Key points:
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Bitcoin rejection at $ 107,000 shows that sellers are active at higher levels, but recovery from the Low intraday shows solid purchases.
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The strategy and the metaplanet continue to accumulate bitcoin, adding regular purchase pressure at the price of the BTC.
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Select Altcoins have withdrawn, but they have not yet become negative.
Bitcoin’s attempt (BTC) to challenge the top of all time faced a strong rejection nearly $ 107,100 on May 19, pointing that the Bears gave up without fighting. However, the long tail on the candlestick shows solid purchases at lower levels.
Short -term uncertainty has not dissuaded long -term buyers from accumulating more bitcoin. The strategy, formerly Microstrategy, announced the purchase of 7,390 bitcoin for an average price of around $ 103,500, bringing its total maintenance to 576,230 bitcoin.
Likewise, the Japanese investment company Metaplanet said on May 19 that it had acquired 1,004 bitcoin, increasing its total to 7,800 bitcoin.
Although Bitcoin’s trend remains optimistic, a repeated failure to break above the resistance to general costs can try short-term traders to reserve profits. This increases the risk of a break below the psychological level of $ 100,000.
What are the crucial levels of support and resistance to monitor in Bitcoin et altcoins? Let’s analyze the graphics of the 10 best cryptocurrencies to discover it.
Price prediction of the S&P 500 index
The S&P 500 index (SPX) extended its move last week, indicating the continuous purchase by the Bulls.
The exponential mobile average at 20 days (5,712) and the relative resistance index (RSI) near the exaggerated area indicate an advantage for buyers, but the UP movement should face significant resistance in zone from 6,000 to 6,147.
If the price drops in the air area, the index could find a support at 5,800 and then to the 20 -day EMA. If the price bounces from the 20 -day EMA, the Bulls will again try to drive the index at the top of all time. The sellers will have to pull the price below the 20 -day EMA to break the bullish momentum.
Price prediction of the US dollar index
The emergency rally in the US dollar index (DXY) struck a wall with a simple 50 -day mobile average (101.67) on May 12, indicating that bears sell rallies.
The index is likely to find a support at 100.27. If the price bounces 100.27, the Bulls will try again to launch the index above the 50-day SMA. If they manage to do so, the index could gain momentum and a push around 103.54. Such a movement indicates that the corrective phase can be completed.
The sellers will keep the advantage if the price closes below the support of 100.27. This opens the doors for a retest of level 99.
Bitcoin price prediction
Bitcoin broke out above the resistance to general costs at $ 105,820 on May 18, but the Bulls could not support the momentum.
Sellers should fiercely defend the area between $ 107,000 and $ 109,588. The 20 -day EMA ($ 100,787) is the crucial support to be monitored when falling. A 20 -day EMA rebound suggests that positive feeling remains intact. The Bulls will try again to clear the air area. If they succeed, the BTC / USDT pair could soar around $ 130,000.
This positive point of view will be invalidated in the short term if the price continues to lower and breaks below the psychologically crucial support of $ 100,000. The pair could then fall from the 50 -day SMA ($ 91,916).
Ether price prediction
The 20 -day EMA ether (ETH) rebound ($ 2,288) on May 18, failed almost $ 2,600, reporting that the bears maintained the pressure.
The sellers tried to pull the price below the 20 -day EMA, but the long tail on the candlestick shows solid purchases at lower levels. The Bulls will try to give a boost above the resistance of $ 2,738, opening the doors for a gathering at $ 3,000. There is a minor resistance at $ 2,850, but it should be crossed.
Unlike a break and close below the 20 -day EMA inclined the advantage in favor of bears. The ETH / USDT pair could then fall to $ 2,111.
XRP price prediction
XRP (XRP) remains stuck inside the range from $ 2.65 to $ 2, indicating the purchase near the support and the sale near the resistance.
The XRP / USDT pair rebounded on the 20 -day EMA ($ 2.34) on May 17, but the Bulls faced sales at higher levels. If the price is supported below the 20 -day EMA, the pair could remain inside the range for a while. Prices’ action inside the beach should be random and volatile.
The next trend decision is expected to start more than $ 2.65 or less than $ 2. If buyers pierce the resistance of $ 2.65, the pair could travel at $ 3.
Price prediction BNB
BNB (BNB) rebounded on the 20 -day EMA ($ 635) on May 18, but the upper levels attracted the sale by the Bears.
The EMA at 20 days gradually progressive and the RSI on the positive territory indicate a light edge with the bulls. If the price increases and maintains more than $ 644, the Bulls will once again try to drive the BNB / USDT pair above $ 680. If they succeed, the pair can start walking north towards the resistance of the general costs of $ 745.
Unlike this hypothesis, a breakup and a closure below the 20 -day EMA opening the way for a drop in SMA of 50 days ($ 606) and later at $ 580.
Solana price prediction
Solana (soil) appeared at the 20-day EMA ($ 163) on May 17, but the Bulls could not push the price above the resistance of $ 180.
The sellers try to pull and keep the price below the 20 -day EMA. If they manage to do so, the floor / USDT pair could drop to $ 153 and, after that, at SMA of 50 days ($ 143). This indicates a possible action linked to the beach between $ 180 and $ 120 in the short term.
Bulls will have to propel the price higher at the level of $ 185 to regain control. The pair could then gain momentum and come together at $ 210 and thereafter at $ 220.
In relation: The XRP price risks drop to $ 2 after confirmation of the classic lower graphic model
Dogecoin price prediction
Buyers successfully defended the $ 0.21 escape level on May 17, but have trouble maintaining the rebound in Dogecoin (Doge).
Sellers will try to make a return by pulling the price below $ 0.21. If they do this, the Doge / USDT pair could slide towards the 50 -day SMA ($ 0.18). This reports possible training between $ 0.26 and $ 0.14.
Buyers will have to increase the price higher than the resistance by $ 0.26 to report the recovery of the recovery. There is a minor resistance at $ 0.30, but it is likely to be crossed. The pair can then rise to $ 0.35.
Cardano price prediction
Cardano (ADA) broke under the neckline of the inverted pattern of the head and shoulders, indicating that the bulls lose their grip.
The next support is at SMA of 50 days ($ 0.68). If the price appears compared to the 50-day SMA, the Bulls will try to push the ADA / USDT pair above the neckline. If they can remove it, the pair may retain the level of $ 0.86. A break and close above the resistance of $ 0.86 erases the path for a rally at $ 1.01.
Conversely, a break and a closure below the 50-day SMA suggests that the markets have rejected the break over the neck. This increases the risk of decline to $ 0.58.
SUD price prediction
The SUP (SUI) rebounds on the 20 -day EMA ($ 3.67) went from area from $ 3.90 to $ 4.25, indicating that bears are active at higher levels.
The decline could deepen if the price breaks and supports below the 20 -day EMA. If this happens, the SUI / USDT pair could slip at $ 3.12, then at SMA of 50 days ($ 2.97).
On the contrary, if the price comes from the 20 -day EMA and exceeds $ 3.90, it suggests a positive feeling. This improves the prospects for a break above $ 4.25. The pair could then reach $ 5. Sellers should fiercely defend the area between $ 5 and the top of all time of $ 5.37.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
