Mar 22,2021
Bee Column: The 3 cryptocurrencies to watch this week

UNI/USD

Uniswap (UNI) is currently consolidating between US$27.97 and US$35.20. The bulls tried to resume the uptrend on March 20, but the long wick on the candlestick and the red closing price indicated that the profit was booked to be close to $35.20.

However, there are no follow-up sales today. Both moving averages are sloping upwards and the RSI is in the positive zone, which indicates that the path of least resistance is upwards. If the bulls can push the price above US$35.20, the UNI/USD currency pair may start the next phase of an uptrend, raising it to US$42.43 and then to US$46.

THETA/USD

In the past few days, THETA has been in a strong upward trend. The token rose to a record high of $8.97 on March 19, but witnessed the higher profit record seen by the long candle wick on the candlestick that day.

The bulls pushed the price to a record high again today, which shows that the uptrend has resumed. THETA/USD may rebound to $10.35 and then rise to $12.35. The rising moving average and the relative strength index in the overbought zone indicate that the bulls are in a dominant position.

UNI/USD

Filecoin’s FIL token is in a strong upward trend. After the sharp rebound on March 16th and 17th, short-term traders appeared to have been accounted for, which led to a slight correction on March 18. However, a small pullback is a positive sign because it shows that most traders are doing this. Do not rush to the exit.

The bulls are trying to maintain FIL/USD above $73.79, just below the 38.2% Fibonacci retracement level of $75.74. If the bulls succeed, the currency pair may rise to $96.66 again.

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