This site uses cookies. Browsing the site, you agree to the use of cookies. If you need more information, please visit the Cookies Policy page
Cryptocurrencies: 6833 / Markets: 47997
Market Cap: $ 1 895 442 668 933 / 24h Vol: $ 110 652 079 879 / BTC Dominance: 42.181427425132%

Н News

Top 5 cryptocurrencies to watch this week: BTC, ETC, LUNA, KLAY, AXS

840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDgvNTA4NDM3NTEtMzExZC00NGIyLTg1YzYtZGYwY2NmYzM2ODc0LmpwZw==.jpg

Bitcoin bulls are looking for BTC to rebound off a support zone and if confirmed, ETC, LUNA, KLAY and AXS could push higher.

Bitcoin (BTC) is facing a stiff challenge from the bears near the $48,000 mark. As Cointelegraph reported earlier, the buy and sell levels show that sellers on Binance have held their ground at $48,000.

PlanB, the creator of the stock-to-flow Bitcoin price model, said if Bitcoin manages to close August above $47,000, the year-end "worst-case scenario" target price of $135,000 may come into play.

Despite the slight downturn, the institutional adoption of Bitcoin continues to increase. Filings with the United States Securities and Exchange Commission show that four wealth management firms have bought shares in Grayscale’s Bitcoin Investment Trust.

a5a0c59f-e02e-46f2-a7a9-465920ec0975.pngCrypto market data daily view. Source: Coin360

A survey of about 42,000 people in 27 countries by product comparison website Finder, showed a high adoption rate in Asia. Among the countries polled, Vietnam had the highest adoption rate at 41% while India and Indonesia had a 30% adoption rate.

Compared to their Asian counterparts, the respondents in the United Kingdom and the United States reported a low 8% and 9% adoption rate. However, the report warned that “due to the varying Google infrastructure in each territory, not all surveys were nationally representative.”

Will Bitcoin’s hesitation near the $48,000 mark result in profit-booking? Could altcoins attract funds that exit Bitcoin? Let’s study the charts of the top-5 cryptocurrencies that may extend their up-move in the next few days.

BTC/USDT

Bitcoin turned down from the resistance line of the rising wedge pattern on Aug. 14. This suggests that the bears have not given up and are defending the resistance line aggressively.

8be0534c-1c31-4d93-b888-586b7e99296a.pngBTC/USDT daily chart. Source: TradingView

The BTC/USDT pair could now drop to the support line of the wedge, which could attract buyers. If the price rebounds off this level, the bulls will again try to resume the up-move. A breakout and close above the wedge will invalidate the bearish pattern and open the doors for a rally to $53,000 and then $60,000.

The upsloping moving averages and the relative strength index (RSI) in the positive zone suggest that bulls are in control.

Contrary to this assumption, if bears sink the price below the wedge, the pair could drop to the 20-day exponential moving average ($42,682). If the price rebounds off this level, the bulls will make one more attempt to resume the up-move.

But if the price slips below the 20-day EMA, the pair may drop to the 50-day simple moving average ($37,176).

5f5bb608-5a79-466c-bc07-1650a1b729e7.pngBTC/USDT 4-hour chart. Source: TradingView

The bears are posing a stiff challenge in the zone between $46,743.47 and $48,144. They have pulled the price down to the 50-SMA on the 4-hour chart. If the price breaks below this support, the pair could drop to $43,770 and later to $42,451.67.

The flattening 20-EMA and the RSI near the midpoint suggest that the bullish momentum may be weakening.

If the price rebounds off the current level and rises above the overhead resistance zone, it will indicate that bulls are buying on every minor dip. That will suggest the resumption of the up-move.

ETC/USDT

Ethereum Classic (ETC) broke and closed above the overhead resistance at $63.56 on Aug. 13, completing an ascending triangle pattern. This bullish setup has a pattern target at $94.91.

c6e4a82f-b074-4a1a-b6f2-a32045f503d5.pngETC/USDT daily chart. Source: TradingView

Usually, after breaking out of a pattern, the price turns down and retests the breakout level. In this case, the ETC/USDT pair could retest the $63.56 level in the next few days. If bulls flip this level into support, the pair could start a new uptrend.

The rising 20-day EMA ($57) and the RSI in the overbought zone suggest that bulls have the upper hand. If the price breaks below $63.56, the pair could drop to the 20-day EMA.

A strong rebound off the 20-day EMA will suggest that the bullish sentiment remains intact. The buyers will then make one more attempt to resume the up-move. This positive view will be negated if bears pull the price below the 20-day EMA. That could result in a decline to the 50-day SMA ($51).

