Finance News
By TCA PR
1 / 14
So far, Bitcoin (BTC) is up 12.5% this year. The cryptocurrency asset is building a momentum.
2 / 14
Apart from BTC, other crypto-assets has displayed enthusiasm in the markets over the past few days. So, many were hoping that a lot of buying opportunities will continue.
3 / 14
Instead of dumping or panicking, the bull have witnessed buying on dips action. That’s why after dipping down below at $8,350 in the 20-day EMA, the crypto quickly recovered.
4 / 14
Meanwhile, the bears have control over the market for two consecutive days. That happened after they dropped the price from $8,725 to $8,665 last Wednesday.
5 / 14
In the case that the bulls could push above the resistance level of $9,200 and 200-day SMA, Bitcoin could rally towards $10,360.89.
6 / 14
The bulls were expected to protect the $157.50 strong support level. The ETH/USD pair can possibly experience a range-bound action for more days due to slowly dropping of RSI and…
7 / 14
However, if the bears could sink the price of ETH below the 20-day EMA, then it will call for a $151.829 minor support level.
8 / 14
XRP’s Dropped Below the Inverted H&S Pattern’ Neckline
9 / 14
Today, the bulled failed to protect the critical support level at the inverted head and shoulders pattern’s neckline.
10 / 14
On the other hand, the bulls are trying to push the price of XRP back above the neckline. Once you become successful, the XRP/USD pair can break above the 200-day SMA.
11 / 14
Currently, there’s a strong demand at the lower levels because of the intraday lows have bounced off.
12 / 14
However, if the $306.78 and $270.15 support levels break down, the BCH/USD pair will then sink below the $270.15 zone.
13 / 14
The bulls are currently accumulating on dips at $236. Then, they are aiming to push the price of BSV to $337.80. This level will act as a solid resistance level.
14 / 14
As a result of failing to settle above the $66.1486 level, Litecoin bounced back at $50 critical support level.
The Currency Analytics
Want the full story?