Here is the rewritten text with headings, bullet points, and summaries for each cryptocurrency:
Markets Outlook: Week in Review
This week’s markets outlook provides an analysis of various cryptocurrencies, highlighting trends, support levels, and potential price movements.
1. Bitcoin (BTC)
- No specific information provided about Bitcoin
2. Ethereum (ETH)
- Price down due to high interest rates and economic uncertainty
- Support level at $1,000
- Potential for a rally if interest rates decrease
3. Other Cryptocurrencies
Avalanche (AVAX)
• Selling accelerated after price broke below 20-day EMA ($45.64)
• Dipped below 50-day SMA ($39.94), indicating potential for further decline
• Potential stop-loss at $30.50 if price remains below 50-day SMA
Chainlink (LINK)
• Turned down sharply on Dec 18 and slipped below $23 support
• 50-day SMA ($18.82) is crucial support level to watch out for
• Potential rally to 20-day EMA ($24.26) if price rebounds off 50-day SMA
Toncoin (TON)
• Broke below 50-day SMA ($5.80) on Dec 18 and reached $4.72 to $4.44 support zone
• Bears have the upper hand, and buyers are expected to defend $4.44 level
• Potential for further decline to $3.50 if $4.44 level breaks
Dogecoin (DOGE)
• Plunged below 50-day SMA ($0.35) on Dec 19
• Bulls trying to arrest decline at 61.8% Fibonacci retracement level of $0.27
• Potential for further decline to breakout level of $0.23 if price turns down from overhead resistance
Cardano (ADA)
• Completed bearish head-and-shoulders pattern on Dec 19
• Long tail on Dec 20 candlestick shows bulls trying to defend breakout level at $0.80
• Potential for further decline to $0.69 if $0.80 level breaks
Avalanche’s (AVAX) AVAX
• Selling accelerated after price broke below 20-day EMA ($45.64)
• Dipped below 50-day SMA ($39.94), indicating potential for further decline
• Potential stop-loss at $30.50 if price remains below 50-day SMA
Chainlink (LINK)
• Turned down sharply on Dec 18 and slipped below $23 support
• 50-day SMA ($18.82) is crucial support level to watch out for
• Potential rally to 20-day EMA ($24.26) if price rebounds off 50-day SMA
Toncoin (TON)
• Broke below 50-day SMA ($5.80) on Dec 18 and reached $4.72 to $4.44 support zone
• Bears have the upper hand, and buyers are expected to defend $4.44 level
• Potential for further decline to $3.50 if $4.44 level breaks
Dogecoin (DOGE)
• Plunged below 50-day SMA ($0.35) on Dec 19
• Bulls trying to arrest decline at 61.8% Fibonacci retracement level of $0.27
• Potential for further decline to breakout level of $0.23 if price turns down from overhead resistance
Cardano (ADA)
• Completed bearish head-and-shoulders pattern on Dec 19
• Long tail on Dec 20 candlestick shows bulls trying to defend breakout level at $0.80
• Potential for further decline to $0.69 if $0.80 level breaks
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Note: This article does not contain investment advice or recommendations. Readers should conduct their own research when making a decision.
