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Tuesday, September 21, 2021

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Ethereum, IOTA, BitTorrent Price Analysis: Aug 21




Bitcoin’s rally above $ 48,000 spurred buying in the general market, but did not cause an explosion. Ethereum consolidated between $ 3,290.27 and $ 2,977.68. IOTA, on the other hand, jumped 5.1% while looking at its next resistance at $ 1.11. Also, with higher sustained highs, BitTorrent could drop above the $ 0.0046 resistance level.

Ethereum (ETH)

Ethereum is up 2.5% in the last 24 hours and traded at $ 3,290.27. It stabilized above its $ 2977.68 support level while showing signs of consolidation. If prices stay around the same level during the next trading sessions, ETH could break to the upside to test $ 3,322.80.

Technical data, however, pointed towards mixed signs on the 4-hour chart. Awesome oscillator highlighted the green signal bars and highlighted the positive price action. The buying force recovered from the bearish zone, as the Relative Strength Index It stood near the 60 mark.

MACD It also emanated bullish signals, although the green bars on its histogram were retreating during the last few sessions. In the event of a price reversal, ETH could find support at $ 2,977.68.

IOTA

Ethereum, IOTA and BTT Price Analysis - Aug 21

IOTA / USD, TradingView

IOTA jumped 5.1% on its chart over the past day and was priced at $ 1.09 at press time. The alt prepared to touch its immediate resistance at $ 1.11 as it pulled away from its $ 0.96 support level. The technicians remained quite positive for IOTA.




In case IOTA manages to break down $ 1.11, it could aim to test the $ 1.21 resistance. MACD displayed green bars on the histogram. Bollinger Bands showed divergence, indicating probable possibilities for greater market volatility.

Awesome oscillator registered green signal bars. On the other hand, IOTA support areas are at $ 0.96 and $ 0.79.

BitTorrent (BTT)

Ethereum, IOTA and BTT Price Analysis - Aug 21

BTT / USD, TradingView

BTT increased 2.6% in the last 24 hours. Trading at $ 0.0044, at press time it was moving in a limited range. If it continues to form higher highs, it could soon drop above the $ 0.0046 and $ 0.0049 resistance lines.

The indicators showed mixed price movements in the market. Awesome oscillator It pointed to green signal bars and also showed a buy signal for traders. Consequently, the Relative strength The index moved above the midline and hovered near the 50 mark as buying pressure gained some traction.

Receding green bars were observed on the MACD histogram as it was about to undergo a bearish crossover. If the aforementioned statement is true, BTT could fall to the $ 0.0040 and $ 0.0035 support levels.

This is a machine translation of our English version.

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TAMMY SEWELL
Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: [email protected] Phone: +1 513-209-1700

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