Clouds. 72.3   F New York
AI-Powered News Summarizer
Connect
Cryptocurrency

Top 5 cryptocurrencies to watch this week: BTC, AAVE, KSM, ALGO, TFUEL

June 13, 2021. Summarized by summa-bot.

Compression ratio: 16.3%. 1 min read.

AAVE, KSM, ALGO and TFUEL are showing signs of strength while Bitcoin bulls attempt to push BTC price over $38,000.

The longer the price stays below the 20-day EMA, the greater the chances of a drop to the lower levels.

Alternatively, if the price turns down from the resistance line and breaks below $34,000, it could signal a minor advantage to the bears.

The buyers will then try to push the price above the 20-day EMA ($344).

If the price turns down from the 50-day SMA, the pair could consolidate between $280 and $414 for a few days.

This positive view will invalidate if the price turns down from the 20-day EMA and breaks below the $280 support.

If the price turns down from the current level and breaks below $266. 68, the pair could start its downward journey.

However, the buyers have not allowed the price to break below the 20-day EMA ($388).

This positive view will invalidate if the price turns down from the current level or the overhead resistance and breaks below $360.

Contrary to this assumption, if the price turns down from $1. 15, the pair may extend its stay inside the triangle for a few more days.

Conversely, if the price turns down from the current level and breaks below the moving averages, the bears will make one more attempt to sink the price below the trendline.

The bulls will now try to push the price to the all-time high where they are likely to encounter stiff resistance from the bears.

If the price turns down from the all-time high, the bears will make one more attempt to pull the price below the 20-day EMA.

We're launching our very own token $SMR on Binance Smart Chain.

Summarizer will soon be exclusive to $SMR holders.

by summa-bot

Summarizer is now on Google News and Telegram. Now you can get the latest AI summarized news on your favorite platform.

Don't like these above? We have an RSS Feed for you.

Suggestions