Price assessment 3/17: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, PI

Bitcoin (Btc) has remained more than $ 80,000 since March 11, indicating that the bulls are not waiting for a deeper correction to buy. However, the failure to push the price above $ 86,000 shows that the Bears do not give up and continue to sell at rallies.

Weekly CoinShares report shows that products exchanged cryptocurrency (ETP) Witnessed $ 1.7 billion in last week’s. That takes a total of five weeks of flow to $ 6.4 billion. In addition, the stripes of the streams took 17 days, marked the longest negative stripes since CoinShares Records began in 2015.

Not all darkness and destruction for long -term investors. Cryptoquant said ShayanBTC contributed that investors to buy Bitcoin between three and six months ago shows an accumulation pattern. Historically, similar behavior “plays an important role in developing the bottom of the market and ignoring new upbringing.”

Will consumers succeed in catapulting bitcoin above overhead resistance levels? How are the altcoins placed? Let’s review the charts to find out.

S&P 500 Index Evaluation Price

The S&P 500 index (SPX) is in a strong correction phase. The fall of 5,504 on March 13 sent a KaMag -child of Lava Index (RSI) to the oversold territory, which signed a possible rally in the near term.

Bears will try to stop recovering from 5,670 to 5,773 resist zones. If they succeed, signal that emotions remain negative and entrepreneurs sell at rallies. Which increases the risk of fall to 5,400. The Bulls are expected to defend the level of 5,400 in all they may have due to a drop below the index can sink to 5,100.

Upside down, a break and near the top 20-day exponential transfer of average (5,780) will signal strength. The index can climb the 50-day simple transfer of average (5,938).

US Dollar Price Price Evaluation

Poor rebound from 103.37 support to the US dollar index (DXY) suggests that the bears are maintaining pressure.

Sellers are trying to sink the index below 103.37. If they can pull it, the refusal can expand to 102 and thereafter to 101.

Conversely, if the price turns from the current level and breaks above 104, signal that consumers are trying to make a return. The index can rise to 20-day EMA (105), which is likely to attract sellers. If consumers do not get tired of the bear, the prospects of a break above the 20-day EMA increase. The index can rally at 50-day SMA (107).

Bitcoin price analysis

Bitcoin tries to build a higher low in close term, building strength to cross above the 200-day SMA ($ 84,112).

Positive difference -RSI varies suggests that the bearish momentum has weakened. If consumers are driving the price above the 20-day EMA ($ 85,808), the BTC/USDT pair can rise to 50-day SMA ($ 92,621).

Contrary to this assumption, if the price decreases dramatically from the 200-day SMA, it indicates that the bears are trying to flip the level in resistance. The pair can slide at $ 80,000 and beside $ 76,606.

Ether price analysis

Ether (Eth) traded between $ 1,963 and $ 1,821, which signed a lack of aggressive purchase at current levels.

If the price sank below $ 1,821 to $ 1,754 zone support, this would indicate the continuation of the downtrend. The ETH/USDT pair can then be nosedive to the next significant support for $ 1,550.

This negative view is invalid in the near term if the price turns and breaks above the 20-day EMA ($ 2,107). The pair can climb to 50-day SMA ($ 2,514), where bears are likely to sell aggressively. However, if the bulls pierce the 50-day SMA resistance, the pair can rally at $ 2,857.

XRP price evaluation

XRP (XRP) turned away from the 50-day SMA ($ 2.51) on March 15, indicating that the bears were active at a higher level.

The 20-day EMA ($ 2.34) was flatten, and the RSI was close to the midpoint, indicating a balance between supply and demand. The XRP/USDT pair can remain stuck between 50-day SMA and $ 2 for some time.

If the price turns from the current level and breaks above the 50-day SMA, it will remove the path for a potential rally at $ 3. Instead, a break and close below $ 2 will complete a pattern of head-and-shoulders. The pair could then fall to $ 1.28.

BNB price analysis

Bnb (Bnb) turned up from 20-day EMA ($ 598) and increased above the 50-day SMA ($ 620), indicating that the correction could end.

The 20-day EMA began to turn away, and the RSI rose to the positive territory, indicating a slight advantage over the bulls. If the price retains above the 50-day SMA, the BNB/USDT pair can rally at $ 686 and eventually to $ 745.

The 20-day EMA is the critical support to guard the downside. A break and close to under 20-day EMA will signal that the bears are gaining control. The pair can drop to strong support to $ 500.

Solana’s price assessment

Solana (Sol) turned away from the 20-day EMA ($ 139) on March 16, signing that the bears were aggressively defending the level.

The Sol/USDT pair can drop to $ 120 and then $ 110, where consumers are expected to come in. If the price scratches the zone support, the Bulls will try again to drive the SOL/USDT pair above the 20-day EMA. If they manage to do that, the pair can climb to $ 180.

This positive view is invalid in the near term if the price continues to lower and break below the support zone. That could start a downward move to $ 100 and subsequent to $ 80.

Related: Ethereum Onchain data suggests a $ 2K ETH price out of reach for now

Dogecoin Price assessment

Dogecoin (Doge) gradually rises to 20-day EMA ($ 0.19), which is an important close resistance to guard.

If the price drops sharply from the 20-day EMA, it suggests that bears sell at every minor rally. Which increases the risk of a break below the support of $ 0.14. If that happens, the DOGE/USDT pair can plunge at $ 0.10.

In particular, a break and near the top of the 20-day EMA indicates that the sale of pressure is reduced. The pair can rise to 50-day SMA ($ 0.23) and eventually to $ 0.29. A break and near the top of $ 0.29 suggests that consumers return to the driver’s seat.

Cardano’s price assessment

Cardano (Ada) has traded below the 20-day EMA ($ 0.76) since March 8, but the Bears have failed to sink the pair to the lining line. This indicates that the sale of dries up to the lower level.

Consumers will have to drive the price above the moving averages to start a prolonged recovery. The ADA/USDT pair can climb to $ 1.02, where the bear can be re -mounted by a strong defense.

Contrary to this assumption, if the price turns from moving averages, it is suggested that the bears remain controlled. That increases the likelihood of a drop below the lining line. If that happens, the pair may fall for $ 0.50.

PI price analysis

The PI (PI) gradually slipped towards the support of $ 1.23, which is likely to attract the purchase from the bulls.

If the price bounces $ 1.23 with strength, the PI/USDT pair can try a move back to $ 1.80. Sellers are expected to produce a strong challenge at $ 1.80, but if the Bulls prevail, the pair can rally at $ 2 and after $ 2.35.

Especially, if the price drops from $ 1.80, it will signal a range of range. The pair can bewing between $ 1.23 and $ 1.80 for a while. Sellers will strengthen their position at a break below $ 1.23. The pair could fall at a 78.6% retracement level of $ 0.72.

This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.

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