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BITCOIN COULD RISE AGAIN THOUGH IT BREAKS THE $18,750 SUPPORT

BITCOIN COULD RISE AGAIN THOUGH IT BREAKS THE $18,750 SUPPORT 

After a short recovery wave, the price of bitcoin failed to clear the resistance area of ​​$ 20,500. BTC built up and started a new decline below the $ 20,000 level.


There has been a clear movement under the $ 19,600 support line with a simple 21 standard moving average (H1). However, the bulls were operating close to the $ 18,750 area. A foundation was built and the price was adjusted above the $ 19,200 area with a bearish trend line connecting to the hourly chart.



The first major resistance is near the $ 19,850 level, in addition the price may go up to the $ 20,500 resistance level. If not, it could be back to $ 18,750.


Ethereum (ETH)

ETH is stable above the support levels of $ 1,005 and $ 1,030. The foundation was built around $ 1,030 and the price was able to launch a wave of recovery.


There has been movement over the $ 1,060 resistance area and a simple moving average of 21 (H1). Apart from that, there is a significant bullish trend line that builds with support around $ 1,050 on the hourly chart. On the other hand, the price may be facing retailers near the levels of $ 1,100 and $ 1,110.



A closure of more than $ 1,110 could open the door to further progress in the $ 1,200 dispute. The next major resistance is now close to the $ 1,250 level.


Tron (TRX)

TRX gained support near the $ 0.050 level after a sharp decline. A solid foundation was built above the $ 0.0500 level and the price began to rise steadily.


There has been a steady rise above the $ 0.0560 level. There has been a movement above the 38.2% Fib recovery rate down from the $ 0.0900 swing point to the low $ 0,0500. The price of TRX is now trading near the key resistance at $ 0.0700.



There is a significant bearish trend line in the area with a resistance near $ 0.0700. It is close to the Fib tracking rate of 50% down from the $ 0.0900 swing to $ 0.0500 low.


A clear move above the $ 0.0700 level could send the price to the resistance area of ​​$ 0.0880. If there is no upside break above the $ 0.0700 resistance, the price may reduce profits and resume a decline to a support level of $ 0.052.


ADA, BNB, and DOT price

Cardano (ADA) is moving slowly and trading above the $ 0.45 level. The next major resistance remains at $ 0.472, followed by $ 0.488.


Binance Coin (BNB) trades near the $ 225 level. If there are additional benefits, bears may appear near the $ 235 level.


Polkadot (DOT) is back above the $ 7.0 resistance level. If the bulls are always working, the price can check the $ 7.20 level.


A few trending coins are AVAX, SAND, and UNI. In this case, the UNI gains more than $ 4.95 resistance and may exceed $ 5.0.

Source: yahoo



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