Bitcoin (BTC) failed to hold its profits and succumbed to profit posting in the U.S. trading markets earlier in the week, possibly suggesting the bears have not given up yet.

PlanB, creator of the popular BTC stock-to-flow model, doesn’t seem to be put off by the dull price movement of the past few days. The analyst believes his worst-case scenario forecast of $ 98,000 through December 1 and $ 135,000 through January 1 will stand.

Long-term owners don’t seem to be waiting for higher levels, however, and have started to post profits, according to analyst William Clemente, who cited Glassnode data. According to Clemente, “the distribution on the bull market has started”.

Daily performance of the cryptocurrency market. Source: Coin360

Not everyone is optimistic about Bitcoin. Billionaire fund manager Kyle Bass told Investor’s podcast network that Earning money with Bitcoin will be “really difficult” from the current level due to the intensive regulation by the US government.

Could lower levels attract bull buying or will traders continue to make profits? Let’s check out the top 10 cryptocurrency charts to find out.

BTC / USDT

Bitcoin bounced off the 20-day exponential moving average (EMA) ($ 63,232) on November 12, but the bears are challenging in the overhead resistance zone at $ 67,000 to $ 69,000.

BTC / USDT daily chart. Source: TradingView

The relative strength index (RSI) has formed a negative divergence, suggesting that bullish momentum may be wearing off. The BTC / USDT pair has formed a bearish rising wedge pattern that completes on a break and closes below the support line.

When this happens, it suggests that traders are aggressively posting gains and it may slide down to the simple 50-day moving average (SMA) ($ 58,396). The pattern target of the rising wedge pattern is $ 53,770.

Contrary to this assumption, if the price rises from current levels and breaks above $ 67,000, the next stop could be at $ 69,000. A break and close above the resistance line of the wedge could open the doors to a possible rally to $ 75,000.

ETH / USDT

Ether (ETH) fell below the support line of the ascending channel on February 14th, but the long tail of the daily candle indicates strong buying at lower levels. The bulls tried to resume the uptrend today but the long wick on the candle suggests a sale near the $ 4,800 mark.

ETH / USDT daily chart. Source: TradingView

The bears will now make another attempt to drag and hold the price below the channel’s support line and the 20-day EMA ($ 4,491). If they are successful, it indicates a change in the short-term trend. The ETH / USDT pair could then fall to the 50-day SMA ($ 3,980).

Conversely, if the price bounces off the support line again, it suggests that the bulls are aggressively defending this level. Buyers will then attempt to break the $ 4,868 hurdle and push the pair to the psychological level at $ 5,000. The bullish momentum could continue to pick up if the bulls lift price above the channel.

BNB / USDT

Binance Coin (BNB) is trying to break the November 7th high at $ 669.30, but the bears are in no mood to give way. They aggressively defend overhead resistance.

BNB / USDT daily chart. Source: TradingView

The BNB / USDT pair formed a doji candlestick pattern on Nov. 14, signaling indecision between bulls and bears. If this downside uncertainty clears, the pair could slide to the 20-day EMA ($ 593).

The bears will need to pull the price below $ 573 to deepen the correction to the 61.8% Fibonacci retracement level at $ 524.70.

On the flip side, if the price rises from current levels or the 20-day EMA, it suggests that sentiment will remain positive and traders will buy on dips. A break above $ 669.30 could re-test the all-time high at $ 691.80. Bullish momentum could pick up if buyers push and hold the pair above this level.

SOL / USDT

Solana (SOL) rebounded from the support line of the ascending channel on Nov 13, suggesting bulls will continue to buy on dips. The bulls will now attempt to push the price above the overhead resistance at $ 248 and challenge the all-time high at $ 259.90.

SOL / USDT daily chart. Source: TradingView

The rising moving averages and the RSI in positive territory indicate that the path of least resistance is up. If the bulls push the price above the all-time high, the SOL / USDT pair could rise to the resistance line of the ascending channel.

This positive view will be invalid if the price drops from current levels and falls below the support line of the channel. This could pave the way for a possible decline to the 50-day SMA ($ 189).

ADA / USDT

Cardano (ADA) has traded below the 20-day EMA ($ 2.06) for the past three days, but the bears failed to capitalize on it and dragged the price to the strong support at $ 1.87.

