Penis that are ready to jump; 5 Digital Currencies to Check This Week

If Bitcoin rises above the current level, in the short term it can increase the price of Metic, Nir, Atom and Helium instruments.

The price of Bitcoin could stay above $ 50,000 on Christmas Day. However, on Sunday (January 26), as the selling pressure increased, the price fell again. One of the possible reasons for the fall in the price of Bitcoin is the increase in inflows to the Bainance exchange.

Although Bitcoin has almost broken the PlanB price forecast model and is unlikely to reach $ 135,000 by the end of December, it still has a bullish outlook on Bitcoin. The creator of the “Stock to Flow” model has acknowledged that bitcoin remains within the standard deviation of this model, which still maintains the $ 135,000 price forecast in this cycle of Howing.

Several asset managers have added Bitcoin to their portfolio in 2021; But Lord Hammond, the former head of the British Treasury, warned micro-investors this week to be “very careful” when investing in digital currencies.

Let’s chart the top 5 digital currencies that may improve in the next few days Let’s examine the areas of digital currencies that lead.

Bitcoin (BTC)

Bitcoin broke the 20-day moving average on Thursday (January 2) at $ 49,832 (EMA 20 – blue line in the picture); But the price reversal was met with resistance at the 38.2% Fibonacci level at $ 52,314. This indicates that the bears (sellers) have not yet surrendered and are selling their assets in rallies.

On Friday (December 3rd), the price of Bitcoin formed a Dodge Kendall pattern, indicating a lack of uncertainty between buyers and sellers. This uncertainty led to the price falling below the 20-day moving average on the next day (Saturday, January 25).

The Relative Strength Index (RSI) is just below the midpoint, and the 20-day moving average is moving horizontally, indicating a balance between supply and demand. If the price moves up from the current level and breaks the resistance level at $ 52,314, it can be said that the sentiment is positive and traders see this price drop as an opportunity to buy. In this case, the Bitcoin / Tetra pair (BTC / USDT) could rise to the 50% Fibonacci retracement level of $ 55,500 and then the 61.8% Fibonacci retracement level to the $ 58,686 level.

Conversely, if the bears manage to bring the price below the 20-day moving average, the pair could move up to the 200-day moving average at $ 47,569 (MA 200 – red line in the picture) and then the support level of 45,456 The dollar will fall. If this support level is broken, the price of Bitcoin could open the door for a possible drop in the price to the level of $ 42,000.

This pair is trying to form a Cup & Handle pattern. This pattern completes in the event of a breakout and closing above the resistance level of $ 51,936.33. The uptrend is ruled out if the price falls below the current level and falls below $ 49,600, which may push the price to the level of $ 47,920.42. If this support is broken, it is likely to continue the downward trend to the level of $ 45,558.85.

MATIC

Polygon Price (MATIC) is in a strong uptrend. Although the bears raised a strong resistance level at $ 2.70, buyers did not give up and today were able to push the price to a new historic high.

If the bulls are able to stabilize the price above the level of $ 2.70, the MATIC / USDT pair can start the next step of its uptrend. The pair can initially rise to the resistance level of $ 3.41 and if it breaks above this level, it can continue its upward movement to the level of $ 5 psychological resistance.

The uptrend of the 20-day moving average at $ 2.30 (EMA 20 – blue line in the picture) and the relative strength index (RSI) in the positive area indicate that the cows are in control. If the price turns downwards and breaks the 20-day moving average upside down, it indicates that the current upward failure was a “bull trap”. In this case, the price can be reduced to the support level of $ 2 and then the level of $ 1.73.

The cows finally overcame the resistance level after three attempts to break the $ 2.70 resistance level and stabilize above it. However, the bears are unlikely to give up so easily and will try again to stop the price from moving above the resistance channel’s resistance level.

If the price moves down from its current level and falls below the 20-day moving average, we may see the price fall to the level of $ 2.42. The $ 2.42 level is a key support level for cows; Because if this level is broken, the price can fall to the simple 200-day moving average (MA 200 – red line in the picture).

Contrary to the above hypothesis, if the cows succeed in raising the price above the ceiling of the uptrend channel and stabilizing there, the uptrend of the price can continue.

