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BINANCE:ETHUSDT Ether faced a decline after reaching HKEX:1 ,943 on April 5, which suggests that the bears are actively defending the psychological threshold of HKEX:2 ,000. The initial level of support is HKEX:1 ,857. If this level is broken, the ETH/USDT pair could experience a pullback towards the 20-day exponential moving average (EMA) ( HKEX:1 ,794),...

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BINANCE:BTCUSDT Around the HKEX:29 ,000 mark, Bitcoin has developed a symmetrical triangle pattern that signals uncertainty among buyers and sellers regarding the next price movement. Based on the upward trend of the 20-day exponential moving average ( HKEX:27 ,406) and the relative strength index (RSI) being above 58, it seems that buyers have a slight...

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BINANCE:LTCUSDT On April 1, Litecoin bounced off the 20-day EMA ($89) and breached the downtrend line, but the bears are hindering the bulls' progress at higher levels, as shown by the long wicks on the April 3 and 5 candlesticks. Buyers hold the advantage, given the upsloping 20-day EMA and the RSI in positive territory. A minor resistance at $96 must be...

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BINANCE:DOTUSDT The price of Polkadot has been gradually increasing towards the 61.8% Fibonacci retracement level of $6.85, which may be met with strong selling pressure from the bears. It is important to keep an eye on the 20-day EMA ($6.22) as a potential support level. If the price fails to break above $6.85 but bounces off the 20-day EMA, it could indicate a...

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BINANCE:SOLUSDT Solana has been trading in a narrow range, which is often followed by a surge in volatility. If the price breaks and closes above the downtrend line, it would indicate that the bulls have taken control and a new uptrend could begin, with the first target at $27.12. If this level is surpassed, the SOL/USDT pair could gain momentum and rally to...

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BINANCE:MATICUSDT After Polygon consolidated near the 20-day EMA ($1.11), it broke out on April 4, but the bulls are struggling to maintain their advantage. If the bears pull the price below the 20-day EMA, the MATIC/USDT pair could drop to $1.05 and the 200-day SMA ($0.98). However, if the price rebounds from the 20-day EMA, it will indicate that the bulls are...

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BINANCE:DOGEUSDT On April 3, Dogecoin saw a bounce off the 20-day EMA ($0.08), followed by a surge above the formidable resistance at $0.10. However, the long wick observed on the candlesticks of April 3 and 4 indicate that the bears are fiercely guarding the $0.10 level. On a positive note, the buyers have managed to hold their ground and have not...

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BINANCE:ADAUSDT Cardano's price is currently being squeezed between the 20-day EMA at $0.37 and the neckline of the inverse H&S pattern. The bulls seem to be in control, as the RSI is above 59 and the 20-day EMA is upward-sloping. To confirm the reversal pattern, the price needs to break and close above the neckline. The ADA/USDT pair could start a new uptrend...

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BINANCE:XRPUSDT On April 3, XRP fell below the 38.2% Fibonacci retracement level of $0.49. However, the long tail on the candlestick indicates that buying at lower levels was strong. The bulls attempted to push the price towards the overhead resistance at $0.56 on April 4, but sellers challenged them at $0.53, as seen from the long wick on the April 5...

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BINANCE:BNBUSDT On April 3, the bulls stepped in and bought aggressively when BNB fell below the crucial support at $306, which is evident from the long tail on the candlestick. The bulls are now attempting to reinforce their position by pushing the price above the resistance at $318. If they succeed, it may indicate that the corrective phase has come to an...

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BINANCE:ETHUSDT On April 3, Ether bounced off the 20-day EMA ($1,778) and surpassed the overhead resistance at $1,857, indicating the beginning of the next upward movement. A potential rally to $2,000 is now feasible, though this level could serve as a substantial obstacle. However, if buyers hold the $1,857 level during the next downturn, it will imply that...

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Bitcoin is still facing resistance near $29,000 while Ether has taken the lead in the crypto market's bullish trend. Despite Bitcoin remaining below the significant $30,000 level, MicroStrategy has added more Bitcoin to their holdings. Although there has been a sharp recovery since November 2022, Material Indicators suggests that the current upswing is a bear...