Analysts expect the U.S. economy to stage a strong recovery in the second half of this year as coronavirus vaccines are distributed and economic activity begins to increase. As growth picks up, inflation concerns are also on the rise. Speculation is rife that the U.S. Federal Reserve may have to adjust its dovish stance to hold down interest rates.
In anticipation, the 10-year U.S. Treasury yield has jumped from about 1% at the start of the year to 1.626%. This has resulted in profit-booking in assets considered as risky and as equities pullback, a temporary pause may be put on Bitcoin’s (BTC) ラリー.
The drop in investor sentiment has also hurt the stock prices of MicroStrategy and Tesla who have each invested in Bitcoin recently. MicroStrategy’s stock price has plunged by over 50% from its all-time high at $1,315, even though the price of Bitcoin is currently only down about 20% from its all-time high.
テスラ, which had announced a $1.5 billion Bitcoin position on Feb. 8 has also seen its stock price plummet by over 34%. To stem the decline, longtime Tesla analyst Gary Black has suggested the electric car maker dump its Bitcoin holdings and instead use the proceeds for a stock buyback.
Let’s analyze the charts of the top-10 cryptocurrencies to spot the critical support levels where buyers may step in and arrest the current decline.
BTC / USD
Bitcoin turned down from the $52,040.95 3月の頭上抵抗 04, which suggests that traders are lightening up their positions at higher levels. The selling has continued and the price has dipped below the 20-day exponential moving average ($48,087).
If the bears can sustain the price below the 20-day EMA, the BTC/USD pair could now drop to the critical support at $41,959.63 where buyers are likely to step in.
価格がこのサポートから跳ね返った場合, the pair could trade between $41,959.63 そして $52,040.95 あと数日.
フラットな20日間のEMAと相対力指数 (RSI) near the midpoint also suggest a few days of range-bound action.
この仮定に反して, if the price turns up from the current levels and rises above $52,040.95, it will open the doors for a rally to the all-time high.
一方, クマが沈み、以下の価格を維持する場合 $41,959.63, ペアはに落ちる可能性があります $37,000 そして $28,050.
ETH / USD
エーテルの (ETH) relief rally from $1,289.09 2月に. 28 hit a wall at the 20-day EMA ($1,593) 行進に 3. The moving averages are on the verge of a bearish crossover and the RSI is in the negative zone, indicating a possible change in trend.
If bears sink the price below $1,289, the selling could intensify and the ETH/USD pair could drop to the 50% フィボナッチリトレースメントレベル $1,220 そして次に 61.8% フィボナッチリトレースメントレベル $1,026.
Another possibility is that the pair rebounds off $1,289 and stays range-bound for a few more days. ブレイクアウトと上を閉じる $1,670 could result in a retest of the all-time high at $2,040.
ADA / USD
The bulls are currently attempting to arrest the pullback at the 20-day EMA ($1.07). This suggests that the sentiment remains positive and the bulls are viewing the dips in Cardano (有る) as a buying opportunity.
買い手は今、価格を上に押し上げようとします $1.23. 彼らが成功した場合, the ADA/USD pair may rally to $1.35 and then to the all-time high at $1.4852896.
しかしながら, クマは簡単に諦めそうにない. The negative divergence on the RSI shows that the momentum is weakening.
If the current rebound fails to sustain, the bears will once again try to sink the price below the 20-day EMA. 彼らがそれをなんとかすることができれば, ペアはに落ちる可能性があります $0.80 そして50日間の単純移動平均に ($0.72).
BNB / USD
The relief rally in Binance Coin (BNB) turned down from the overhead resistance at $265 行進に 2. This suggests that traders may be using the rallies to close their long positions. The price has again dropped to the 20-day EMA ($211).
If the price rebounds off the 20-day EMA with strength, the bulls will once again try to drive the price above $265. 彼らがそれをなんとかすることができれば, the BNB/USD pair could start its journey to the all-time high at $348.6969.
But the 20-day EMA is gradually flattening out and the RSI continues to weaken. This points to possible range-bound action in the short term. The pair could consolidate between $189 そして $265 数日間.
A break and close below the $189 support could result in panic selling that can pull the price down to the 50-day SMA ($126).
