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Monday

01 March 2021

Price analysis 2/22: BTC, ETH, BNB, DOT, ADA, XRP, LTC, LINK, BCH, XLM

Price analysis 2/22: BTC, ETH, BNB, DOT, ADA, XRP, LTC, LINK, BCH, XLM


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If the price sustains above the midpoint of the channel, the bulls will again try to push the pair above the channel.

Contrary to this assumption, if the price sustains below the midpoint of the channel, the bears will again try to break the 20-day EMA support.

On the contrary, if the price sustains below the 20-day EMA, the bears will try to sink the pair below the channel and the 50-day SMA ($1,465).

On the contrary, if the bears sink the price below $206.1262, the decline could extend to the 20-day EMA ($168).

However, the bulls bought the dips and have pushed the price back above the channel.

If the price sustains above $1, the bulls will try to resume the up-move.

Conversely, if the price slips below $0.9817712, the pair may again drop to the 20-day EMA.

The price had rallied to $0.65155 today but the bulls could not sustain the higher levels.

The LTC/USD pair broke below the 20-day EMA ($198) and the $185.5821 support today, but the long tail on the day’s candlestick shows the bulls purchased this dip.

If the price sustains above the 20-day EMA, the bulls will again try to resume the uptrend.

On the contrary, if the price again slips below the 20-day EMA, the pair may drop to the 50-day SMA ($165).

The LINK/USD pair plunged below the 20-day EMA ($30) and the support line of the channel today.

If the bulls can sustain the price inside the channel, it will suggest that the uptrend remains intact.

On the contrary, if the price again breaks below the channel, it will indicate a possible trend change.

The BCH/USD pair broke below the 20-day EMA ($610) and fell to an intraday low at $533.33 today.

If the price sustains above the 20-day EMA, the bulls will again try to push the price back into the $670 to $745.39 range.

On the contrary, if the price sustains below the 20-day EMA, the pair may again drop to $539 and then to the 50-day SMA ($510).

The XLM/USD pair broke below the 20-day EMA ($0.44) and the $0.409 support today, but the bulls purchased at lower levels.

If the bulls fail to sustain the price above the 20-day EMA, the bears will again try to sink the price below $0.409.

On the other hand, if the price sustains above the 20-day EMA, the bulls will again try to resume the uptrend.

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cointelegraph.com
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