Bitcoin rose 2% this week after suffering a major setback when it dropped 5.5% in today’s trading session. As of Friday, the cryptocurrency jumped from the $ 6,800 level to $ 6,400 at the start of this week.
However, in today’s trading, Bitcoin has dropped more than 5% to the support level of $ 6,800. It also found additional support for the previous upward trend line.
If Bitcoin falls below $ 6,800, the additional support is at $ 6,600, $ 6,400, $ 6,200 and $ 6,000.
On the other hand, if it can rebound from $ 6,800, the resistance is at $ 7,000, $ 7,200 (bearish retracement of 0.5 Fib) and $ 7,400. Beyond $ 7,400, the additional resistance is located at $ 7,700 (100 EMA days) and $ 8,000 (200 EMA days and bearish. 618 Fib Retracement).
Ethereum managed to surpass the previous resistance level of $ 145 this week as it jumped 23% to reach resistance at $ 175, which is provided by the EMA at 100 days.
It has struggled to break through this resistance and has since dropped 7.2% today to reach the current level of trade at $ 158. This brings the total price movement over 7 days to + 10.5%.
Below, the first level of support is at $ 155 (short-term retracement of 0.382 Fib). Below, the additional support is located at $ 150 (0.5 fiber retracement), $ 144 (0.618 fiber retracement) and $ 140. Support at $ 140 is further reinforced by an upward trend line.
Alternatively, if the bulls rebound from $ 155, the resistance is at $ 165 (bearish retracement of 0.382 Fib), $ 175 (100 EMA days) and $ 180.
Against Bitcoin, ETH also jumped 12% in total, as it managed to break through the resistance of the previous 0.021 BTC to climb to 0.0235 BTC before reversing. It has since declined but remains at support at 0.0229 BTC provided by a 0.236 Fib retracement.
If the sellers are pushing lower, the support is at 0.0225 (0.382 Fib Retracement), 0.022 BTC and 0.0215 BTC (0.618 Fib Retracement).
On the other hand, if they can push higher, the resistance is at 0.0235 BTC, 0.0245 BTC (bearish retracement of 0.618 Fib) and 0.025 BTC.
The XRP fell 6% in total today as the cryptocurrency failed to break through the resistance level of $ 0.20. It had climbed 14% in total during the week to reach $ 0.20, but today’s price drop brought the 7-day price down to a small 4%.
The XRP is now trading with the support provided by the upward trend line of support at $ 0.182.
If sellers break this uptrend line, support is expected at $ 0.171, $ 0.16 and $ 0.147.
On the other hand, if they can rebound from here, the resistance is at $ 0.191, $ 0.20 and $ 0.21 (100 EMA days). Above that, additional resistance is found at $ 0.217 and $ 0.24 (200 EMA days).
Against Bitcoin, XRP rebounded from the support of 0.5 F retracement at 2620 SAT. It continued to climb to 2750 SAT, but failed to overcome the resistance provided here by a 100-day EMA and a downward trend line.
From below, the first level of support is at 2710 SAT. Below, the support is located at 2680 SAT (.382 Fib Retracement), 2650 SAT, 2620 SAT (.5 Fib Retracement) and 2560 SAT.
Alternatively, if the bulls can break the EMA at 100 days, the resistance is at 2800 SAT, 2850 SAT and 2900 SAT.
WAVES has seen a sharp 8.5% price increase over the past week, with the cryptocurrency exceeding $ 1.05. It is still trapped in a rising price channel and must break it for a strong bullish wave to form.
From above, the first level of resistance beyond the channel is at $ 1.10 (200-day EMA. Above that, the resistance is at $ 1.15 (bearish Fib retracement .5), $ 1.30 (Fib .618 bearish retracement) and $ 1.40.
Below, the first level of support is $ 1.00. Below, the support is located at $ 0.95, $ 0.90, then at the lower limit of the price channel.
Against Bitcoin, WAVES also performed relatively well. The cryptocurrency dropped to 13,500 SAT during the week, but has since rebounded to reach the current level of 15,200 SAT, exceeding the EMA by 200 days. It still needs to close above 17,000 SAT for an uptrend to form.
From above, the first level of high resistance is at 16,000 SAT. Above that, resistance is at 17,000 SAT, 18,000 SAT and 18,780 SAT.
Alternatively, if the sellers are pushing lower, the support is at 14,000 SAT (200 EMA days). Below, support is at 13,000 SAT (100 days EMA), 12,700 SAT (0.618 Fib Retracement) and 12,000 SAT.
Matic fell 12% today. However, it had increased 24% over the week to a high of $ 0.014. This brings the total price increase over 7 days to a small 4%, as it is now trading at $ 0.0119.
If buyers can regain control and push higher, the first resistance level is $ 0.14. Above that, the resistance is at $ 0.15 (100 EMA days), $ 0.18 and $ 0.20.
On the other hand, the first level of support is in the upward trend line of support. Below $ 0.12, additional support is at $ 0.01, $ 0.008 and $ 0.006.
Against Bitcoin, MATIC developed a solid level of support in the 160 SAT price range in the last 2 weeks of March 2020. It continued to climb from here this week to reach 192 SAT but has since dropped to 176 SAT.
From below, the first level of support is 165 SAT. Below, the support is located at 160 SAT, 150SAT and 140 SAT.
On the other hand, if buyers can break 192 SAT, the resistance is 200 SAT (100 days and 200 days EMA). Above that, additional resistance is located at 231 SAT and 251 SAT.
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