Bitcoin’s consolidation near $50,000 reflects a steady market and this could attract buyers to altcoins like ADA, LUNA, VET and XTZ.
Le août. 27, NOUS. Federal Reserve Chair Jerome Powell said that the central bank will start tapering its $120 billion monthly bond purchases by the end of the year, but the interest rate hikes would have to wait until the job market and inflation pass a more stringent test.
In response to the speech, les Etats Unis. indice du dollar (DXY) abattre, le S&P 500 index rose to a new all-time high, et Bitcoin (BTC) surged about $1,500 in under an hour. This showed that market participants viewed the speech as “dovish.”
Bitcoin’s uncertainty near the $50,000 mark has analysts divided about its short-term directional move. Analyst Ryan Clark believes the current consolidation in Bitcoin is similar to the one seen below $24,000 before the breakout in December 2020, but TraderXO believes that BTC may correct to the $39,000 the to 42,000 zone in September.
Will Bitcoin’s consolidation below $50,000 attract buying in altcoins? Étudions les graphiques des 5 principales crypto-monnaies qui pourraient surperformer dans les prochains jours.
BTC / USDT
Bitcoin bounced off the 20-day exponential moving average ($46,823) en août. 27 but the bulls have not been able to push the price above the overhead resistance zone at $50,000 à $50,500. This suggests that bears have not thrown in the towel yet.
If the price turns down from the current level and slips below the 20-day EMA, it will suggest that the short-term traders are booking profits. That may pull the price down to $43,927.70 puis à $42,451.67.
Si le prix rebondit sur ce support, the BTC/USDT pair may remain range-bound between $42,451.67 et $50,500 pour quelques jours de plus.
Alternativement, if the price turns up from the current level or bounces off the 20-day EMA, the bulls will again try to thrust the price above the overhead zone. S'ils réussissent à faire ça, the pair may start its journey toward $60,000.
The moving averages on the 4-hour chart have flattened out and the relative strength index (RSI) is close to the midpoint, indicating a range-bound action in the near term. The price may remain stuck between $46,200 et $49,500 pour quelques temps.
If bulls drive the price above $49,500, the pair may challenge the $50,500 la résistance. A breakout and close above this level could signal the start of the next leg of the uptrend. Au contraire, if bears sink the price below $46,200, la paire peut tomber à $44,000.
ADA / USDT
Cardano (IL Y A) is currently consolidating between $2.97 et $2.47. The price had dropped to the breakout level at $2.47 en août. 26 but the sharp rebound off it on Aug. 27 shows that bulls have flipped the level into support.
A consolidation near the all-time high is a positive sign as it shows that traders continue to buy on dips. Les deux moyennes mobiles sont en pente ascendante et le RSI est proche du territoire de surachat, indicating that the path of least resistance is to the upside.
If buyers drive and sustain the price above the psychological barrier at $3, the ADA/USDT pair could resume its uptrend. Le prochain objectif cible à la hausse est $3.50.
Contrairement à cette hypothèse, if the price turns down from the $2.97 à $3 zone de résistance, la paire peut prolonger son séjour à l'intérieur de la plage pendant quelques jours de plus. Une pause et fermer ci-dessous $2.47 will suggest that the bullish momentum has weakened.
The RSI on the 4-hour chart has formed a negative divergence, indicating that the upward momentum may be slowing down. If bears pull and sustain the price below the 50-simple moving average, la paire peut tomber à $2.47.
A strong bounce off this support could keep the pair range-bound between $2.47 et $2.97 pour quelques temps. The bears will have to sink the price below the $2.47 à $2.31 support zone to gain the upper hand. Alternativement, the uptrend may resume if bulls drive and sustain the price above $2.97.
Terra protocol’s LUNA token is in a strong uptrend. After a few days of consolidation, the price rebounded off the 20-day EMA ($26.42) en août. 27, indicating that the sentiment remains positive.
