BNB-USDT(Symmetrical Triangle Breakout)Binance is the talk of the town and is trading near its all-time highs fueled by ~$595 Mn token burn. The insignificant growth of the DeFi protocols on Binance smart chain has also contributed to push the BNB price higher.
On Daily Time Frame, Binance has been trading in a Symmetrical Triangle and has given a fresh breakout from its resistance level of $600.
Key Levels to watch out for:
The breakout is most likely to trigger the prices higher to the levels of $745 .
The support to the lower side is present at $580 .
Toptradingsignals
ETH-USDT(Consolidation Breakout)On Daily Time Frame, Ethereum has been trading in a Consolidation range and has given a decent breakout.
In the past week when the crypto markets tumbled, Bitcoin is still ~16% short from its ATH while Ethereum is trading at its ATH. It signifies the strength and momentum behind this rally.
The support to the lower side is present at ~$2.5 K while it may move to the levels of $3.1 K in the near future.
XMR-USDT(Ascending Triangle Breakout)XMR, a privacy coin has retained its position among the top 30 crypto assets. In the year 2021, XMR has gained 162% till date and still looks bullish at current levels.
On Hourly Time Frame, XMR has been trading in an Ascending Triangle formation and has given a decent breakout.
Key Levels to Watch Out For-
The support to the lower side is present at the psychological level of $400 while it seems determined to reach the target of $500 .
UNI-USDT( Rising Channel Breakout)Uniswap, the leader of the Dex segment on the Ethereum ecosystem serves ~227K daily visitors on its platform. The most innovative upgradation of Uniswap V3 is scheduled to get live by May 5.
On Daily Time Frame, UNIUSDT has been trading in an Rising Channel while it has given a breakout from the pattern yesterday. Coupled with its much anticipated V3, it is highly likely to move to new highs.
Key Levels to Watch Out For-
The support to the lower side is present at $35 (the resistance trendline of the pattern) while it is likely to travel to the levels of $50 .
RUNE-USDT(Descending Channel)A decentralized cross-chain liquidity infrastructure built on Binance Chain, allows users to easily exchange cryptocurrency assets.
On 4 Hourly Time Frame, RUNE has been trading in a Descending Channel and has given a breakout at the time of writing. Close above the channel may push the prices to new highs.
Key Levels to Watch out for:
The support to the lower side is present at $12 while it is most likely to reach the level of $16.9 .
Channel Formation for GBPCHFIve dissected the trend for the most highly probable entries,no indicators were used throughout this markup,i applied them after examining raw structure...thanks to the laws of supply and demand we can whenever we read in between the lines of PA we can see that there is liquidity below and above this current trading range.Do you Agree or disagree with this post? LIKE AND COMMENT FOR MORE CONTENT LIKE THIS!
Multi TF analysis of BTC-USDBTC has now dumped more than 25% from its recent ATH of $64,899 and in the last 24Hrs, it has dipped ~11%. Weekly MACD is also turning bearish which depicts that the short-term trend has turned negative for BTC.
However, the overall market trend is still looking positive on the larger TF’s and these corrections are a part of the trading cycle. Currently, BTC is taking support from its 50% Fibonacci retracement levels which are placed at $47,730 .
As long as BTC stays above this 50% retracement level, the major trend should stay positive and for the next trading sessions, sideways movement can be expected. However, if it breaks this support level, the market trend will turn bearish and can reach the level of $45k followed by $42k.
On the higher side, the immediate hurdle is placed at $50k and if it decisively breaks this level, further upside momentum can continue till the level of $54k followed by the next level of $57.5k .
SOL-USDT(Horizontal Channel Breakout)Solana is a high-performance public blockchain optimized for scalability and has the capability to handle 50K transactions per second. Having processed 15.8 Bn transactions to date while charging negligible fees (~$0.000005), Solana has been zooming to new highs due to the rapid adoption of its network.
On 1 Hour Time Frame, SOLUSDT has been trading in a Horizontal Channel pattern and has given a breakout.
