Avalanche, Dogecoin & Bitcoin — Asian Wrap 06 September

AVAX price auctions at a key 61.8% Fibonacci Retracement level. Avalanche price shows an uptick in volume amidst the contact with the FIB level and RSI support. Invalidation of the bullish thesis depends on the June 18 swing low at $13.79 holding as support.

 

Dogecoin prices could become very volatile in the days to come. As sideways price action persists during the first trading week of September, On-chain metrics show high-cap players are returning to the market. Invalidation of the bearish thesis remains a breach above $0.118.

 

Bitcoin price currently auctions at $19,743 as the Volume Profile Indicator shows a significant uptick in transactions while BTC price remains stagnant. The mundane market movement comes after Bitcoin lost 20% of its market value last month. 

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