3709d116-cddb-47f5-99d9-27c7ae299383.pngETC/USDT 4-hour chart. Source: TradingView

The 4-hour chart shows that the pair is in an uptrend. The bears are attempting to stall the up-move at $76.16 but the positive sign is that the bulls have not given up much ground. The rising moving averages and the RSI near the overbought territory indicate advantage to the buyers.

If bulls propel the price above $76.16, the next stop could be $84.16. On the contrary, if bears sink the price below $70, the pair could decline to the 20-EMA. A strong bounce off this level will suggest that the sentiment remains positive but a break below it may pull the price down to $63.56.

LUNA/USDT

Terra protocol’s LUNA token has been trading inside an ascending channel for the past few days. The breakout and close above the downtrend line suggest the start of a new uptrend.

4588c2d4-1694-44ff-bbb9-825bfbabfac5.pngLUNA/USDT daily chart. Source: TradingView

The bears have been defending the overhead resistance at $18 for the past four days. If the price rises from the current level or rebounds off the support line, the bulls will make one more attempt to propel the LUNA/USDT pair above $18. If they manage to do that, the next stop could be $19.54 and then $22.

Alternatively, if the price breaks below the channel and the 20-day EMA ($14), it will suggest that the bullish momentum has weakened. The pair could then retest the breakout level at the downtrend line.

7f81c482-37dc-45ab-be4e-51102679370e.pngLUNA/USDT 4-hour chart. Source: TradingView

The bears have twice stalled the up-move at $18, which makes it an important level to watch out for. The 20-EMA has flattened out and the RSI is just above 50, which points to a possible consolidation in the near term.

If the price rebounds off the 50-SMA, the pair could trade between $15.81 and $18 for some time. A breakout and close above $18 could start the next leg of the uptrend that could reach $20.81. Conversely, a break below $15 may signal the start of a deeper correction to $13.

KLAY/USDT

Klaytn (KLAY) rose above the $1.81 resistance on Aug. 14 but the bulls could not sustain the higher levels. The long wick on the candlestick of the past two days suggests that bears are aggressively defending the overhead resistance.

3501be00-a09c-4f02-9625-28953f3a83b9.pngKLAY/USDT daily chart. Source: TradingView

The sharp rally of the past few days has pushed the RSI deep into the overbought zone, indicating the possibility of a minor correction or consolidation in the next few days. Any dip is likely to find support at $1.60 and then at $1.40.

If the price rebounds off either support, the bulls will make one more attempt to rise above $1.81. A breakout and close above this level will complete a rounding bottom pattern, which has a target objective at $2.90.

This positive view will invalidate if the price turns down and breaks below the 20-day EMA ($1.32). That could result in a decline to the 50-day SMA ($1.07).

f0f29d3b-7cec-483f-a0c9-ccb0bd64ad72.pngKLAY/USDT 4-hour chart. Source: TradingView

The 4-hour chart shows that bears thwarted two attempts by the bulls to push the price above the $1.81 resistance. If bears sustain their selling pressure and sink the price below the 20-EMA, the decline could extend to the 50-SMA.

Conversely, if the price rebounds off the 20-EMA, the bulls will make one more attempt to clear the hurdle at $1.81. If they succeed, the KLAY/USDT pair could rally to $2.18. The rising moving averages and the RSI is in the positive zone, indicate advantage to the bulls.

Related: Bullish Ethereum traders can place risk-averse bets with this options strategy

AXS/USD

Axie Infinity's native token AXS has been in a strong bull run in the past few weeks, hitting a new all-time high at $77.48 on Aug. 11. The long wick on the day’s candlestick showed that traders booked profits at higher levels.

875f8bd9-342e-479c-8f9d-850dd630db1f.pngAXS/USDT daily chart. Source: TradingView

The AXS/USDT pair has corrected to the immediate support at $63. If bears sink the price below this level, the pair could drop to the 20-day EMA ($51). The previous two corrections reversed direction from the 20-day EMA.

Therefore, the bulls are again likely to buy the dip to the 20-day EMA. A strong rebound off this level will suggest that the sentiment remains positive and traders are buying the dips. The bulls will then again try to resume the uptrend.

A breakout and close above $77.48 could clear the path for a possible run to $91 and then to psychological resistance at $100. Alternatively, a breakdown and close below the 20-day EMA may signal the start of a deeper correction.

09282604-76d4-4543-b2c4-9e212d2a06e3.pngAXS/USDT 4-hour chart. Source: TradingView

The 4-hour chart shows the formation of a descending triangle pattern, which will complete on a breakdown and close below the support at $63. This reversal setup has a pattern target at $48.52. The flattening 20-EMA and the RSI near the midpoint indicate that the bullish momentum is weakening.

