AVAX/USDT
Avalanche (AVAX) broke and closed above the downtrend line on Feb.16 but the bulls could not build upon this advantage. Strong selling by the bears at higher levels has pulled the price back below the downtrend line.
The bulls are attempting to defend the moving averages. If the price rebounds off the current level, the buyers will try to push and sustain the AVAX/USDT pair above the downtrend line and $98.77. Such a move will suggest a rally to $117.53.
Conversely, if the price breaks below the moving averages, the uptrend line will be tested. A break and close below this support could accelerate selling and the pair may drop to $76.14 followed by a decline to $65
Avalanche (AVAX) broke and closed above the downtrend line on Feb.16 but the bulls could not build upon this advantage. Strong selling by the bears at higher levels has pulled the price back below the downtrend line.
The bulls are attempting to defend the moving averages. If the price rebounds off the current level, the buyers will try to push and sustain the AVAX/USDT pair above the downtrend line and $98.77. Such a move will suggest a rally to $117.53.
Conversely, if the price breaks below the moving averages, the uptrend line will be tested. A break and close below this support could accelerate selling and the pair may drop to $76.14 followed by a decline to $65
LUNA/USDT
Terra’s LUNA token broke and closed above the 20-day EMA ($55) on Feb. 15, but the bulls could not sustain the higher levels. This may have attracted selling by the short-term traders, which has pulled the price back below the 20-day EMA
Both moving averages are sloping down and the RSI is in the negative zone, indicating that bears have the upper hand. If the sellers pull the price below $49, the LUNA/USDT pair could drop to the strong support at $43.44. The buyers are expected to defend the zone between $43.44 and $37.50 aggressively.
Alternatively, if the price rebounds off the current level, the bulls will make one more attempt to push the pair above the 20-day EMA. If they succeed, the pair could rally to the downtrend line of the channel.
Terra’s LUNA token broke and closed above the 20-day EMA ($55) on Feb. 15, but the bulls could not sustain the higher levels. This may have attracted selling by the short-term traders, which has pulled the price back below the 20-day EMA
Both moving averages are sloping down and the RSI is in the negative zone, indicating that bears have the upper hand. If the sellers pull the price below $49, the LUNA/USDT pair could drop to the strong support at $43.44. The buyers are expected to defend the zone between $43.44 and $37.50 aggressively.
Alternatively, if the price rebounds off the current level, the bulls will make one more attempt to push the pair above the 20-day EMA. If they succeed, the pair could rally to the downtrend line of the channel.
DOGE/USDT
Dogecoin (DOGE) turned down from the 50-day SMA ($0.15) on Feb. 16, suggesting that bears are selling on relief rallies to this resistance.
There is a minor support at $0.13. If the price bounces off this level, the bulls will again try to push the DOGE/USDT pair above the 50-day SMA. If they succeed, the pair could rise to the overhead resistance at $0.17.
The flattish 20-day EMA ($0.14) and the RSI in the negative zone indicate a minor advantage to sellers. If the price slips below $0.13, the pair could drop to the strong support at $0.12 where the buyers are likely to step in to arrest the decline.
Dogecoin (DOGE) turned down from the 50-day SMA ($0.15) on Feb. 16, suggesting that bears are selling on relief rallies to this resistance.
There is a minor support at $0.13. If the price bounces off this level, the bulls will again try to push the DOGE/USDT pair above the 50-day SMA. If they succeed, the pair could rise to the overhead resistance at $0.17.
The flattish 20-day EMA ($0.14) and the RSI in the negative zone indicate a minor advantage to sellers. If the price slips below $0.13, the pair could drop to the strong support at $0.12 where the buyers are likely to step in to arrest the decline.
Crypto TSD tricks (Official)
DOT/USDT Polkadot (DOT) turned down from the 20-day EMA ($19.82) on Feb. 17, indicating that the sentiment remains negative and traders are defending the overhead resistance levels.
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