key points:
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Bitcoin is preparing an extension in the next few days, and the trend is in favor of the bull.
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Eth, BNB, Avax, and Pengu are ready for many inverted MOTs.
Bitcoin (BTC) has failed to break above $ 120,000, but a positive indication is that the bulls have not thickened the bear. According to FAURS investors data, investors have invested money in BTC exchange-traded funds, which have seen pure flow for the last three tracking days.
US billionaire and hedge fund manager Re Ray Dalo said during an appearance on Master Investor Podcast that BTC or Gold Cole 15% allocation adapted to “Best Return-to-Rasion Ratio” against the devaluation of Fiat.
The BTC consolidation near the high shifted the focus of investors to Ether (ETH) and other selected altcoin. Etor-focused Treasury firms have acquired about 1% of the total support in early June, and this number can eventually increase 10x from current levels, acoroding for a new report from cointelegraph of standard charitable.
Many other firms have revealed a plan to add selected ultcinas to their treasures, increasing an increased institutional interest.
Let’s analyze the top 5 cryptocurrency charts that look strong on the chart in the near period.
Bitcoin value prediction
Buyers have failed to pursue BTC above $ 120,000 resistance, indicating lack of demand at high levels.
Aphsusing 20-day simple moving averages ($ 118,170) and relative strength index (RSI) in positive territory enhances the principles of an inverted breakout. If buyers cross the barrier at $ 123,218, the BTC/USDT pair increases towards $ 135,729 and a pattern target of $ 150,000.
Conversely, if the price decreases and breaks below $ 115,000, it suggests profit-booking by short-term traders. The pair can take a neckline of the inverted head and shoulder pattern and then a dip by $ 110,530. Buyers are expected to define the level of $ 110,530 with all of them as a brake below increases its risk to $ 100,000.
Both moving averages flattened on the 4-hour chart, and the RSI is just below the midpoint, indicating the supply and demand of a betayen. A break and a bandh above $ 120,000 shows that bulls are trying to take charge. The pair can then challenge $ 123,218 overhead resistance.
On the negative side, a break and shifts a BA fair of BA closed below $ 114,723. The couple pulled the pair for concrete support at $ 110,530.
Ether value prediction
Eth is less than $ 3,941, but bulls are mainly trying to priced above $ 3,745. This suggests that bulls are trying to flip the level in support.
Apscipling indicates a thrill to buy 20-day SMA ($ 3,473) and RSI overbott zone. If the price increases and breaks above $ 3,941, the Eth/USDT pair can challenge the level of $ 4,094. Sellers are expected to define a level of $ 4,094 fiercely as a break and a pair of about $ 4,868 above it.
This positive attitude will almost be invalid if the price decreases and breaks below the 20-day SMA. If this happens, the pair can enter a deep improvement Twiring $ 3,250.
The price jumped with the support of $ 3,745, but the bulls could not clean the barrier at $ 3,941. The pair is pulled to the level of $ 3,745. A brake and a closed aggression can implicate the bull, which can pull the pair up to $ 3,500. Buyers are expected to define a level of $ 3,500 as a break below it may begin a deep improvement towards $ 3,250.
The bulls will have to emphasize the price of above $ 3,941 to seize the control. The pair can then climb to $ 4,094, where the bear is expected to step into.
BNB price prediction
The BNB (BNB) withdrew from $ 861 on Monday, indicating the booking of profit by short -term buyers.
The BNB/USDT pair can be up to a breakout level of $ 794, which is an important support moment to look out. If the value rebellion provides $ 794, it suggests that the Bulls have taken the lead in support. It improves the chances of brakes above $ 861. If this happens, the pair can be $ 900 and ultimately $ 1,000.
Alternatively, a break and $ 794 signals that bulls are closing their posters in a hurry. The pair can be up to $ 761, an important level to defend the bulls.
The pair fell below the 20-SMA on a 4-hour chart, indicating sales at a higher level. The pair can reach 50-SMA, which is an important level to look out. A brake under 50-SMA and a closed pair can drown up to $ 761.
On the other hand, a solid bounce from the 50-SMA suggests to be at a low level. Bulls will try to pursue the price above 20-SMA. If they succeed, the pair can resume $ 861 resistance. A break and closure of above $ 861 can begin the next stage of uptrend to $ 900.
Connected: Bitcoin analysts say
Promotional value prediction
Avalance (Avax) is integrating between $ 15.27 and $ 27.38 for several weeks, indicating to buy on DIP and sell on rallies.
Apsbash 20-day SMA ($ 23.52) and RSI in the positive field suggest that buyers have the upper hand. If bulls pierce $ 27.38 resistance, the Avax/USDT pair can initiate a new step. The pair can Rali for the target purpose of $ 36 and then $ 39.49.
Conversely, if the price is reduced to the 20-day SMA, it suggests that the bull has left. That curl immerses the pair for 50-day SMA ($ 20.48), expanding to stay inside the rank for some more time.
The pair decreased rapidly from $ 27.38 and broke below 50-SMA on a 4-hour chart. This suggests that the bulls are running to get out. This pair can drown up to $ 23, which is expected to act as string support.
If the price turns from $ 23 and turns above 20-SMA, it suggests solid purchases at the lower levels. Bulls will then try to push the pair by $ 27.38. The overhead resistance can begin a break and the next leg of the close up obes.
Paggy penguin price prediction
Pudi Penguin (Pengu) ralled rapidly in the last few days, but Bulls are facing significant resistance to $ 0.046.
The buffaloes have the edge near the Apsalping Movers and RSI positive fields. If buyers run a price above $ 0.046, the Pengu/USDT pair can start the next phase of the UP MOT MOV by $ 0.054 and later to $ 0.065.
The 20-day SMA ($ 0.033) is important support for the negative side to look out. A brake and close below the 20-day SMA indicate that bulls are booking profits. This pair can drown up to $ 0.028.
The price decreased by $ 0.046 overhead resistance and broke below 50-SMA on a 4-hour chart. The next support on the negative side is $ 0.035. If the price rebellion provides $ 0.035, these signals are living on low. It may stuck the pair inside the range between $ 0.035 and $ 0.046 for some time.
The bear will give up the upper hand on a break and close $ 0.035 below the support. It opens the door for a decline of $ 0.028.
There are no investment advice or recommendations in this article. Every investment and trading film includes risk, and readers should do their research while taking decisions.