Bitcoin (BTC) nullifies the decisive price setting, and faces XRP 50 and 100 days of pressure, ETHEREUM (ETH) finally bounces?
At this time, Bitcoin is at a level in which things may turn ugly. Fears related to the sustainability of this step follow the fact that despite the collapse above the domestic rising trend line, the trading volume does not confirm this penetration. The upscale collapse is undermined by a decrease in size, which also raises the possibility of a fake. The upper limits of the rising triangle have been formed by a Qatari resistance line, which Bitcoin was able to break the above recently days.
However, the penetration was accompanied by intermittent trading activity instead of the new purchase benefit. When the size is weak, these moves are vulnerable to repercussions and are often short -lived. Bitcoin’s inability to maintain momentum despite breaking the technical preparation is the biggest concern in Bulls at the present time. The original may soon lose his comment on the recently claimed levels if he is unable to get a power above $ 85,000 to $ 86,000.
In these circumstances, there is a good opportunity to restore the $ 80,000 psychological threshold. The fact that Bitcoin continues to trade below 100 and 200 Emas on the daily chart of technical problems. 200 EMA is currently less than $ 90,000, while 100 EMA is currently at about 90,200 dollars.
There does not seem to be more bullish capabilities until Bitcoin overcomes these resistance levels with the support of higher size. Bitcoin merchants should monitor short -term price action around 100 EMA and search for indications of condemnation in size behavior. If the size does not improve significantly, the current hack may be completely nullified, which may force Bitcoin to re -test the low support levels.
XRP is pressed
The classic pressure mode currently passes by XRP indicates among its enlarged moving averages for 50 days and 100 days that the original is about to make a big step. With 50 EMA below and 100 EMA above, the original is unified within the narrowing range, as it can be seen on the graph. Before collapse or collapse, merchants usually see this technical pressure to confirm. Standardization of prices is just higher than $ 2.30, as 26 EMA seems to be a short -term base to support the stopping of additional declines.
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This level may be a starting point for the apostasy towards the decisive resistance level of about $ 2.70, which was traditional as a barrier to upward movement. If this barrier is successfully crossed, the road to a longer march may become clear. But there is still a decisive responsibility: size.
The XRP profile continues to decrease, indicating that traders have become less active and not sure than to do. The main step is often preceded by low size, but it can also indicate that there is not enough momentum to support any outbreak. The current climate indicates that traders stop re -entering the market with condemnation until they receive a clear signal.
XRP may return to the upper limit of the descending trend structure if it can use 26 EMA support and gain enough power to break above 100 EMA. The reversal and re -test of the EMA 50 support can result in failure to do so. The 2.70 dollar sign is still an important technical and psychological obstacle. The bullish force will be confirmed if there is an outbreak over it with an increase in size. As of now, XRP is still stuck in the pressure zone that may determine its course in the coming weeks.
Ethereum returns
After weeks of severe declining pressure, Ethereum finally recovered over a $ 2,000 threshold of psychological importance, indicating a possible transformation. The original trading is currently approximately 2017, the original is gradually enjoying an acute correction characterized by a large part of the price movement in recent weeks. Although Ethereum’s basics did not change much, the dynamics of the origin market. We can attribute the latter’s recovery to the balance of positions.
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The market dominated the market shortly for weeks as investors tended to pessimistic expectations. With the increasing interest, the sellers were quick to cover their sites, this led to an excessive place in the sale from the ETH, which paves the way for the correction to get the correction. Ethereum technical preparation is still cautious despite the modest recovery. With the formation of 50, 100 and 200 from EMAS, a fixed declining slope, the original continues to trade without all the important luxury averages.
The general trend will continue to drop until the ETH recovers at least 50 EMA, which is about $ 2,400. However, the recent increase in size indicates the return of accumulation in the current price range. Another sign of a potential change in momentum is the RSI index, which recovered from the sales lands.
However, the current bounce does not mean a reflection of the continuous direction without additional confirmation of expanding the size and fracture over the levels of resistance, so merchants must continue to be careful.
