Cardano (ADA)  The Bulls are currently vying for $ 0.13 and both oscillators have a flat position in bearish territory, which alludes to the sale of the exhaustion as the volume thins out . ” width=”980″ height=”602″/>
The Bulls are currently vying for $ 0.13 and both oscillators have a flat in bearish territory, which alludes to selling out as the volume also thins out. If ADA 0 0 is not able to hold $ 0.13, it could go down to $ 0.125 where sellers have shown interest previously.
Items at $ 0.125 and below are favorable as ADA should recover at the resistance of $ 0.16 if the price of Bitcoin improves.
XRP 0 0 spent the week bouncing between $ 0.42 and $ 0.46, as $ 0.425 works like the line in the sand that the bulls refuse to abandon. $ 0.52 remains a rigid resistance, and buyers tend to show around $ 0.43. A decline of less than $ 0.425 will open the door to a precipitous fall starting at $ 0.245 while a move above $ 0.47 would provide the opportunity for XRP to retest resistance at $ 0.50 and $ 0.525.
Currently, the risk / return ratio denies the opening of new positions while the XRP continues to decline. A high volume shift above the downtrend line at $ 0.45 can produce a rapid trading opportunity.
Binance Coin 4-Hour Chart (BNB)
As shown in the 4-hour chart, BNB 0 0 is very active during Bitcoin rallies and corrections. The volume of purchases has increased, while sales volume has become smaller and BNB seems to stabilize in a narrower range, as indicated by the Bollinger Band indicator.
The price of the BNB is well above the 100-hour moving average (MA) and the 50 MA is surpassing 20 and is aligned with the Fib retracement level of 61.8%. The weekly and 4-hour chart shows BNB which consolidates. At the time of writing, both RSI and Stoch oscillate near the bullish territory while the BNB consolidates itself a little undecided in a narrower range.
BNB is likely to meet at $ 14.26 on a Bitcoin breakout at $ 7.800 and earnings above $ 14.26 could bring BNB back to $ 15.00.
[Disclaimer: The views expressed in this article are not intended as investment advice. Market data is provided by BITFINEX. The charts for analysis are provided by TradingView.]
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