Cryptocurrencies Price Prediction: Polkadot, Binance Coin & Tezos — Asian Wrap 07 September
|Polkadot Price Prediction: Sneaky bears aim for $4
Polkadot price shows the possibility of a decline targeting $4. Key levels have been identified. Polkadot price shows bearish technicals to start the first trading week of August. On Tuesday, September 6, the Polkadot price was rejected from both the 8- and 21-day simple moving averages.
Binance Coin Price Prediction: An Autumn rally targeting $500
Binance Doin price printed 2 impulsive waves during summer’s 80% rally. A Fibonacci Retracement Tool surrounding the 2nd impulsive wave places the recent swing low at a 50% FIB level. Invalidation of the uptrend scenario is 10 % below today's market value at 240.
Why the Tezos price remains in a bearish death hold
Tezos price shows short-term optimism, but being an early buyer remains ill-advised for reasons mentioned below. Tezos price currently auctions at $1.56 as the bulls have found support from the 8-day simple moving average (SMA). On intra-hour time frames, the XTZ price is testing the 21-day SMA.
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