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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
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  • 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.

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