Contrary to this assumption, if the price rises from the current level and breaks above the downtrend line, it will invalidate the bearish setup. That could increase the possibility of a retest of the all-time high at $77.48.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Source

  • 14.09.20 18:18 Попков С.А.

    Как успехи?

  • 14.09.20 18:24 Попко Колян

    👍👍👍👍👍

  • 14.09.20 18:26 Егор Шетюк

    Понеслась

  • 14.09.20 18:26 Захар Трофимов

    15$. Тюмень рулит😁

  • 14.09.20 18:35 Константин В.В

    Биток и эфир держу до лучших времён)

  • 14.09.20 18:38 Попко Колян

    ​ДОБРОГО

  • 14.09.20 18:43 Даниил

    Рига смотрит

  • 14.09.20 18:46 Вадим Никулин

    Всегда смотрю Вас!

  • 14.09.20 18:55 Захар Трофимов

    Минск на проводе

  • 14.09.20 18:56 Щука А

    Спасибо за ваш труд

  • 14.09.20 19:01 Никита

    Хай

  • 14.09.20 19:06 Вячеслав Левков

    Отложил биток на пенсию

  • 14.09.20 19:13 Попков С.А.

    Отличные эфиры у вас

  • 14.09.20 19:20 Щука А

    Привет из Москвы

  • 14.09.20 19:25 Алексей С.

    Всем РЕСПЕКТ

  • 14.09.20 19:27 Николай

    Вперед криптаны

  • 14.09.20 19:34 КРИПТАН

    Слышно гуд

  • 14.09.20 19:36 Егор Шетюк

    Подарите книгу)))

  • 14.09.20 19:44 Светлана П

    миллионерам привет

  • 14.09.20 19:48 Вячеслав Левков

    Крипта скам=)

  • 14.09.20 19:53 Тоха

    Понеслась

  • 14.09.20 19:57 Носов А.А

    Рига смотрит

  • 14.09.20 20:04 Прокоп

    Донаты принемаете?

  • 14.09.20 20:06 Носов А.А

    спасибо

  • 14.09.20 20:12 Юрий Ник

    Тюмень рулит😁

  • 14.09.20 20:18 Даниил

    миллионерам привет

  • 14.09.20 20:18 Нина

    17$. Биток и эфир держу до лучших времён)

  • 14.09.20 20:24 Никита

    18$. Задонатю вам баблишка)

  • 14.09.20 20:25 Вячеслав Левков

    Поможем парням лайками, я уже свой поставил

  • 14.09.20 20:26 Павел Скоровойтов

    Слава эфиру

  • 14.09.20 20:35 Носов А.А

    Привет, пацаны. Слышно, видно хорошо

  • 14.09.20 20:36 Тоха

    Шалом

  • 14.09.20 20:44 Лена

    Биток и эфир держу до лучших времён)

  • 14.09.20 20:47 Нина

    ​ку-ку)

  • 14.09.20 20:53 Попков С.А.

    Все good. Ростем потихоньку и падаем, как всегда

  • 14.09.20 20:58 Санек

    Всем РЕСПЕКТ

  • 14.09.20 21:01 Славка Орехов

    Спасибо за ваш труд

  • 14.09.20 21:10 Ваня А,

    Привет, пацаны. Слышно, видно хорошо

  • 14.09.20 21:13 Нина

    ​ДОБРОГО

  • 14.09.20 21:20 Никита

    Привет парни!

  • 14.09.20 21:25 Егор Шетюк

    Hello

  • 14.09.20 21:27 Вячеслав Левков

    ​ку-ку)

  • 14.09.20 21:33 Попков С.А.

    Тамбов с вами братва

  • 14.09.20 21:37 Серега Бумер

    Слава эфиру

  • 14.09.20 21:42 Ваня А,

    Подарите книгу)))

  • 14.09.20 21:50 Павел Скоровойтов

    Поможем парням лайками, я уже свой поставил

  • 14.09.20 21:54 Захар Трофимов

    Привет парни!

  • 14.09.20 21:56 Санек

    Отложил биток на пенсию

  • 14.09.20 22:03 Носов А.А

    Привет, пацаны. Слышно, видно хорошо

  • 14.09.20 22:03 Попков С.А.

