Sunday, June 26, 2022
Arover
  • Home
  • Cryptocurrency
  • Economy
  • Technology
No Result
View All Result
  • Home
  • Cryptocurrency
  • Economy
  • Technology
No Result
View All Result
Arover
No Result
View All Result
Home Cryptocurrency

What are the conditions for changing the BTC market? Cryptocurrency Chart Analysis: Bitcoin, Ether, XRP (Ripple)

Zachary Pearce by Zachary Pearce
September 11, 2021
in Cryptocurrency
0
What are the conditions for changing the BTC market? Cryptocurrency Chart Analysis: Bitcoin, Ether, XRP (Ripple)
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

BTC/USDT

Bitcoin has been trading between moving averages over the last two days.This suggests that the bulls are buying near the 50-day MA ($ 44,934) and the bears are resisting near the 20-day exponential moving average ($ 47,774).

BTC / USDT daily chart.Source: TradingView

Price movements in this narrow range are unlikely to last long.The 20-day EMA has begun to fall and the Relative Strength Index (RSI) has fallen into the negative territory, suggesting that the bears dominate.

If the bears cut below SMA for 50 days, BTC could fall to strong support at $ 42,451.67.The bulls will actively try to defend here. Below this, the trend will change.

Conversely, if bulls push BTC above the 20-day EMA, BTC will try to break through the $ 50,500- $ 52,920 resistance zone again.If we can break through this zone, the uptrend will resume.

ETH / USDT

The bulls have maintained the level of $ 3,377.89 over the past three days, Ethereum (ETH) can be over 20 days EMA ($ 3,464)could not。This suggests that there are bearish sales at higher prices.

ETH / USDT daily chart.Source: TradingView

The bears will try to reduce the price to $ 3,377.89 today and further to the key support of $ 3,000.The 20-day EMA has begun to fall and the RSI has fallen below 48. This suggests that the bears have a slight predominance.

If ETH rebounds from $ 3,000, it suggests there is a lower buy.After that, ETH will be in range for a few days.In order for the bulls to start rising to $ 4,000, they must first break through $ 3,567.06.

XRP / USDT

Bulls pushed XRP above the EMA ($ 1.16) for 20 days, but the long candlestick upper beard shows that it was selling hard at high prices.

XRP / USDT daily chart.Source: TradingView

The bears are trying to cut prices below SMA ($ 1) for 50 days.The 20-day EMA has fallen and the RSI is in the negative territory. This suggests that the bears dominate.

If the XRP price falls below the 50-day SMA, the XR could fall to $ 0.75.Conversely, if prices rebound from the 50-day SMA, bulls will try to push it above the 20-day EMA and keep it there.Be soFor example, XRP may rise from $ 1.35 to the resistance zone of $ 1.41.

The views and opinions expressed here are those of the author and do not necessarily reflect the views of Cointelegraph.All investment and trading movements carry risks.When making a decision, you need to do your own research.

Market dataHitBTCExchangeProvided byincrease.


Risk Disclosure: The articles and articles on Arover.net do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies.

Tags: AnalysisBitcoinBTCchangingChartconditionscryptocurrencyEtherMarketRippleXRP
Previous Post

This promo gives you 100 GB at € 8.99 / month on the Orange or SFR network

Next Post

Duel comparison: Dyson V8 Absolute vs Dreame T30

Zachary Pearce

Zachary Pearce

Related Posts

Magimix Cook Expert food processors: which one to choose?
Cryptocurrency

Magimix Cook Expert food processors: which one to choose?

by Zachary Pearce
June 26, 2022
Paribu
Cryptocurrency

Popular Chocolate Brand Mars Inc. Files NFT and Metaverse Trademark Application for M&Ms

by Zachary Pearce
June 26, 2022
Registry of cryptocurrency operators: who is obliged to register?
Cryptocurrency

Registry of cryptocurrency operators: who is obliged to register?

by Zachary Pearce
June 26, 2022
Cryptocurrency

Good deal – The HP Pavilion Aero 13 (Ryzen 5 5600U) 16 GB / 512 GB laptop at € 699.00 (-24%)

by Zachary Pearce
June 26, 2022
Indonesia to Host Coinfest Asia, First and Largest Cryptocurrency Festival in Asia
Cryptocurrency

Indonesia to Host Coinfest Asia, First and Largest Cryptocurrency Festival in Asia

by Zachary Pearce
June 26, 2022
Next Post
Duel comparison: Dyson V8 Absolute vs Dreame T30

Duel comparison: Dyson V8 Absolute vs Dreame T30

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Cryptocurrency
  • Economy
  • Technology

Browse by Tags

Amazon Analysis Announces Billion Binance Bitcoin black BTC Buy Cdiscount CEO connected Crypto Cryptocurrencies cryptocurrency deal digital economy electric ETH Ethereum finance Friday Galaxy Global warming Good launches Market Metaverse Million NFT plan Price Pro review sale sales Samsung smartphone Space Star stars tech telecoms Test
Arover

Latest News About Crypto Money News , Bitcoin News , Altcoin News And Price Analysis cryptocurrency, Bitcoin, Ethereum, XRP, blockchain, DeFi, digital finance price updates.
Contact Us : [email protected]

Categories

  • Cryptocurrency
  • Economy
  • Technology

Browse by Tag

Amazon Analysis Announces Billion Binance Bitcoin black BTC Buy Cdiscount CEO connected Crypto Cryptocurrencies cryptocurrency deal digital economy electric ETH Ethereum finance Friday Galaxy Global warming Good launches Market Metaverse Million NFT plan Price Pro review sale sales Samsung smartphone Space Star stars tech telecoms Test

Recent Posts

  • Magimix Cook Expert food processors: which one to choose?
  • Popular Chocolate Brand Mars Inc. Files NFT and Metaverse Trademark Application for M&Ms
  • Registry of cryptocurrency operators: who is obliged to register?

© Arover 2021. All Rights Reserved.

No Result
View All Result
  • Home
  • Cryptocurrency
  • Economy
  • Technology

© Arover 2021. All Rights Reserved.