Key Points to Watch Out For-
The support to the lower side is present at $35 followed by $33 while the resistance to the higher side is present at $46 .
XVS-USDT(Cup and Handle Formation)Venus Protocol is an algorithm-based money market system designed to bring a complete decentralized finance-based lending and credit system onto the Binance Smart Chain.
XVS has been trading in a Cup and Handle formation with the level of ~$95 as the horizontal level wherein breakout from the level may trigger the price to new highs.
Key Levels to watch out for-
The price may move to the levels of ~$120 after the breakout while the support to the lower side is present at ~$75 .
NEO-USDT(Descending Channel Formation)Neo's idea of the smart economy is the convergence of three concepts- digital assets, digital identity and smart contracts, it presents itself as the developer-friendly protocol with a vision of being the digitized "smart" economy in the future.
In the 1 Hour Time Frame, Neo has been trading in a Descending Channel formation . Currently, it is flirting with the trendline resistance which is placed at $114.50 and if we get a decisive closing above this level, it can move to its ATH levels.
Key Levels to watch out for-
The support to the lower side is present at ~$99 while it may face resistance at the levels of ~$133 .
DOT-USDT(Range Breakout)Polkadot facilitates cross-chain communication and interoperability among chains by connecting them into one unified network (Relay Chain).
In the month of April, DOT has given a Range Breakout , it is currently taking support from the upper band of the channel and is today forming a strong bullish candle.
Key Levels to watch out for-
The support to the lower side is present at ~$39.5 while may travel upside to the levels of ~$52 .
BAT-USDT(Consolidation Breakout)Basic Attention Token, or BAT token powers a blockchain-based Brave Browser. Users can watch privacy-preserving adverts and receive BAT rewards in return. On the other hand, advertisers can deliver targeted ads to cut down losses due to ad fraud and abuse.
On the Daily Time Frame, BAT has been trading in a range for the past 7 days and a similar pattern can be witnessed in the second week of March, breakout from the range pumped the price by ~70%.
Key Points to watch out for-
The support to the lower side is present at ~$1.35 while it seems determined to travel to the level of ~$2 .
ZRX-USDT(Channel Resistance Breakout)0x is a liquidity aggregator that supports both fungible (ERC20) and non-fungible (ERC-723) tokens. Volume on the protocol stands at 176.91 Mn at the time of writing.
Key levels to watch out for:-
On Daily Time Frame, ZRX has been consolidating for the past 5 days after giving the breakout from the level of ~$1.9.
It seems eminent to continue its upward momentum to the level of ~$2.9 while the support to the lower side is present at ~$1.96.
CRV-USDT(Cup and Handle Formation)With the Total Value Locked in DEX at record highs (~19.2 Bn), Curve has reserved its second spot in the list with ~$4.8 Bn locked in its protocol.
On a 4 Hour Time Frame, Curve has been forming a Cup and Handle pattern .
Key levels to watch out:-
As depicted in the chart, the resistance is placed at ~$3.3 , Breakout from the pattern may trigger the rally to the level of $4 .
The support to the lower side is placed at $2.9 .
ATOM-USDT(Symmetrical Triangle Breakout)Cosmos referred to as “Blockchain 3.0” is a network connecting many independent distributed ledgers (e.g., Ethereum, Bitcoin) to achieve interoperability across blockchains. Its goal is to "create an Internet of Blockchains", i.e., "a network of blockchains where each participant is able to communicate with each other in a decentralized way".
Key Levels to watch out for:
On 4 Hour Time Frame, ATOM has been trading in a Symmetrical Triangle formation for the past 2 months.
The resistance trendline to the higher side has been trending lower, while it has given a breakout from the trendline and is consolidating above the trendline.
The bull rally may continue its upward momentum to the levels of $31 while the support to the lower side is placed at $22 .
ZRX-USDT(Consolidation Breakout)0x is a liquidity aggregator that supports both fungible (ERC20) and non-fungible (ERC-723) tokens. Volume on the protocol stands at 173 Mn at the time of writing, up~49% in the past 24 hours.
