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.
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