Avalanche Gains and Holds Above $27
Avalanche's (AVAX), price is increasing after it has risen above the moving-average lines.
Long-term Avalanche Price Analysis: Bullish
The altcoin's bullish momentum is waning as it faces rejection from its high of $30 on September 27. AVAX is currently fluctuating between the moving average line and the $30 level. It has been rejected 3 times. AVAX will reach the next resistance level of $40 if it breaches the first barrier. AVAX is likely to fall if bears break beneath the moving averages. Altcoins will find their next support level at $24. AVAX's current value is $28.
Avalanche indicator analysis
AVAX gains as long as the price bars are above the moving-average lines. Moving average lines indicate an upward trend. The altcoin is trading sideways at $30, indicating that the uptrend has stopped. Doji candlesticks influence the price fluctuations.
Technical Indicators
Major resistance levels - $60 and $70.00
Major support levels - $30 and $ 20
What's the future direction of Avalanche?
AVAX's 4-hour chart shows an upward trend with higher highs. Since October 14, AVAX's ascending trend is now a sideways dip under the $30 resistance level. The price of the altcoin fluctuates between $27 to $30. As it consolidates, the altcoin price has moved above $27.
Disclaimer. Disclaimer. This analysis and forecast is the author's personal opinion. These are not recommendations to buy or trade cryptocurrency, and should not be seen as endorsements by CryptoGuestPosts. Before investing in funds, readers should conduct their own research.
Ethereum Holds Above 2,300 Dollars and Approaches Bearish Explosion
Since October 1, the price of Ethereum (ETH), has moved steadily under the moving average line. ETH has remained above the $2,300/2,400 support levels.
Ethereum long-term price analysis: bearish
At lower prices, the selling pressure is lessening. Ether has now traded above the $2400 support level.
A price increase above the current level of support will push Ether's moving average line above it. The upward trend will continue until the next resistance level of $2,800. Once buyers have broken above the resistance of $2,800, an uptrend will begin. Ether's price could rise to $3,400 if the buyers succeed.
Ethereum Indicator Analysis
On the 4-hour chart, the price bars of the largest altcoin are above the moving-average lines. Ether's price is consolidating and could be heading up.
Technical Indicators
Resistance levels - $4,000 to $4,500
Support levels - $3.500 & $3,000
What is the future direction of Ethereum?
Ether's price has moved sideways since the October 3 drop. Candles with small bodies and indecisive flames have limited the price movement.
The cryptocurrency price is now above the moving-average lines. Ether is facing an initial hurdle at $2,400.
Disclaimer. Disclaimer. This analysis and forecast is the author's personal opinion. These are not recommendations to buy or trade cryptocurrency, and should not be seen as endorsements by CryptoGuestPosts. Before investing in funds, readers should conduct their own research.
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Ethereum stops above key support but falls
After breaking the moving averages, Ethereum's price rose to $2,732 before being rejected.
Ether's upward trend was stopped when it fell above $2,500.
Ether fell as soon as the bears broke beneath the moving average line or the $2,500 resistance. The biggest altcoin returns back to the key support of $2,300.
Analysis of the Ethereum Indicator
Ether's price bars now exceed the moving average lines after the recent drop.
The price bars of Ether remain below the moving-average lines, which indicates that the cryptocurrency's value will continue to fall.
Technical Indicators
Major Resistance Levels - $4,000 to $4,500
Major Support levels - $3.500 to $3,000
What is the future direction of Ethereum?
Yesterday, moving average lines resisted the upward surge, suggesting a possible bitcoin decline. On October 2, ETH is priced at $2,431.
Disclaimer. Disclaimer. This analysis and forecast is the personal opinion of the author. These are not recommendations to buy or trade cryptocurrency, and should not be seen as endorsements by CryptoGuestPosts. Before investing in funds, readers should conduct their own research.
XRP Fails at the $0.60 barrier and remains stable
The price of Ripple (or XRP coin) is moving in a sideways direction above the moving-average lines. The value of cryptocurrency used to be between $0.43 and $ 0.64.
XRP Long-term Analysis: ranging
The price range is now smaller than the moving average, which is the $0.56 resistance and support. Doji candlesticks have caused the price to stay stationary. If the bulls are able to break through the resistance of $0.60, then the market will move above the upper resistance of $0.64. If the bears were to fall below the moving-average lines, then XRP could drop back to its $0.50 low.
