- Bitcoin’s price is triangular because the bear rejected the auction at a price level of $ 20,000.
- Ethereum prices have witnessed historically low gas prices, fueling an underlying bullish sentiment not yet technically seen.
- Ripple prices have been denied admission in the mid- $ 0.35 range, preparing for a sharp move.
The crypto market is at the point of success or failure. To track future direction bias, we have defined the key price levels below.
Bitcoin prices are crossing investors’ fingers
Bitcoin prices at the time of writing are trading at $ 19,440, as bears are restraining peer-to-peer digital currencies on 4-hour charts. Sustainable pre- and post-price behavior witnessed to begin in July has developed a coiled pattern that can keep long-term investors away from jumping in until a decisive breach occurs.
Still, the market leaves opportunities for those who are actively involved. Crypto Analyst @Ali_Charts predicts potential sell signals during Asian trading sessions and if BTC price fails to overcome the 20,800 barrier, Bitcoin price will be “easily modified to $ 19,720 or even $ 19,500″ Trigger. ” On July 5, 2022, the ant’s one-to-one trading setting was fully validated as the bear bent a large bearish swallowing candlestick on the 12-hour chart.
Bitcoin prices are still within a pattern like coiling and need to be carefully observed to participate in the next directional move. Violations under $ 18,635 can be straw that breaks the camel’s back. Bears are more likely to hold their shorts until their goal is $ 15,500, and in some cases $ 14,700.
On the contrary, a decisive closing price above $ 20,800 could solve the integration pattern in a bullish rally targeting $ 23,000, potentially $ 24,700, up 20% from the current Bitcoin price.
BTC / USDT 12 hour chart
Ethereum prices are approaching board cuts
Ethereum prices are below the expected 200-week moving average of $ 1,200. On July 5, Ethereum’s price remained at $ 1,085 as the bear tried to maximize its front-run goal and break liquidity below $ 1,000. The sale will take place at an interesting time as decentralized smart contract tokens have witnessed the lowest gas prices in the last two years. If contrarian market conditions continue, the $ 980 price level is a target that is likely to expect a bullish fight.
Trading with a narrow range of integration is by no means an easy task. Breakout traders can be left behind until they enter the market with a breach of over $ 1,200. If this event occurs, the Bulls could aim for $ 1,500 in the short term, and in some cases $ 1,650.
For those who are willing to catch knives, opportunities can emerge at the $ 935- $ 950 level in the coming days. Keep in mind that invalidating the initial bullish outlook is a breach of less than $ 810. The $ 810 invalidation level provides room to wiggle the $ 879.80 low under the June 18 swing for smart money liquidity grabs. If the bulls could exceed $ 810, they are expected to sell out to $ 775 and $ 730, down to up to 30% from current Ethereum prices.
ETH / USDT 4 hour chart
Ripple prices are dull and bloody
The Ripple price is currently trading at $ 0.31 as the bear rejected the auction in the mid- $ 0.35 area. Ripple is currently facing a serious problem as its 8-day and 21-day moving averages are slightly above current market value and created a death cross during the night session in Asia.
The resolution of the two conflicting moving averages could awaken sleeping breakout traders and trigger a break in June’s monthly low of $ 0.29. If the latter is defeated, a further sale of up to $ 0.25 and possibly $ 0.21 is expected, with a reduction of up to 30%. However, it is not advisable to enter the market as an early bear, as the Relative Strength Index maintains the current XRP price at $ 0.31 within the bullish territory of the 4-hour chart.
The bearish treatise invalidation is a decisive closing price above $ 0.34. The above price behavior could trigger buyers’ enthusiasm for a short-term target of $ 0.39, up 24% from the current XRP price.
XRP / USDT 4 hour chart