Crypto Weekly: 18 – 24 October 2021
Weekly Technical Analysis: 18 – 24 October 2021
BTC continues to create new highs and will be looking to continue its run this week. Initial resistance is set at the $63,000 level, and if BTC can break through, it will look to challenge the next resistance at the $65,000 level. Be aware that there may be some sell-offs at these price points; however, BTC’s uptrend should continue if support at $53,000 can remain intact.
ETH is looking to stand above the $4,000 level this week. If ETH can successfully do so, it will look to test its previous high at $4,300 and may push even higher this week. Keep a close eye on ETH’s support at $3,360 this week; if BTC’s rally starts to stagnate, ETH’s rally could become even stronger as the market-leading altcoin.
This past week, DOT’s rally outperformed other altcoins, and the token is currently in the middle of a strong bullish trend. DOT will be looking to test its previous high at the 1,600 Baht level, and if support at 1,250 Baht can remain intact, traders should consider adopting a buy-on-dip strategy and finding opportunities to purchase when prices momentar
Binance Coin (BNB)
BNB has managed a reversal into a short-term uptrend following Binance’s $1 billion fund announcement. If support at 15,000 Baht can remain intact, its uptrend could continue for some time.
Trading and Investment Consideration For The Week
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