(BTC) was relatively quiet over the weekend. It indicates traders that they are taking it easy and not making large bets prior to the Federal Open Market Committee meeting March 15-16. Quantity of rate increases could be the next catalyst for crypto markets.

Analysts have been left wondering about the neutrality of Bitcoin’s current setup. Analytical resources material indicators suggested that Bitcoin may plunge. However, they advised investors to be ready to buy the dip as they believe that the “bounce can change your life.”

A Price Waterhouse Coopers‘ Sports Outlook 2022 report for North America highlighted three use cases for nonfungible tokens, or NFTs, which could shape the future of sports. NFTs, and digital assets, are the two most important trends for the industry.

Is there a chance that the cryptocurrency markets will make a significant directional shift in the short term? Let’s study the charts of the top-five cryptocurrencies that may participate in a rally if the bullish sentiment picks up.

BTC/USDT

On March 12, and 13, Bitcoin created a Doji candlestick pattern, indicating that there was indecision between the bears and bulls. Price is currently stuck at $39,810 between the exponential moving average of 20 days (EMA) and horizontal support at $37,000

The 20-day EMA remains flattish while the relative strength index, (RSI), just barely falls below the midpoint. These indicate a balance in supply and demand.

If the price increases and breaks the SMA of $39978 for 50 days, then the bulls will try to push USDT (BTC/Tether) above $42,600. They could see the price rise to $45,400, then rallying to resistance at the channel.

If the price falls below $37,000, bears will see an opportunity. This will allow the sellers to try and pull the pair down below the support level of the channel. This move can clear the way for a potential drop of $30,000.

They are forming a downward triangle pattern that will end on a break below strong support of $37,000. This could lead to a drop of $34,322, and then the pair may begin its journey towards pattern goal at $29,250.

If bulls keep the price above 50 SMA, then the pair can rise to the downtrend. If the pair breaks or closes below this level, it will end up being a bearish pattern. The pair could then rally to $45,400, which would attract buyers.

DOT/USDT

For the last several months, (DOT has been in an uptrend. But the bulls are trying for a bottom in that zone of $16 to $14. Although the price rose above $17 at the 20-day EMA, the bulls were unable to break the $18 barrier at the 50 day SMA.

Positive news is the fact that bulls are not losing ground on the 50-day SMA. It suggests traders are holding firm to their positions, anticipating that resistance will be broken. The DOT/USDT pairing could rise to $23 overhead resistance, where bears might again present a challenge.

The flattish 20day EMA is and the RSI at the midpoint indicate a range-bound short-term action. The bears may attempt to lower the pair below $16 if the price falls from the 50 day SMA. They may be able to retest $14 as critical support if successful.

Four-hour charts show that the price fluctuated between $16 to $19. The buyers’ inability to push the price higher than the overhead resistance could have resulted in short-term traders taking profit. The price climbed to the 50 SMA.

The 200-SMA will indicate that the bulls are buying dips if the price goes above it. Buyers will attempt to push the price higher than $19 overhead resistance. They will then attempt to drive the price above $19, which is an overhead resistance. The pair might rise to $20 or even make a move towards $23.

A break below the 50 SMA could increase the chance of the price dropping to $16.

RAVE/USDT

Ravendex’s March 14th, 2022 price analysis confirms that RAVE token is slightly bullish due to a spike in bullish volumes and has risen above the $0.0036 level. As we have noted, RAVE’s March 11th price analysis shows that the closest resistance to the token is $0.004, which has been failed since weeks. However, we have not yet broken this resistance.

CoinMarketCap data shows that RAVE’s trading volume has decreased 7.61% within the last 24 hour, with a 1.92% increase in the diluted market. The price for 1 RAVE was $0.003823 at the time this article was published. Ravendex also has a low record for Ravendex, which was recorded on Jan 11, 2022 at $0.00121. Its high point was not reached until 0.02453 US.

Ravendex’s daily candle opened at $0.00389, and hit a high of $0.003900 on the daily. RAVE’s daily low is $0.00385. The token’s current price is $0.00385, 84.30% lower than the all-time high.

Ravendex Price Analysis for March 14, 2022, will use the most reliable indicators from the 4-hour chart.

MACD indicates that MACD and signal lines are extremely close, so the odds of a bullish breakout seem low.

The RSI indicator indicates that bulls control a time span of 4 hours. However, the gradient of today’s line is slight negative. This could indicate lower prices.

Ravendex’s price action is located at the top of Bollinger Bands, which indicates that bullish momentum prevails.

SAND/USDT

For the last several weeks, Sandbox (SAND), has been trading in a range between $2.55 to $4.86. The bears pulled the price below the 200-day SMA of $3.15 on March 4 but haven’t been able to break the support at $2.55.

It indicates that accumulation is near the support range. This indicates that bearish momentum could be weakening.

Bulls will attempt to raise the SAND/USDT rate above its 200-day SMA, if it rises. A break above the 200-day SMA could lead to a rise in the price of the SAND/USDT pair to $3.51 at the 50 day SMA. If the resistance is broken, it could lead to a rally up to $4.50 or even $4.86.

If the price falls below $2.55, this bullish outlook will be invalidated in the near term. It could indicate a reprise of the downtrend.

On the 4-hour chart, the 50-day SMA is acting as stiff resistance. The pair may drop below the $2.70 level if bears lose faith. If bears break below $2.70, a close above this level may indicate an advantage.

The bulls must push the price higher than the area between the 50 SMA and $3.00 to counter this perception. If that happens, the pair may rally to $3.42.

ZEC/USDT

Zcash, ZEC broke the $135 resistance. This created a double bottom pattern. On March 10, Zcash (ZEC) broke above $135 resistance, which signaled that bulls have returned to the game.

The bears want to bring the price down below the 200 day SMA, and attempt to challenge $135 as the breakout point. The bulls must defend this level as a breach below could indicate that recent breakout was a bear trap. The ZEC/USDT exchange rate could drop below the $114 50-day SMA.

The price rebounding from the $135 level will indicate that traders are still buying dips and the sentiment is positive. The bulls will try to get the pair higher than $160 in order to resume their up-move. $189 is the target price for the breakout of the double bottom pattern.

While the price fell below the 20 EMA on the 4-hour chart, the bears have been unable to hold the low levels. The bulls will continue to buy at every slight dip. Bulls are now going to try and push the price higher than $160 in order to resume their uptrend. Rising 20-EMA and RSI indicate the upward path.

Contrary to popular belief, selling momentum could be accelerated if the overhead resistance is broken and the price falls below $143. This could lead to the pair dropping below $135.

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