要約

The nine-month downtrend depreciated theFTT/USDT pair by75%, reaching a low of$21.5. This support level previously stalled May 2021 downfall and bolstered the rally. A potential reversal from this support should breach the significant supply region for additional confirmation. If the buyers regain trendcontrol, the altcoin may rise to ATH of$85and, with sufficient bullishmomentum, $102. The MANA/USDT technical chart showcased a steady downfall since the November 2021 ATH of$5.9. This downfall slumped the meta coin by89.75% and hit the$0.731mark, which is the same support level that bolstered the October 2021 bull rally. While the largest cryptocurrency-Bitcoin shows sustainability above the$20000, the MANA chart reflects the formation of morning star candle patterns near the$0.8 support zone. indicator- the faded red bars in the histogram chart show weakening of bearishmomentum.Moreover, the MACD slope gradually nearing the signal line for a bullish crossover would offer an extra edge for long traders.

本文翻訳

The ongoing correction phase in the crypto market started in November 2021, after several major cryptocurrencies witnessed All-Time Highs. However, this downfall has tumbled even the strong projects by 70-80%, bringing a heavy discount for interested traders. Today, we’ll analyze some of these altcoins whose post-correction rally can offer exceptional returns. ETH Buyers Mount Strong Support At $1000 Source- Tradingview On 16th November 2021, the second-largest cryptocurrency Ethereum(ETH), marked a new All-Time-High of $4891. However, the ongoing retracement breached some crucial support levels and plunged to a current low of $896.11, registering an 81.6% loss. Anyhow, the coin buyers managed a weekly candle closing above $1000 and sustained this psychological level. Moreover, the lower price rejection candles at the aligned support $1000 and 0.786 Fibonacci retracement level, projecting a high demand zone. This support level holds the potential to form a bottom and could bolster the ETH price to start rallying again. The $2000 breakout should give an additional confirmation for recovery. Furthermore, the potential rally could surge to the ATH mark of $4891 or under a strong bullish scenario, and the trend-based Fib-extension suggests $5665. Relative Strength Index- the weekly-RSI slope has nosedived into the oversold region, indicating the sellers have overextended the downtrend. As a result, the discounted price could attract more buyers and encourage a bullish reversal from $1000. FTT Price Retest The Yearly Support Of $21.5 Source- Tradingview The nine-month downtrend depreciated the FTT/USDT pair by 75%, reaching a low of $21.5. This support level previously stalled May 2021 downfall and bolstered the July-August bull rally. Last week, altcoin barely touched this support level and reverted by offering a long-tail rejection. Moreover, a 0.786 Fibonacci retracement level located at the same position increase weightage of this demand zone. A potential reversal from this support should breach the significant supply region for additional confirmation. If the buyers regain trend control, the altcoin may rise to ATH of $85 and, with sufficient bullish momentum, $102. Vortex indicator- a significant spread between the bearishly aligned VI+ and VI- slope indicates sellers maintain an upper hand over buyers. This indicates the altcoin may witness a consolidation phase before rallying higher to replenish the bullish momentum. MANA Price Forming Morning Star Candle at $8 Demand Zone Source- Tradingview The MANA/USDT technical chart showcased a steady downfall since the November 2021 ATH of $5.9. This downfall slumped the meta coin by 89.75% and hit the $0.731 mark, which is the same support level that bolstered the October 2021 bull rally. While the largest cryptocurrency-Bitcoin shows sustainability above the $20000, the MANA chart reflects the formation of morning star candle patterns near the $0.8 support zone. The potential recovery must reclaim the $1.7 mark to gain better confirmation for a bull rally. If the buying pressure persists, the coin price could revisit the ATH($5.9), indicating a 588% growth potential. MACD indicator- the faded red bars in the histogram chart show weakening of bearish momentum. Moreover, the MACD slope gradually nearing the signal line for a bullish crossover would offer an extra edge for long traders.

引用リンク

出典：https://coingape.com/markets/best-altcoins-to-buy-amid-correction-5x-10x-potential-returns/