    14$. Надо изучать Defi , интересно

  • 14.09.20 22:09 Николай

    Поможем парням лайками, я уже свой поставил

  • 14.09.20 22:14 Вадим Никулин

    Я из РБ слежу за вами давно💰

  • 14.09.20 22:17 Николай

    Поможем парням лайками, я уже свой поставил

  • 14.09.20 22:24 Лена

    ​Я снова с вами)))

  • 14.09.20 22:28 Носов А.А

    Отложил биток на пенсию

  • 14.09.20 22:31 Серега Бумер

    Тюмень рулит😁

  • 14.09.20 22:40 Светлана П

    Сморгонь 👍

  • 14.09.20 22:43 Вадим Никулин

    Отложил биток на пенсию

  • 14.09.20 22:46 Николаев

    Круто

  • 14.09.20 22:53 Ваня А,

    Люблю ваши трансляции, вы крутые!

  • 14.09.20 22:58 Вячеслав Левков

    Биток вперед!!!

  • 14.09.20 23:05 Носов А.А

    ​Привет всем с Украины!

  • 14.09.20 23:06 Носов А.А

    12$. ​здарова бандиты

  • 14.09.20 23:09 Константин В.В

    Отложил биток на пенсию

  • 14.09.20 23:14 Прокоп

    Екатеринбург на связи

  • 14.09.20 23:18 Николаев

    Круто

  • 14.09.20 23:25 Тоха

    ​здарова бандиты

  • 14.09.20 23:27 Попков С.А.

    Отличные эфиры у вас

  • 14.09.20 23:33 Лена

    Поможем парням лайками, я уже свой поставил

  • 14.09.20 23:39 Николаев

    Доброе утречко

  • 14.09.20 23:45 Лена

    Как успехи?

  • 14.09.20 23:49 Павел Скоровойтов

    ​ку-ку)

  • 14.09.20 23:51 Ваня А,

    Привет, пацаны. Слышно, видно хорошо

  • 14.09.20 23:57 Попков С.А.

    Хомяки тут

  • 15.09.20 00:01 Лысый Боб

    Привет, пацаны. Слышно, видно хорошо

  • 15.09.20 00:07 Санек

    Слава эфиру

  • 15.09.20 00:12 Щука А

    Екатеринбург на связи

  • 15.09.20 00:14 Нина

    23$. Лайк

  • 15.09.20 00:16 Юрий Ник

    Вперед криптаны

  • 15.09.20 00:25 Лена

    Биток и эфир держу до лучших времён)

  • 15.09.20 00:26 Попков С.А.

    Как успехи?

  • 15.09.20 00:33 Попко Колян

    Я из РБ слежу за вами давно💰

  • 15.09.20 00:40 Даниил

    миллионерам привет

  • 15.09.20 00:50 Константин В.В

    11$. Круто

  • 17.09.20 15:31 Trident

    купил билет на семинар который изначально планировался в субботу.... в пятницу не смогу послушать, гле посмотреть запись?

  • 24.09.20 12:08 Серго1985

    Как бабло зарабатывается??

  • 15.10.20 09:16 Vyacheslav

    отлично зарабатывается !)

  • 15.10.20 09:16 Vyacheslav

    у вас как?

  • 09.02.21 10:40 ave2510

    всем привет! кто то заходил в ю8д...?

  • 10.02.21 12:52 [email protected]

    почему я на юнисвоп не вижу токен NTFI

  • 16.02.21 18:27 Jessikagylu

    Всем привет. А какой интернет вы используете для майнинга? Прочла интересную статью https://hashalot.io/blog/vyjdet-li-majning-za-limit-trafika-kakaya-skorost-interneta-nuzhna-dlya-majninga/ и задумалась над этим. Какие характеристики сети у вашего провайдера?

  • 24.04.21 07:21 [email protected]

    991532991

  • 24.04.21 07:24 [email protected]

    998991532991

  • 24.04.21 07:25 [email protected]

    [email protected]

  • 12.05.21 09:24 Calibr

    Как купить доступ в закрытый чат?

  • 18.06.21 11:05 007ja

    Как войти на выбинар бесплатный в 11:00

  • 13.07.21 19:13 ChicoChalk

    Try changehero: https://changehero.io/

  • 15.07.21 21:57 Alonzo

    ребята нужна помощь не могу завести ton на кошелек ton cristal!

  • 18.07.21 00:04 Alonzo

    ребят мне нужна помощь я не могу зайти в фермы !вроде делаю все как вы обьясняли но что то делаю не так нужна помощь

  • 26.08.21 04:09 Noverlick

    А значит надо оптимизировать алгоритм. Мы в Новерлик это сделали!

To join the Chat, you need a free pro-blockchain.com account. Enter Registration