Fun Trio Analysis: BTC, ETH, and LINK
$BTC As I mentioned before about Bitcoin, a breakout and staying above the 117,200 area was po see cc sitive. Currently, the price of Bitcoin is 118,300, a resistance area of 118,400 and another resistance of 118,800. We also have an important weekly closing. If it closes in the red, it is most likely negative due to the negative movement of the RSI indicator. If it does not hang above the 119,500 area, a negative closing is possible, and we may see an upcoming correction for Bitcoin due to the negative weekly closing. A correction is likely if it is next week, targeting the 106,000 area.
$ETH Ethereum is bearish after a historical rise to 4830. The current price is 4560. This is a good weekly close for Ethereum and altcoins, but with the reversal of Bitcoin’s movement, we may not see a new rise. However, Ethereum is expected to reach 5000 and more next week, even the 6000 area. However, caution must be exercised, as I said, that Bitcoin is currently negative. However, the RSI 1W indicator has reached overbought areas, 72.50 is a sell zone after a rebound, and there is a possibility that Ethereum will fall more than Bitcoin.
$LINK Link rose after a correction of more than 15% after a sideways rise without buying a few hours ago. We saw some whales buying it, and this was the beginning of its strong rise. Currently, Link’s targets are 30,000, the previous rise area. A good weekly closing, but will it continue its journey with the rest of the alternative currencies, or is this rise temporary? RSI indicators indicate that there is another rise coming for it after the weekly close, and it is rising on a monthly basis. As for now, it has reached the previous area that it reached a few days ago and fell from, so I expect it to rise strongly.
If you have any currency you want me to analyze this way, share it with us in the comments.