Bitcoin (BTC) và Ether (ETH) are attempting to bounce off their critical support levels as bulls try to thwart attempts by the bears to deepen the correction.

Tesla CEO Elon Musk said at the Code Conference in California recently that governments cannot “destroy crypto,” due to its decentralized nature but can “slow down its advancement.”

Data shows that whales have been moving record amounts of Bitcoin in the past two weeks. The total transfer volume of transactions worth $10 million and higher have surpassed levels seen when Bitcoin’s price was near $60,000.

According to on-chain analytics resource Material Indicators, “smaller” whales sold and mega whales added to their holdings.

Hiệu suất thị trường tiền điện tử hàng ngày. Nguồn: Coin360

Bobby Lee, the former CEO of BTCC exchange, said in an interview with Bloomberg on Sept. 29 that Bitcoin’s rally is expected to begin in 2021, which will not only push the price to an all-time high but also clear the psychological mark at $100,000 and possibly reach $200,000.

Are Bitcoin and altcoins getting ready for a relief rally or will bears pull the price below the respective support levels? Hãy cùng phân tích các biểu đồ của 10 loại tiền điện tử hàng đầu để tìm hiểu.

BTC / USDT

Bitcoin continues to trade between the 100-day simple moving average ($41,221) and the 20-day exponential moving average ($44,229). The price has rebounded off the 100-day SMA today, indicating that bulls continue to defend this support aggressively.

Biểu đồ hàng ngày BTC / USDT. Nguồn: TradingView

The 20-day EMA is sloping down and the relative strength index (RSI) is in the negative zone, indicating that the sentiment remains negative and bears may sell on rallies. Nếu giá giảm so với đường EMA 20 ngày, the tight range action may continue for a few more days.

A break and close below the 100-day SMA could result in panic selling and pull the price down to $37,332.70. If this level also cracks, the BTC/USDT pair could plummet to $30,000.

Ngoài ra, a break and close above the 20-day EMA will be the first sign that the selling pressure could be reducing. The pair may then rise to the 50-day SMA ($46,580), followed by a move to $48,843.20.

ETH / USDT

Ether turned down from the 20-day EMA ($3,118) vào tháng 9. 27 and dropped to the 100-day SMA ($2,771) vào tháng 9. 28. The bulls have once again held the support and are attempting to push the price toward the 20-day EMA.

Biểu đồ hàng ngày ETH / USDT. Nguồn: TradingView

The downsloping 20-day EMA and the RSI in the negative territory suggest that bears remain in control. If the price turns down from the current level or the 20-day EMA, the bears will make one more attempt to break the 100-day SMA support.

Nếu điều đó xảy ra, the ETH/USDT pair could slide to $2,400 and if this support also gives way, sự suy giảm có thể kéo dài đến $1,972.12. The bulls will have to push and sustain the price above $3,174.50 to signal that the correction may be over. The pair could then rise to the 50-day SMA ($3,291) và sau đó đến $3,676.28.

ADA / USDT

Cardano (CÓ) has been trading between the 20-day EMA ($2.27) và $1.94 support for the past few days. The long wick on today’s candlestick suggests that bears are selling on relief rallies.

Biểu đồ hàng ngày ADA / USDT. Nguồn: TradingView

The downsloping 20-day EMA and the RSI below 40 indicate that bears have the upper hand. The sellers may make one more attempt to sink and sustain the price below the zone between $1.94 and the 100-day SMA ($1.87).

If the price slips below this support zone, the selling could pick up momentum and the ADA/USDT pair could decline to $1.60 và sau đó đến $1.40. This negative view will invalidate if bulls drive and sustain the price above $2.47.

BNB / USDT

Binance Coin (BNB) closed below the $340 support on Sept. 27 but the bears could not capitalize on this move and sink the price below $320. This shows that selling dries up at lower levels.

Biểu đồ hàng ngày BNB / USDT. Nguồn: TradingView

The RSI has formed a positive divergence, indicating that the bearish momentum could be weakening. The strong rally today indicates aggressive buying at lower levels and possible short-covering by the bears.

If bulls drive the price above the 20-day EMA ($381), it will suggest that the correction may be over. Sau đó, cặp BNB / USDT có thể tăng lên $433.

Ngược lại, nếu giá lại giảm so với đường EMA 20 ngày, nó sẽ gợi ý rằng các nhà giao dịch đang bán trên các cuộc biểu tình. The bears will then make one more attempt to pull the price below $320.

XRP/USDT

XRP again dropped to the 100-day SMA ($0.88) vào tháng 9. 28. Repeated retests of a support level tend to weaken it but a minor positive sign is that the bulls have successfully defended the level on several occasions in the past few days.

Biểu đồ hàng ngày XRP / USDT. Nguồn: TradingView

The bulls pushed the price to the 20-day EMA ($1.00) today but the long wick on the day’s candlestick suggests that bears are in no mood to relent.

