Price analysis 2/18: BTC, ETH, BNB, XRP, ADA, SOL, AVAX, LUNA, DOGE, DOT

) turned down from close to the neckline of the developing inverse head and shoulders pattern on Feb. 16. This suggests that bears are trying their best to invalidate the possible reversal setup.The ETH/USDT pair could now drop to the strong support at $2,652. This is an important level for the bulls to defend because a break below it could open the doors for a further downside to $3,476.

Contrary to this assumption, if the price rebounds off the current level, the bulls will again attempt to push and sustain the price above the neckline. If that happens, it will suggest the start of a new up-move. However, the prospects of such a move look bleak at the moment.turned down from the 50-day simple moving average on Feb. 16 and broke below the 20-day EMA on Feb. 17.The BNB/USDT pair has been consolidating between $390.50 and $445.40 for the past few days.

This balance will tilt in favor of the bears if the price breaks and sustains below $390.50. That could open the doors for a possible drop to $357.40. Conversely, a break and close above $445.40 could open the doors for a possible rally to $500. Until then, the range-bound action is likely to continue.

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