After a recovery on March 16, the United States equities markets are again down on March 17. Investors remain concerned about the vulnerability of the banks in the U.S. and Europe. A silver lining for cryptocurrency investors is that Bitcoin (BTC) has remained decoupled with the equities markets and has risen to its highest level since Jan. 12.
Galaxy Digital founder and CEO Michael Novogratz said in an interview with CNBC that the US and the globe will face a credit crunch as banks lend less to rebuild capital. He said investors should be long on Bitcoin and crypto because these are the times for which it was created.
Quantitative tightening seems to be giving way to a period of quantitative easing. The banks have already borrowed $150 billion from the Federal Reserve, which is more than the amount borrowed during the 2008 financial crisis.
Các nhà phân tích chỉ ra rằng Fed đã bổ sung thêm 300 tỷ USD vào bảng cân đối kế toán của mình trong một tuần, chỉ đứng sau 500 tỷ USD được bơm sau vụ tai nạn tháng 3 năm 2020. QE vào năm 2020 đã kích hoạt một đợt tăng giá Bitcoin đã đưa nó từ khoảng $4,000 lên 69,000 USD.
Lịch sử sẽ lặp lại chính nó? Bitcoin và altcoins có thể duy trì mức cao hơn? Hãy nghiên cứu các biểu đồ của 10 loại tiền điện tử hàng đầu để tìm hiểu.
Phân tích giá Bitcoin
Những con bò đực Bitcoin đã mua mức giảm xuống $24,000 vào ngày 15 tháng 3 và đẩy giá lên trên mức kháng cự trên không mạnh $25,250 vào ngày 17 tháng 3. Điều này hoàn thành một mô hình đầu và vai nghịch đảo (H&S).
Không có kháng cự lớn giữa mức hiện tại và $32,000, do đó những người mua có thể thấy nó dễ dàng để vượt qua khoảng cách này trong một thời gian ngắn. Những người bán có thể bảo vệ mạnh ở mức $32,000 nhưng nếu những người mua vượt qua nó, cặp BTC/USDT có thể mở rộng xu hướng tăng lên đến mục tiêu mô hình $35,024.
Đường trung bình động cấp số nhân 20 ngày tăng ($23,298) và chỉ số sức mạnh tương đối (RSI) gần vùng quá mua cho thấy rằng bulls đang nắm quyền.
Nếu gấu muốn lấy lại quyền kiểm soát, họ sẽ phải nhanh chóng đảo chiều và chìm cặp tiền dưới đường trung bình động. Cho đến lúc đó, những con bò đực có khả năng xem mức giảm là cơ hội mua.
Phân tích giá Ether
Ether (ETH) rebounded off the moving averages on March 16, indicating that traders are buying on dips.
The bulls will try to push and sustain the price above the $1,743 to $1,780 resistance zone. If they succeed, the ETH/USDT pair could accelerate toward the psychologically important level of $2,000. This is the final hurdle above which the pair will signal the start of a potential uptrend.
Những con gấu có khả năng sẽ có kế hoạch khác. Họ sẽ cố gắng ngăn chặn xu hướng tăng trong vùng trên không và kéo cặp tiền trở lại dưới đường trung bình động. Điều đó có thể bẫy những con bò hung dữ và cặp tiền có thể sụp đổ xuống 1.461 USD.
Phân tích giá BNB
Đuôi dài trên nến ngày 15 tháng 3 của BNB (BNB) cho thấy những con bò đang mua giảm xuống đường EMA 20 ngày ($302). Điều này báo hiệu một sự thay đổi trong tâm lý từ bán trên các cuộc tăng để mua giảm.
Sự tăng giá giảm đã tăng đà vào ngày 17 tháng 3 và tăng vọt trên mức kháng cự trên không ở mức $318.
Buyers are trying to strengthen their position further by kicking the price above $338. If they do that, the negative H&S pattern will be invalidated. The BNB/USDT pair could first rally to $360 and later to $400.
On the downside, a break below the 20-day EMA will indicate that bears are back in the driver’s seat.
XRP price analysis
XRP (XRP) has been consolidating inside the tight range between the 50-day simple moving average ($0.38) and the support at $0.36.
