Price predictions 8/18: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK

23 hours ago

Key points:

Bitcoin is showing a antagonistic divergence connected the charts, signaling a weakening successful bullish momentum.
Buyers request to support Ether supra $4,094 to clasp the precocious hand.

Bitcoin (BTC) extended its pullback connected Monday, suggesting nett booking by short-term traders. Analyst Captain Faibik said successful a station connected X that BTC could driblet to the key $98,000–$100,000 intelligence portion successful lawsuit of an “extreme bearish flush.”

Despite the correction, analysts expect Bitcoin to commercialized higher implicit the adjacent fewer months. Canary Capital CEO Steven McClurg said successful a CNBC interrogation that determination is simply a greater than 50% accidental of BTC reaching the $140,000 to $150,000 portion this twelvemonth earlier the carnivore marketplace adjacent year.

The retail assemblage has been bullish connected BTC but has not shown the aforesaid enthusiasm for Ether (ETH) contempt the beardown show implicit the past 30 days, according to sentiment level Santiment. As the markets mostly determination other to retail’s expectations, Santiment believes ETH has a “slightly much bullish path” compared to BTC.

Could BTC signifier a higher low, signaling strength? Will altcoins travel BTC higher? Let’s analyse the charts of the apical 10 cryptocurrencies to find out.

S&P 500 Index terms prediction

The S&P 500 Index (SPX) remains successful a beardown uptrend, indicating that the buyers are successful command.

A insignificant antagonistic is that the comparative spot scale (RSI) is forming a antagonistic divergence pattern. That suggests a pullback oregon consolidation successful the adjacent term. A interruption and adjacent beneath the 20-day exponential moving mean (6,370) could accelerate selling. The scale whitethorn past plummet to the 50-day elemental moving mean (6,237).

Contrary to this assumption, if buyers thrust the terms supra 6,500, the scale could commencement the adjacent limb of the uptrend to 6,696.

US Dollar Index terms prediction

The US Dollar Index (DXY) has been witnessing a pugnacious conflict betwixt the bulls and the bears astatine the moving averages.

The marginally downsloping 20-day EMA (98.23) and the RSI conscionable beneath the midpoint bespeak a insignificant vantage to the bears. If the terms breaks beneath 97.62, the scale could tumble to 97.10.

Conversely, a interruption and adjacent supra the 20-day EMA shows request astatine little levels. The bulls volition past effort to propulsion the terms to 99.32 and subsequently to 100.25. Such a determination suggests the scale could plaything betwixt 96.37 and 102 for immoderate time.

Bitcoin terms prediction

BTC fell beneath the 50-day SMA ($115,702) connected Monday, but the terms is uncovering enactment astatine the neckline of the inverse head-and-shoulders pattern.

There is insignificant absorption astatine $118,575, but if the level is crossed, the BTC/USDT brace could rally to $120,000 and past situation the all-time precocious of $124,474.

However, a connection of caution for the bulls is that the RSI has formed a antagonistic divergence. That signals the bulls are losing their grip. If the terms breaks beneath the neckline, the Bitcoin terms could slump to $110,530. This is simply a captious enactment to ticker retired for due to the fact that a interruption beneath $110,530 opens the gates for a illness to $105,000 and past to $100,000.

Ether terms prediction

ETH extended its pullback connected Monday aft breaking beneath the contiguous enactment astatine $4,368. That suggests nett booking by the short-term buyers.

The breakout level of $4,094 is an indispensable enactment to ticker retired for. If the terms rebounds disconnected $4,094 with strength, it suggests the bulls are trying to flip the level into support. The ETH/USDT brace could past again rally toward $4,788. A interruption supra $4,788 clears the way for a rally to $5,000.

On the contrary, a interruption and adjacent beneath $4,094 signals the commencement of a deeper correction. The Ether terms could plummet toward $3,745 and past to the 50-day SMA ($3,523).

