Interest in Bitcoin (BTC) has surged significantly subsequently its rally above $10,000 and if the bulls can sustain the price to a higher place this psychological level, it is likely to attract further attention. While it is hard to pinpoint the exact reason for this resurgence, a host of factors such as the Prc coronavirus scare, the upcoming Bitcoin halving, word of launching a cardinal bank digital currency past various countries, and the increased institutional adoption of cryptocurrency might all exist contributing to the rally.

An important highlight of the crypto rally in 2022 is that it has been wide-based. Several major altcoins take fabricated a precipitous improvement, which shows wider participation past investors. Barring a few altcoins, the rise in most major cryptocurrencies has been gradual. Such uptrends usually tend to sustain for a long menstruation. Therefore, when a the trend is firmly established, traders should look to buy on every dip.

Daily cryptocurrency market performance. Source: Coin360

Yet, every upwards motility has its share of shakeouts. In every bull phase, there are periodic abrupt corrections that scare the weaker hands and concenter the investors with greater conviction. Here too, we wait a few abrupt falls that will examination the investors' patience. We volition effort to spot these beforehand to the best of our ability so that traders can position themselves accordingly.

Let's clarify the charts of the major cryptocurrencies to run across if the uptrend can continue for a few more days or whether a pullback around the corner.

BTC/USD

Subsequently failing to sustain above the overhead resistance at $ten,360.89, Bitcoin (BTC) has dipped back below it. Nonetheless, the positive thing is that the bulls have non given upwardly much ground, which shows that the investors expect the uptrend to resume.

BTC USD daily chart. Source: Tradingview

Both moving averages are sloping upwardly and the RSI is close to the overbought zone, which shows that bulls have the upper hand.

The price might dip to the 20-24-hour interval EMA, which is likely to act every bit a strong support. A potent bounce off the xx-day EMA will increase the possibility of a move above $10,360.89. If successful, the BTC/USD pair might gradually motion upward to the downtrend line, which is at $11,500.

Notwithstanding, information technology is unlikely to exist an easy ride up for the bulls because nosotros conceptualize the bears to mount a potent resistance in the $10,360.89 to $xi,000 zone.

Contrary to our assumption, if the bears sink the toll below the 20-mean solar day EMA, the sentiment will turn negative. A deeper correction volition be signaled if the price dips below the contempo support at $9,097.15. Therefore, the traders can go along the stop loss on the remaining long positions at $viii,900.

ETH/USD

Ether (ETH) remains in a strong uptrend. It had been trading close to the $265 levels for the past ii days. This shows that fifty-fifty afterwards the recent sharp rally, the traders are not booking profits on their positions.

ETH USD daily nautical chart. Source: Tradingview

If the price consolidates shut to the electric current levels for a few days, the uptrend is probable to resume. The next target objective is $289.221 and above it $318.238. If the momentum remains potent, the rally can fifty-fifty extend to $366.

However, we remain cautious in the short-term as the RSI is deep in the overbought territory. If the next dip bounces off the contempo breakout level of $235.seventy, the bulls will attempt to resume the up movement.

Our bullish view will be invalidated if the ETH/USD pair dips and sustains below the breakout level of $237.70. The traders can keep the stops on the remaining long positions at $210. Nosotros shall propose abaft the stops higher later the price sustains above $289.221.

XRP/USD

XRP broke higher up the overhead resistance at $0.31503 on February. 13, which completed the rounding bottom pattern. This setup has a target objective of $0.45538. Currently, the bulls are attempting to defend the overhead resistance at $0.34229.

XRP USD daily chart. Source: Tradingview

If the bulls tin can push the price in a higher place $0.34229, the upwards move will resume. Higher up this level, the next target to picket out for is $0.forty.

Nonetheless, if the bears sink the cost dorsum below $0.31503, the XRP/USD pair can dip to the twenty-day EMA at $0.274. A bounciness off this level will increase the possibility of a pause in a higher place $0.34229.

Conversely, if the bears sink the price beneath the 20-solar day EMA, a deeper correction is likely. For now, the stops on the long positions can be retained at $0.26. The stops can be trailed higher after the pair sustains above $0.34229.

BCH/USD

Bitcoin Cash (BCH) is nearing the psychological resistance at $500. We expect the rally to face up potent resistance in the $500-$515 zone. However, if the momentum can push the toll above this zone, a move to the resistance line of the ascending aqueduct at $550 is possible.

BCH USD daily chart. Source: Tradingview

The contempo up motility has pushed the RSI deep into the overbought territory, which suggests that the rally is overextended in the short-term.

