Positive news about China’s Evergrande meltdown and the Fed’s intent to continue its current monetary policy catalyzed a strong recovery in the price of Bitcoin and altcoins.
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.
加密恐惧 & Greed Index had plunged to 21 等级, indicating extreme fear among investors. 然而, while speaking on CNBC, Galaxy Digital CEO Mike Novogratz said that the crypto markets remain in good shape as long as Bitcoin (比特币) sustains above $40,000 和以太 (ETH) stays above $2,800.
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? 让我们研究前 10 名加密货币的图表以找出答案.
BTC / USDT
Bitcoin plunged below the neckline on Sept. 21, which completed the bearish head and shoulders pattern. 然而, a positive was th bulls have pushed the price back above the neckline today. This suggests strong buying at lower levels.
If buyers sustain the price above the neckline, it could trap several aggressive bears, 导致短暂的挤压. The BTC/USDT pair could then rally to the 20-day exponential moving average ($46,038) 熊可能会带来严峻的挑战.
The moving averages have completed a bearish crossover and the relative strength index (相对强弱指数) 在负区, indicating that bears are in command.
If the price fails to sustain above the neckline, the bears will attempt to resume the downtrend. 不利的第一支撑是 $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 九月. 20, which completed the bearish head and shoulders pattern. 通常, the breakdown from the neckline is retested and that is what is happening today.
The moving averages have completed a bearish crossover and the RSI is in the negative zone, indicating advantage to bears. 如果价格从当前水平下跌, the bears will attempt to resume the down move toward the pattern target at $1,972.12.
反过来, 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), 这可能再次充当顽固的阻力. A breakout and close above this level could signal that bulls are back in the game.
ADA / USDT
卡尔达诺 (有) 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).
The moving averages are close to completing a bearish crossover and the RSI is in the negative territory, 暗示熊占了上风. 如果价格从20天均线下跌, the bears may again challenge the $1.94 支持.
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 后来到 $2.80.
BNB / USDT
币安币 (BNB) broke below the Sept. 7 低在 $369 九月. 20 and reached the strong support at $340 九月. 21. The bulls are currently attempting to defend this level.
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 然后到 $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 low at $0.95 九月. 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.
The current relief rally is likely to hit a hurdle at the 20-day EMA ($1.06). 如果价格从这个阻力位下跌, it will indicate that traders continue to sell on rallies. The bears will then attempt to resume the down move.
如果价格跌破 $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 至 $1.13 to indicate strength.
SOL / USDT
索拉纳 (溶胶) broke and closed below the 20-day EMA ($144) 九月. 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 但失败了, indicating that bears are attempting a comeback.
The SOL/USDT pair rebounded off the 61.8% 斐波那契回撤水平位于 $123.42 and has reached the 20-day EMA.
If bulls push the price above the 20-day EMA and the downtrend line, 这对可能上升到 $171.47. This level may again act as a resistance but a break above it could result in a move to $200 然后到 $216.
反之, if the price turns down from the current level or the downtrend line, it will suggest selling at higher levels. 空头将试图将价格跌至下方 $123.42 and extend the decline to the 50-day simple moving average ($104).
波尔卡圆点 (点) 跌破50日均线 ($27.71) 九月. 21 but bulls bought the dip aggressively and have reclaimed the level today. That seems to have trapped the bears, 导致短暂的挤压.
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, 这对可能上升到 $35 and then retest $38.77.
反过来, 如果价格从20天均线下跌, 这将表明交易者正在逢高卖出. The bears will then make one more attempt to pull the price to the Sept. 7 intraday low at $22.66.
有关: Bitcoin bounces again after briefly losing $40K support — Watch these BTC price levels
DOGE / USDT
狗狗币 (狗狗) 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.
The bulls are attempting to sustain the price above $0.21 今天. 如果发生这种情况, the DOGE/USDT pair could rise to the 20-day EMA ($0.24). 空头可能会积极捍卫这一水平.
如果价格从20天均线下跌, the bears will make one more attempt to sink the price below the $0.21 至 $0.19 支撑区. 如果他们能够做到这一点, 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
雪崩 (阿瓦克斯) has bounced back sharply from the 20-day EMA ($56.34) 今天, suggesting that the sentiment remains positive and traders are buying on dips.
买家已将价格推高至上方阻力位 $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.
与此假设相反, 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.
如果他们成功, the AVAX/USDT pair could start a deeper correction to $48 and then to the 50-day SMA ($40.49).
UNI / USDT
Uniswap (UNI) broke and closed below the Sept. 7 intraday low at $21, suggesting that traders are rushing to the exit. The price is presently correcting inside a descending channel pattern.
20天EMA ($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.
如果价格从这个阻力位下跌, the UNI/USDT pair could drop to the support line of the channel. 休息一下 $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.
这里表达的观点和观点仅是作者的观点，不一定反映Cointelegraph的观点。. 每笔投资和交易动作都涉及风险. 您在做出决定时应该进行自己的研究.
市场数据由 HitBTC 交换.