BTC/Tether
USDT

cursors down
$1.00

The pair saw slight gains on the 20th of December and reached the 20-day moving average. This is an important level for bears to defend in the short term because a break above it could pave the way for a potential rally to $17,622 and then $18,387.

Alternatively, if the price declines from the moving averages and breaks below $16,256, the selling could accelerate and the pair could drop to $16,000 and then retest the pivot level of $15,476.

A flat 20-day exponential moving average and a relative strength index (RSI) near 47 do not give a clear advantage to either the bulls or the bears. This could lead to randomly choppy price action in the near term as both buyers and sellers try to assert their superiority.

ETH/USDT
ether
ETH

cursors down
$1,218

It bounced off the nearby support at $1,150 on December 20, indicating that the lower levels are attracting buyers. A relief rally has reached the 20-day moving average of $1,233 as the bears may mount a strong defense.

ETH/USDT daily chart. Source: TradingView
If the price breaks below the 20-day EMA, the bears will make another attempt to drag the ETH/USDT pair below the $1,150 support. If they can do that, the head and shoulders pattern will be completed in the near term. This setup has a target target of $948.

Alternatively, if buyers push the price above the moving averages, the pair could rise to $1,352. This level may again act as a major hurdle but if it is crossed, the rally could reach the downtrend line. The bears are expected to protect this level with all their might because a break above it could indicate a possible change in trend.

BNB/USDT
BNB
BNB

cursors down
$246

It rebounded from $220 on Dec 17, but the decline is facing a strong sell-off at the $250 breakdown level. This indicates that the bears are trying to turn the level into a resistance level.

BNB/USDT daily chart. Source: TradingView
Moving averages with a bearish slope and an RSI near 40 indicate that bears are in control. If the price declines and breaks below $236, the BNB/USDT pair could retest the support at $220. A break below this level could drop the pair to $200.

This negative view could be invalidated in the near term if buyers force the price above the 20-day moving average at $265. The pair could then extend its comfortable rally to the 50-day simple moving average (SMA) at $286 and thereafter to $318.

XRP/USDT
XRP
XRP

cursors down
$0.35

It fell below the $0.37 support on December 16, indicating that the bears have gained the upper hand in the near term. The price could swing in a wide range between $0.30 and $0.41 in the next few days.

XRP/USDT daily chart. Source: TradingView
Any rally higher is likely to face stiff resistance at the moving averages and again at $0.41. If the bulls want to gain the upper hand, they will have to push the price above $0.41. That could start a strong rally to $0.51.

On the downside, the crucial support to watch is $0.30. If this level is broken, the XRP/USDT pair may start the next leg down. The pair could then extend its decline to $0.25.

DOGE/USDT
Dogecoin
dog

cursors down
$0.08

It reached the important $0.07 level on December 19, as the bulls stepped in and tried to stop the decline. Buyers will try to push the price to the downtrend line, while bears will probably have other plans.

DOGE/USDT daily chart. Source: TradingView
The bearish sloping moving averages and the RSI near the oversold zone indicate that the path of least resistance is to the downside. Weak bounce from $0.07 will increase the possibility of breaking the support level. If this happens, the DOGE/USDT pair could drop to the next major support level at $0.05.

On the upside, the bulls will have to push the price and hold it above the downtrend line to attract more buyers. The pair could then rise to the general resistance at $0.11.

ADA/USDT
Cardano
ADA

cursors down
0.253 USD

It fell below $0.29 on Dec 16 exacerbating the selling, pulling the price below the support line. The sharp drop on the day also negated the positive divergence on the RSI.

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