NEAR

The NEAR price was able to accelerate its uptrend after breaking up the Falling Wedge pattern on Thursday (January 2nd). This pushed the price above the strong resistance level of $ 13.23, which indicates the resumption of the uptrend.

The bears, on the other hand, do not allow the cows to continue their uptrend and are strongly defending the $ 16 resistance level. The NEAR / USDT price on Saturday (January 25) formed an Inside Bar pattern, indicating skepticism between buyers and sellers.

If the support breaks the price below $ 14, the pair could fall to the support level of $ 13.23 and then the 20-day moving average at $ 11.11 (EMA 20 – blue line in the picture). In case of falling to these levels and reviving the price, it can be argued that positive emotions remain and buyers enter the price floor.

If the cows manage to push the price above $ 15.93, this pair can rise to the level of $ 17.95. This view will be dispelled if the bears can bring the price below the 20-day moving average and stabilize there.

The pair chart in 4-hour timeframe shows that the price is strengthening between $ 14.20 and $ 15.93, which is a positive sign. Also, the 20-day moving average has an upward slope and the relative strength index is in the positive area, indicating that the hand is higher than that of the cows.

The pair could resume its uptrend if the price manages to push the price above the $ 15.93 level. On the other hand, if the price breaks the 20-day moving average, it could fall to the support level of $ 13.23. This level is considered a key support level and if it is lost, the price can fall to the level of $ 11.50.

Atom

The price of Kazmas (ATOM) on Saturday (January 25) managed to break the ceiling of its downtrend channel and stabilize there, which indicates that the downtrend may be over.

The 20-day moving average has started to climb at $ 25.91 (EMA 20 – blue line in the picture) and the relative strength index (RSI) has reached the positive area, which indicates that the hand is higher than those cows. If buyers succeed in stabilizing the price above the channel, the ATOM / USDT pair could rise to the level of $ 33.60 and then $ 38.

If the price moves down from the current level or the resistance level ahead and breaks the 20-day moving average downwards, it indicates that traders in the rallies are reducing their long positions or selling their assets. In this case, the price can fall to the simple 200-day moving average at $ 24.12 (MA 200 – red line in the picture).

The 4-hour chart shows that the pair has accelerated its uptrend after a breakout and closing above the 200-day moving average. The bears tried to stop the price from moving up to the level of $ 30; But the cows successfully defended the 20-day moving average.

This shows that the emotions have become positive and buyers are entering the price floor. The price can continue its rally to the resistance zone between $ 33.60 to $ 34.15, where it will face strong resistance from the bears.

If the price turns downwards and breaks the 20-day moving average downwards, it can be argued that supply has outstripped demand. This could open the door for a possible price drop to $ 26.37 and then a simple 200-day moving average.

Helium (HNT)

Helium (HNT) prices revived from the strong support level of $ 25 on Thursday (December 16) and managed to break the 20-day moving average at $ 35.38 (EMA 20 – blue line in the picture). On Thursday (December 2nd), the bears tried to bring the price below the 20-day moving average; But the cows bought in the fall and extended the price return to the level of 43.40.

The Bears are defending the resistance area, which is between the 50% Fibonacci retracement level at $ 42.14 and the 61.8% Fibonacci retracement level at $ 46.18. This has brought the price back to the 20-day moving average, which is considered an important support level and should be monitored.

If the price recovers from the current level, buyers will try to push the price of the Helium / Tetra (HNT / USDT) pair to the top of the resistance. If they succeed, the price of this pair could rise to the level of $ 51.94.

Conversely, if the bears can lower the price and bring it below the 20-day moving average, the pair could fall to the level of $ 29.94. If this support level is broken, the price may fall to the $ 25 level.

The Bears are defending the resistance level at $ 42. Although the cows pushed the price above this resistance level, they failed to stabilize the price at higher levels. The horizontal slope of the 20-day moving average and the relative strength index close to the midpoint indicate a balance between supply and demand.

If the bear falls and pulls below the simple 200-day moving average, the price correction may deepen, pushing the price down to $ 30. On the other hand, the upward failure and the closing of the price above this level indicate the resumption of the uptrend.