Bitcoin’s strong recovery to $49,000 has boosted bullish sentiment and it may provide further incentive for LUNA, 原子, XTZ and AXS to rally in the short term.
The sentiment in the crypto markets can change quickly as seen from the Crypto Fear and Greed Index, which has risen from levels of extreme fear on Sept. 30 to neutral today. The sentiment may improve further if Bitcoin (比特币) breaks out and sustains above the psychologically critical level at $50,000.
One important event that may boost short-term sentiment is the U.S. 证券交易委员会的 (美国证券交易委员会) decision on Bitcoin exchange-traded fund (交易所买卖基金) 应用领域. Although the SEC extended the deadline of four Bitcoin ETF applications by 45 days on Oct. 1, Bloomberg’s senior ETF analyst Eric Balchunas is hopeful that a futures-backed Bitcoin ETF may receive the green signal by the middle of October.
Balchunas said the Bitcoin futures-based ETF applications, which have found support from SEC chair Garry Gensler, “are very much alive and likely on schedule (我们认为 75% 机会在 10 月获得批准).”
If bulls build on the recent strength in Bitcoin and clear the hurdle at $50,000, several altcoins may pick up momentum. 让我们研究一下短期内可能跑赢前 5 名的加密货币的图表.
BTC / USDT
Bitcoin broke above the 50-day simple moving average ($46,633) 在十月. 1 but the bears are attempting to stall the recovery near the resistance at $48,843.20. 然而, a positive sign is that bulls have not allowed the price to dip below the 50-day SMA.
20天指数移动平均线 ($45,141) 出现了，相对强度指数 (相对强弱指数) is in the positive territory, 表明对公牛有利. If buyers push the price above $48,843.20, BTC / USDT对可能反弹至 $52,920.
This level may again act as stiff resistance but if bulls bulldoze their way through, the head and shoulders pattern will be invalidated. That could result in a pick-up in momentum and the pair could rise to $60,000.
与此假设相反, 如果价格从当前水平下跌并跌破移动平均线, it will suggest that higher levels are attracting aggressive selling from the bears. The pair may then drop toward $40,000.
Both moving averages on the 4-hour chart are sloping up and the RSI is near the overbought zone, 表明阻力最小的路径是向上. The price has been consolidating in a tight range between $47,000 和 $48,495 一段时间.
If bulls thrust the price above $48,843, the pair could rise to the psychological mark at $50,000 and then challenge the stiff resistance at $52,920.
反过来, 如果价格下跌并跌破20-EMA, it will suggest that short-term traders are booking profits. 然后这对可以下降到 $45,000 and later to the 50-SMA.
Terra protocol’s LUNA token broke above the downtrend line on Oct. 2 and bulls followed it up with a break above the all-time high at $45.01 今天. 然而, the long wick on today’s candlestick suggests that bears are attempting to defend the $45.01 level aggressively.
If the price turns down from the current level but rebounds off the downtrend line, it will suggest that the sentiment remains positive and traders are buying on dips.
The bulls will then make one more attempt to push the price above the $45.01 至 $46.17 resistance zone and start the next leg of the uptrend. The psychological level at $50 may act as a resistance but if it is crossed, the LUNA/USDT pair may rally to $65.
反之, 如果价格下跌并跌破20天均线 ($36.30), the next stop could be the 50-day SMA ($32.97). A break below this support will suggest that the bulls are losing their grip.
Although bulls pushed the price above $45.01, the long wick on the candlestick shows selling at higher levels. The bears are currently attempting to trap the aggressive bulls who may have gone long above $45.01.
The first support on the downside is the 20-EMA. A strong bounce off this support will suggest the sentiment remains positive. The bulls then try to propel the price above $46.17.
或者, a break below the 20-EMA could pull the price down to the 50-SMA. 如果这种支持破裂, the pullback may deepen to $33.
宇宙 (原子) successfully held the breakout level at $32.32 在9月. 29, which suggests that sentiment remains positive and bulls are buying on dips.
The bulls pushed the price above the 20-day EMA ($35.88) 九月. 30 but the momentum has failed to pick up. This suggests that bears have not thrown in the towel yet and are selling on rallies. The bulls will have to thrust and sustain the price above $44.80 to signal the resumption of the uptrend.
The long wick on today’s candlestick suggests selling at higher levels. If the price turns down from the current level and breaks below the 20-day EMA, the bears will make one more attempt to sink the price below $32.32. 如果他们成功, the ATOM/USDT pair could drop to the 50-day SMA ($28.54).
The pair turned down from the resistance line of the symmetrical triangle, indicating that bears are defending this level aggressively. 如果价格从移动平均线反弹, the bulls will make one more attempt to push the price above the triangle.
如果他们成功, 这对可能会反弹 $44.80 and then to the psychological level at $50. A break and close above this level could open the doors for an up-move toward the pattern target at $57.61.
反之, if the price slips below the moving averages, the next stop could be the support line. If this level cracks, 这对可能下降到 $28.83 然后到 $24.50.
有关: Ethereum fractal from 2017 that resulted in 7,000% gains for ETH appears again in 2021
XTZ / USDT
特佐斯 (XTZ) rebounded off the 50-day SMA ($5.50) 九月. 29 and the momentum picked up after the bulls pushed the price above the 20-day EMA ($6.40) 九月. 30.
Sustained buying pushed the price above the overhead resistance zone at $8.03 至 $8.42. Both moving averages are sloping up and the RSI is near the overbought territory, 表明多头处于控制之中.
如果多头维持上述价格 $8.42, 它将暗示新的上升趋势的开始. 与此假设相反, if bears pull and sustain the price below $8.03, 它将建议更高级别的利润预定. The XTZ/USDT pair could then drop to the 20-day EMA.
The 4-hour chart shows the formation of a symmetrical triangle pattern, 通常作为延续模式. The bulls pushed the price above the triangle and successfully held the breakout level, indicating the start of an up-move.
此设置的模式目标为 $11.33. The rising 20-EMA and the RSI in the overbought zone suggest that bulls have an edge.
The first sign of weakness will be a close below $8.03. That could open the doors for a retest of the 20-EMA. A strong rebound off this level will suggest that the sentiment remains positive and traders are buying on dips. 反过来, a break below the 20-EMA could pull the price down to $7 后来到 $6.50.
轴心无限 (AXS) soared above the previous all-time high at $94.67 在十月. 1, which suggests the resumption of the uptrend. A coin hitting a new all-time high is a positive sign as it shows strong demand from traders.
The AXS/USDT pair has been facing resistance near $120.57 but the positive sign is that bulls have not given up much ground. This shows that traders are not hurrying to book profits after the recent rally and are buying the dips.
20天EMA ($77) has started to turn up and the RSI is in the overbought zone, 表明多头占上风. If buyers drive the price above $120.57, the pair could start its northward march toward $150 接着 $165.58.
与此假设相反, if bears pull the price below the breakout level at $94.67, it may result in aggressive profit-booking by traders and the pair may then drop to the 20-day EMA.
The pair has rebounded off $103.22 and the bulls are currently attempting to push the price above the overhead resistance at $110.50. The upsloping moving averages and the RSI in the overbought zone indicate the path of least resistance is to the upside.
If buyers push the price above $110.50, the pair could retest the critical resistance at $120.57. A break and close above this level could signal the resumption of the uptrend.
另一方面, 如果价格因上方阻力而下跌, the pair may consolidate for some time before starting the next directional move. The first sign of weakness will be a break and close below the 20-EMA. Such a move will suggest that the bullish momentum has weakened and supply exceeds demand.
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.