Crypto Weekly: 20 – 26 September 2021
Weekly Technical Analysis: 20 – 26 September 2021
BTC is showing signs of a short-term recovery out of its sideways trend. It is unclear if BTC will sustain this increase and continue moving upwards or if it will face a correction soon. If BTC can successfully create higher lows and higher highs this week, look for BTC to challenge resistance at the $49,000 level. Despite a potential rally, traders are still advised to be cautious.
ETH is in the midst of a sideways downtrend, making lower lows and failing to create new highs over the past week. Considering this, it is most likely not the best time to enter an ETH position. Instead, wait for signs of a reversal before committing while keeping an eye on support at the $3,200 level.
OMG Network (OMG)
OMG is showing signs of a short-term bullish trend. If OMG can stand above the 340 Baht mark, it will look to challenge the next resistance level at 380 Baht. However, if OMG fails to challenge resistance and faces a correction, keep an eye on whether support at 240 Baht can remain intact. If the price breaks through the support level, OMG’s outlook will change to a downtrend.
Curve Finance (CRV)
CRV has had a strong recovery pushing it out of its sideways trend into an uptrend. If its support level at 84 Baht can remain intact, CRV will look to target its medium-term resistance at 124 Baht. CRV has been one of the stronger performing DeFi tokens recently.
Trading and Investment Consideration For The Week
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