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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.
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TRON Continues its upward trend after surpassing the $0.144 level
The price of TRON has gained momentum and surpassed the $0.144 resistance.
The price of cryptocurrency reached a peak on February 26 at $0.144. The $0.144 barrier has been a major obstacle for buyers in recent months. The $0.144 barrier forced altcoins to trade in ranges.
TRX long-term price prediction: bullish
TRON began its upward movement on August 19. TRON's signal price indicates that the upward movement will continue.
TRON's signal price has continued to move upward. A retraced body of a candle approached the Fibonacci 50% retracement during the July 8 rise. The retracement indicates that the price is likely to continue rising until it reaches $2.0 or $0.186, the Fibonacci extension high. Altcoin was worth $0.159 as of the writing.
TRON indicator reading
On August 14, the price bar of the daily chart re-appears above the moving average line. The horizontal moving-average lines are sloped upwards, which indicates an uptrend.
Technical Indicators
Key supply zones: $0.13. $0.14. $0.15
Key demand zones: $0.10 $0.09 $0.08
What's the next step for TRON?
The sideways TRON trend is broken, and the bulls are now able to break through the resistance above $0.144. Since July 13, TRON has been trading in a $0.11-$0.14 range. The bulls have broken through this range today and continue the uptrend of the cryptocurrency. TRON's price is expected to rise to a high of $0.18-$0.20.
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.
Polygon Jumps above $0.38 and Continues to Rise
Price analysis by CryptoGuestPosts. The price of Polygon’s Ecosystem Token has dropped to the bottom of chart. CryptoGuestPosts provides a price analysis.
Polygon Ecosystem Token long-term price forecast: bearish
POL reached a low of $0.335 on 5 August, reaching the oversold region of the market. Bulls have already purchased the dips, as altcoins correct higher. The cryptocurrency is unlikely to continue its downward trend. A retraced candles tested the Fibonacci line of 78.6% during the price drop on April 8.
POL is declining, but then reverses at the Fibonacci Extension level of $0.406 or $1.272. According to price activity, altcoins reached a low point of $0.335 and then rebounded. POL currently has a value of $0.42 as I write this.
POL Indicator Analysis
POL is in a bearish fatigue as the price bars are still below the moving-average lines following the pullback. On August 5, the large candlestick tail indicates strong buying pressure near the $0.335 resistance. Doji candlesticks are slowing down the price movement.
Technical Indicators
Resistance Levels: $1.20 $1.30 $1.40
Support Levels: $0.60, $0.40, $0.30
What's the next step for POL
Polygon is currently trading in a range. On August 5, the fall stopped above the $0.38 level of support. The altcoin oscillates between the $0.38 support level and the moving-average lines. The uptrend has hit a resistance level of $0.43. POL's uptrend will resume once it breaks over the moving average lines.
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.