Ethereum, Polkadot and SafeMoon – European Wrap 29 September

Ethereum price has been on a steady downtrend since September 7 and shows signs of pausing or reversing itself. However, ETH needs to set up a higher high above the recent swing points to do so.

 

ETH/USDT 6-hour chart

Polkadot price has been stuck in a consolidation phase for roughly a month. However, this trend might be coming to an end due to three significant reasons. As a result, investors can expect DOT to start a massive bull rally over the coming month.

 

DOT/USDT 12-hour chart

SafeMoon price could be headed further south as the altcoin continues to trend downwards, opening up the possibility of a big move in favor of the bears. The governing technical pattern has locked SAFEMOON within descending range as the token continues to struggle with any form of recovery.

SAFEMOON