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Tuesday

21 September 2021

Top 5 cryptocurrencies to watch this week: BTC, ETH, ICP, AAVE, LUNA

Top 5 cryptocurrencies to watch this week: BTC, ETH, ICP, AAVE, LUNA


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If the bulls do not give up much ground from this resistance, it will suggest that short-term traders are not booking profits at this level.

This bullish view will invalidate if the price turns down and breaks below the 20-EMA.

Contrary to this assumption, if bears pull the price below the 20-day EMA, it will suggest that bears are in no mood to relent.

If the price rebounds off the 20-EMA, the bulls will make one more attempt to push the pair above $2,200.

A breakout and close above this overhead resistance will open the doors for a possible rally to $2,400.

Contrary to this assumption, if bears pull the price below the 20-EMA, the decline could extend to the $2,000 support.

If bulls drive the price above the 50-day SMA ($47.33), the ICP/USDT pair could rise to the overhead resistance at $59.42.

A breakout and close above this resistance will complete a double bottom pattern, indicating the start of a new uptrend.

This positive view will invalidate if the price turns down from the current level and breaks below $26.92.

Conversely, a break below the 20-EMA could pull the price down to the 50-SMA.

The bulls are facing stiff resistance at the psychological level at $300 but if they do not allow the price to sustain below the 20-EMA, it will increase the possibility of a break above the downtrend line.

Alternatively, if the price sustains below the 20-EMA, the pair could drop to $268 and then to the 50-SMA.

The bulls will then again try to push the price to the downtrend line.

If bulls push the price above $8.72, the momentum could pick up.

This level may again act as a resistance but if bulls do not give up much ground, the pair could attempt to break above the downtrend line.

If bulls can drive the price above $8.72, the short-term uptrend may pick up momentum and the pair may rise to $10.

Contrary to this assumption, if bears pull the price below the 20-EMA, it will suggest weakness in the short term.

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Bitcoiners Are The Remnant, The Masses Don’t Matter
published: 28 minutes ago
Mass adoption of Bitcoin isn’t important. Selective adoption is and always has been how any revolutionary technology or transformation comes about. The masses will join by default.

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cointelegraph.com
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bitsmart 2021