China has attempted to stifle the crypto sector’s growth on several occasions in the past 12 years but barring a minor blip, the blanket bans on crypto-commerce have not altered the long-term growth of cryptocurrencies. This shows that no one country, even if it is the second-largest economy in the world, can halt the emergence and growth of cryptocurrencies.

Deutsche Bank analyst Marion Laboure said in an update on the bank’s website that Bitcoin (比特币) is likely to “remain ultra-volatile in the foreseeable future” as most people buy it either for investment or for speculation rather than using it as a medium of exchange.

然而, Laboure believes that Bitcoin could become “the 21st century’s digital gold” and the trend could continue for centuries with no major control by the government.

加密货币市场数据每日视图. 资源: 硬币360

At Morningstar’s yearly investment conference, Dennis Lynch, the head of asset management at Counterpoint, likened Bitcoin to the South Park cartoon character Kenny. Lynch said: “I like to say that bitcoin’s kind of like Kenny from South Park — he dies every episode, and is back again.”

As the effect of the China FUD diminishes, let’s study the charts of the top-5 cryptocurrencies that may remain strong in the short term.

BTC / USDT

Bitcoin has once again bounced off the 100-day simple moving average ($41,002), suggesting that bulls are attempting to defend this level aggressively. The bulls will now try to push the price above the 20-day exponential moving average ($45,178).

BTC / USDT日线图. 资源: 交易视图

The downsloping 20-day EMA and the relative strength index (相对强弱指数) in the negative zone suggest that bears have the upper hand. 如果价格从20天均线下跌, the possibility of a break below the 100-day SMA will increase.

Such a move will complete the bearish head and shoulders pattern, 的目标是 $32,423.05.

The bulls will have to push and sustain the price above the overhead resistance at $48,843 to open the doors for a possible rally to $52,920. A break and close above this level could signal the resumption of the uptrend.

BTC / USDT 4小时图. 资源: 交易视图

The BTC/USDT pair is witnessing a tough tussle between the bulls and the bears near the neckline. The bulls have pushed the price above the 20-EMA and will next try to clear the overhead hurdle at $45,200.

如果他们能把它拉下来, the pair could climb to $49,000. 反过来, 如果价格从当前水平下跌, the bears will try to pull the price below the critical support zone at $41,000 至 $39,600. A violation of this zone may indicate the start of a downtrend.

AVAX / USDT

雪崩 (阿瓦克斯) is trading inside an ascending channel pattern. The long tail on today’s candlestick suggests that bulls are aggressively buying on dips to the 20-day EMA ($61).

AVAX/USDT日线图. 资源: 交易视图

The rising moving averages and the RSI in the positive zone indicate advantage to buyers. The AVAX/USDT pair could now try to retest the all-time high at $79.80. This is an important level to watch out for because a break above it could signal the resumption of the uptrend.

The pair could then rally to the resistance line of the channel and the bullish momentum may pick up if this hurdle is crossed.

反过来, if the price turns down from the current level or the overhead resistance and breaks below $60.04, it will suggest the start of a deeper correction to the 50-day SMA ($45).

AVAX/USDT 4小时图. 资源: 交易视图

The pair has bounced off the 100-SMA and the bulls are attempting to sustain the price above the 20-EMA. 如果他们能够做到这一点, the pair could start its northward march to $79.80 熊可能会再次承受强大的阻力.

不利的一面, the critical level to watch is the support line of the channel. A break and close below this support will be the first indication that the bulls may be losing their grip. 如果价格跌破 $60.04, 下降可能扩大到 $55.

ALGO/USDT

阿尔戈兰德 (某物) is trading below the 20-day EMA ($1.77) but the long tail on today’s candlestick suggests that bulls are attempting to defend the support at $1.51.

ALGO/USDT daily chart. 资源: 交易视图

If bulls drive and sustain the price above the downtrend line, it will suggest that the short-term correction could be over. The ALGO/USDT pair could then rise to $2.15 然后到 $2.55.

或者, 如果价格从 $1.84, 该对可能再次下降到 $1.51. If the bulls defend this support, 该货币对可能保持区间波动 $1.84 和 $1.51 几天.

休息一下并在下方收盘 $1.51 将预示趋势可能发生变化. The pair could then slide to the next support at $1.15.

ALGO/USDT 4-hour chart. 资源: 交易视图

The pair is trying to rebound off the strong support at $1.51 but the recovery may hit a barrier at the moving averages and then again at the downtrend line.

If the price turns down from the overhead resistance, it will indicate that sentiment remains negative and traders are selling on relief rallies. That will increase the likelihood of a break below $1.51.

This negative view will be negated if the price rises and sustains above the downtrend line. The bulls will then make one more attempt to resume the up-move.

有关: 衍生品数据显示 Solana 已达到短期顶部

XTZ / USDT

特佐斯 (XTZ) rebounded sharply from the breakout level at $4.47 on Sept.22, indicating aggressive buying on dips. The bulls pushed the price back above the 20-day EMA ($6.10) 九月. 23 and have held the level since then.

XTZ / USDT每日图表. 资源: 交易视图

移动平均线倾斜并且RSI处于正区域, suggesting that bulls have the upper hand. The buyers are likely to challenge the overhead resistance zone at $8.03 至 $8.42.

A breakout and close above this zone will signal the start of the next leg of the uptrend. The pair could then rally to the psychological mark at $10.

与此假设相反, 如果价格从当前水平或上方阻力下降并跌破 20 天均线, 这对可能下降到 $4.47.

XTZ / USDT 4小时图. 资源: 交易视图

The pair is attempting to rebound off the 20-EMA, indicating that sentiment has turned positive and traders are buying on dips. The bulls will now try to push the price to the overhead resistance at $7.50.

If this level is scaled, 这对可能会反弹 $8.03 熊很可能会承受强大的阻力. If bulls do not give up much ground from this resistance, the possibility of a break above it will increase.

如果价格下跌并跌破移动均线,这种看涨观点将失效。. Such a move could result in a drop to $5.50 接着 $4.47.

EGLD/USDT

埃隆德 (EGLD) bounced off the 50-day SMA ($181) but could not clear the overhead hurdle at $245.80. This suggests that bulls are buying on dips while bears are selling on rallies.

EGLD/USDT daily chart. 资源: 交易视图

20天EMA ($220) has flattened out and the RSI is just above the midpoint, 表明供需平衡.

The buyers are attempting to sustain the EGLD/USDT pair above the 20-day EMA. 如果他们能够做到这一点, the bulls will again try to push the pair above $245.80. 如果他们能够做到这一点, 这对可能会反弹 $303.03.

反之, if bears pull the price down from the current level, a retest of the 50-day SMA is possible. A break and close below this support could open the doors for a further decline to the 100-day SMA ($132).

EGLD/USDT 4-hour chart. 资源: 交易视图

The pair has bounced off the uptrend line, which suggests that traders are buying on dips. The bulls will now try to propel and sustain the price above the downtrend line. 如果他们成功, the pair may resume its up-move and rally to $277.88 然后到 $303.03.

与此假设相反, 如果价格从下降趋势线下跌, the bears will try to gain an advantage by pulling the price below the uptrend line. Such a move could clear the path for a deeper correction.

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.