-
A minimum price does not guarantee a "fund" but a good opportunity.
-
These are moments for traders, action and protection.
-
The market smells of bullish anxiety, so we also have bearish potential.
It is understandable that everyone will ask the same question. The market has gone down all year and everyone, absolutely everyone, is waiting for the moment to see the market go up definitively.
Has the Crypto market hit the ground?
Looking at the charts, we could quickly say yes, that at least Bitcoin and Ethereum are moving in a price range restricted to the annual lows. On the XRP / USD it would not be correct to state it, because the XRP / USD left the technical fund to $ 0.25 again in September.
However, the BTC / USD and ETH / USD are moving into a support price zone is not enough. It is not possible to see a market fund in advance due to the volatility in this type of scenario.
We can only assume, following schemes and indicators, that there is a high probability that a medium-term fund will be formed.
Nothing more.
BTC / USD 240 minutes.
The BTC / USD is currently trading at $ 3.945 Price level. During the Asian session it fell to a low level $ 3,750, but at this moment the BTC / USD recovers support a $ 3,930 (support for price congestion).
Above the current price, the first resistance level is a $ 4,072 (EMA50) followed by SMA100 at the address $ 4,273. The second level of resistance is a $ 4,400 (resistance to price congestion). This price level is fundamental in the short term. A close above this level of resistance would change the short-term rise in the BTC / USD situation. The goal would be a $ 5.250, where SMA200 meets the long-term extension line of the bearish channel.
Below the current price, the first support is at the already mentioned level of $ 3,930. The second level of support is a $ 3,250 (support for price congestion). Between the two levels of strong support, there are two less $ 3,750 is $ 3,250. The third level of support is a $ 2,880 (support for price congestion). From my point of view, this would be a possible level to buy if a terminal movement occurs before a bullish turn.
The 240-minute MACD shows a favorable structure for a bullish cross. It is not divergent with the price, which subtracts the upside potential. We should not forget that the Ripple is now at a stage where its behavior will be relatively worse than that of Bitcoin or Ethereum.
The 240-minute DMI shows that Bears and Bulls are at similar levels. The last ones do not exceed the ADX, but their trajectory is bullish. The bears, on the other hand, reduce their activity and aim for the lower levels.
ETH / USD 240 minutes.
ETH / USD is currently trading at $ 111.39 price level after lowering the annual minimum a $ 100.85. At these levels, money appears and holds high Ethereum $ 100.
Below the current price, the first level of support is at the indicated annual minimum. It is not a very consistent support, but if the ETH / USD loses it, it will send a powerful bearish signal. The second level of support is a $ 94.5 (support for price congestion). The third level of support is a $ 80.5 (support for price congestion). In the case of an aggressive terminal movement, this would be an ideal entry point if we know how to use the protection stops.
Above the current price, the first resistance level is a $ 117.04 (EMA50). The second level of resistance is a $ 124.5 (resistance to price congestion). The third level of resistance is a $ 126.15 (SMA100).
Source link
