Bitcoin’s shallow correction to lower support levels increases the possibility of a move higher and this could trigger a fresh round of buying in ETH, BCH, AXS and EOS.
) has been consolidating in a downtrend. This suggests that the bulls are attempting to form a bottom.The 20-day EMA has flattened out and the RSI is in the positive zone, indicating a balance between supply and demand. This balance could tilt in favor of the buyers if they propel the price above the overhead resistance at $18.53. If that happens, the AXS/USDT pair could start a rally toward $25.21 and then to $28.20.
On the contrary, if the price breaks below the 20-EMA, the pair could slide to the 50-SMA. This is an important level to keep an eye on because if it cracks, the bullish momentum may weaken.broke above the moving averages on July 18 and completed a successful retest of the 20-day EMA on July 21.The moving averages have completed a bullish crossover and the RSI is near the overbought territory, indicating that bulls have the upper hand. The price could rise to $1.
This positive view could invalidate if the price turns down from the current level and breaks below the moving averages.Both moving averages are sloping up on the 4-hour chart and the RSI is near the overbought zone, indicating that the pair is in an uptrend.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shiba Inu's Welly Transfers First Set of Community Rewards in ETH to WalletShiba Inu's Welly announces transfer of community rewards to wallet ShibArmy SHIB SHIBCommunity WellyFriends Utility
Read more »
Top 5 Things to Watch in Markets in the Week Ahead - Fed Rate Hike, Earnings Flood By Investing.com⚠️3 Things to Watch in Markets This Week: -Fed Rate Hike -Apple, Microsoft, Google, Amazon Earnings -U.S. GDP, Inflation Data 👉 $DIA $SPY $QQQ $IWM $VIX
Read more »
BTC, DOGE and SHIB Price Analysis for July 24How long can DOGE and SHIB rise faster than BTC? Dogecoin dogecoin jasdoge DogecoinMemes RacerDoge crypto cryptocurrency doge
Read more »
Finland Sells 1,889 Seized Bitcoins for $47 Million — Proceeds Going to Ukraine – Regulation Bitcoin NewsFinland has sold 1,889 bitcoins seized in narcotic cases for 46.5 million euros ($47.4 million). The sale proceeds are going to Ukraine.
Read more »
Bitcoin Lightning Network capacity rises to a new high amid bear marketThe constant growth of the Bitcoin Lightning Network (LN) continues to accelerate after attaining another milestone undeterred by the ongoing... Continue reading
Read more »
Bitcoin must close above $21.9K to avoid fresh BTC price crash — traderBuckle up. If you want Bitcoin to avoid a crash, it must stay around the $20,000 mark, suggests a trader.
Read more »