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Monday

01 March 2021

Price analysis 2/19: BTC, ETH, BNB, DOT, ADA, XRP, LTC, LINK, BCH, XLM

Price analysis 2/19: BTC, ETH, BNB, DOT, ADA, XRP, LTC, LINK, BCH, XLM


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However, if the price turns down from the resistance line of the channel, the BTC/USD pair may drop to the midpoint of the channel where the bulls are likely to provide support.

That could drag the price to the support line of the channel.

However, if the bulls can propel the price above the resistance line of the ascending channel, the momentum could pick up and the ETH/USD pair may rally to $2,515.

This assumption will be negated if the price turns down from the overhead resistance and breaks below the 20-day exponential moving average ($1,714).

The trend could turn negative if the bears sink the price below the support line of the channel.

That could pull the price down to the 61.8% retracement level at $206.1262.

If the bears can sink the price below $29.50, the pair may drop to the 20-day EMA ($25) and then to the support line of the channel.

If the bulls can thrust the price above the $0.9817712 to the $1 resistance zone, the ADA/USD pair could start the next leg of the uptrend.

Contrary to this assumption, if the price turns down from the overhead resistance, the pair may drop to $0.8082031 and remain range-bound between these two levels.

If the price turns down from the overhead resistance, the altcoin may consolidate between $0.50 and $0.65 for a few days.

That could pull the price down to the next support at $0.38550.

Contrary to this assumption, if the price turns down from the current level and slumps below $220, it will suggest profit-booking by short-term traders.

If the buyers can propel the price above $35.6945 and the resistance line of the ascending channel, the LINK/USD pair could pick up momentum and rally to $46.

If they succeed, the LINK/USD pair could drop to the support line of the channel.

Contrary to this assumption, if the price turns down from the current level or the overhead resistance and breaks below $670, the BCH/USD pair may start a deeper correction to the 20-day EMA ($589).

The bears may again mount a stiff resistance at $0.600681, but if the bulls can push the price above it, the XLM/USD pair could rally to $0.796804.

On the other hand, if the price turns down from the overhead resistance, the XLM/USD pair could drop to $0.50 and remain range-bound between these two levels for a few days.

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cointelegraph.com
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bitsmart 2021