Bitcoin and other altcoins are beginning to show signs of a possible trend shift however, a handful of negative dangers remain.Non-farm payrolls across the United States rose by 263,000 in November, exceeding economists expecting the increase to 200,000. Many analysts think that these figures remain high and don't provide any room to the Federal Reserve to slow down its rate hikes.

This is not in line with Fed Chairman Jerome Powell's comments made in the Brookings Institution, where he stated it was possible that central banks might slow down the pace of rate increases "as soon as December." The announcement triggered a significant increase in the price of risk assets. Following the most recent jobs report, market players will closely monitor the Fed's remarks and its decision at the December. 13 as well as Dec.14 meeting.

BTC- $16,996

It is in a strong hold. Coinglass research confirms that The Bitcoin monthly return in November in 2018, 2019 and 2021 were both negative, and of 2021 and then in 2018, there was another drop in December.

 

Do we see the same pattern repeating itself? Bitcoin decrease yet again in December, or will buyers emerge with a win and increase the price? Let's look at these charts for the 10 most popular cryptos to gain a deeper understanding.

BTC/USDT

Bitcoin rose above the ascending triangle and also the twenty-day exponential moving mean (EMA) at $16,949 as of November. 30. The first signal that the downward trend may be coming to an end.

Its 20-day EMA has been flattened as well as the index of relative strength (RSI) is barely below the midpoint. This indicates an equilibrium between demand and supply. This equilibrium will be shifted in the direction of the bulls should they lift the price over the overhead resistance of $17.622.

If buyers can maintain the price over this price The BTC/Tether

USDT-$1.00

The pair may gain momentum and climb towards the 50-day simple movement average (SMA) of $18,349. The SMA could act as a huddle, however it is most likely eventually crossed. The pair might then begin its march north towards $21,500.

 

If the bulls don't succeed in pushing prices above $17,622, the price may remain in a range for a bit longer time.

ETH/USDT

ETH-$1,259

It is still trading inside the descending channel pattern , however the bulls are working to turn the short-term edge to their advantage. Buyers drove the price up to its twenty-day EMA at $1,245 November. 30 indicating a the market is receptive to higher levels.

The bears may attempt to stop the price rise by putting it at the fifty-day SMA at $1,335. however the chance of a break above this is very high. If this occurs, the ETH/USDT price could rise to the resistance line in the channel. This could prove as a significant obstacle for bulls.

In the other case, failure to increase prices above the 50-day SMA could create an opportunity for bears to pull the price back to below its 20-day EMA. The pair may be able to recoup the gains made in recent days and decline to $1,151.

BNB/USDT

BNB-$288

It bounced above the moving averages November. 29. However, the bulls were unable to break through the overhead barrier of $300. This suggests that bears are selling rallies to relieve themselves.

The price dropped back under the moving averages in December. 2. The bears are trying to push the BNB/USDT pair down below $286. If they are able to make it happen, the pair may fall to $275, and then drop back to the level of $258, which is a strong support.

In contrast If the price goes upwards from its current levels and then reaches $306. it would suggest that buyers are trying to make to make a comeback. The pair may then try the climb to $338.

In the short term the flattish moving averages as well as the RSI near the midpoint suggest a range formation.

XRP/USDT

XRP-$0.39

The market failed to surpass the resistance in overheads of $0.41 on November. 30 and December. 1. This suggests that bears are firmly fighting the level.

 

XRP/USDT daily chart. Source: TradingView

The XRP/USDT currency pair has fallen beneath its 20-day EMA at $0.40 and bears are now trying to get the price to fall below $0.37. If they succeed then the pair could remain within the wide range of $0.30 as well as $0.41 to a couple days.

However when the price is turning upwards from the current price or $0.37 this will indicate buying the dips. The bulls will try to get the price to that 50-day SMA of $0.43 and begin an upward trend to $0.51.

