BTC, ETH, XRP, BNB, SOL, ADA, Doge, PI, HBAR, LINK

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Bitcoin (BTC) appeared from USD 81,500 on March 4, and Bulls are trying to extend recovery over USD 90,000 on March 5. However, some analysts do not expect Bitcoin to start in the near future. Bitfinex analysts said on a report from markets on March 3 that Bitcoin may meet with a “significant resistance” of USD 94,000.

In another caution, Cryptoquant Xbtmanager’s collaborator said in the Quicktake post that Bitcoin would probably extend his consolidation. Therefore, risky transactions should be avoided in the next few months. The analyst said that the purchase time would come when short-term owners-with less than 155 days-they start selling, and long-term owners will start buying.

Daily view of cryptographic market data. Source: Coin360

While the nearest price action remain uncertain, investors are sure of Bitcoin’s long -term prospects. The Mexican billionaire Ricardo Salinas said in an interview with Bloomberg that 70% of his investment portfolio is in bitcoin assets, and the remaining 30% consists of gold and gold miners.

What are the critical levels of support and resistance in bitcoins and altcoins? Let’s analyze the charts of the 10 best cryptocurrencies to find out.

Bitcoin prices analysis

Bitcoin seems to create a symmetrical triangle pattern, which indicates indecision between buyers and sellers.

Daily BTC/USDT chart. Source: Cointelegraph/TradingView

The BTC/USDT pair has reached a 20-day interpretation average (USD 91,174), which is an vital resistance to be careful. A break above 20-day EMA suggests that sales pressure is decreasing. Then the couple will try to rise above the triangle retaining line and load in the 50-day-straight movable average (USD 97,259). A break and closing over 50-day SMA signals that the bulls returned to the game.

This bullish view will be negated in the near future if the price drops rapidly from the 20-day EMA and breaks below the triangle. This can cause low level 78,258 USD again.

Analysis of ether prices

Ether (ETH) was below $ 2,000 on March 4, but Bulls aggressively purchased at lower levels, as you can see from a long tail on a candlestick.

Daily chart ETH/USDT. Source: Cointelegraph/TradingView

Buyers have a task up the hill because the relief rally may encounter a solid resistance on an EMA 20-day (USD 2467), and then on the Down Trend line. If the price drops from general resistance, the bears will try to sink again and keep the ETH/USDT pair below USD 2111. If they manage to do this, the couple can fall to 1750 USD.

The first sign of strength will be close to the bottom line. This suggests that bears lose their grip. The couple can then collect in the direction of $ 3,400.

XRP price analysis

XRP (XRP) has been falling into a decreasing channel pattern for several days, which indicates the purchase of close support and the sale of close resistance.

Daily chart XRP/USDT. Source: Cointelegraph/TradingView

Both average movable ones have heard, and RSI is near the middle point, which indicates a balance between pad and demand. If the price lasts above 20-day EMA (USD 2.47), Bulls will try to push the pair XRP/USDT to the resistance line. The break and closing over the channel opens the door to the rally to USD 3.40.

And vice versa, if the price drops from a 20-day EMA and breaks below USD 2.53, suggests that bears had an advantage. Sales could have a break and close below USD 1.99. The couple may then drop to USD 1.27.

BNB price analysis

BNB (BNB) broke below the support of $ 557 on March 4, but bears could not maintain lower levels.

Daily chart BNB/USDT. Source: Cointelegraph/TradingView

Bulls are trying to start recovery, which is to be sold on an EMA (619 USD). If the price drops rapidly from an EMA, suggests that the sentiment remains negative and traders sell at rallies. This increases the risk of a break below USD 546. If this happens, the BNB/USDT pair may drop to USD 500.

This negative view will be annulled in the near future if the price is higher and a break above 50-day SMA (USD 646). The couple can then escalate to USD 686.

Solana price analysis

Buyers aggressively defend support worth USD 125 in Solan (SOL), as you can see from the long tail at the candles on March 4.

Daily Sol/USDT chart. Source: Cointelegraph/TradingView

There is a slight resistance of USD 151, but if it is crossed, the SOL/USDT pair can reach the 20-day EMA (USD 161). Sellers are expected to defeat the zone between 20-day EMA and USD 180. If the price drops from the general zone, the couple can oscillate from 180 to 125 USD for a while.

Contrary to this assumption, if the price drops and breaks below 125 USD, it signals that every petite rally is sold. The couple could fall to $ 110, and then to $ 100.

Cardano price analysis

Over the past few days, Cardano (ADA) has witnessed violent movements, signaling a challenging battle between bulls and bears.

Daily chart ADA/USDT. Source: Cointelegraph/TradingView

The Ada/USDT pair affected the 20-day EMA (0.80 USD) on March 4, which indicates that lower levels attract buyers. If the price stays above 1 USD, Bulls will try to push the pair to $ 1.25 again.

Usually, after high variability periods, the range compression occurs. If the price does not last above USD 1, it will indicate sales on rallies. This can maintain the range of steam between 20-day EMA and USD 1 for some time.

Dogecoin price analysis

Dogecoin (Doge) turned away from 20-day EMA (0.23 USD) on March 3 and burst below the support line.

Daily Doge/USDT chart. Source: Cointelegraph/TradingView

A petite positive for bulls is that they did not allow you to slip the prices below 0.18 USD support. Buyers will try to press and maintain a price above 20-day EMA again. If they manage to do this, he suggests that the break below the channel could be a bear trap. The Doge/USDT pair may escalate to the 50-day SMA (0.28 USD).

On the other hand, the break and closing below USD 0.18 can start the next stage of the decline to $ 0.14, and ultimately to a solid support of USD 0.10.

Related: 3 Reasons why Bitcoin sells Trump in tariff news

PI price analysis

Pi (Pi) witnessed a huge rally from USD 0.10 from 20 February to USD 3 on February 26, signaling aggressive shopping via Bulls.

Daily chart PI/USDT. Source: Cointelegraph/TradingView

Profit reservation reduced the lower price on February 27, and the PI/USDT pair supports 50% of the fibonacci recovery level of $ 1.55. The couple will try a support rally up to USD 2.38, and then to USD 2.80. A break and closing above 3 USD indicate a resumption of growth compared to USD 4.45.

However, bears are unlikely to give up easily. They try to sell rallies and will draw a price below $ 1.55 support. If they manage to do this, the couple may fall to the level of recovery 61.8% 1.20 USD.

Heder price analysis

Hedera (HBAR) has traded between average movements in the last three days, which indicates uncertainty as to the next directional movement.

Dziennik HBAR/USDT. Source: Cointelegraph/TradingView

20-day EMA (USD 0.23) began to appear gradually, and RSI is just above the middle point, which suggests a slight advantage for bulls. The break and closing above the 50-day SMA (0.26 USD) can start therefore to 0.32 USD, and later to 0.35 USD.

Alternatively, a break and closing below USD 0.22 suggest that the bears have returned. The HBAR/USDT pair can drop to 0.17 USD, which is an vital level for buyers for defense.

Chain price analysis

Link (link) slipped under the support line of the pattern of the decreasing channel on March 4, but Bulls was bought by a DIP seen from a long tail on a candlestick.

LINK/USDT DAIL DAIL. Source: Cointelegraph/TradingView

Buyers will have to push and maintain a price above 20-day EMA (USD 16.67) to suggest that sales pressure is decreasing. Link/USDT pair may escalate to the 50-day SMA (20.12 USD), which will probably act as a mighty resistance.

On the contrary, if the price drops from the current level and closes below the support line, it indicates that bears remain under control. Sales can accelerate below USD 13.08, attracting a pair in the direction of 10 USD.

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.

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