TA: Weekly Top 5 Crypto To Watch – BTC, ETH, BNB, TRB, EOS
August 22 2022 - 9:00AM
NEWSBTC
The crypto market saw retracement across all boards with the crypto
marketcap being rejected from its resistance of $1.2 trillion
leaving top cryptos affected. This has led to market sentiments
going back to bearish with many crypto assets sitting on the key
support zone. Let us focus on the top 5 cryptos you should pay
attention to this week. Related Reading: TA: Ethereum Bears Aim Big
After Recent Breakdown Below $1,600 Disclaimer: The picks listed in
this article should not be taken as investment advice. Always do
your research and never invest more than what you can afford to
lose. Top Crypto Price Analysis Chart –Bitcoin (BTC) From the
chart, the price of BTC was rejected from $25,200 with a bullish
uptrend in a rising wedge. The rejection from the resistance led
the price of BTC to break out in a downward trend. BTC is
currently trading at $21,100 at the point of writing this article.
The price of BTC was unable to hold the support at $22,500 leading
to a retest of lower support at $20,800. A breakout below
this $20,800 support holding the price of BTC could see the price
going lower to a region of $19,000 which is seen as a demand zone
for BTC prices over the weeks. Price Analysis Of Ethereum (ETH) On
The Daily (1D) Chart The price of Ethereum in recent weeks
outperformed BTC after showing a bullish trend ahead of “The
Merge,” rising to a region of $2,030. ETH price was rejected from
$2,030 with what seems to be a resistance for ETH price to trend
higher. The price saw a sell-off to a region of $1,570 at the point
of writing. The price of ETH is trading below the 50 and 200
Exponential Moving Average (EMA) on the daily timeframe. If the ETH
price maintains its bearish structure, we could see the price
retesting $1,300 as a key support region with high demands.
Top Crypto Price Analysis Chart –Binance Coin (BNB) The price of
BNB was rejected from its resistance of $327 and is currently
trading at $296. BNB has maintained its bullish structure despite
the rejection. A break of about $290 could see the price of BNB
retesting the region of $250 as support. The price of BNB has found
good support at a price of $288 which corresponds to the 50 EMA.
BNB needs to hold above to have a chance of trending higher. Price
Analysis Of Trezor (TRB) On The Daily (1D) Chart The price of
Trezor has continued to show bullish trends holding well above the
50 and 200 EMA. Despite the pullback across crypto assets in
the market, TRB has continued to look strong, respecting the
bullish trendline. The price of TRB broke the resistance at $40, a
close above this region could send the price to a region of $60. If
TRB fails to hold the trendline acting as support, $32 is the ideal
support to hold prices. Price Analysis Of EOS On The Daily (1D)
Chart EOS has formed a bullish pattern after breaking out of a
range channel and forming support at $1.4. If EOS holds this
support area and as the market bounces to the upside, we could see
the price of EOS retesting $1.75 acting as resistance for the
price. A break below EOS support would retest $1.26 acting as
support. Related Reading: Tamadoge Makes Noise – Is TAMA A Better
Alternative To SOL? Featured Image From Nairametrics, Charts From
TradingView.com
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