Crypto Coin Price analysis for 5th DEC: BNB, XRP, ADA, DOGE, MATIC AND DOT
BNB/USDT
BNB
$289
The price has been trading in the vicinity of the moving averages during the last three days. This is a sign of a fight between bulls and bears in order to get the advantage.
The moving averages that are flat and the RSI close to the midpoint are not giving any advantage, either for the bulls or bears. Buyers need to keep pushing the price above $300 in order to signal the strength. The BNB/USDT currency pair may increase to $318 before advancing up to $338.
However when the price is turning down and reaches $285, the selling might increase and the price could fall to $275. There is a slight support at this point, however if it doesn't keep the price, the decline may be extended to the crucial level of $250.
XRP/USDT
XRP
$0.38
It is currently confronting resistance at $0.41 however, it is finding support near the upward trend line. The price action over these past few days resulted in an ascending triangle that will be completed when it breaks and price close at or above $0.41.
If this happens it would suggest the possibility of a trend reversal, and the XRP/USDT currency pair could begin an upward trend to $0.45 and then $0.51.
If, on the other hand, the price goes down and breaks below the upward trend line, it would cause the bullish setup to be invalidated. This could cause the price to fall to $0.37 and eventually it could rise to $0.34. This could suggest that the pair might remain within the wide range of $0.30 to $0.41 to a couple days.
A flat 20-day EMA and the RSI close to the midpoint suggest a potential consolidation in the near future.
ADA/USDT
Cardano
ADA
$0.318
The price climbed over that twenty-day EMA ($0.32) in December. 5, but the bulls weren't able to hold these higher prices. This implies that bears are trading in relief rallies.
In order for the recovery to grow and grow, bears be required to hold prices above 20 days EMA. The ADA/USDT pair may climb towards fifty-day SMA ($0.35) then, in turn, towards the downward trend line. This line could be an effective opposition to bulls.
Its 20-day EMA has sunk while the RSI is barely above the midpoint, suggesting a range bound trend in the near-term. The bears must bring the price down to $0.29 to signal the return of the downward trend.
In related news: Litecoin eyes $100 after "rare" LTC price break
DOGE/USDT
Dogecoin's
DOGE
$0.10
The recovery climbed above the 38.2 percent Fibonacci Retracement Level of $0.10 and climbed to that 50% retracement threshold of $0.11.
The long wick of the December. 5 candlestick reveals that bears are protecting the area that lies between 50% of the retracement of $0.11 as well as the 61.8 percent retracement of $0.13. The first support line to look out for on the down side will be twenty-day EMA ($0.09).
A strong bounce off of this level could indicate the lower prices are drawing buyers and could raise the likelihood of a rise above $0.13. The pair could eventually make a complete rectangular move and climb to $0.16.
This bullish outlook may be disproved if the market is lowered and drops to below moving averages.
MATIC/USDT
Polygon
MATIC
$0.9139
The price jumped from the 200-day EMA ($0.90) at the end of December. 4. This indicates that bulls are trying to turn the level into support.
The 20-day EMA has begun to move up , and the RSI is hovering just above the midpoint, which suggests that buyers may have a slight edge. There is a slight resistance level at $0.97 however it is probable to break. The MATIC/USDT currency pair may be able to rally up to $1.05 which is where bears could attempt to hold the rally back.
If the price drops from $1.05 The pair may once more drop down to the 20-day EMA. A strong rally off of it may increase chances of breaking above $1.05. However, a move under the moving averages may open ways for fall to the upward trend line.
DOT/USDT
Polkadot
DOT
$5.49
The price broke over the 20-day EMA ($5.54) in December. 2. The bulls held the test on Dec. 3. Buyers attempted to propel prices to that 50-day SMA ($5.92) on Dec. 5, but they encountered substantial resistance at higher levels.
It appears that the 20-day EMA has sunk and the RSI is now at the midpoint, which indicates it is decreasing. This could lead to reaching the 50-day SMA. If this line is crossed the DOT/USDT currency pair may climb to the downtrend line. This line is likely to be a major hurdle to the bulls.
However should the price turn downwards and falls beneath the daily 20-day EMA then the pair may drop to $5.30 and then drop to $5.30.