DOT / USD
水玉模様 (ドット) turned down from $38.68 行進に 3, which suggests that traders may have booked profits during the relief rally. The altcoin has dropped to the 20-day EMA ($32.49) and the buyers are now attempting to defend this support.
A strong bounce off the current levels will suggest that the sentiment remains bullish and traders are buying on dips. ブルズが価格を下降トレンドラインより上に押し上げることができる場合, DOT / USDペアは史上最高値で再テストする可能性があります $42.2848.
それどころか, if the price breaks and sustains below the 20-day EMA, it will suggest that the supply has exceeded demand. このような場合には, the pair may extend its decline to the 50-day SMA ($24.89).
XRP / USD
XRP broke above the 20-day EMA ($0.467) 行進に 4, but the bulls could not maintain the momentum and thrust the price above the $0.50 オーバーヘッド抵抗. This attracted profit booking and the price has broken below the 20-day EMA today.
The XRP/USD pair could now drop to the 50-day SMA ($0.42) そして $0.359. The flat 20-day EMA and the RSI just below the midpoint suggest a range-bound action for the next few days. The price may remain stuck between $0.359 そして $0.50.
A trending move could start if the bulls push the price above $0.50. That could result in a rally to $0.65. 一方, 下の休憩 $0.359 may sink the price to $0.25.
UNI / USD
ユニスワップ (UNI) is in an uptrend and the bulls have been buying the dip to the 20-day EMA ($24.05). The bulls tried to push and sustain the price above $29 行進に 4 but the higher levels attracted profit-booking.
The bears will now try to pull the price down to the 20-day EMA. If the UNI/USD pair again rebounds off this support, トレーダーがディップを購入し続けることを示唆します. The bulls will then try to push and close the price above $29. 彼らが成功した場合, ペアは、到達する可能性のある上昇トレンドの次のレグを開始する可能性があります $38.
逆に, クマが20日EMAを下回る価格を下落した場合, ペアはに落ちる可能性があります $20. Such a move may result in a consolidation between $20 そして $29. The trend will turn negative on a break below the 50-day SMA ($18.85).
LTC / USD
ライトコイン (LTC) 上で壊れて閉じた $185.58 resistance on March 3, but the bulls could not build upon this strength as the price turned down and dipped back below the 20-day EMA ($184.43) 行進に 4.
The bulls are currently attempting to defend the 50-day SMA ($169.29) 今日のろうそく足のロングテールから見た. If the rebound sustains, the bulls will again try to push the price above the $185.58 に $196.30 オーバーヘッド抵抗ゾーン. 彼らが成功した場合, LTC / USDペアは $205 そして $240.
しかしながら, the flat moving averages and the RSI just below the midpoint suggest a possible range formation. The pair could trade between $152 on the downside and $205 on the upside. A break above or below the range could start the next trending move.
LINK / USD
チェーンリンクの (リンク) relief rally turned down from $31.43 行進に 3, which shows that traders are booking profits at higher levels. The altcoin has dipped to the 50-day SMA ($26.29) but the long tail on today’s candlestick suggests the bulls are trying to defend this support.
Buying on dips and selling rallies usually results in a range-bound action. The flat 20-day EMA and the RSI near the midpoint also suggest a balance between supply and demand. The LINK/USD pair could now consolidate between $24 そして $32 数日間.
A breakout of the range may result in a rally to $34 and a retest of the all-time high at $36.93. 逆に, 下の休憩 $24 could pull the price down to the critical support at $20.11.
BCH / USD
The bounce from the uptrend line stalled at the 20-day EMA ($537) 行進に 3, which shows the traders are selling on rallies. ビットコインキャッシュ (BCH) has again dipped to the uptrend line. The repeated retest of the support at short intervals tends to weaken it.
The downsloping 20-day EMA and the RSI in the negative territory suggest that bears are in control. A break below the uptrend line could sink the BCH/USD pair to $432.02 そして、での重要なサポートに $370.
This negative view will invalidate if the price rises from the current levels and rises above $539. Such a move will suggest aggressive buying at lower levels. The pair could then rally to $631.71.
ここに記載されている見解や意見は著者のものであり、必ずしもコインテレグラフの見解を反映しているわけではありません。. すべての投資と取引の動きにはリスクが伴います. 決定を下すときは、独自の調査を行う必要があります.
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