BTC and ETH overcome key levels of resistance; Doge doubles in price

The US stock indexes completed a stormy week successfully: the US dollar index has left the ten -year maximum, and the derivatives market reduces the likelihood of increasing interest rate in December by 75 b.P. Nevertheless, the US Federal Reserve System is still preparing for the fourth increase in the rate in a row this week in response to ambiguous indicators of the economy. Perhaps they will increase another half -regiment in December. Investors are looking for the slightest hints of the further course of the Fed, since other central banks are either prone to gradual increase in bets or adhere to decisions at supernarial interest rates.

Confidence reappeared on the cryptornka, since the main cryptocurrencies made their way above the key levels of resistance and recorded the largest weekly growth in recent months. BTC grew by 5.39% a week after a week, while ETH was ahead of Bitcoin in this indicator – its growth was 16.63% for the same period.

Unlimited BTCUSDT contracts

Promotions and bitcoin were in the plus last week, and a 30-day correlation between them fell to the level that was last observed at the beginning of this year. This may support bitcoin growth. It is noteworthy that the BTC escaped up from the descending triangle, which was formed since June, potentially laying an end to the side movement between the region from 18.5 thousand. up to 20 thousand. dollars. The inevitable resistance is at a 100-day EMA at $ 21.1 thousand., And the next level of resistance is a level of $ 25 thousand., which Bitcoin could not master in early August. After the breakthrough, the RSI flew up to 64, below the overhabitation line at 70, and at the time of writing the article is at level 58. Despite the fact that price levels have reached lower maximums, RSI shows higher minimums on weekly graphs. This may indicate a bull divergence, which can support the ongoing bouncer bouncer.

In addition, as we indicated in previous reports, the previous side movement of bitcoin in combination with the record amount of open positions on futures could potentially provoke a significant price movement, as if bulls or bears occupied the leading role. This hypothesis, which followed the recordly short liquidations last week, turned into reality, pushing prices above. In addition, since the amount of BTC open positions decreased from the peak due to the liquidation of shorts, the BTC financing rate (7DMA) on the main exchanges increased to 2%, strengthening the current bull-clock trend of bitcoin.

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Extraordinary Ethusdt contracts

The bull flag appeared when the price of the broadcast escaped from the consolidation after sales caused by a merger. Since the cryptocurrency remained above its 100-day EMA, RSI entered the overwhelming area, indicating the impending consolidation or correction down. The broadcast is on the verge of intersection above the indicator Ishimoku, a combination of technical indicators, which show the general strength and direction of price levels. If he successfully overcome the level of $ 1650, the next strong level of resistance will be its 200-day EMA in $ 1760.

As in the case of bitcoin, the rate of financing of unlimited broadcasts of the ether became positive, and the sum of the open positions of futures from the point of view of ETH has slightly decreased from the peak. Meanwhile, as the implied volatility of the options “in money” continues to decline, the options shift and try to remain above zero during the main dates of expiration of the validity period. Perhaps thanks to this there will be an improvement in the mood in the market, which can support the price.

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Indicators of altcoins

Found diamonds who surpassed the market against the backdrop of the return of bull moods on the cryptoine. DOGE is an indisputable leader in profitability, since its market Складність майнінгу value has actually doubled after growth by 106% last week, with a huge margin, ahead of its competitors of medium and large. Memcoid rally is fed by the company and Ilon Mask with Twitter for 44 billion dollars and a sensational gesture of the release of a social network by quickly dismissing top managers. The expectation of DOGE integration as Twitter’s trade currency is also observed, and Ilon Musk will stand up at the helm.

Over the past few days, the pricing activity of DOGE has consistently grew. At the time of writing, the couple tries to gain a foothold above a 50-hour sliding average, which can serve as a key price support for a memcoid, known for its volatility. The nearest resistance is in the region of $ 0.127- $ 0.13. A clear breakthrough above this zone, most likely, will lead to another impulse. Also, at the time of writing, the RSI has grown to 87 in the overwhelming area on the day schedule, which indicates a possible ambulance adjustment. We will continue to monitor the coin as Elon Musk will report the news.

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