The crypto markets and U.S. equity markets are attempting a recovery today as fears of a widespread contagion due to Chinese developer Evergrande defaulting on its debt recede. Bridgewater Associates co-chairman and co-chief investment office Ray Dalio said on Wednesday that Evergrande’s debt was “manageable.”

Ming Tan, a director at the credit rating agency Standard & Poor’s, said that the Chinese government may step in and restructure Evergrande.

The Crypto Fear & Greed Index had plunged to 21 livelli, indicating extreme fear among investors. però, while speaking on CNBC, Galaxy Digital CEO Mike Novogratz said that the crypto markets remain in good shape as long as Bitcoin (BTC) sustains above $40,000 ed Ether (ETH) stays above $2,800.

Performance giornaliera del mercato delle criptovalute. fonte: Coin360

Traders may now shift their focus to the Federal Reserve’s policy statement with economic and interest rate forecasts on Wednesday, which will be followed by a press conference by Fed Chair Jerome Powell.

Could Bitcoin and altcoins sustain the rebound or will higher levels attract selling by the bears? Studiamo le classifiche delle prime 10 criptovalute per scoprirlo.

BTC / USDT

Bitcoin plunged below the neckline on Sept. 21, which completed the bearish head and shoulders pattern. però, a positive was th bulls have pushed the price back above the neckline today. This suggests strong buying at lower levels.

Grafico giornaliero BTC / USDT. fonte: TradingView

If buyers sustain the price above the neckline, it could trap several aggressive bears, resulting in a short squeeze. The BTC/USDT pair could then rally to the 20-day exponential moving average ($46,038) where bears may pose a stiff challenge.

The moving averages have completed a bearish crossover and the relative strength index (RSI) is in the negative zone, indicating that bears are in command.

If the price fails to sustain above the neckline, the bears will attempt to resume the downtrend. Il primo supporto al ribasso è $37,332.70 and then the pattern target at $32,423.05.

A break and close above the moving averages will be the first indication that the correction may be over.

ETH / USDT

Ether plummeted and closed below $3,000 a settembre. 20, which completed the bearish head and shoulders pattern. Generalmente, the breakdown from the neckline is retested and that is what is happening today.

Grafico giornaliero ETH / USDT. fonte: TradingView

The moving averages have completed a bearish crossover and the RSI is in the negative zone, indicating advantage to bears. Se il prezzo scende dal livello attuale, the bears will attempt to resume the down move toward the pattern target at $1,972.12.

al contrario, if bulls sustain the price above $3,000, it will indicate accumulation on dips. The ETH/USDT pair could then rally to the 20-day EMA ($3,303), which may again act as a stiff resistance. A breakout and close above this level could signal that bulls are back in the game.

ADA / USDT

Cardano (C'È) is in a strong corrective phase but the bulls are attempting to arrest the decline at the strong support at $1.94 where they are likely to run into a wall at the 20-day EMA ($2.38).

Grafico giornaliero ADA / USDT. fonte: TradingView

The moving averages are close to completing a bearish crossover and the RSI is in the negative territory, suggerendo che gli orsi abbiano il sopravvento. Se il prezzo scende dall'EMA a 20 giorni, the bears may again challenge the $1.94 supporto.

A break and close below this level could open the doors for a further fall to $1.60. The bulls will have to push and sustain the price above the 20-day EMA to indicate the start of a sustained recovery. The ADA/USDT pair could then rise to $2.60 e poi a $2.80.

BNB / USDT

Binance Coin (BNB) broke below the Sept. 7 basso a $369 a settembre. 20 and reached the strong support at $340 a settembre. 21. The bulls are currently attempting to defend this level.

Grafico giornaliero BNB / USDT. fonte: TradingView

The moving averages have completed a bearish crossover and the RSI is below 41, indicating that bears are at an advantage. Any pullback is likely to be met with strong selling near the 20-day EMA ($410).

If bears sink the price below $340, the BNB/USDT pair could drop to the psychological support at $300 e poi a $250. This negative view will be negated if bulls propel and sustain the price above the overhead resistance at $433.

XRP / USDT

XRP plunged and closed below the Sept. 7 intraday basso a $0.95 a settembre. 20, suggesting that supply exceeds demand. The moving averages have completed a bearish crossover and the RSI is in the negative zone, indicating that bears have the upper hand.

Grafico giornaliero XRP / USDT. fonte: TradingView

The current relief rally is likely to hit a hurdle at the 20-day EMA ($1.06). Se il prezzo scende da questa resistenza, it will indicate that traders continue to sell on rallies. The bears will then attempt to resume the down move.

