Avalanche (AVAX) reached an all-time excessive worth on Sept 19.
Compound (COMP) is buying and selling inside a descending parallel channel.
Axie Infinity (AXS) is following a descending resistance line.
BTC broke down beneath the $44,000 horizontal space on Sept 20 and reached a low of $39,573 the subsequent day.
Nevertheless, it has bounced since and is within the strategy of validating the 0.5 Fib retracement assist stage at $40,800 as assist. A day by day shut above this space can be required so as to take action.
Regardless of the continuing bounce, technical indicators are bearish. Each the MACD and RSI are falling and the Supertrend line is bearish.
Moreover the $40,800 space, there’s stronger assist at $38,000. That is each a horizontal assist space and the 0.618 Fib retracement assist stage.
ETH has been falling since reaching a excessive of $4,027 on Sept 3. The lower initially accelerated on Sept 7, and after a short corrective bounce, it resumed on Sept 16.
On Sept 21, ETH reached a low of $2,652. The low was made proper on the 0.618 Fib retracement stage (white) and gave waves A:C a 1:1 ratio. Lowering since Sept 3 after it reached a excessive of $4,027. The lower seems to have taken the form of a descending, parallel channel.
On Sept 21, ETH reached a low of $2,807 and bounced, creating an extended decrease wick. The low was made proper on the 0.5 Fib retracement assist stage (white). Moreover, it gave waves A:C an precisely 1:1 ratio.
Subsequently, it’s potential that the token has reached it’s low.
XRP has been falling because it reached a excessive of $1.41 on Sept 6. On Sept 19, it broke down beneath the $1.05 horizontal space which had been appearing as assist since Aug 16.
On Sept 22, XRP bounced after touching a descending assist line. The road additionally coincided with the 0.618 Fib retracement assist stage. Along with this, the RSI has generated bullish divergence and the MACD has made one larger momentum bar.
Nevertheless, the $1.05 space is now anticipated to behave as resistance, and till that’s reclaimed, the development can’t be thought-about bullish.
ZEC has been lowering since Sept 6. Equally to XRP, it’s following a descending assist line, which it validated on Sept 21 (inexperienced icon).
The road additionally coincided with the $105 horizontal assist space.
Nevertheless, technical indicators within the day by day timeframe are nonetheless bearish, since each the RSI and MACD are lowering.
On Sept 19, AVAX reached a brand new all-time excessive worth of $76.19. The excessive was made proper on the 1.61 exterior Fib retracement resistance stage when measuring the latest drop.
After each the RSI and MACD generated bearish divergence, the token dropped in the direction of $60. On Sept 21, it validated the earlier all-time excessive stage of $59 as assist.
So long as it managed to carry on above this stage, the development may be thought-about bullish. The following resistance is at $102.
COMP has been shifting downwards since July 6. On Sept 6, it created a decrease excessive and resumed its downwards motion at an accelerated price. This led to a low of $301 on Sept 21.
The low was made proper on the assist line of the descending channel and the $300 horizontal assist space. Along with this, it gave waves A:C an precisely 1:1 ratio.
Subsequently, it’s potential that the correction is full and COMP will now transfer upwards.
AXS has been following a descending resistance line since Sept 4. This led to a low of $48.1 on Sept 21.
Afterwards, it bounced sharply and is now within the strategy of breaking out from this descending resistance line. The upward motion was preceded by bullish divergence within the RSI.
The road additionally coincides with the $62.50 horizontal resistance space. If AXS manages to clear this horizontal and diagonal resistance, it will mean that the low is in. In that case, the subsequent resistance can be at $77.
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