BTC, ETH, XRP, ADA, EOS, XTZ, AVAX: Technical Evaluation for March 17, 2021


The Bitcoin (BTC) worth has bounced at an ascending assist line which coincides with a horizontal assist space.

Ethereum (ETH) was briefly rejected beneath $2,000 however is predicted to seek out assist close to $1,700.

XRP (XRP) is buying and selling in a variety between $0.36-$0.63.

Cardano (ADA) has returned with the intention to validate the earlier all-time excessive resistance at $1 and bounced after. 

EOS (EOS) is buying and selling inside a parallel ascending channel.

After reaching a brand new all-time excessive worth on Feb. 14, Tezos (XTZ) dropped beneath the earlier all-time excessive resistance space. This stage was anticipated to behave as assist.

Avalanche (AVAX) has bounced on the $25 assist space.

Bitcoin (BTC)

BTC has been following an ascending assist line because the starting of March.

After reaching an all-time excessive worth of $61,844 on March 13, BTC started a downward transfer. The drop took it again to the assist line, which additionally coincides with the $54,550 horizontal assist space.

BTC has begun a bounce, which is supported by the bullish reversal within the short-term MACD. Regardless of the return to this assist line, the development is taken into account bullish so long as BTC doesn’t shut beneath it.

BTC Chart By TradingView

Ethereum (ETH)

Just like BTC, ETH has been rising since Feb. 28. To date, it has managed to achieve a excessive of $1,944.60 on March 13.

Whereas ETH has dropped barely since then, the lower doesn’t look impulsive. 

Moreover, it’s nonetheless buying and selling above the 0.382 Fib retracement stage at $1,696. 

The MACD has turned bullish and the RSI is predicted to comply with go well with quickly. 

Due to this fact, ETH is predicted to bounce at this assist space and proceed larger.

If it reaches a brand new all-time excessive, the subsequent resistance space could be discovered at $2,500.

 

ETH Chart By TradingView

XRP (XRP)

XRP has been transferring downwards because it reached a excessive of $0.65 on Feb. 22. 

The drop took it to the $0.36 assist space the subsequent day, and XRP started the present bounce. 

Regardless of the rise, XRP remains to be caught contained in the $0.36-$0.63 vary. 

Moreover, technical indicators are impartial. 

Due to this fact, till XRP breaks out or down from this vary, the route of the development is undetermined.

XRP Chart By TradingView

Cardano (ADA)

ADA has been transferring downwards since reaching an all-time excessive worth of $1.54 on Feb. 27.

The drop has taken it to the earlier all-time excessive resistance space of $1. Due to this fact, the present lower seems to be like a bullish retest.  After testing the extent, ADA started a bounce which remains to be ongoing. To date, it has reached a excessive of $1.32.

The rise can be supported by the hidden bullish divergence within the RSI.  Moreover, the MACD and Stochastic oscillator are rising. These readings counsel that the long-term development is bullish. 

Due to this fact, ADA is predicted to progressively enhance and ultimately attain a brand new all-time excessive worth.

ADA Chart By TradingView

EOS (EOS)

EOS has been rising since reaching a low on Feb. 23. Nevertheless, the rise has taken the form of a parallel ascending channel, which is usually corrective. 

Technical indicators are impartial, failing to verify the route of the development. 

Due to this fact, it’s seemingly that EOS breaks down from this channel and will doubtlessly drop again to the $3.10 assist space.

EOS Chart By TradingView

Tezos (XTZ)

XTZ reached a brand new all-time excessive worth of $5.64 on Feb 14. It decreased instantly after. This transfer has acted to validate the earlier all-time excessive resistance at $4.40 as assist. 

Nevertheless, XTZ broke down as an alternative and has now validated the realm as resistance. 

Technical indicators are comparatively impartial. Whereas the Stochastic oscillator and MACD are partly bullish, the RSI is partly bearish. 

XTZ remains to be following an ascending assist line. Whether or not it breaks down from this line or reclaims the $4.50 stage will seemingly decide the route of the development.

XTZ Chart By TradingView

Avalanche (AVAX)

AVAX has been transferring downwards since reaching an all-time excessive of $60.35 on Feb. 10. The drop has taken it to the 0.618 Fib assist at $25, the place AVAX has bounced.

Each the Stochastic Oscillator and MACD have turned bullish, supporting the continuation of the upward motion.

The 2 closest resistance areas are discovered at $36.70 and $45.70.

AVAX Chart By TradingView

For BeInCrypto’s newest Bitcoin (BTC) evaluation, click on right here.

Disclaimer


All the data contained on our web site is printed in good religion and for basic info functions solely. Any motion the reader takes upon the data discovered on our web site is strictly at their very own threat.



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