Pratik

We have seen BTC try to reach the All Time High price and it just fell short of $20,000 and we saw a corrective move towards early half of $16,000 which was expected. Let us review some altcoins and see their price action.

DOT/USD – Price prediction

POLKADOT flipped the resistance at $4.54 to support and we started seeing a move up towards the higher resistances 1 and 2. With BTC correcting, DOT could drop back towards the support of $4.54 which would be a good area to long with $5.08 and $5.47 as the targets. Failure to hold the support at $4.54 could provide us a good opportunity to short DOT till $3.98 and $3.60

UNI/USD – Price prediction

UNISWAP is approaching the support zone of $3.18. If it can hold this support, it could bounce $3.50, $3.94 and $4.39. Failure to hold the support at $3.18 will result in a drop towards $2.86 and $2.49 which will be a good place to add to longs.

ENJ/USD – Price prediction

ENJIN is approaching a strong support zone of $0.1382 area. If it can hold this support, we could see a big move towards $0.1609 and $0.1824. Failure to hold the current support could lead to a price drop towards $0.1190 which would be a very good place to add to longs.

BNB/USD – Price prediction

BINANCE COIN is approaching a strong support zone of $27.70 area. If we can hold this support, we will see a swing towards $29.96, $32.43, $36.88 and $42.71. Failure to hold the support of $27.70 will lead to a fall in price towards $25.44 which will be a good place to long BNB with a stop loss below this last strong support.

CRO/USD – Price prediction

CRYPTO.COM COIN is currently trading close to a weak support zone of $0.6315. If it can stay above this support, there is quite a good upside to CRO with targets at $0.6936, $0.7725, $0.9734 and upon clearance of this resistance zone of $0.97, we can see a rapid move towards $0.1451. However, if the current support breaks, this coin will drop in a free fall.

Images courtesy of TradingView.

Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.

Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

(Excerpt) Read more Here | 2020-11-27 01:36:00
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