Bitcoin (BTC) could not overcome the barrier at $25,000 on Aug. 11 even though it had two catalysts in the form of a “favorable” Consumer Price Index print and news that BlackRock — the world’s largest asset manager, overseeing over $10 trillion in total assets — had launched a spot Bitcoin investment product.
So sánh, Ether ( ETH) đã giữ được lợi nhuận gần đây của nó trên tin rằng testnet Goerli đã thành công kích hoạt bằng chứng cổ phần, dọn đường cho quá trình chuyển đổi mainnet của Ethereum lên kế hoạch cho ngày 15 tháng 9 hoặc 16 tháng 9. Dữ liệu từ Santiment cho thấy các giao dịch cá voi Ether đã tăng lên cùng với sự tích tụ cá voi có thể xảy ra.
However, analysts remain divided about the prospects of the current recovery. While some believe that Bitcoin’s rally could rise above $28,000, others are not so bullish and they expect the price to turn down and resume the downtrend.
Người mua có thể xóa được rào cản trên không trong Bitcoin và chọn altcoins? Hãy nghiên cứu các biểu đồ của 10 loại tiền điện tử hàng đầu để tìm hiểu.
BTC/USDT
Bitcoin đã đẩy lên trên mức kháng cự trên không tại $24,668 vào ngày 11 tháng 8 nhưng những con bò không thể duy trì được mức cao hơn. Điều này cho thấy rằng gấu vẫn chưa từ bỏ và đang bán trên các cuộc biểu tình.
Giá vẫn bị vắt giữa đường trung bình động cấp số mũ 20 ngày ($23,151) và $24,668. Thông thường, một giao dịch phạm vi chặt chẽ được theo sau bởi một sự mở rộng phạm vi nhưng rất khó để dự đoán hướng của sự phá vỡ một cách chắc chắn.
In this case, the 20-day EMA is gradually sloping up and the relative strength index (RSI) is in the positive territory, indicating the path of least resistance is to the upside.
Nếu người mua đẩy và duy trì giá trên $25,000, đà tăng có thể tăng lên và cặp này có thể tăng lên $28,000 và sau đó lên $32,000.
điểm tích cực này có thể mất hiệu lực trong ngắn hạn nếu giá giảm và phá vỡ dưới đường EMA 20 ngày. Cặp này sau đó có thể giảm xuống mức trung bình động đơn giản 50 ngày ($21,845).
ETH/USDT
Ether đã cố gắng tăng lên trên $2,000 vào ngày 11 tháng 8 nhưng mức bấc dài trên nến ngày cho thấy rằng những người mua đang bảo vệ mức này với sức mạnh.
Tuy nhiên, một dấu hiệu tích cực là những con bò đực chưa nhượng lại cho những con gấu. Điều này cho thấy các nhà giao dịch không vội vàng đặt lợi nhuận vì họ dự đoán xu hướng tăng sẽ tiếp tục.
trung bình di chuyển lên và RSI gần vùng quá mua cho thấy lợi thế cho người mua. Nếu bulls đẩy giá lên trên $2,000, cặp ETH/USDT có thể tăng lên đường xu hướng giảm.
Alternatively, if the price turns down sharply from the current level, the bears will try to sink the pair to the breakout level of $1,700. The bulls are expected to buy the dip to this support.
BNB/USDT
Binance Coin (BNB) has been facing stiff resistance at the overhead resistance zone between $338 to $350. Although bears have repeatedly thwarted attempts by the bulls to clear this hurdle, the buyers have not given up much ground. This indicates that the bulls are not rushing to the exit as they expect a move higher.
A tight consolidation near the overhead resistance increases the likelihood of a break above it. If that happens, the BNB/USDT pair could attempt a rally to $380 and then to $414.
The important support to watch out on the downside is the 20-day EMA ($300). If bears sink the price below this level, the pair could decline to $275 and then to the 50-day SMA ($261). A break below this support could tilt the advantage in favor of the bears.
XRP/USDT
XRP remains stuck between the overhead resistance at $0.39 and the 20-day EMA ($0.37). The bears attempted to resolve this uncertainty in their favor on Aug. 9 and Aug. 10 but the bulls purchased the dip and pushed the price back above the 20-day EMA.