Nếu giá giảm so với mức hiện tại, the bears will make one more attempt to sink and sustain the price below the 100-day SMA. Nếu họ thành công, the XRP/USDT pair could decline to $0.69.

Trái ngược với giả định này, nếu những con bò đực đẩy giá lên trên đường EMA 20 ngày, cặp đôi này có thể phục hồi đến SMA 50 ngày ($1.11).

SOL / USDT

Although Solana (SOL) has broken out of the downtrend line, the bulls are struggling to sustain the price above the 20-day EMA ($141). This suggests that sentiment remains negative and bears are selling on rallies.

Biểu đồ hàng ngày SOL / USDT. Nguồn: TradingView

A break and close above the 20-day EMA will be the first indication that the selling pressure could be reducing. The SOL/USDT pair may then rise to the 38.2% Mức thoái lui Fibonacci tại $154.20 và sau đó đến 50% mức thoái lui tại $166.

Ngoài ra, if the price turns down from the 20-day EMA or the overhead resistance, the bears will try to pull the pair below the 50-day SMA ($118). Nghỉ ngơi và đóng cửa bên dưới $116 could result in panic selling.

DOT / USDT

Polkadot (DOT) is attempting to rebound off the neckline of the developing head and shoulders pattern. This is an important level for the bulls to defend because a break and close below it will complete the bearish setup.

Biểu đồ hàng ngày DOT / USDT. Nguồn: TradingView

The selling could pick up momentum below the neckline, pulling the price to the 100-day SMA ($22.28) and then toward the pattern target at $12.23. Đường EMA 20 ngày đi xuống ($30.12) and the RSI just below the midpoint suggest a slight advantage to bears.

Ngược lại, if bulls thrust the price above the 20-day EMA and the downtrend line, it will indicate that bears may be losing their grip. Sau đó, cặp đôi này có thể tập hợp lại để $33.60 where bears may again pose a stiff challenge. A break and close above this resistance could clear the path for a retest at $38.77.

Có liên quan: VORTECS™ Báo cáo: This key trading algo spotted bullish altcoin setups even as BTC price fell

DOGE / USDT

Dogecoin (DOGE) is sandwiched between $0.19 và $0.21 trong ba ngày qua. This tight-range trading suggests indecision among the bulls and the bears about the next directional move.

Biểu đồ hàng ngày DOGE / USDT. Nguồn: TradingView

The RSI is attempting to form a positive divergence, suggesting that the selling pressure could be reducing. If bulls thrust the price above $0.21, the DOGE/USDT pair could rise to the 20-day EMA ($0.22) một lần nữa có thể hoạt động như một lực cản mạnh mẽ.

A break and close above the 20-day EMA will be the first indication of strength and could open the gates for a possible up-move to the downtrend line.

Ngoài ra, nếu giá giảm so với mức hiện tại hoặc mức kháng cự trên và phá vỡ dưới $0.19, the pair could plummet to $0.15.

AVAX / USDT

The long wick on Avalanche’s (AVAX) Tháng chín. 27 candlestick shows that bears aggressively sold on rallies. The selling continued and bears pulled the price below the support line of the ascending channel on Sept. 28.

Biểu đồ hàng ngày AVAX / USDT. Nguồn: TradingView

Although bulls have pushed the price back into the channel today, the long wick on the day’s candlestick suggests that bears are selling on every minor recovery. EMA 20 ngày ($62.12) has flattened out and the RSI is just above the midpoint, indicating that bulls may be losing their grip.

If the price fails to sustain inside the channel, the AVAX/USDT pair could slide to the next support at $52. Ngược lại, if bulls sustain the price inside the channel, cặp đôi này có thể tăng lên $72 và nếu mức độ này bị vượt qua, kiểm tra lại mức cao nhất mọi thời đại ở $79.80 có khả năng.

UNI / USDT

The bulls pushed Uniswap (UNI) above the downtrend line of the descending channel in the past two days but they could not sustain the higher levels. Tuy nhiên, a minor positive is that bulls have not given up much ground and are again trying to scale the overhead resistance today.

Biểu đồ hàng ngày UNI / USDT. Nguồn: TradingView

The flattish 20-day EMA ($23) and the RSI near the midpoint suggest that bears are losing their grip. If the price sustains above the channel, the UNI/USDT pair could rise to the 50-day SMA ($25.88) và sau đó đến $27.62.

A break and close above $27.62 may result in a retest of the stiff overhead hurdle at $31.41. Ngược lại, nếu giá giảm so với mức hiện tại, it will suggest that bears are aggressively defending the resistance. If the pair slips below $21.84, điểm dừng tiếp theo có thể là $17.73.

Các quan điểm và ý kiến ​​được trình bày ở đây chỉ là của tác giả và không nhất thiết phản ánh quan điểm của Cointelegraph. Mọi động thái đầu tư và giao dịch đều có rủi ro. Bạn nên tiến hành nghiên cứu của riêng mình khi đưa ra quyết định.

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