June 27, 2022

Crypto Price Analysis & Overview October 1st: Ethereum, Ripple, Cardano, Binance Coin, & Uniswap

6 min read

Ethereum

Ethereum is up a solid 9% today as the cryptocurrency surges past $3000 once again. The coin has now broken the upper boundary of the previous range that it was trading inside over the past fortnight. The range was in between $3150 and $2800 and Ethereum bounced from the lower border on Wednesday, where it found assistance at the 100-day MA.

Since then, ETH handled to break the September descending pattern line and head back above the 20-day MA.

Looking ahead, the first resistance lies at $3300 (50-day MA). This is followed by $3350, $3500, $3600, and $3790 (bearish.786 Fib). Added resistance lies at $4000.

On the other side, the first assistance lies at $3000. This is followed by $2890, $2770 (.786 Fib & & 100-day MA), and $2620 (200-day MA).

ethusd-oct1-min
ETH/USD Daily Chart. Source: TradingView. ETH continues to trade sideways versus BTC as it stays within the range in between 0.0711 BTC and 0.0667 BTC. The cryptocurrency tried to break the resistance at

0.0711 BTC at the start of the week however stopped working to conquer the level. As a result, it failed the week

up until finding the existing assistance at the increasing trend line. ETH should break the present variety versus BTC to determine the next instructions for the marketplace. Looking ahead, the & very first assistance lies at the increasing pattern line. This is followed by support at the bottom of the variety at 0.0667 BTC(disadvantage 1.272

Fib Extension & 100-day MA ), 0.066 BTC (.618 Fib Retracement ), 0.065 BTC, and 0.0632 BTC (downside 1.618 Fib Extension ). On the other side, the first resistance lies at 0.071 BTC( 50-day MA). This is followed by the upper angle of the rate channel, 0.0733 BTC, 0.075 BTC, and 0.0765 BTC(beraish.786 Fib). ETH/BTC Daily Chart. Source: TradingView. Ripple XRP rose by a strong 9%today as it breaks back above the$1 level once again. The coin was trading inside a descending wedge

formation for

the entire period of September and only managed to break the upper angle of the wedge on Wednesday. It had found assistance at$0.9, offered by a 100-day MA, which enabled the coin to rebound and surge past the upper angle of the wedge.

Today, the 9% price increase allowed XRP to climb up back above the 200-day MA, the 20-day MA, and $1. Looking ahead, the very first resistance lies at $1.05, which is previous strong support. Above this, resistance lies at $1.10(50-day MA), $1.5,$1.20, and $1.25( Feb 2018 highs). On the other side, the first assistance lies at$1.00(20-day MA). This is followed by$0.96(200-day MA)m

$0.9(100-day MA), and $0.8282(2020 highs). XRP/USD Daily Chart. Source: TradingView. XRP seems to be resisting BTC as it trades underneath the 200-day MA level today. The coin has actually been stuck in a variety between 3200 SAT and 2100 SAT for the previous fortnight and

must break this range to determine the next direction for the marketplace. Looking ahead, the very first strong support lies at 2100 SAT (100-day MA). This is followed by 2050 SAT (.618 Fib), 2000 SAT, 1860 SAT(.786 Fib),

and 1800 SAT (July 2020 low). On the other side, the first resistance lies at 2225 SAT(20-day MA). This is followed by 2300 SAT, 2400 SAT (50-day MA), 2463 SAT (bearish.5 Fib), and 2560 SAT (bearish.618 Fib).

xrpbtc-oct1-min
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the course of the week as it trades at $2.23. It fell from resistance at $ 2.36(bearish.382 Fib) at the start of the week and continued lower up until the support at $2.00(.618 Fib )was satisfied.

On Wednesday, ADA bounced from$ 2.00 and pushed above a descending trend line yesterday. Today, ADA continued greater to fulfill the resistance at the 20-day MA level. Looking ahead, the first resistance lies at $2.36(bearish.382 Fib ). This is followed by $2.50 (bearish.5 Fib & 50-day MA), $2.65 (bearish.618 Fib), and $2.80. On the other side, the very first assistance lies at$ 2.21 (5 Fib). This is followed by$2.10,$2.00(.618 Fib),$1.88(100-day MA), and$1.80. ADA/USD Daily Chart. Source: TradingView. ADA is under bearish pressure versus BTC as it battles to remain

above the September support today.

