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Sunday

19 September 2021

Price analysis 9/10: BTC, ETH, ADA, BNB, XRP, SOL, DOGE, DOT, LUNA, UNI

Price analysis 9/10: BTC, ETH, ADA, BNB, XRP, SOL, DOGE, DOT, LUNA, UNI


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This suggests that bulls are buying on dips near the 50-day simple moving average ($44,934) but bears are not willing to give up and are selling near the 20-day exponential moving average ($47,774).

If bears sink the price below the 50-day SMA, the BTC/USDT pair could drop to the strong support at $42,451.67.

Alternatively, if bulls drive the price above the 20-day EMA, the pair could retest the overhead zone of $50,500 to $52,920.

If the ETH/USDT pair rebounds off $3,000, it will suggest accumulation at lower levels.

The bulls successfully defended the $2.47 support for the past two days but could not push the price above the 20-day EMA ($2.59).

The downsloping 20-day EMA and the RSI below 46 suggest that bears have a slight edge.

This negative view will invalidate if the price rebounds off the current level and rises above the 20-day EMA.

Contrary to this assumption, if the price rebounds off the 50-day SMA, the bulls will make one more attempt to push the pair above the 20-day EMA.

The bears will now try to sink the price below the 50-day SMA ($1).

If the price sustains below the 50-day SMA, the XRP/USDT pair could slide to $0.75.

Conversely, if the price rebounds off the 50-day SMA, the bulls will try to push and sustain the price above the 20-day EMA.

Contrary to this assumption, if bears pull the price below the trendline, the SOL/USDT pair could drop to the 20-day EMA ($131).

The downsloping 20-day EMA ($0.27) and the RSI below 39 suggest advantage to bears.

On the contrary, if bulls thrust the price above $35.68, the pair could resume the uptrend toward $41.40 and then to $46.83.

If buyers sustain the price above $36.80, the LUNA/USDT pair could resume its uptrend.

Conversely, if bears pull the price back below $36.89, the pair could drop to the 20-day EMA.

On the other hand, if the price rebounds off $21, it will suggest that bears are accumulating on dips.

The bulls will then make one more attempt to push the price above $25.

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cointelegraph.com
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bitsmart 2021