bullish view will be invalidated if the price turns down and breaks below the support at $18.30.LEO/USD. UNUS SED LEO fell about 1% in the past seven days but still turned out to the fifth-best performer.
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CN [too long; didn’t read]
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