Generally, a tight-range trading is followed by an increase in volatility. The bulls will try to catapult the price above the 50-day SMA. If they can pull it off, it will signal the start of a stronger recovery to $0.42. This level may again act as a formidable resistance but if crossed, the rally could reach $0.51.
This positive view will be invalidated in the near term if the price turns down and plummets below $0.36. The pair could then slump to the strong support zone between $0.32 and $0.30.
Cardano price analysis
Cardano (ADA) is stuck between the 50-day SMA ($0.36) and the strong support at $0.29. The bulls are trying to push the price above the 20-day EMA ($0.34).
If they manage to do that, the ADA/USDT pair could climb to the 50-day SMA. This level may attract sellers who will try to stall the recovery. If the price turns down sharply from this level, the range-bound action may continue for some more time.
Alternatively, if bulls drive the price above the 50-day SMA, the pair could rally to the neckline of the inverse H&S pattern. This is an important level to keep an eye on because a break and close above it may signal the start of a new uptrend.
Dogecoin price analysis
Dogecoin (DOGE) rebounded off the $0.07 level and has reached the downtrend line. This suggests that bulls are buying on minor dips.
A break and close above the downtrend line will be the first sign that the correction may be over. The 50-day SMA ($0.08) may act as a resistance but it is likely to be broken. The DOGE/USDT pair could then start its rally to $0.09 and thereafter to $0.10.
Sellers are expected to defend the $0.10 to $0.11 zone with all their might because a break above it will open the doors for a possible rally to $0.16. On the downside, a slide below the $0.07 support will tilt the advantage back in favor of the bears.
Polygon price analysis
Polygon (MATIC) turned up from $1.07 on March 15, indicating that the bulls are trying to flip the $1.05 level into support.
The 20-day EMA ($1.16) is flattening out and the RSI is near the midpoint, suggesting a balance between supply and demand. If bulls propel the price above the 50-day SMA ($1.22), the MATIC/USDT pair could pick up momentum and rally to $1.30. This level may act as a minor hurdle but it is likely to be crossed. The next stop may be $1.42.
On the other hand, if the price turns down sharply from the 50-day SMA, it will suggest that bears continue to sell on rallies. The pair may then oscillate between the 50-day SMA and $1.05 for a while longer.
Related: Betting on turmoil: Deribit launches Bitcoin volatility futures
Solana price analysis
Solana (SOL) rebounded off $18.70 on March 16, which shows that the bulls are not waiting for a deeper decline to buy.
The relief rally has reached the moving averages, which are likely to offer a strong resistance. If the price turns down and breaks below $18.70, it will suggest that the SOL/USDT pair may remain range-bound between the 50-day SMA ($22.21) and $15.28 for some time.
The pair will indicate a potential trend change after the bulls thrust the price above the downtrend line. That could start a rally to $27.12.
Polkadot price analysis
Polkadot (DOT) plunged below the 20-day EMA ($6.09) on March 15 but the bears could not maintain the lower levels. Buyers purchased the dip and pushed the price back above the 20-day EMA on March 16.
The bulls are trying to build upon their advantage by pushing the price above the overhead resistance at the 50-day SMA ($6.41). If this level is scaled, the DOT/USDT pair could rise to the 61.8% Fibonacci retracement level of $6.85.
This level should again act as a strong resistance, but if bulls flip the moving averages into support during the next pullback, it will suggest that bulls are buying on dips. That will increase the possibility of the pair forming an inverse H&S pattern.
Contrarily, if the price once again turns down from the 50-day SMA and breaks below the 20-day EMA, it will indicate a few days of range-bound action.
Shiba Inu price analysis
Shiba Inu (SHIB) rebounded off the $0.000010 support on March 16, indicating that the bulls are trying to start a reversal.
The recovery is facing resistance in the zone between the 20-day EMA ($0.000011) and the downtrend line of the descending channel. The bears will again attempt to sink the price below the $0.000010 support. If they succeed, the SHIB/USDT pair may slip to the support line of the channel.
Contrarily, if bulls thrust the price above the channel, it will suggest that the corrective phase may be over. The 50-day SMA ($0.000012) may also offer stiff resistance but if this level is cleared, the SHIB/USDT pair could climb to $0.000014 and then to $0.000016.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