Se il prezzo scende al di sotto $0.85, the XRP/USDT pair could drop to the next support at $0.75. The bulls will have to push and sustain the price above the overhead resistance zone at $1.07 per $1.13 to indicate strength.

SOL / USDT

Solana (SOL) broke and closed below the 20-day EMA ($144) a settembre. 20, which is the first sign that the bullish momentum may be weakening. The bulls attempted to push the price back above the 20-day EMA on Sept. 21 ma fallito, indicating that bears are attempting a comeback.

Grafico giornaliero SOL / USDT. fonte: TradingView

The SOL/USDT pair rebounded off the 61.8% Livello di ritracciamento di Fibonacci a $123.42 and has reached the 20-day EMA.

If bulls push the price above the 20-day EMA and the downtrend line, la coppia potrebbe salire a $171.47. This level may again act as a resistance but a break above it could result in a move to $200 e poi a $216.

Anzi, if the price turns down from the current level or the downtrend line, it will suggest selling at higher levels. Gli orsi cercheranno quindi di abbassare il prezzo al di sotto $123.42 and extend the decline to the 50-day simple moving average ($104).

DOT / USDT

A pois (PUNTO) ha rotto al di sotto della SMA a 50 giorni ($27.71) a settembre. 21 but bulls bought the dip aggressively and have reclaimed the level today. That seems to have trapped the bears, resulting in a short squeeze.

Grafico giornaliero DOT / USDT. fonte: TradingView

The DOT/USDT pair has reached the 20-day EMA ($31.42) which is an important level to watch out for. If buyers drive the price above this resistance, la coppia potrebbe salire a $35 and then retest $38.77.

al contrario, se il prezzo scende dall'EMA a 20 giorni, suggerirà che i commercianti stanno vendendo sui rally. The bears will then make one more attempt to pull the price to the Sept. 7 intraday basso a $22.66.

Relazionato: Bitcoin bounces again after briefly losing $40K support — Watch these BTC price levels

DOGE / USDT

Dogecoin (DOGE) broke and closed below the $0.21 support on Sept. 20 but the bears could not crack the next support at $0.19. This suggests demand at lower levels.

Grafico giornaliero DOGE / USDT. fonte: TradingView

The bulls are attempting to sustain the price above $0.21 oggi. Se succede, the DOGE/USDT pair could rise to the 20-day EMA ($0.24). The bears are likely to defend this level aggressively.

Se il prezzo scende dall'EMA a 20 giorni, the bears will make one more attempt to sink the price below the $0.21 per $0.19 zona di supporto. Se riescono a farlo, the pair could drop to the critical support at $0.15.

The bulls will have to push and sustain the price above the downtrend line to indicate that the correction could be over.

AVAX / USDT

Valanga (AVAX) has bounced back sharply from the 20-day EMA ($56.34) oggi, suggesting that the sentiment remains positive and traders are buying on dips.

Grafico giornaliero AVAX / USDT. fonte: TradingView

The buyers have pushed the price above the overhead resistance at $66.24, increasing the possibility of a retest of the all-time high at $76.27. A breakout and close above this resistance will signal the resumption of the uptrend.

Contrariamente a questa ipotesi, if the price turns down from the current level or the overhead resistance, it will indicate that higher levels are attracting profit-booking. The bears will then make one more attempt to sink the price below the 20-day EMA.

Se ci riescono, the AVAX/USDT pair could start a deeper correction to $48 e poi alla SMA a 50 giorni ($40.49).

UNI / USDT

Uniswap (UNI) broke and closed below the Sept. 7 intraday basso a $21, suggesting that traders are rushing to the exit. The price is presently correcting inside a descending channel pattern.

Grafico giornaliero UNI / USDT. fonte: TradingView

L'EMA a 20 giorni ($24.10) is sloping down and the RSI is below 41, indicating that bears have the upper hand. Any rebound from the current level is likely to face stiff resistance at the 20-day EMA.

Se il prezzo scende da questa resistenza, the UNI/USDT pair could drop to the support line of the channel. Una pausa sotto $18 could open the doors for a possible decline to $13.

This negative view will invalidate if the price breaks and closes above the descending channel. The pair could then gradually move up to $27.62.

Le opinioni e le opinioni qui espresse sono esclusivamente quelle dell'autore e non riflettono necessariamente le opinioni di Cointelegraph. Ogni mossa di investimento e trading comporta dei rischi. Dovresti condurre le tue ricerche quando prendi una decisione.

I dati di mercato sono forniti da HitBTC scambio.