Key levels to watch out:-
On Hourly Time Frame, ZRX has been consolidating between $2.32 and $2.2 .
It looks adamant to give the breakout from the range to reach the levels of $2.95 while the support to the lower side is present at $2.2 .
Multi TF Analysis: LTC-USDTFrom the past 7-8 weeks, LTC has been trading in a sideways trend with upper and lower bands at $230 and $160 respectively. After its recent high of $247, LTC took a dip and corrected by more than 30%. However, it started this week with a bang as it is already up by +15% on the weekly basis.
On the daily TF, it formed a Double bottom kind of formation and seems it has completed the correction phase. On the higher side, the immediate resistance is placed in the range of $242-$245 , if bulls decisively break this hurdle, a fresh leg to the upside is most likely for the first target of $283 , followed by the next level of $305 .
On the downside, the nearest support level is placed at $215 , if this level is breached the next support is available in the range of $201-$204 .
MACD is also depicting a positive signal as it has started to re-enter in the positive territory, therefore, a breakout from the resistance can be expected once we get the decisive closing above $245, which will act as a confirmation to go LONG.
EOS-USDT(Rising Channel Formation)EOS is a Smart Contract Infrastructure similar to Ethereum that allows developers to build decentralized apps (Dapps) on its platform.
On Hourly Time Frame, EOSUSDT has been taking support at 20 and 50 DEMA and looks interesting to rally to new highs.
Key Levels to watch out:-
EOS has been trading in a Rising Channel Formation and is showing intent to move to new highs. The support to the lower side is present at ~$6.2 while it may give targets of ~$8.5 .
VET-USDT(Symmetrical triangle Pattern)In the year 2021, VeChain has given mammoth returns of ~420% till date.
VeChain, a blockchain-powered supply chain platform that aims to create an ecosystem that solves some of the major problems with supply chain management.
Key Levels to watch out:-
On the 4 Hourly Time Frame, VETUSDT has been trading in a Symmetrical Triangle Pattern and is currently trading near the upper trendline.
The support to the lower side is placed at $0.0857 and if it manages to give a decent close above ~$0.096 , it will most probably reach the target of $0.12 .
ONT-USDT(Rising Channel Formation)Since March, Ontology has been trading in a Rising Channel .
On 4 Hr Time Frame, ONTUSDT has taken support from the lower band of the channel and is again ready to move in the channel.
The support to the lower side is present at $1.13 while the upper band of the channel may act as resistance placed at $1.47 .
SIACOIN-USDT(Falling Wedge Breakout)Siacoin is the native utility token of Sia blockchain, a decentralized cloud storage platform. It acts as a trustless marketplace wherein users can lease access to their unused storage space.
On 1 hr Time Frame, Siacon has been trading in a Falling Wedge formation.
At the time of writing, it has given a breakout from the pattern and is also currently trading above its 20 and 50 HEMA.
The support to the lower side is present at $0.017 while the resistance is present at $0.025 followed by $0.027 .
TRX-USDT( Ascending Triangle)TRON is a distributed blockchain that enables developers to create smart contracts and decentralised applications, freely publish them, own and store data and other contents.
On March 27, 2021, TRX has been trading in an Ascending Triangle . It is trading near the resistance, breakout from which may propel the bullish move to new highs .
Key Levels to watch out for:
If TRX manages to give closing above $0.0675 , it may ignite the rally to the levels of $0.077 followed by $0.087 .
The support to the lower side is present at $0.058 .
CRV-USDT(Trendline Breakout)With the Total Value Locked in DEX at record highs (~$17.5 Bn), Curve has reserved its second spot in the list with ~$4.5 Bn locked in its protocol.
After hitting its recent low of $1.625, CRV has been forming higher highs and higher lows, which depicts that next upswing rally is on the cards.
Key levels to watch out:-
On the 4Hr TF, CRV has retracted back to 0.618 Fibonacci level and has given a decent bounce back depicting the move to be a Correction.
It has given a breakout from its trendline resistance and is most likely to reach the level of $4.18 while the support is placed at $3 .