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Tuesday

28 September 2021

Price analysis 9/15: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, UNI, LUNA

Price analysis 9/15: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, UNI, LUNA


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Sustained buying by the bulls and possibly short-covering by short-term bears has propelled Bitcoin above the 20-day exponential moving average ($47,195) today.

If bulls sustain the price above the 20-day EMA, the BTC/USDT pair could rise to the overhead resistance zone of $50,500 to $52,920.

Such a move will suggest that the pair could remain range-bound for a few days.

If the price breaks and closes above the 20-day EMA, the pair could rise to the overhead resistance zone at $2.97 to $3.10.

On the contrary, if the price turns down from the 20-day EMA, the bears will again try to sink the pair to the 50-day SMA.

A break and close below this support will suggest a possible trend change.

If bulls succeed in sustaining the price above the 20-day EMA, it will suggest that the correction might be over.

On the contrary, if the price turns down from the 20-day EMA, it will indicate that bears are selling on relief rallies.

A break and close below the 50-day SMA will suggest that bears have overpowered the bulls.

The selling could intensify if bears sink the price below the Sept.

Contrary to this, if bulls drive and sustain the price above the 20-day EMA, it will indicate that the correction could be over.

On the other hand, if the price turns up and rises above $171.83, the pair could rally to $197.41 and then retest the all-time high at $216.

If buyers thrust and close the price above the resistance line, the DOT/USDT pair could pick up momentum.

A break and close below the 20-day EMA will be the first sign that bears have made a strong comeback.

If bears sink the price below $0.21, the DOGE/USDT pair could plummet to the next major support at $0.15.

On the contrary, a break and close above the moving averages will be the first sign that bulls are back in the game.

On the contrary, if the price rebounds off $25 or from $23.45, it will suggest that bulls are attempting a comeback.

A break and close below the 20-day EMA will signal advantage to the bears.

Conversely, if bulls drive the price above $38, the pair could again resume its up-move toward the all-time high at $45.01.

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cointelegraph.com
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