BTC price is aiming at $25,000 and holding this level could cause breakouts in ADA & UNI.
BTC
Bitcoin rose above the overhead resistance of $24,668 on Aug. 13 but the bulls could not sustain the higher levels. This specifies that the bears are selling on rallies but repeated breach of an overhead resistance tends to weaken it. The gradually upsloping 20-day exponential moving average of $23,414 and the relative strength index in the positive territory indicates that the path of least resistance is to the upside. If bulls sustain the price above $25,000, the momentum could pick up further and BTC could rally to $28,000.
ADA
ADA broke and closed above the overhead resistance at $0.55 on Aug. 13. This indicates that the uncertainty has resolved in favour of the bulls. The rising 20-day EMA of $0.52 and the RSI in the positive territory indicates that the bulls have the upper hand. ADA could rally to $0.63 and then to the strong overhead resistance at $0.70. This level is likely to attract strong selling by the bears. Contrary to this assumption, if the price turns down from the current level and breaks below the 20-day EMA, it will suggest that the break above $0.55 may have been a bull trap.
UNI
UNI has been consolidating between $8.11 and $9.83 for the past few days. This suggests that the bulls are buying the dips but the bears are defending the overhead resistance. The longer the price remains in the range, the stronger the breakout will be from it. The 20-day EMA of $8.54 is sloping up and the RSI is in the positive territory, indicating an advantage to buyers. If bulls thrust the price above $9.83, UNI could pick up momentum and rally toward $10.55 and later to $12.
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