BTC, AVAX, SOL and Other Cryptos May Present Long Opportunities

Published 17/07/2023, 15:58
© Reuters.  BTC, AVAX, SOL and Other Cryptos May Present Long Opportunities
UNIs/USD
-

  • An analyst from Crypto Banter named several cryptos that may present trading opportunities this week.
  • Trade entries for BTC, STX, 1INCH, ARB, UNI, SUI and OCEAN were shared in the analysis.
  • The analyst also predicted that OP, ATOM, JOE, SOL, TRIAS and PERP will see their price rise in the short-term.

An analyst from Crypto Banter predicted in a video this morning that several cryptocurrencies may present long opportunities in the coming few days. In the analysis, he mentioned that trade opportunities for Bitcoin (BTC), Stacks (STX), 1inch (1INCH), Arbitrum (ARB), Uniswap (UNI) and several other altcoins may pop up in the upcoming few days.

The analysis indicated that BTC’s price was facing a critical resistance level. The weekly chart showed that the 9 and 18 EMA lines were acting as support, along with the top side of the Gaussian channel at around $28,400, noted the analyst.

Weekly chart for BTC/USDT (Source: TradingView)

The market leader needs to hold above this level in order for it to maintain its bullish momentum. If the crypto fails to hold above this level and breaks back into the Gaussian channel, it could indicate a potential shift in the ove…

The post BTC, AVAX, SOL and Other Cryptos May Present Long Opportunities appeared first on Coin Edition.

The post BTC, AVAX, SOL and Other Cryptos May Present Long Opportunities appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.