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CRYPTO PRICE TRENDS
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BITCOIN WILL NEED WEEKLY CLOSING ABOVE $69K FOR NEXT BIG MOVE.
#BTCđ„đ„đ„đ„
#write2earnâŠ
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CRYPTO PRICE TRENDS
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UNI PRICE REGAINS TRACTION After forming a base above the $9.20 level, Uniswap started a fresh increase like Bitcoin and Ethereum. UNI price gained pace for a move above the $9.80 and $10.00 resistance levels. There was a break above a key bearish trend line with resistance near $10.35 on the hourly chart of the UNI/USD pair. The bulls even pushed the price above the $10.50 and $11.50 resistance levels. Finally, the bears appeared near the $12.00 zone. A high was formed near $11.795 and the price is now consolidating gains near the 23.6% Fib retracement level of the upward move from the $9.28 swing low to the $11.95 high. UNI is now trading above $11.20 and the 100-hourly simple moving average. Immediate resistance is near the $11.55 level. The next key resistance is near the $12.00 level. A close above the $12.00 level could open the doors for more gains in the near term. The next key resistance could be near $12.20, above which the bulls are likely to aim a test of the $12.50 level. Any more gains might send UNI toward $13.50. ARE DIPS SUPPORTED IN UNISWAP? If UNI price fails to climb above $11.95 or $12.00, it could start a downside correction. The first major support is near the $11.00 level. The next major support is near the $10.60 level or the 50% Fib retracement level of the upward move from the $9.28 swing low to the $11.95 high. A downside break below the $10.60 support might open the doors for a push toward $10.20.$UNI
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XRP PRICE HOLDS SUPPORT XRP price remained well-supported above the $0.500 zone and started a fresh increase like Bitcoin and Ethereum. The price was able to clear the $0.5120 and $0.5150 levels. There was a clear move above the $0.5250 resistance and the price tested the $0.530 zone. A high was formed at $0.5300 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $0.5080 swing low to the $0.5300 high. The price is now trading above $0.5250 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $0.5240 on the hourly chart of the XRP/USD pair. On the upside, the price is facing resistance near the $0.5280 level. The first key resistance is near $0.5300. The next major resistance is near the $0.5320 level. A close above the $0.5320 resistance zone could send the price higher. The next key resistance is near $0.5450. If there is a close above the $0.5450 resistance level, there could be a steady increase toward the $0.5560 resistance. Any more gains might send the price toward the $0.5650 resistance. ANOTHER DECLINE? If XRP fails to clear the $0.530 resistance zone, it could start another decline. Initial support on the downside is near the $0.5240 level and the trend line. The next major support is at $0.5190 or the 50% Fib retracement level of the upward move from the $0.5080 swing low to the $0.5300 high. If there is a downside break and a close below the $0.5190 level, the price might accelerate lower. In the stated case, the price could decline and retest the $0.5120 support in the near term.$XRP
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BITCOIN PRICE EYES MORE UPSIDES Bitcoin price formed a base and started a fresh increase above the $68,500 resistance. BTC was able to clear the $69,500 and $70,000 levels to move into a positive zone. The bulls even pushed the price above $71,200. A high was formed at $71,238 and the price is now consolidating gains. The price is stable above the 23.6% Fib retracement level of the upward move from the $67,284 swing low to the $71,258 high. Bitcoin is now trading above $69,500 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support at $69,200 on the hourly chart of the BTC/USD pair. On the upside, the price is facing resistance near the $71,200 level. The first major resistance could be $71,500. The next key resistance could be $72,000. A clear move above the $72,000 resistance might send the price higher. In the stated case, the price could rise and test the $73,200 resistance. Any more gains might send BTC toward the $75,000 resistance. ANOTHER DECLINE IN BTC? If Bitcoin fails to climb above the $71,200 resistance zone, it could start another decline. Immediate support on the downside is near the $70,300 level. The first major support is $69,400 or the trend line. The next support is now forming near $69,200 or the 50% Fib retracement level of the upward move from the $67,284 swing low to the $71,258 high. Any more losses might send the price toward the $68,500 support zone in the near term.$BTC
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BITCOIN PRICE STARTS DOWNSIDE CORRECTION
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ETHEREUM PRICE HOLDS GROUND Ethereum price gained pace after it settled above the $3,000 level, like Bitcoin. ETH even cleared the $3,050 level before the bears appeared near $3,150. A new weekly high was formed at $3,144 and the price recently started a downside correction. There was a move below the $3,100 level. Ether dipped below the 23.6% Fib retracement level of the upward move from the $2,927 swing low to the $3,144 high. Ethereum is now trading above $3,000 and the 100-hourly Simple Moving Average. The bulls are active near the $3,065 support and they are protecting the 50% Fib retracement level of the upward move from the $2,927 swing low to the $3,144 high. Immediate resistance is near the $3,080 level. There is also a connecting bearish trend line forming with resistance at $3,080 on the hourly chart of ETH/USD. The first major resistance is near the $3,150 level. An upside break above the $3,150 resistance might send the price higher. The next key resistance sits at $3,200, above which the price might gain traction and rise toward the $3,250 level. If there is a clear move above the $3,250 level, the price might rise and test the $3,320 resistance. Any more gains could send Ether toward the $3,500 resistance zone. MORE LOSSES IN ETH? If Ethereum fails to clear the $3,080 resistance and the trend line, it could continue to move down. Initial support on the downside is near the $3,065 level. The next major support is near the $3,000 zone. A clear move below the $3,000 support might push the price toward $2,980. Any more losses might send the price toward the $2,860 level in the near term. Technical Indicators... Hourly MACD â The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI â The RSI for ETH/USD is now below the 50 level. Major Support Level â $3,000 Major Resistance Level â $3,080#ETHETFS #MicroStrategy #write2Earn
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