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Tuesday

27 October 2020

Top 5 cryptocurrencies to watch this week: BTC, XLM, CRO, BNB, LTC

Top 5 cryptocurrencies to watch this week: BTC, XLM, CRO, BNB, LTC


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This signals that institutional investors could be building up positions as they expect the price to move higher in the future.

If the bulls can push the price above the downtrend line, the BTC/USD pair could retest the $11,719 resistance.

This positive view will be invalidated if the pair turns down from the downtrend line and plummets below the 20-day EMA.

However, if the bulls can propel the price above the downtrend line, the bearish pattern will be invalidated.

21 but the bears could not capitalize on this move and sink the price below $0.066841.

If the pair stays above the moving averages, the buyers will make one more attempt to drive the price above $0.084584.

The pair had broken above the channel but the bulls could not clear the hurdle at $0.084584.

This suggests that the bulls will again try to thrust the price above the overhead resistance.

This bearish view will be invalidated if the pair rises and sustains above the breakdown level of $0.144743.

If the buyers can thrust the BNB/USD pair above the $32– $33.3888 resistance zone, the momentum could pick up and a retest of the all-time highs will be on the cards.

Contrary to this assumption, if the bears sink and sustain the pair below the 20-day EMA, it will signal weakness.

This balance will tilt in favor of the bears if they can sink and sustain the price below $29.5646.

Conversely, if the bulls propel the price above the overhead resistance zone, it will signal the resumption of the uptrend.

If the bulls can push the price above the moving averages, the LTC/USD pair could again rise to $51.50.

A breakout and close (UTC time) above this level could start a new uptrend.

This bullish view will be invalidated if the bears sink the pair below the trendline.

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cointelegraph.com
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