These 3 Coins Have Broken Out Above Crucial Moving Averages

These 3 Coins Have Broken Out Above Crucial Moving Averages
фото показано с : beincrypto.com

2020-5-14 22:15

Over the past five days, Ziliqa (ZIL) has increased by 50%. This upward move began as soon as the price moved above its 200-day moving average (MA).

The 200-day MA often acts as support/resistance, depending on if the price is trading above or below it. Several other altcoins have recently moved above their respective MAs, one of which is Cardano (ADA).

Well-known crypto trader @CryptoMichNL tweeted an ADA chart that shows that the price has bounced above a strong support area. He has outlined several resistance levels above the current price, the highest of which would amount to a 100% increase from the current price.

Source : Twitter

Furthermore, he stated that similar movements have transpired in the price of Stellar (XLM) and ZIL:

$ADA #CARDANO A similar one to $ZIL and $XLM. However, lagging behind a little. The 100/200-MA on the daily are coming in to play and that’s an important factor to watch for altcoins. Providing support and range high can be tested. Breaking above 615/680 -> 1000 sats next.

In this article, we will look at the price movement for all three of ADA, XLM and ZIL and determine the similarities between the movement of the three coins.

Cardano (ADA)

The ADA price has increased above and then validated the 540 satoshi level as support. The level also coincided with the 200-day moving average (MA) and an ascending support line that the price had been following for about a month, making it a very significant support level.

As for the future movement, if ADA break out above the resistance line it has been following (dashed), it is likely to continue its upward movement towards the next resistance area at 690 satoshis.

ADA Chart By Trading View Stellar (XLM)

The main support area for XLM is found at 730 satoshis. The price finally validated it as support on May 11 and began to move upwards. This support level is also strengthened by the presence of the 200-day moving average (MA).

Furthermore, XLM has also broken out from a long-term descending resistance line, below which it had been trading since July 2019. This is a sign that the price has completed its correction and will begin to move upward. The closest resistance area is found at 910 satoshis.

XLM Chart By Trading View Ziliqa (ZIL)

Unlike the other two coins, ZIL has yet to flip its main resistance level as support. In the case of ZIL, this resistance is found at 95 satoshis. While at the time of writing the price was trading above it, it has yet to reach a daily close higher than 95 satoshis. Therefore, the possibility that the price will create a long upper wick and decrease remains.

However, ZIL has been increasing at an accelerated rate since it flipped its 200-day MA as support, a sign that the trend is strong.

ZIL Chart By Trading View

If the price successfully reaches a close above this area, the next resistance level would be found at 160 satoshis.

The post These 3 Coins Have Broken Out Above Crucial Moving Averages appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Moving Cloud Coin (MCC) на Currencies.ru

$ 7.69E-5 (-0.86%)
Объем 24H $0
Изменеия 24h: 2.58 %, 7d: 13.77 %
Cегодня L: $7.69E-5 - H: $7.69E-5
Капитализация $0 Rank 3511
Цена в час новости $ 0.0001386 (-44.52%)

above moving 200-day price soon often moved

Источник: beincrypto.com

above moving → Результатов: 126


Фото:

It’s a Critical Moment for Bitcoin as Analysts Eye a Move to $14,000

Bitcoin saw some notable overnight volatility that caused it to post an upswing followed by a swift rejection, before once again climbing higher The benchmark cryptocurrency is now moving to test its next key resistance that sits at roughly $9,500 Analysts are now noting that a clean break throughout a heavy overhead supply region just above BTC’s current price could be just what it needs to make a move up to $14,000 Bitcoin’s intense uptrend […]

2020-5-7 21:00


Фото:

Bitcoin’s Breakout: New Upward Move or Retracement?

On April 29, the Bitcoin (BTC) price broke out from a short-term ascending channel that had been in place for the past five days. The price reached a high of $7966 before decreasing slightly. Bitcoin’s Breakout After five unsuccessful attempts at moving above the resistance line, the Bitcoin price finally managed to move above it […] The post Bitcoin’s Breakout: New Upward Move or Retracement? appeared first on BeInCrypto.

2020-4-29 14:58


Фото:

Bitcoin Could Soon Break its 200-Day MA, Triggering Next Uptrend

Bitcoin has been able to once again push into the upper-$7,000 region after facing multiple rejections here throughout the past few days The cryptocurrency is pushing up against its 200-day moving average – a key trend-determining level A break above this 200-day MA could spark a major upside movement, with some analysts thinking this is imminent After facing multiple harsh rejections within the upper-$7,000 region throughout the past couple of days, Bitcoin has been able […]

2020-4-28 21:00


Фото:

Is Bitcoin Moving in an Ascending Triangle or Wedge?

On April 2, the Bitcoin price initiated a very swift upward move, rallying from a low of $6,551 to a high of $7,194. While initially, it seemed that this movement would cause a breakout above the current pattern, the higher prices could not be sustained and BTC reached a close of $6,794, slightly below the […] The post Is Bitcoin Moving in an Ascending Triangle or Wedge? appeared first on BeInCrypto.

2020-4-3 13:45


Фото:

Here’s Why Bitcoin Could Rip to the Upside, Moving Past $8,000

Over the past few hours, Bitcoin has mounted a comeback; after falling as low as $7,590 in step with a similar drop in the price of equities, the cryptocurrency surged towards $7,900. While some say this is just volatility, there is purportedly evidence that an uptrend is forming, one that could take BTC above $8,000, then potentially higher to recover some of the strong losses the asset incurred at the start of the week.

2020-3-12 01:48


This weird Bitcoin pattern suggests Wednesday’s 10% dump may precede a massive surge

Over the past few days, all anyone could talk about on Crypto Twitter was the golden cross that had formed on Bitcoin’s one-day chart. For those unaware, a traditional golden cross in technical analysis is when an asset’s 50-day simple moving average crosses above its 200-day moving average, suggesting that a decisive bull trend is […] The post This weird Bitcoin pattern suggests Wednesday’s 10% dump may precede a massive surge appeared first on CryptoSlate.

2020-2-20 12:00


Bitcoin Back in a Bull Market, Trend Says Price Would Jump Above $17,500: Tom Lee

After becoming the best performing and the hottest asset of the decade, Bitcoin is up over 26% YTD and staying above $9,000 level. The world’s leading cryptocurrency is currently trading above its 200-day moving average which according to Bitcoin bull Tom Lee, the founder of independent research and advisory firm Fundstrat is a significant signal […]

2020-2-5 16:47


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

ZIL Team Addresses Transactions Stuck in Exchanges

Rejected transactions caused knock-on effects. The Zilliqa team tweeted the solution.   Mass rejection On Jan. 3, the Zilliqa team tweeted regarding technical problems on some exchanges. Withdrawals were impossible on some exchanges.

Will XVG’s Increase Mirror That of ZIL?

After breaking out from a long period of consolidation, ZIL increased by more than 400% in roughly a month. XVG’s recent price action suggests that it too could go on a similar run. Zilliqa (ZIL) In the period from April 30 to June 11, the ZIL price increased by 424%, reaching a high of 307 […] The post Will XVG’s Increase Mirror That of ZIL? appeared first on BeInCrypto.