ADA / USDT daily chart. Source: TradingView

The flat 20-day EMA and the RSI just below the middle point to a near-term range.

If bulls are driving price above the downtrendline, it suggests that the bears may be losing their footing. The ADA / USDT pair could then move to the overhead resistance at $ 2.47 where the bears could build stiff resistance again.

Alternatively, the pair could fall to $ 1.87 if the price drops down from current levels. The bears will need to pull the price below this support to signal the start of a downtrend.

XRP / USDT

Ripple (XRP) has held above the 20-day EMA ($ 1.17) for the past few days, but the bulls are struggling to push the price above the overhead resistance at $ 1.24. The long wick on the November 15th candlestick suggests that bears are selling at higher levels.

XRP / USDT daily chart. Source: TradingView

Failure to push the price above $ 1.24 may result in profit bookings from short term traders. This could pull the price towards the 50-day SMA ($ 1.10). If that support breaks too, the bears may sense an opportunity and seek to bring the XRP / USDT pair below $ 1.

On the contrary, if price bounces off current levels and breaks above $ 1.24, it suggests that buyers have overwhelmed the bears. That could pave the way for a possible rally to $ 1.41. The cops have to take this hurdle to get the upper hand.

DOT / USDT

Polkadot (DOT) broke below the 20-day EMA ($ 47.15) on November 10, but the bears failed to extend that advantage and lower the price to the 50-day SMA ($ 41.33). This suggests that traders are buying at lower levels.

DOT / USDT daily chart. Source: TradingView

The DOT / USDT pair has been clinging to the 20-day EMA for the past few days, increasing the prospect of a break above it. If so, the pair could rise to $ 49.78 and then challenge the all-time high of $ 55.09.

Conversely, the pair could slide to the 50-day SMA if the price declines from current levels to below $ 44.04. The bears will have to drag the price below the strong support at $ 40 to gain the upper hand.

Related: Litecoin struggles with “double top” risk after the LTC price rose 37% in November

DOGE / USDT

Dogecoin (DOGE) has been trading between the moving averages for the past few days. The bulls pushed price above the 20-day EMA ($ 0.26) on November 14, but the long wick on the candle suggests the bears are aggressively defending the downtrend line.

DOGE / USDT daily chart. Source: TradingView

The 20-day EMA has flattened and the RSI is near the middle, suggesting an equilibrium between bulls and bears.

A breakout and close above the downtrendline are the first signs that selling pressures may ease. The DOGE / USDT pair could then rise to $ 0.30 and later to the overhead resistance at $ 0.34.

On the contrary, sales could pick up if bears pull the price below the 50-day SMA. The pair could then fall to $ 0.22 and hit $ 0.19 alongside strong support.

SHIB / USDT

SHIBA INU (SHIB) has fluctuated above and below the 20-day EMA ($ 0.000053) for the past few days, indicating a lack of clear direction.

SHIB / USDT daily chart. Source: TradingView

The flat 20-day EMA and the RSI near the middle point to a balance between supply and demand. If buyers push the price above $ 0.000057, the SHIB / USDT pair could attempt to rebound to the overhead resistance at $ 0.000065.

On the downside, a break below $ 0.000048 could open the doors to a possible decline to the strong support at $ 0.000043. The next trend move could begin on a break above $ 0.000065 or on a break below $ 0.00043.

MOON / USDT

Terra’s LUNA token rebounded from the 20-day EMA ($ 48.23) on Nov. 13, suggesting that bulls will continue to buy on dips to that support. The rising moving averages and the RSI in positive territory show that buyers have the upper hand.

LUNA / USDT daily chart. Source: TradingView

The LUNA / USDT pair formed an inside-day candlestick pattern on Nov. 14, suggesting indecision between bulls and bears.

If the bulls push the price above $ 53.43, the pair could retest the all-time high at $ 54.95 and then rebound to the resistance line of the wedge. Bullish momentum could pick up if buyers push the price above the resistance line.

This bullish view will be invalidated if price goes down and falls below the support line of the wedge. This could drag the price towards the 50-day SMA ($ 43.26).

The views and opinions expressed are those of the author only and do not necessarily reflect the views of Cointelegraph. Every investment and trading movement involves risks. You should do your own research when making a decision.

Market data is provided by HitBTC Exchange.