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Price analysis 7/21: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC

July 21, 2021. Summarized by summa-bot.

Compression ratio: 18.2%. 2 min read.

The strong recovery in Bitcoin and altcoins shows there is aggressive buying at lower levels but bears are unlikely to give up without a fight.

If the price turns down from this resistance, the sellers will again try to sink the BTC/USDT pair below the critical support at $28,000.

If bulls drive the price above the 20-day EMA, the ADA/USDT pair could rise to the 50-day SMA.

Conversely, if the price turns down from the 20-day EMA, the bears will again try to sink the pair below $1.

If the price turns down from this resistance, the DOGE/USDT pair could again drop to $0. 15 and remain range-bound for a few days.

If the price turns down from this resistance, bears will again attempt to sink the DOT/USDT pair below $10.

Contrary to this assumption, if bulls push the price above the 20-day EMA, the pair could move up to the 50-day SMA ($17. 82).

If the price turns down from this resistance, the bears may fancy their chances and will again try to sink the UNI/USDT pair below $13.

Conversely, if bulls propel the price above the 20-day EMA, the pair may reach the downtrend line.

If the price turns down from the 20-day EMA, the sellers will make one more attempt to sink the BCH/USDT pair below $370.

On the other hand, if bulls thrust the price above the 20-day EMA, the pair may rally to the overhead resistance at $538. 11.

On the contrary, if bulls push and sustain the price above $118, the pair could climb up to the 20-day EMA ($127) where bears may again try to stall the relief rally.

If they succeed, the pair could again turn down but if bulls drive the price above the 20-day EMA, a rally to the 50-day SMA ($145) is possible.

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by summa-bot

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