The buyers tried to push the price above $0.39 on Aug. 11 but the bears held their ground. This indicates that $0.39 and the 50-day SMA ($0.35) are the critical levels to watch out for in the short term.
If buyers clear the overhead hurdle, the XRP/USDT pair could rally to $0.48 and later to $0.54. On the contrary, if the price slips below the 50-day SMA, the pair could slide toward the crucial support at $0.30.
ADA/USDT
Buyers attempted to push Cardano (ADA) above the overhead resistance at $0.55 on Aug. 11 but the bears held the level successfully. The price could now drop to the 20-day EMA ($0.51).
The tight range trading between the 20-day EMA and $0.55 is unlikely to continue for long. If buyers drive the price above $0.55, the ADA/USDT pair could rally to $0.63 and then to the stiff overhead resistance at $0.70.
Contrary to this assumption, if the price turns down and breaks below the 20-day EMA, the bears will attempt to challenge the support at $0.45. If the support holds, the pair may extend the consolidation between $0.45 and $0.55 for some more time.
SOL/USDT
Solana (SOL) bounced off the 50-day SMA ($39) on Aug. 10 indicating that bulls continue to buy at lower levels. The bulls attempted to push the price to the overhead resistance at $48 but the bears stalled the recovery at $45.32 on Aug. 11.
The SOL/USDT pair could continue to trade inside the ascending triangle formation for some more time. The bears will have to sink the price below the support line to invalidate this bullish setup.
Alternatively, the bulls will have to push and sustain the price above $48 to complete the bullish pattern. If that happens, the pair could rally to $60 and then make a move to the pattern target at $71.
DOGE/USDT
Dogecoin (DOGE) once again turned down from the overhead resistance at $0.08 on Aug. 11, indicating that bears continue to defend the level aggressively.
The bears will attempt to sink the price below the moving averages and challenge the trendline of the ascending triangle pattern. A break and close below this support will invalidate the bullish setup, opening the doors for a possible retest of $0.06.
Contrary to this assumption, if the price rebounds off the moving averages, it will suggest that bulls continue to buy at lower levels. The bulls will have to push the price above $0.08 to complete the ascending triangle pattern. If that happens, the DOGE/USDT pair may rally to $0.10.
Related: 3 cryptocurrencies that stand to outperform ETH price thanks to Ethereum’s Merge
DOT/USDT
Polkadot (DOT) has been witnessing a close battle between the bulls and the bears near the breakout level of $9. The bears are attempting to pull the price back below $9 while the bulls are trying to flip the level into support.
The rising 20-day EMA ($8.47) and the RSI in the positive territory, indicating advantage to buyers. If the price rises from the current level and breaks above $9.65, the DOT/USDT pair could rally to $10.80 and later to $12.
Alternatively, if the price breaks below the strong support zone of $9 and the 20-day EMA, it will suggest that the recent breakout may have been a bull trap. The pair could then decline to the 50-day SMA ($7.62).
MATIC/USDT
Polygon (MATIC) has been trading in a tight range between the 20-day EMA ($0.88) and $0.96 for the past few days, indicating indecision among buyers and sellers.
If this uncertainty resolves to the upside, the MATIC/USDT pair could rally to the stiff overhead resistance at $1.02. The bulls will have to overcome this barrier to signal the start of the next leg of the up-move to $1.26 and later to $1.50.
Contrary to this assumption, if the price turns down and breaks below the 20-day EMA, the short-term advantage could tilt in favor of the bears. The pair could then decline to the strong support at $0.75.
AVAX/USDT
Avalanche (AVAX) has been trading above the breakout level of $26.38 for the past few days which suggests that bulls are in no hurry to surrender their advantage.
The gradually rising 20-day EMA ($25.6) and the RSI near the overbought zone indicate advantage to buyers. If bulls propel the price above $31, the AVAX/USDT pair could pick up momentum and rally to $33 and later to the pattern target of $39.05.
This positive view could invalidate in the near term if the price turns down and breaks below the 20-day EMA. If that happens, the pair could decline to the 50-day SMA ($21.91) and then to the support line.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Market data is provided by HitBTC exchange.
