Bitcoin’s consolidation near $50,000 reflects a steady market and this could attract buyers to altcoins like ADA, 루나, VET and XTZ.
8월에. 27, 우리. 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, 미국. 달러 지수 (DXY) fell, S&피 500 index rose to a new all-time high, 및 비트 코인 (BTC) surged about $1,500 한 시간 안에. 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? Let’s study the charts of the top-5 cryptocurrencies that may outperform in the next few days.
BTC / USDT
Bitcoin bounced off the 20-day exponential moving average ($46,823) 8 월. 27 but the bulls have not been able to push the price above the overhead resistance zone at $50,000 ...에 $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 그리고 $42,451.67.
가격이이 지원에서 반등하면, the BTC/USDT pair may remain range-bound between $42,451.67 과 $50,500 며칠 더.
대안으로, 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. 그들이 그렇게 할 수 있다면, 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 과 $49,500 몇 시간 동안.
If bulls drive the price above $49,500, the pair may challenge the $50,500 저항. A breakout and close above this level could signal the start of the next leg of the uptrend. 반대로, if bears sink the price below $46,200, 쌍이 떨어질 수 있습니다 $44,000.
ADA / USDT
카르 다노 (있습니다) 현재 $2.97 과 $2.47. The price had dropped to the breakout level at $2.47 8 월. 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. 두 이동 평균이 모두 경사지고 RSI가 과매 수 영역 근처에 있습니다., 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. 다음 상승 목표는 $3.50.
이 가정과는 반대로, if the price turns down from the $2.97 ...에 $3 저항 영역, 쌍은 며칠 동안 범위 내에서 머무를 수 있습니다.. 휴식 및 종료 아래 $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, 쌍이 떨어질 수 있습니다 $2.47.
A strong bounce off this support could keep the pair range-bound between $2.47 과 $2.97 몇 시간 동안. The bears will have to sink the price below the $2.47 ...에 $2.31 support zone to gain the upper hand. 대안으로, 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) 8 월. 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.
하나, the long wick on today’s candlestick suggests that bears are defending the overhead resistance aggressively. If bears pull the price below $32, 쌍은 20 일 EMA로 떨어질 수 있습니다.
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.
가격이 20-EMA에서 반등하는 경우, 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. 이 설정의 패턴 대상은 $46.95.
대안으로, if the price breaks below the moving averages, 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 ...에 $20.81 지원 구역.
VET / USDT
After the sharp recovery from its recent lows at $0.05 칠월 21, VeChain (수의사) has formed a pennant. This setup will complete after the price breaks above or below the formation.
20 일 EMA ($0.11) has flattened out and the RSI has dropped close to the midpoint, 공급과 수요 사이의 균형을 제안. 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 이 수준을 넘어 서면, the VET/USDT pair may rally to $0.19.
거꾸로, 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, 황소 나 곰에게 분명한 이점을주지 않는.
The rebound off the support line is facing stiff resistance at the 50-SMA. 가격이 현재 수준에서 하락하면, the bears will try to sink the pair below the support line. 그들이 성공한다면, 쌍이 떨어질 수 있습니다 $0.082.
반면에, 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.
관련된: 비트코인 주간 전망: 5만 달러 재시험이 금요일 미국 고용 데이터보다 앞서는 이유
XTZ / USD
테 조스 (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.
보통, after the price breaks out of a setup, it retests the breakout level. 이 경우, the XTZ/USDT pair could drop to $4.47. 황소가 이 수준을 지원으로 전환하면, 새로운 상승 추세의 시작을 암시합니다. 상승하는 20 일 EMA ($4.25) and the RSI in the overbought zone indicate advantage to buyers.
이 가정과는 반대로, if the price turns down from the current level and breaks below the 20-day EMA, 공급이 수요를 초과 함을 시사합니다. 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 저항. 두 이동 평균이 모두 경사지고 RSI가 과매 수 영역 근처에 있습니다., indicating that bulls have the upper hand.
The pair could rally to the overhead resistance zone at $6.31 ...에 $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.
여기에 표현 된 견해와 의견은 전적으로 저자의 견해이며 반드시 Cointelegraph의 견해를 반영하는 것은 아닙니다.. 모든 투자 및 거래에는 위험이 수반됩니다, 결정을 내릴 때 스스로 조사해야합니다..
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