) is in a short-term uptrend. The bulls purchased the drop to the 50-day SMA and are attempting to resume the up-move.If the price sustains above the 20-day EMA , it will suggest that the correction may be over. The QNT/USDT pair could first rise to $124 and then retest the important resistance at $133. If bulls clear this hurdle, the pair could rally to the overhead resistance zone between $154 and $162.
If the price sustains below the 50-SMA, the pair could slide to the 20-EMA. This is an important level to watch out for. If the price rebounds off this level, it will suggest that the short-term trend has turned in favor of the buyers. Contrary to this assumption, if the price fails to rise above $0.20, it will suggest that bears are selling on rallies. The bears will be back in the driver’s seat if they sink the pair below the 20-day EMA. The pair could then decline to the 50-day SMA .The bulls are trying to defend the uptrend line but the recovery is facing strong resistance at the moving averages.
Weakening sentiment pulled the S&P 500 lower by 1.29% for the week. Continuing its close correlation with the S&P 500, Bitcoin also witnessed a sharp decline on Aug. 19 and ended the week with steep losses.
EOS
$QNT baby!
I’ve bought some BNB with my USDT.
I’m ran out of USDt to buy dips so now I’m just holding BTC
Looks like we're close to the other side. All this price action in this range is very bullish long-term. Historically we've had very little time in these price ranges.
every market move u change ur opinion. embarrassing
Is EOS still a thing?
Dampet
Whyy is the media silent about thiss?
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Source: Crypto_Potato - 🏆 568. / 51 Read more »