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Tuesday

27 July 2021

Price analysis 7/16: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC

Price analysis 7/16: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC


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The bulls will then try to push the price above the moving averages.

If bears sink the price below $1,728.74, the ETH/USDT pair will complete a descending triangle pattern.

Contrary to this assumption, if the price rebounds off the $1,728.74 support, the bulls will make one more attempt to clear the moving averages.

On the contrary, a break below the $276.40 to $264.26 support zone will signal advantage to the bears.

Cardano’s (ADA) rebound off $1.19 on July 14 could not climb back above $1.28, suggesting that bears are defending this level aggressively.

On the other hand, if bears sustain the price below $1.19, the ADA/USDT pair could continue its decline to $1.10.

The downsloping moving averages and the RSI below 39 suggest that bears have the upper hand.

If the price rebounds off $0.50 with strength, the bulls will again try to push the XRP/USDT pair above the 20-day EMA ($0.65).

On the other hand, if bears sink the price below $0.50, the pair could drop to the next support at $0.45 and later to $0.40.

If the price rebounds off $0.15, the bulls will try to push the price above the 20-day EMA ($0.22).

If the price sustains below $13, the DOT/USDT pair could decline to the next support at $10.

If the price sustains above $16.93, the bulls will again try to push the price to the downtrend line.

Conversely, if the price sustains below $16.93, the UNI/USDT pair could drop to $15 and later to the critical support at $13.

Both moving averages have turned down and the RSI has dipped below 40, indicating that bears have the upper hand.

If the price rebounds off this level, the bulls will again try to push the BCH/USDT pair above $475.69.

The declining moving averages and the RSI below 36 suggest that bears are in control.

If bears sink and sustain the price below $118, the LTC/USDT pair could drop to the $104.92 to $100 support zone.

This zone may attract buyers but if bulls fail to propel the price back above $118, the selling might continue.

This negative view will invalidate if the price rebounds off the current level and breaks above the downtrend line.

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cointelegraph.com
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