Worth Evaluation: Prime 3 Cash To Watch From April twenty sixth – UNI, ALICE, & QTUM- The place Are They Heading?

After a fortnight of adverse strain, Bitcoin lastly managed to reverse and rebound again above the $50,000 degree in the beginning of this week. This rebound has introduced new life into the cryptocurrency trade and has began to assist a variety of altcoins to additionally begin a restoration this week. A few of them have even managed to go on and create new ATH costs.

Yesterday, we launched the highest altcoins to look at for the week. These included Uniswap (UNI), My Neighbour Alice (ALICE), and Qtum (QTUM):

To seek out out why we picked these tasks in a bit extra element, take a look at the article right here.

On this evaluation, I want to cowl these three cash to assist present some help and resistance you would possibly count on to maneuver ahead.

Uniswap Worth Evaluation

What has been occurring?

UNI is up by a robust 41.8% over the previous month of buying and selling because the cryptocurrency breaks resistance at $40 to set a brand new ATH right this moment at $42. The cryptocurrency is buying and selling inside an ascending worth channel and has been inside this for the reason that starting of February.

In the beginning of April, UNI was buying and selling at round $27.50 because it began to push larger. It managed to achieve $37.50 by the center of the month however dropped decrease from there till help was discovered on the decrease boundary of the ascending worth channel.

In the beginning of this week, UNI pushed larger from the decrease boundary of this worth channel and began to surge by a complete of 24% to achieve the ATH right this moment.

UNI has been surging fairly considerably after the announcement was made that they plan to improve to Uniswap V3 by Might fifth. We will count on additional worth will increase because the community improve continues to method.

UNI worth brief time period prediction: Bullish

UNI is taken into account strongly bullish proper now. The cryptocurrency would want to drop beneath the help at $30 to show impartial and must proceed additional beneath $23.50 (.5 Fib Retracement) earlier than being at risk of turning bearish.

If the sellers do push again beneath $40, the primary degree of help lies at $38 (.236 Fib Retracement). That is adopted by help at $35.68 (.5 Fib Retracement), $31.67 (.382 Fib Retracement), and $30.

The place is the resistance towards the upside?

On the opposite facet, the primary degree of resistance lies on the ATH worth of $42. Above this, resistance is discovered at $42.50, $43.87 (1.414 Fib Extension), $45.50, and $47.94 (brief time period 1.414 Fib Extension – purple).

Above this, extra resistance lies at $49.20 (1.618 Fib Extension – blue), $50, $50.96 (brief time period 1.618 Fib Extension – purple), $52.50, and $54.

My Neighbour Alice (ALICE) Worth Evaluation

What has been occurring?

ALICE solely began to commerce in March 2021 however has managed to collect virtually a $180 million market cap worth within the brief house of time. The cryptocurrency is down by round 17% over the previous month however has began to rebound this week after with the ability to get better 13% of the earlier losses.

The 4HR chart above reveals the prolonged downtrend that ALICE has confronted since launching on Binance. The coin dropped as little as $6.12 (draw back 1.272 Fib Extension) final week and has since rebounded larger.

In the present day, it’s at present testing resistance at $10.70 which is offered by a bearish .382 Fib Retracement degree. It has dropped barely from there but in addition has brief time period help at an ascending pattern line.

ALICE is ranked within the 240th place with its $180 million market cap.

ALICE worth brief time period prediction: Impartial

ALICE needs to be thought-about impartial proper now. THe cryptocurrency would want to interrupt the April highs round $16 earlier than with the ability to be thought-about as bullish once more. A drop beneath $6.12 is more likely to flip the market bearish.

If the sellers do push decrease the primary help lies at $9. That is adopted by $8, $7.50, $7, and $6.12 (draw back 1.272 Fib Extension). Beneath $6, added help lies at $5.50 and $5.10.

The place is the resistance towards the upside?

On the opposite facet, the primary resistance lies at $10.70 (bearish .382 Fib Retracement). That is adopted by resistance on the falling pattern line, $12.10 (bearish .5 )Fib Retracement, $13.52 (bearish .618 Fib Retracement), $14, and $15.50 (bearish .786 Fib Retracement).

Further resistance lies at $16, $18.11, $20, and $20.75.

Qtum (QTUM) Worth Evaluation

What has been occurring?

QTUM is perhaps down by a complete of 16% over the previous week however the cryptocurrency continues to be up by a robust 70% over the previous month. The coin began buying and selling at round $10 at first of April and it went on to set a brand new ATH above $20 in the course of the month.

Extra particularly, it failed to shut a day by day candle above $18.50 and began to go decrease over the previous fortnight. Fortunately, it managed to seek out help at $11.43 (.5 Fib Retracement) and has since rebounded from there.

QTUM worth brief time period prediction: Bullish

QTUM stays bullish proper now however should break $18 for the bull run to proceed. A break beneath $9.80 (.618 Fib Retracement) would flip the market impartial and an additional drop beneath $8.00 would flip it bearish.

If the sellers push decrease, the primary degree of help lies at $13 (.382 Fib Retracement). That is allowed by help at $12, $11.43 (.5 Fib Retracement), $11, and $9.80 (.618 )Fib Retracement.

The place is the resistance towards the upside?

On the opposite facet, the primary resistance lies at $15.10. That is adopted by resistance at $16, $17, $18.20, $19, and $20. Past $20, resistance lies at $20.33, $21.55, $22, $23.27, and $24.

Earlier Technical Evaluation

At CoinCodex, we repeatedly publish worth evaluation articles targeted on the highest cryptocurrencies. Here is 3 of our most up-to-date technical evaluation articles:

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