) has been range-bound for several days, indicating a tussle between the bulls and the bears for supremacy. Trading firm Mosaic Asset believes that “loosening financial conditions” could boost a risk-on trade, and Bitcoin could be on the
Instead, if the ETH/USDT pair turns down and breaks below $3,730, it will suggest that the positive momentum has weakened. The advantage will tilt in favor of the bears if they yank the price below the 20-day EMA.If the price rebounds off the uptrend line with force, the bulls will again try to push the BNB/USDT pair to the overhead resistance at $635. If this level is scaled, the pair will complete an ascending triangle pattern. This bullish setup has a pattern target of $775.
Conversely, if the price continues lower and breaks below the support line, it will suggest that the bulls have given up. The pair may then plunge to the critical support at $0.46.If the price skids below the 50-day SMA , the DOGE/USDT pair could decline to $0.14. This level may act as a floor, but if broken, the slide could extend to the crucial support at $0.12.
Conversely, if the price continues lower and breaks below the support line, it will signal that the bears are attempting a comeback. The pair may then slump to $0.000018, where the buyers are likely to step in.) continued lower and reached the support line of the symmetrical triangle pattern. The bulls are expected to defend the level aggressively.
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Source: FXStreetNews - 🏆 14. / 72 Read more »