XRP terms prediction

Buyers could not propulsion XRP (XRP) backmost supra the 20-day EMA ($3.10) successful the past fewer days, indicating a deficiency of request astatine higher levels.

The terms has slipped to the 50-day SMA ($2.94), which whitethorn enactment arsenic a coagulated support. If the terms rebounds disconnected the 50-day SMA, the bulls volition effort to thrust the XRP/USDT brace supra the downtrend line. If they bash that, the XRP terms could rally to $3.40 and past to $3.66.

Conversely, a interruption beneath the 50-day SMA could descend the brace to the $2.73 support. A coagulated bounce disconnected the $2.73 level could scope the downtrend line. A interruption supra the downtrend enactment suggests the XRP terms could scope betwixt $2.73 and $3.66 for a while.

BNB terms prediction

The repeated nonaccomplishment of the bulls to prolong BNB (BNB) supra $861 whitethorn tempt short-term buyers to publication profits.

The BNB/USDT brace could descent to the 20-day EMA ($808), which is simply a captious enactment to ticker retired for. If the terms rebounds disconnected the 20-day EMA with strength, it enhances the prospects of a interruption supra $861. If that happens, the BNB terms could soar toward the intelligence level of $1,000.

Contrary to this assumption, a interruption and adjacent beneath $794 suggests the brace whitethorn signifier a scope betwixt $732 and $861 for immoderate time.

Solana terms prediction

Solana (SOL) bounced disconnected the $185 level connected Saturday, but the bulls could not prolong the higher levels.

The terms has declined to the 20-day EMA ($182), which is apt to pull beardown buying by the bulls. If the terms rebounds disconnected the moving averages, the bulls volition again effort to propulsion the SOL/USDT brace toward the overhead absorption of $210. If the $210 level is crossed, the rally could scope $240.

Instead, if Solana’s terms continues little and breaks beneath the 50-day SMA ($172), the adjacent halt could beryllium the uptrend line.

Dogecoin terms prediction

Dogecoin (DOGE) has been stuck wrong a constrictive scope betwixt $0.26 and $0.21 for a fewer days.

The flattish 20-day EMA ($0.22) and the RSI adjacent the midpoint bash not springiness a wide vantage either to the bulls oregon the bears. If the terms skids beneath the $0.21 support, the DOGE/USDT brace could tumble to $0.19 and past to $0.16.

On the upside, the bulls volition person to thrust the Dogecoin terms supra $0.26 to awesome strength. The brace whitethorn past situation the stiff overhead absorption of $0.29. A interruption and adjacent supra $0.29 opens the doors for a rally to $0.35.

Cardano terms prediction

Buyers person maintained Cardano (ADA) supra the $0.90 level but are struggling to propulsion the terms supra the $1.02 resistance.

Both moving averages are sloping up, indicating an vantage to buyers, but the antagonistic divergence connected the RSI suggests the upside momentum is slowing down. If the $0.90 enactment cracks, the ADA/USDT brace could descent to the 20-day EMA ($0.84). Buyers are expected to support the 20-day EMA due to the fact that a interruption beneath it whitethorn descend the Cardano terms to the 50-day SMA ($0.75).

If the terms rebounds disconnected the 20-day EMA, it signals buying astatine little levels. The bulls volition past effort to resume the up determination by pushing the terms supra $1.02. If they bash that, the brace could skyrocket to $1.17.

Chainlink terms prediction

Chainlink (LINK) has been successful an uptrend for the past fewer days, but the bears are trying to stall the up determination astatine $27.

The upsloping moving averages bespeak an vantage to buyers, but the antagonistic divergence connected the RSI suggests the bullish momentum is weakening. Sellers volition person to yank the terms beneath the 20-day EMA ($21.13) to summation the precocious hand.

The archetypal enactment connected the downside is astatine $24.31 and past astatine the 20-day EMA. If the terms rebounds disconnected the 20-day EMA, the bulls volition again effort to thrust the LINK/USDT brace supra $27. If they negociate to bash that, the Chainlink terms could soar to $31.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

View source