BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LEO. SHIB

 

Bitcoin (BTC) Fell near the critical support of $ 20,000 On June 15, traders panicked and threw out their shares, fearing that the United States Federal Reserve would raise interest rates aggressively. Celsius and the fear that lending could spread the infection is another reason for the sale. Crypto Venture Capital is owned by Three Arrows Capital (3AC) Going up the belly.

Data from the on-chain analytics platform cryptocurrency are displayed 59,376 Bitcoin 24 hour exchange Maximum credit after June 14th, November 30th, 2018 Bitcoin miners Joined other investors in sending Bitcoin for transactions. The Bitcoin Miners Flow Metric Exchange Reached a seven-month high of 9,476, indicating that miners may still face a downturn.

Daily cryptocurrency market performance. Source: Coin 360

Major investors are divided on whether or not a bottom has been made in Bitcoin. Galaxy Digital Holdings Chairman and CEO Mike Novogratz believes that Bitcoin can hold $ 20,000 And ether (ETH) May be below $ 1,000. These positions were mentioned by Arthur Hayes, co-founder and former chairman of BitMEX, who warned that if the levels deteriorated, it would lead to “massive selling pressure in spot markets”.

What are the important positions to look out for in Bitcoin and major Altacoins? Let’s study the charts of the top-10 cryptocurrencies to find out.

 

BTC / USDT

Bitcoin is in a firm bear grip. Seen from the long thread in the candlestick that day, on June 14 the bulls tried to start coming back, but the bears did not relax. They actively sold and raised the price to $ 20,111 on June 15.

BTC / USDT Daily Chart. Source: TradingView

The sharp sell-off in the last few days has pulled the Relative Strength Index (RSI) close to 21. This indicates that regeneration is possible in the short term. The BTC / USDT pair may rise 38.2% Fibonacci retracement level of $ 24,562 and then 50% retracement level to $ 25,938. Bears are expected to mount strong defenses in this zone.

If prices fall from this overhead zone, the Bears will try to restart the descent by pulling the pair below $ 20,000. If they win, the pair may reduce the next support to $ 17,500 and then to $ 16,000.

Buyers should push prices above the 20-day fast moving average ($ 27,748) to indicate a possible trend change.

ETH / USDT

Ether is in strong fall. Buyers tried to contain the decline on June 14, but were unable to maintain high levels. The Bears resumed their sale on June 15, but the Bulls are maintaining the psychological level of $ 1,000 at their full strength.

ETH / USDT Daily Chart. Source: TradingView

The relentless sales over the past few days have dragged the RSI into a high-selling area. This suggests that sales may have been exaggerated in the short term. This could lead to a strong bear market rally that could pick up momentum above $ 1,268. The ETH / USDT pair may then rally to a 20-day EMA ($ 1,636).

Alternatively, if the price continues to fall below $ 1,000, it may suggest resuming the downturn. The pair could then drop to $ 900, where the bulls will try to prevent a fall again.

BNB / USDT

Accounting Coin (BNP) Witnessed a fierce battle between bulls and bears near the critical level of $ 211. On June 14 the bulls tried to start recovering but they were unable to maintain a high level.

BNB / USDT Daily Chart. Source: TradingView

The Bears took advantage of this and pulled the price down to $ 211 on June 15. While the declining moving averages are in favor of the Bears, the RSI’s deeply oversold level indicates a relief rally in the short term.

If the bulls retain a price above $ 211, the BNB / USDT pair may try to move to a 20-day EMA ($ 275). A break above this resistance and closure could suggest that it could still be stuck in a large range between $ 211 and $ 350 for a few more days.

Conversely, if prices fall from the current level or the 20-day EMA, the Bears will try to restart the decline. The negative next support is $ 186.

ADA / USDT

Bears try to pull Cardano (ADA) Was below support of $ 0.44 on June 13 and June 14, but failed to maintain low levels. This suggests that bulls are aggressively protecting the support zone at $ 0.44 to $ 0.40.

ADA / USDT Daily Chart. Source: TradingView

Bulls will try to raise prices above the 50-day simple moving average ($ 0.60). If they can do that, the ADA / USDT pair could rise to $ 0.69 and then $ 0.74. Bears are likely to protect this overlying zone with malignancy.

Contrary to this assumption, a fall in the 20-day EMA ($ 0.54) would suggest that the trend is negative and that traders are selling at smaller rallies.

The Bears will then try again to sink prices below the support zone. If they win, the pair will mark the start of the next phase of the downhill. The negative next support is $ 0.30.