The upsloping moving averages and the RSI in the overbought territory indicate that bulls have the upper hand. The first target objective on the upside is a move to $43 and if that level is crossed, the LUNA/USDT pair may rally to $50.
toutefois, the long wick on today’s candlestick suggests that bears are defending the overhead resistance aggressively. If bears pull the price below $32, la paire pourrait chuter à l'EMA de 20 jours.
This is an important level for the bulls to defend. A strong bounce off it will suggest that the uptrend remains intact but a break below the 20-day EMA will indicate that the bullish momentum has weakened.
The 4-hour chart shows a broadening triangle formation which indicates an increase in volatility. The buyers had pushed the price above the triangle but they could not sustain the breakout, suggesting aggressive selling by the bears at higher levels.
Si le prix rebondit sur le 20-EMA, the bulls will again make one more attempt to clear the overhead hurdle. If bulls sustain the price above the triangle, it may signal the resumption of the up-move. The pattern target of this setup is $46.95.
Alternativement, si le prix tombe en dessous des moyennes mobiles, the pair could drop to the support line of the triangle. A break and close below this support will signal that bears have overpowered the bulls. The pair may then drop to the $22.40 à $20.81 zone de support.
EFP / USDT
After the sharp recovery from its recent lows at $0.05 en juillet 21, VeChain (VÉTÉRINAIRE) has formed a pennant. This setup will complete after the price breaks above or below the formation.
L'EMA de 20 jours ($0.11) has flattened out and the RSI has dropped close to the midpoint, suggérant un équilibre entre l'offre et la demande. A breakout and close above the resistance line of the pennant will suggest the resumption of the up-move.
The first target objective on the upside is a move to $0.16 et si ce niveau est franchi, the VET/USDT pair may rally to $0.19.
inversement, if the price breaks below the support line of the pennant, the bullish view will be negated. The pair could then decline to the 50-day SMA ($0.09).
The 4-hour chart shows the price is getting squeezed inside the triangle. Both moving averages are flat and the RSI is just below the midpoint, qui ne donne un avantage clair ni aux taureaux ni aux ours.
The rebound off the support line is facing stiff resistance at the 50-SMA. Si le prix baisse par rapport au niveau actuel, the bears will try to sink the pair below the support line. S'ils réussissent, la paire peut tomber à $0.082.
D'autre part, if bulls drive the price above the 50-SMA, the pair could challenge the resistance line. A breakout and close above this resistance could signal the resumption of the up-move.
en relation: Perspectives hebdomadaires Bitcoin: Pourquoi un nouveau test de 50 000 $ est probablement en avance sur les données sur l'emploi aux États-Unis de vendredi
XTZ / USD
Tezos (XTZ) completed a rounding bottom pattern when the price broke and closed above the overhead resistance at $4.47. This suggests the start of a new uptrend that has a pattern target at $6.85.
habituellement, after the price breaks out of a setup, it retests the breakout level. Dans ce cas, the XTZ/USDT pair could drop to $4.47. Si les taureaux transforment ce niveau en support, cela suggérera le début d'une nouvelle tendance haussière. L'EMA montante de 20 jours ($4.25) and the RSI in the overbought zone indicate advantage to buyers.
Contrairement à cette hypothèse, if the price turns down from the current level and breaks below the 20-day EMA, cela suggérera que l'offre dépasse la demande. That could trap several aggressive bulls and result in a decline to the 50-day SMA ($3.31).
The 4-hour chart shows that the pair picked up momentum after it rose above the $4.47 la résistance. Both moving averages are sloping up and the RSI is near the overbought zone, indicating that bulls have the upper hand.
The pair could rally to the overhead resistance zone at $6.31 à $6.50 where bears may mount a stiff resistance. The first sign of weakness will be a break and close below the 20-EMA. That could open the doors for a decline to the breakout level at $4.47.
Les vues et opinions exprimées ici sont uniquement celles de l'auteur et ne reflètent pas nécessairement les vues de Cointelegraph. Chaque mouvement d'investissement et de trading comporte des risques, vous devez mener vos propres recherches lorsque vous prenez une décision.
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