ADA/USDT

Cardano

ADA-$0.317

The market is consolidating in a downtrend. The bullish divergence on RSI indicates that selling pressure might be reduced , and a recovery could be in the near future.

If the price rises to that 20 day EMA of $0.32 the ADA/USDT exchange could gain momentum and begin a climb to the downward trend line. The bears will defend themselves well at this time.

Contrary to what you think however, if the price goes downwards in relation to the 20-day EMA this will suggest that sentiment is still negative, and that traders are selling off gains. It could also decline to $0.29.

DOGE/USDT

Dogecoin's

DOGE-$0.10

The recovery is currently facing resistance near the 50 percent Fibonacci Retracement of $0.12. This indicates that bears are actively trading in higher prices.

The price is now at the breaking point of $0.09 that is a crucial level to keep an eye on for. A solid bounce-off could indicate that the bulls are flipping the support level.

Buyers will try to push the price up above $0.11 and resume the rebound. If they succeed, the DOGE/USDT exchange rate could reach the 61.8 percent retracement mark of $0.13.

If, on the other hand, the price falls below $0.09 this will indicate that the rebound may be finished. The pair might then drop until the moving averages, and then to $0.07.

MATIC/USDT

Polygon

MATIC-$0.9037

The price jumped above the moving averages at the end of November. 30, suggesting bulls are making a return. The price fell in December. 1. However, the bulls have been trying to convert that 20-day EMA of $0.89 to provide the support.

If buyers push the price higher than $0.97 The recovery may increase in speed and the MATIC/USDT currency pair could climb towards the overhead resistance of $1.05. The level could be an obstruction, but should buyers push the price over that level, then the price may be able to make a run towards $1.30.

In the event that the price falls below $0.97 The bears could attempt to drag the price below those moving averages. If this occurs, the pair may revisit the support area at the trend line up.

In the same vein: ApeCoin risks 30% plunge following APE stakes debut in December

DOT/USDT

Polkadot

DOT-$5.45

attempts to recover in an uptrend. After sitting around its 20-day EMA of $5.53 for two days, buyers lifted prices above the resistance on December. 2.The DOT/USDT currency pair may rise towards the 50-day SMA of $5.96 It could serve as a minor roadblock however it is more probable to cross it. The pair might then prolong the rally until below the downward trend line. A break or close above this resistance may signal an eventual trend shift.

The bears stopped two previous attempts to recover near the downward trend line, and they could attempt to hold the line. If the bears are determined to take control, they'll have to push the price back under 20 days EMA and break through the support at $5. The price could then fall to $4.32.

LTC/USDT

Litecoin

LTC-$79.98

It has been trading over the $75 mark for breakouts, however, bulls are now confronting a hefty resistance zone that lies between $80 to $84. This indicates that the bears aren't yet up.

Even though the moving averages that are upsloping provide buyers with an advantage However, the RSI is currently forming the bearish divergence. This suggests it is possible that momentum may be waning. The pair of LTC/USDT could be trapped in between and the 20-day EMA and $84 for some time.

A consolidation close to that overhead resistance generally an indicator of positive sentiment since it means that buyers aren't rushing to take profits. If the bulls can push the price over $84, a new upward trend could start and the price could rise to $104.

In the other case, if the price drops and reaches $70, it could begin a downward slide to that 50-day SMA ($61).

UNI/USDT

Uniswap

UNI-$6.14

The price jumped over the twenty-day EMA that was $5.74 in November. 30. It is the very first sign that bears could be losing their hold. Buyers may try to build their position by moving the price higher than that 50-day SMA at $6.17.

If they can accomplish that, the pair UNI/USDT might rally and reach levels above the line of resistance. The bears will defend the level with all their strength because If they fail this could suggest the triangle that is symmetrical might have been an inverted pattern. The pair might then initiate an up-move that goes from $8 to $10.

This positive perspective could be invalidated in the near future in the event that the price declines and falls under the 20 day EMA. The pair might then attempt to test that support line in the triangular symmetrical triangle.