The cryptocurrency began the week at around 5400 SAT. Unfortunately, it could not overcome this resistance and ended up rolling over underneath the 50-day MA from there. It continued to fall throughout the week until assistance was discovered today at 4715 SAT(.5 Fib Retracement). Looking ahead, if the bears press underneath 4715 SAT, the first assistance lies at 4600 SAT. This is followed by 4500 SAT (100-day MA),

4350 SAT (.618 Fib), and 4220 SAT(downside 1.272 Fib Extension ). On the other side, the very first resistance lies at 4800 SAT. This is followed by 5000 SAT, 5200 SAT (50-day MA ), 5400 SAT, and 5800 SAT

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adabtc-oct1-min
ADA/BTC Daily Chart. Source: TradingView. Binance Coin BNB is up by a strong 8.2%over the week as the coin breaks back above$400 again to reach$412 today. It was trading inside a falling wedge pattern for the whole period of September. On Wednesday, BNB lastly reversed and broke towards the benefit of the pattern to fulfill resistance at the 100-day MA. The 100-day MA resistance was penetrated the other day and it continued to climb above $400 and the 200-day MA today to reach $412.

Looking ahead, the very first resistance lies at $425 (50-day MA). This is followed by $450, $460 (bearish.5 Fib ), $475, and $500. Added resistance lies at $516 (bearish.618 Fib) and $550.

On the other side, the first support lies at $400 (200-day MA). This is followed by $380 (20-day MA), $375 (20-day MA), $260 (.618 Fib), and $350.

bnbusd-oct1-min
BNB/USD Daily Chart.

Source: TradingView. BNB is extremely flat against BTC as the coin presently sits inside a long-term coming down triangle pattern. It began in September at around 0.01 BTC and headed lower throughout the whole month. Last weekend, BNB handled to find support at the lower angle of the long-term triangle. From there, it rebounded through the week as it pushed back above 0.008 BTC. On Wednesday, BNB exploded greater as it reached as high as 0.009 BTC(200-day MA). It has actually remained regional to this resistance over

the previous 2 days. Looking ahead, the first support lies at 0.0085 BTC (20-day MA ). This is followed by 0.00829 BTC(.5 Fib), 0.008 BTC,

and 0.00757 BTC. On the other side, the very first resistance lies at 0.009 BTC (50-day MA ). This is followed by 0.0095 BTC, 0.01 BTC, 0.0105 BTC, and 0.011 BTC (1.272 Fib Extension). BNB/BTC Daily Chart. Source: TradingView. Uniswap UNI is

up by an excellent 19.7 %over the week as the coin breaks back above$25. It

was trading inside a coming down wedge development during September. The cryptocurrency discovered assistance at$ 18.25(drawback 1.272 Fib Extension) on Sunday and rebounded higher into the$24 resistance(50-day MA ). The breakout of the wedge lastly came today as UNI pressed above$25. Looking ahead, the first resistance lies at$ 27.50. This is followed by$30 (bearish.5 Fib ),$31.20 (September highs), and $33(

bearish.618 Fib ). On the other side, the very first assistance lies at$24 (20-day MA). This is followed by $23 (200-day MA), $22,$20.60(.618 Fib),

and $20. UNI/USD Daily Chart. Source: TradingView. BNB likewise managed to break above a wedge development versus BTC this week.

The coin currently is trading back above the 200-day MA at 0.000537 BTC after finding assistance at 0.00045 BTC on Sunday. Looking ahead, the very first strong resistance lies at 0.0005800 BTC(bearish.382 Fib). This is followed by 0.0006 BTC,

0.0006315 BTC (bearish.5 Fib), and 0.00065 BTC. On the other side, the very first support lies at 0.00053 BTC (200-day MA). This is followed by 0.0005 BTC (.5 Fib), 0.00045 BTC, and 0.000412 BTC (.618 Fib).

unibtc-oct1-min
UNI/BTC Daily Chart. Source: TradingView.