The cryptocurrency is currently at $0.58.
Analysis of XRP indicators
XRP is trading above the moving average line since September 14, according to CryptoGuestPosts. The altcoin was trapped in a small range for more than a month. Price bars have remained stationary due to the emergence of doji candles. Altcoins will change when the price breaks through the resistance of $0.60 or falls below the moving average lines.
Technical indicators
Key Resistive Levels – $0.80 and $1.00
Key Support levels - $0.40 & $0.20
What is the future of XRP?
On the 4-hour chart XRP is currently trading below the $0.60 resistance and above the $0.56 support. Altcoins will fall if buyers do not break through resistance at $0.60. Altcoins are currently falling toward the moving average line. If the price drops below the moving-average lines, the altcoin is likely to fall.
Disclaimer. Disclaimer. This analysis and forecast is the personal opinion of the author. These are not recommendations to buy or trade cryptocurrency, and should not be seen as endorsements by CryptoGuestPosts. Before investing in funds, readers should conduct their own research.
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BNB fluctuates in a narrow range and reaches $520
Binance Coin or BNB (BNB), is currently falling below moving average lines. Since July 5, BNB has been trading above the $460 barrier but below the $600 one.
Price forecasts for BNB over the long-term: fluctuations
The price fluctuated between the moving average line and below it. Altcoins are gaining in value today after the price fell below $480. BNB's price has fallen below its moving-average lines since August 27. If the price of the altcoin breaks above the moving-average lines, the trend will return to the upside.
If BNB diverges from the moving-average lines, then it will trade below these lines, but above the current $460 support. BNB's value is now $512.50.
BNB price indicator reading
The horizontal moving averages are now below the price bars. Moving average lines show a bearish cross-over, which indicates a decline of the cryptocurrency. Due to the formation of doji candles, the altcoin's rangebound movement has continued.
Technical indicators
Key r Resistance levels – $600, $650 and $700
Key support levels - $400, $350, $300
What is the next trend for BNB/USD?
BNB/USD has been trading sideways in the bearish zone. The altcoin has a small range on the bottom chart. The cryptocurrency's price is fluctuating between $480 and $520. Doji candlesticks have delayed the price movement.
On September 29 According to CryptoGuestPosts, BNB was in a bearish trend and was approaching the support level $470 on its daily chart.
Disclaimer. Disclaimer. This analysis and forecast is the personal opinion of the author. These are not recommendations to buy or trade cryptocurrency, and should not be seen as endorsements by CryptoGuestPosts. Before investing in funds, readers should conduct their own research.
Avalanche pulls back as it threatens to fall below $20
Avalanche's (AVAX), after hitting a low at $17.35, is now trading below the moving-average lines.
Avalanche Price Analysis: Bearish
The $28 resistance level halted the upward momentum. The cryptocurrency now has a trading range between $20 to $28.
CryptoGuestPosts has reported that the cryptocurrency's price fluctuated over the last three weeks while the trend was still being determined. The price indicator has indicated a possible decline in AVAX. AVAX will fall, then reverse direction at the Fibonacci extension of 1.272 or $11.
Altcoins have fallen into a lower price range. AVAX could fall to the 1.272 Fibonacci Extension or $11 in the event that the bears breach the current support of $20. Altcoin's current value is $23.61.
Avalanche Indicator Analysis
AVAX has retraced moving average lines on the daily chart. The altcoin will be forced to move within a certain range for the next few days. The cryptocurrency will start a trend when the moving averages break. On the weekly chart the moving averages show a bearish cross-over, with the SMA 21-day falling below the SMA 50-day. This is a negative signal.
Technical Indicators
Resistance levels - $60 and $70.00
Support levels - $30 and 20
What's the future direction of Avalanche?
Avalanche has returned to its sideways movement after the August 5 drop. Bulls halted the drop above the $20 resistance before continuing the uptrend. The upside correction is still stuck at the $28 high. This has resulted in a choppy cryptocurrency movement.
Disclaimer. Disclaimer. This analysis and forecast is the author's personal opinion. These are not recommendations to buy or trade cryptocurrency, and should not be seen as endorsements by CryptoGuestPosts. Before investing in funds, readers should conduct their own research.