Home Forums Technical analysis of cryptocurrencies My analyse for 21st of October !

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    Hello. I would like to put my little analyse here for forum member!

    The largest crypt site recorded an increase in the last week after four consecutive failures. The last week ended with a 5% increase, although it was not possible to close more than $8500, but the decline was slowed down. What is blocking the course from the top is a 200-session moving average and only when it is overcome will it open the way to the north, as it was in April this year. So far, there is still pressure on lower prices, including the support test at 7500 USD and 61.8% of the total W1 pulse at nearly 7300 USD. To sum up, there are positive trends for bitcoin, but one spring swallow does not make and should wait at least for a higher closing this week.

    BAT (Basic Attention Token)
    The stock market at Binance is doing well and has been growing for the past three weeks. The last candle “added” 11 percent to the capitalization of this token, which is in the top30. However, the higher the interval, the higher the interval, the higher the interval, the higher the interval, the higher the interval, the higher the interval and the higher the interval. Such upward signals have certainly not escaped the attention of large investors who see it from this perspective. It is worth observing whether and how the price will return to the box and whether there will be a demand. In a positive BAT scenario, the price should go in the direction of 0.300 or even 0.3500.

    This token, for a change, had a weaker last week and fell by a symbolic one percent, most of the slip occurred at the beginning of the week. The following days were the days of making up for losses. Today, buyers have taken matters into their own hands, resulting in a more than 10% strengthening. The “inside bar” created on the chart should only be a stop in the further northwards movement. Technically, the course is prepared for a new wave of growth and the nearest stop, apart from the last mini peak, is around 3.5 dollars. The RSI oscillator has remained above 50pts and now also benefits from the upward trend, which is confirmed by the positive layout of the chart. Bottom out of IB formation is, of course, a chance to deepen the discount, then the scenarios should be reviewed again.

    #924 Reply

    THanks. Nice information!

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