TA: Top 5 Crypto You Should Watch This Week – Bitcoin, Ethereum
August 15 2022 - 9:30AM
NEWSBTC
Top 5 Crypto You Should Watch This Week, with many crypto altcoins
producing price gains of two or more digits. The recovery has
sparked the excitement and belief that the bottom could be in for
many crypto assets with the hope of a bull run in a short time. Let
us discuss the top 5 crypto assets you should watch this
week. Related Reading: Ethereum Sees Setback After Breaking
$2k, But Price Likely to Maintain Upward Trajectory 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. Bitcoin (BTC) Price Analysis As A Top 5 Crypto
From the chart, the price of BTC has continued to show bullish
strength after retesting the price of $25,200 and was rejected from
that region. BTC is currently trading at $24,170 at the point of
writing this article. The price of BTC is in a rising wedge; a
breakout above the wedge could see the price of BTC going to the
region of $27,000 – $28,500. A breakout below this rising wedge
could see the price of BTC retesting the support region of $21,400.
Price Analysis Of Ethereum (ETH) On The Daily (1D) Chart The price
of Ethereum has outperformed BTC in the past few days after showing
bullish strength to a region of $2,000. ETH price was rejected from
$2,000 with what seems to be a resistance for ETH price to trend
higher. The price of ETH is trading above the 50 Exponential
Moving Average (EMA) at $1,886 at the point of writing. If
the ETH price maintains its bullish structure, we could see the
price breaking $2,000 to a region of $2,500, but If ETH gets
rejected, the price of $1,622 corresponds to the 50 EMA, which
would be good support for the ETH price. Price Analysis Of Binance
Coin (BNB) On The Daily (1D) Chart The price of BNB was rejected
from its resistance of $327 and is currently trading at $316. BNB
has maintained its bullish structure despite the rejection. A break
of about $327 could see the price of BNB retesting the region of
$388. If the price of BNB gets rejected, the price of $286 that
corresponds to the 50 EMA will act as a support. Price Analysis Of
Sand Box (SAND) On The Daily (1D) Chart The price of SAND has
continued to struggle above $1.3 support which corresponds to the
50 EMA; a break below this region could see the price of SAND
retesting $1.18. If the price of SAND breaks above the resistance
of $1.4, we could see the price trending higher to a region of $2.
STEPN (GMT) Price Analysis As A Top 5 Crypto GMT has formed a
bullish wedge as prices continue to range and bullish strength
ahead of a breakout. A breakout to the upside could see the price
of GMT trending to a region of $1.5. The trendline on the daily
chart for GMT price acts as support. Related Reading: Litecoin
Breezes Past $64 Level As LTC Picks Up Speed Featured image from
Cryptimi, Charts from TradingView.com
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