Bitcoin value analysis
Butt Coin came down on March 10, 78,258 and fell to $ 76,606 on March 11, but the bear failed to maintain the level. The move shows that bulls are buying strong.
BTC/USDT Daily Chart. Source: Cointelegraph/Tradingview
In the recurrent looting phase, the sales 20 -day index is around the smooth moving average (EMA, about $, 87,262), but a positive sign for bills is that the relative force index (RSI) shows a positive turn. If the purchase method pushes the price above the 20th EMA, it will suggest that the adjustment phase will end. In this case, the BTC/USDT pair can increase by 50 days of easy moving average (SMA, 94.654).
Meanwhile, the defense of 73,777 will be very important for the bulls, at a low cost. If it falls below this level, it can fall to 000 67,000.
Ether Price analysis
Ether (ETH) came down on March 9 with 99 1,993 support, and continued to fall on March 11.
ETH/USDT Daily Chart. Source: Cointelegraph/Tradingview
The bulls are trying to respond, but it is expected that their recovery will be subject to strong resistance to the key to eliminating the key support of $ 2,111. If prices are once again submerged by $ 2,111, this level has turned into resistance, which has increased the risk of coming down $ 1,754. In this case, the ETH/USDT pair can fall to $ 1,500.
On the contrary, if the market breaks above 20 days’ EMA (2,235)), it may be a sign that the market has denied less than $ 2,111, and the couple may increase to $ 2,800. However, pressure is expected to sell at this level.
XRP price analysis
The XRP temporarily fell down on March 11 with a $ 2 support, but as the long lower beard suggests, the bear failed to maintain the level.
XRP/USDT Daily Chart. Source: Cointelegraph/Tradingview
Currently, Bears are trying to recover in the 20th EMA (about 2. 2.35). If prices fall again, there is more likely to fall below $ 2. In this case, the XRP/USDT pair will complete the “head and shoulder (H&S)” pattern. 77 1.77 has a small support, but if it comes down, the reduction can stay up to $ 1.28 by then.
On the contrary, if prices cross the 20 -day EMA, the couple can increase SMA (8 2.58) and then aim to $ 3.
Solna price analysis
Solana (Civil) began to recover from 212 on March 11, which shows that the bulls are firmly defending their $ 110 support.
Civil/USDT Daily Chart. Source: Cointelegraph/Tradingview
The RSI (Relative Force Index) shows the initial signs of a positive turning point, which shows that the fall can weaken. The first sign of the fast is the 20 -day index smooth moving average (EMA, 5 145) and a closing price has been confirmed at this level.
On the other hand, if prices fall from the current level or around the 20th EMA, it means that they are also selling in the slightest looting phase. This will increase the risk of $ 110 support brakes, and the SOL/USDT pair can fall to $ 98 and another $ 80.
The insights and interpretations of this article are the author’s own and does not necessarily reflect the views of the quintal graph. This article does not include investment suggestions or recommendations. Every investment or transaction involves a risk, and readers should make their own research and make decisions.
