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Price analysis 10/15: BTC, ETH, BNB, ADA, XRP, SOL, DOT, DOGE, LUNA, UNI - Cointelegraph

Price analysis 10/15: BTC, ETH, BNB, ADA, XRP, SOL, DOT, DOGE, LUNA, UNI - Cointelegraph

Price analysis 10/15: BTC, ETH, BNB, ADA, XRP, SOL, DOT, DOGE, LUNA, UNI - Cointelegraph
Oct 16, 2021 1 min, 57 secs

The 20-day exponential moving average ($52,868) is sloping up and the relative strength index (RSI) is in the overbought zone, suggesting that bulls are in control.

If the BTC/USDT pair turns down from this resistance, the first support to watch on the downside is the 20-day EMA.

Both moving averages are sloping up and the RSI has broken above the downtrend line, suggesting that bulls are back in control.

The pair could then drop to the moving averages.

The bears will have to pull and sustain the BNB/USDT pair below the moving averages to weaken the bullish momentum.

If the price turns down from the current level and breaks below $2.07, the ADA/USDT pair could drop to $2 and next to $1.87.

A breach below this important level may pull the pair down to the pattern target of $1.63.

Alternatively, if bulls push and sustain the price above the 20-day EMA, the pair could rise to the resistance line of the triangle.

XRP has been holding above the 20-day EMA ($1.08) for the past few days but the bulls have not been able to push the price to the overhead resistance at $1.24.

If the price turns down and breaks below the 20-day EMA, the XRP/USDT pair could drop to $1.

This level may act as stiff resistance but if bulls overcome this hurdle, the pair may rally to $200 and then retest the all-time high at $216.

If bulls drive the price above $43.22, the DOT/USDT pair could retest the all-time high at $49.78.

If the price turns down from the current level and breaks below $38.77, the pair could drop to the 20-day EMA ($34.84).

Alternatively, if bears sink the price below the moving averages, the pair could drop to $25.50.

If the price turns up from the current level, the bulls will try to push the price to the downtrend line.

Terra protocol’s LUNA token is finding support at the 50-day SMA ($36.24) for the past three days but the bulls have not been able to drive the price above the 20-day EMA ($38.86).

Conversely, if bulls drive the price above the 20-day EMA, the LUNA/USDT pair could pick up momentum and advance to $45.01 where bears may again try to mount a stiff resistance.

If the price rebounds off the moving averages, the bulls will make one more attempt to propel the UNI/USDT pair above the neckline.

Summarized by 365NEWSX ROBOTS

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