Crypto Coin Price analysis for 5th DEC: BNB, XRP, ADA, DOGE, MATIC AND DOT
BNB/USDT
BNB
$289
The price has been trading in the vicinity of the moving averages during the last three days. This is a sign of a fight between bulls and bears in order to get the advantage.
The moving averages that are flat and the RSI close to the midpoint are not giving any advantage, either for the bulls or bears. Buyers need to keep pushing the price above $300 in order to signal the strength. The BNB/USDT currency pair may increase to $318 before advancing up to $338.
However when the price is turning down and reaches $285, the selling might increase and the price could fall to $275. There is a slight support at this point, however if it doesn't keep the price, the decline may be extended to the crucial level of $250.
XRP/USDT
XRP
$0.38
It is currently confronting resistance at $0.41 however, it is finding support near the upward trend line. The price action over these past few days resulted in an ascending triangle that will be completed when it breaks and price close at or above $0.41.
If this happens it would suggest the possibility of a trend reversal, and the XRP/USDT currency pair could begin an upward trend to $0.45 and then $0.51.
If, on the other hand, the price goes down and breaks below the upward trend line, it would cause the bullish setup to be invalidated. This could cause the price to fall to $0.37 and eventually it could rise to $0.34. This could suggest that the pair might remain within the wide range of $0.30 to $0.41 to a couple days.
A flat 20-day EMA and the RSI close to the midpoint suggest a potential consolidation in the near future.
ADA/USDT
Cardano
ADA
$0.318
The price climbed over that twenty-day EMA ($0.32) in December. 5, but the bulls weren't able to hold these higher prices. This implies that bears are trading in relief rallies.
In order for the recovery to grow and grow, bears be required to hold prices above 20 days EMA. The ADA/USDT pair may climb towards fifty-day SMA ($0.35) then, in turn, towards the downward trend line. This line could be an effective opposition to bulls.
Its 20-day EMA has sunk while the RSI is barely above the midpoint, suggesting a range bound trend in the near-term. The bears must bring the price down to $0.29 to signal the return of the downward trend.
In related news: Litecoin eyes $100 after "rare" LTC price break
DOGE/USDT
Dogecoin's
DOGE
$0.10
The recovery climbed above the 38.2 percent Fibonacci Retracement Level of $0.10 and climbed to that 50% retracement threshold of $0.11.
The long wick of the December. 5 candlestick reveals that bears are protecting the area that lies between 50% of the retracement of $0.11 as well as the 61.8 percent retracement of $0.13. The first support line to look out for on the down side will be twenty-day EMA ($0.09).
A strong bounce off of this level could indicate the lower prices are drawing buyers and could raise the likelihood of a rise above $0.13. The pair could eventually make a complete rectangular move and climb to $0.16.
This bullish outlook may be disproved if the market is lowered and drops to below moving averages.
MATIC/USDT
Polygon
MATIC
$0.9139
The price jumped from the 200-day EMA ($0.90) at the end of December. 4. This indicates that bulls are trying to turn the level into support.
The 20-day EMA has begun to move up , and the RSI is hovering just above the midpoint, which suggests that buyers may have a slight edge. There is a slight resistance level at $0.97 however it is probable to break. The MATIC/USDT currency pair may be able to rally up to $1.05 which is where bears could attempt to hold the rally back.
If the price drops from $1.05 The pair may once more drop down to the 20-day EMA. A strong rally off of it may increase chances of breaking above $1.05. However, a move under the moving averages may open ways for fall to the upward trend line.
DOT/USDT
Polkadot
DOT
$5.49
The price broke over the 20-day EMA ($5.54) in December. 2. The bulls held the test on Dec. 3. Buyers attempted to propel prices to that 50-day SMA ($5.92) on Dec. 5, but they encountered substantial resistance at higher levels.
It appears that the 20-day EMA has sunk and the RSI is now at the midpoint, which indicates it is decreasing. This could lead to reaching the 50-day SMA. If this line is crossed the DOT/USDT currency pair may climb to the downtrend line. This line is likely to be a major hurdle to the bulls.
However should the price turn downwards and falls beneath the daily 20-day EMA then the pair may drop to $5.30 and then drop to $5.30.
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