If the BCH/USD pair turns down from the current levels or from the overhead resistance zone, it tin can dip to the support line of the channel. A breakdown below the aqueduct will turn the tide in favor of the bears.

BSV/USD

Bitcoin SV (BSV) has pulled back to the breakout level of $337.eighty. Nosotros anticipate the bulls to defend this level aggressively. If the price sharply bounces off $337.fourscore, it will in one case again attempt to resume the uptrend towards the lifetime highs.

BSV USD daily nautical chart. Source: Tradingview

Yet, if the bears sink the BSV/USD pair below $337.80, a driblet to the xx-twenty-four hours EMA at $316 is possible. If the price bounces off the 20-day EMA, the bulls volition once over again attempt to resume the up motility.

Conversely, a intermission below the 20-solar day EMA can drag the price back towards the critical support at $236.

LTC/USD

The bears are trying to defend the $80.2731 levels but they have not been able to sink Litecoin (LTC) to the adjacent support at the 20-twenty-four hour period EMA. This is a positive sign as it shows a lack of sellers at these levels.

LTC USD daily chart. Source: Tradingview

If the bulls tin can sustain the toll above $85, the LTC/USD pair tin move up to its target objective of $96.439.

Conversely, if the bears sink the price below $eighty.2731, a drop to the 20-24-hour interval EMA at $71.68 is possible. A bounciness off this support will continue the uptrend intact. However, if this support cracks, a drop to $66.1486 is possible.

EOS/USD

EOS has been facing resistance most $5.v levels. Still, the bulls have not given upward much ground, which shows buying even on pocket-size dips. A break to a higher place $5.5 tin push the cost to the $6-$six.four zone where nosotros expect the bears to mount a stiff resistance.

EOS USD daily nautical chart. Source: Tradingview

If the momentum tin carry the EOS/USD pair to a higher place the overhead resistance zone, the uptrend can extend to $7.60.

However, the precipitous up move of the past few days has pushed the RSI deep into the overbought territory. This points to a possible consolidation or a minor correction in the next few days.

The showtime support to watch on the downside is $4.8719 and below it the twenty-day EMA at $iv.61. If this support holds, the bulls volition again attempt to resume the up move. Our bullish view will be invalidated if the bears sink the price below $four.24.

BNB/USD

Binance Money (BNB) turned downward from $27.1905 on Feb. 13. The bears will at present try to elevate the price to the support at $23.5213. If the price bounces off this support, the bulls will try to resume the up move.

BNB USD daily nautical chart. Source: Tradingview

The first target on the upside is $29 and above it $32. We expect the bears to defend the $32 level aggressively.

Contrary to our assumption, if the BNB/USD pair loses ground and dips beneath the support at $23.5213, it tin can drop to $21.80. A breakdown below this level will signal a deeper correction. Therefore, the traders tin protect their long positions with stops at $21. The stops can exist trailed college after the toll scales above $29.

XTZ/USD

Tezos (XTZ) dipped to $two.9191 on Feb. 13 afterwards reaching a loftier of $three.5989 on Feb. 12. However, the pullback was curt-lived equally the bulls accept aggressively purchased the one-day autumn. This shows that the bulls are buying on modest dips instead of waiting for a deeper autumn.

XTZ USD daily chart. Source: Tradingview

The bears could not even sink the toll to $ii.7809234, which corresponds to the 38.two% Fibonacci retracement level of the most recent leg of the rally. This shows that the sentiment is hugely bullish.

If the bulls can push and sustain the XTZ/USD pair above $3.5989, the rally can extend to $4.eight with a minor resistance at $3.86. It is hard to phone call a top when an asset is backed by strong momentum. However, when the rally gets vertical, the traders should keep trailing the stops higher because the risk of a deeper pullback increases exponentially.

ADA/USD

Cardano (ADA) remains in a potent up move. However, the deeply overbought reading on the RSI suggests that the rally has run alee of itself in the short-term. Therefore, a few days of consolidation or a small-scale correction is possible.

ADA USD daily chart. Source: Tradingview

The previous resistance of $0.065229 will now deed as a support on whatsoever pullback. If the price bounces off this level, the bulls will attempt to resume the up move. The target objective on the upside is $0.08 and above it to $0.10.

However, if the bears drag the cost below $0.065229, the ADA/USD pair can drib to the 20-day EMA at $0.0588, which is once again likely to act as a strong back up. The tendency will weaken on a interruption below $0.0560221. The traders can protect their newspaper profits on the remaining long positions with a cease loss at $0.06.

The views and opinions expressed hither are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading motility involves adventure. You lot should acquit your ain research when making a decision.

Market data is provided by HitBTC commutation.