비트 코인 (BTC) price has been correcting in the past few days and traders are curious to know whether this is a minor pullback or the start of a deeper decline. The problem is that no one has a crystal ball and analysts can only point to critical support levels that may hold based on historical data and evidence.
하나, in a bear phase, the price tends to slip below key support levels as traders panic and sell out of fear, similar to how the price exceeds the upside targets during a bull run as traders buy due to FOMO.
March has historically been a weak month for Bitcoin, which suggests seasonal traders may prefer to wait and watch rather than jump to buy on dips. This lack of demand may be one of the reasons for the Grayscale Bitcoin Trust premium dipping into the negative over the past week.
하나, not all the data is bearish. 2 월. 26, Moskovski Capital CEO Lex Moskovski pointed out that Bitcoin miners positions turned positive on Feb. 26 for the first time since Dec. 27. 이것에 추가, CryptoQuant CEO Ki Young Ju said the large Coinbase outflows in the past few days suggest that institutions are still accumulating at lower levels.
This data seems to be inconclusive and does not provide an immediate picture of whether the advantage is with the bulls or the bears. Let’s study the charts of the top-5 cryptocurrencies that may outperform in the next few days.
BTC / USD
Bitcoin has broken below the 20-day exponential moving average ($47,441), which is the first indication of the start of a deeper correction. The next critical support is the 50-day simple moving average at $41,066. The price has not closed below this support since Oct. 9, hence the level assumes significance.
The bulls are likely to defend the 50-day SMA aggressively. If the price rebounds off this support and rises above the 20-day EMA, it will suggest the sentiment remains bullish and traders are buying on dips.
하나, the flat moving averages and the relative strength index (RSI) just below the midpoint suggest the bulls are losing their grip.
If the bears sink the price below the 50-day SMA, it will indicate that supply exceeds demand and traders are booking profits in a hurry. Such a move could pull the price down to the Feb. 8 intraday low of $38,000.
A break below this support will be a huge negative as the next support is at $32,000 그리고 $28,850.
The downsloping 20-EMA and the RSI in the negative zone suggest that bears are in control. The price is now approaching the critical support at $41,959.63.
가격이이 지원에서 반등하면, the bulls will try to push the price above the 20-EMA. 그들이 성공한다면, it will suggest that bulls are accumulating the dips aggressively. The BTC/USD pair may then rise to the 50-SMA and then $52,000.
거꾸로, if the $41,959.63 support breaks and the bears flip it to resistance, then a deeper correction is likely.
BNB / USD
바이 낸스 코인 (BNB) has been in a corrective phase since Feb. 20, which shows that traders are booking profits after the sharp up-move on Feb. 19. 하나, the pace of the fall has been gradual since Feb. 25, indicating that traders are not panicking.
The price has currently dropped to the 20-day EMA ($194) where the buyers may step in. If the price rebounds off this support and breaks above the downtrend line, the BNB/USD pair may again attract buying from short-term traders. That could push the price to $280 그리고 $300.
The 20-day EMA has flattened out and the RSI is just above the midpoint, 공급과 수요 사이의 균형을 나타냄. 하나, 하락세가 20 일 EMA 아래로 가격을 유지한다면, 공급이 수요를 초과 함을 시사합니다, The pair could then correct to $167.3691 그리고 $118.
The 4-hour chart shows the formation of a descending triangle pattern that will complete on a breakdown and close below $189. 그럴 경우, it will suggest that the top is in place and the pair could then drop to $118.
거꾸로, if the bulls defend the support at $189, it will suggest that the sentiment remains positive as the bulls are buying on dips to strong support levels. A breakout and close above the downtrend line will invalidate the bearish setup and that may result in a rally to $280.
DOT / USD
폴카 닷 (점) is correcting in an uptrend. 2 월의 긴 꼬리. 23 및 2 월. 26 candlestick suggests that the bulls are attempting to defend the 20-day EMA ($30.49). 하나, the long wick on the rebound on Feb. 27 shows that demand dries up at higher levels.
The 20-day EMA is flattening out and the RSI is dropping towards the center, which suggests the bullish momentum is weakening. 하나, during the recent bull run, the DOT/USD pair has repeatedly taken support at the 20-day EMA.
If the price again rebounds off the 20-day EMA and the bulls push the price above $35.6618, 쌍은 역대 최고를 다시 테스트 할 수 있습니다 $42.2848. 이 저항을 넘어 서면 랠리로 이어질 수 있습니다. $50.
This bullish view will invalidate if the bears sink the price below the 20-day EMA and the 61.8% 피보나치 되돌림 수준 $25.7817. 그럴 경우, the pair may drop to the 50-day SMA ($22.33).
The 4-hour chart shows the price is currently trading inside a symmetrical triangle. If the bears can sink the price below the support line of the triangle, 쌍은 떨어질 수 있습니다 $25.7817 그런 다음 패턴 대상에 $18.70.
The downsloping 20-EMA and the RSI in the negative territory suggest a minor advantage to the bears in the short term. But if the price rebounds off the current level, the bulls will try to push the price above the triangle. 그들이 성공한다면, 쌍은 상승 할 수 있습니다 $42.2848.
The bulls defended the 20-day EMA ($0.475) 2 월. 26, which shows that the sentiment remains positive and traders are buying on dips. The bulls are currently attempting to resume the uptrend in NEM (보다).
상향 이동 평균과 위의 RSI 63 저항이 가장 적은 경로가 상승 방향이라고 제안. 황소가 위의 가격을 몰 수 있다면 $0.5051, the XEM/USD pair could rally to $0.7637. A breakout of this resistance could open the doors for an up-move to $0.9607.
이 가정과는 반대로, 가격이 하락하면 $0.5051, 쌍은 다음 추세 움직임을 시작하기 전에 며칠 동안 통합 될 수 있습니다.. A break and close below the 20-day EMA will suggest the start of a deeper correction.
The 4-hour chart shows the price is stuck between $0.439 과 $0.63 지난 며칠 동안. Both moving averages are sloping up marginally and the RSI is just above the midpoint, which suggests a minor advantage to the bulls.
황소가 위의 가격을 추진할 수 있다면 $0.63, 쌍은 집회 할 수 있습니다 $0.763 그리고 $0.821. 반대로, if the price breaks below the moving averages, 쌍은 $0.439 지원하다. 이 지지대도 깨지면, the correction may extend to $0.346 그리고 $0.277.
MIOTA has been in a corrective phase since topping out at $1.554775 2 월. 19. While the pullback has been sharp, the positive sign is that the bulls have been successfully defending the 20-day EMA ($1.09) 지난 며칠 동안.
The 20-day EMA has flattened out and the RSI is also trading just above the midpoint, 공급과 수요 사이의 균형을 나타냄. Attempts by the bulls and the bears to assert their supremacy have failed in the past few days.
This equilibrium may tilt in favor of the bulls if they can push and sustain the price above the overhead resistance at $1.30. In such a case, the MIOTA/USD pair may rally to $1.554775.
반면에, 곰이 가격을 아래로 내리면 $0.90, a fall to the 50-day SMA ($0.74) 가능하다.
4 시간 차트는 대칭 삼각형의 형성을 보여줍니다., which generally acts as a continuation pattern. Both moving averages are gradually turning down and the RSI is in the negative territory, 곰에게 이점을 표시.
The pair has broken below the support line of the triangle but the bulls are attempting to arrest the decline and push the price back into the triangle. 그들이 성공한다면, it will suggest buying at lower levels. The bulls will gain the upper hand after the pair sustains above the triangle.
하나, if the price turns down from the current levels, it may signal the start of a deeper correction.
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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