XRP / USDT

Ripple (XRP) Fell to $ 0.30 on June 13, targeting the gap below the downward triangle. The Bears pulled prices below support on June 14, but the bulls bought the dip as seen from the long tail in the candlestick that day.

XRP / USDT Daily Chart. Source: TradingView

Buyers are trying to start a recovery that can reach a breakdown of $ 0.38. If the Bears flip this measure against, it would suggest that the feeling is negative. Vendors will try to restart the retreat and sink the XRP / USDT pair at $ 0.24 in the next strong support.

Conversely, if the bulls keep driving above $ 0.38, it would suggest a strong buy at a lower level. Buyers will try to push the pair to a 50-day SMA ($ 0.45). The Bears will be a strong challenge in the zone between $ 0.46 and $ 0.50.

SOL / USDT

Solana (SOL) Trying to stay above $ 26 level. On June 14 the bulls tried to push the price above the break level of $ 35, but the bears kept their position. This suggests that the Bears are trying to turn the $ 35 level into resistance.

SOL / USDT Daily Chart. Source: TradingView

If the price drops below $ 26, it may suggest a resumption of the downturn. The SOL / USDT pair can then drop to $ 22 and then to the psychological level of $ 20.

If buyers raise prices above the 20-day EMA ($ 38), this rugged view will become invalid in the short term. If that happens, the aggressive bears, who have entered the low levels for less than $ 35, may rush out. This will result in a short pressure and push the pair towards overhead resistance at $ 60.

Dog / USDT

Buyers are trying to retain Dogecoin (DogAbove the psychological level of $ 0.05. The deeply oversold levels of the RSI indicate that a relief rally is possible in the short term.

DOGE / USDT Daily Chart. Source: TradingView

If prices rise from the current level, bulls will try to push the DOGE / USDT pair to a 20-day EMA ($ 0.07). If prices fall from this level, the bears will try to resume the descent and sink the pair to $ 0.04.

Contrary to this assumption, if the price breaks above the 20-day EMA, the uptrend will accelerate and the pair may rally to the 50-day SMA ($ 0.09). Such a move would suggest that the pair may have fallen down sooner.

Related: NEXO prices fall 40% in three days amid fears of infection by ‘bankrupt’ crypto funds

DOT / USDT

Polkatode (DOT) Has been trading near the key support level of $ 7.30 for the last two days. Although the bears pulled prices below $ 7.30, they were unable to maintain low levels. This indicates a strong buy in tips.

DOT / USDT Daily Chart. Source: TradingView

The DOT / USDT pair could rise to a 20-day EMA ($ 8.80) if buyers retain a price above $ 7.30. This is an important position because a gap and cover pair above it can be consolidated for some time between $ 6.36 and $ 12.44.

Conversely, a drop in prices from the 20-day EMA would suggest that the Bears are performing higher. A break and closing below $ 6.36 would mark the resumption of the fall. The pair could then drop to $ 5 and then $ 4.23.

LEO / USD

UNUS SED LEO (Leo) Is below the moving average on June 13 but the long tail of the candlestick of the day shows aggressive buying at low levels. It was followed by a one-day candlelight vigil on June 14 indicating instability between buyers and sellers.

LEO / USD Daily Chart. Source: TradingView

On June 15 the bulls tried to push the price towards the resistance line of the descent canal, but the bears had other plans. They have pulled prices below the moving average, increasing the chance of the channel’s support line falling.

If the price strengthens from the support line, the LEO / USD pair will remain within the channel for a few more days. The next trending move will begin if the pair of bears sink below the channel or the bulls push the price above the resistance line.

SHIB / USDT

The bulls are aggressively trying to defend the $ 0.000007 level. Shiba Inu (SHIB) On June 14 Doji created the candle shape, which symbolizes the instability between bulls and bears.

SHIB / USDT Daily Chart. Source: TradingView

If the uncertainty is reversed and the bulls push the price above $ 0.000009, the SHIB / USDT pair break level could rise to $ 0.000010. This suggests that if prices fall from this level, the trend will remain negative and traders will sell at the rally. The Bears will try to restart the recession and sink the pair to $ 0.000006.

Alternatively, if the bulls pay a price above the downline, it will open the door to a potential rally for $ 0.000014. It can be said that such action may have knocked the couple down.

The views and opinions expressed herein do not necessarily reflect the views of the author and the Cointelegraph. Every investment and trading activity involves risk. You should do your own research when making a decision.

Market data provided HitBTC Exchange.

 

 

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