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BINANCE:BTCUSDT The bulls are attempting to drive Bitcoin back within the symmetrical triangle pattern, indicating significant buying interest at lower levels. However, the relief rally is likely to encounter strong selling pressure at the moving averages and the resistance line of the triangle. If the price fails to break above the overhead resistance, the...

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BINANCE:BTCUSDT Here is a snapshot of the Daily chart for Bitcoin/USDTether There are several reasons why day trading may not be a good strategy for most investors, and there are alternative approaches to grow your investments that may be more suitable for your goals and risk tolerance. Here are some reasons not to day trade: It can be very risky: Day trading...

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BINANCE:SOLUSDT For Solana, bears are active at higher levels, and the price has reached an important support level of 50-day SMA ($21.74). If bears sink the price below this level, the SOL/USDT pair could drop to the strong support level of $18.70, which buyers are expected to defend If the price rebounds off this level, the bulls may try to clear the hurdle...

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BINANCE:DOGEUSDT For Dogecoin, the sentiment is negative as the price turned down from the 20-day EMA on April 30, and bears are using rallies to sell. If the support near $0.08 gives way, it could suggest that bears have taken control, and the price could drop to $0.07. However, if the price bounces off the current level and rises above the 20-day EMA, it...

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BINANCE:ADAUSDT Cardano buyers are struggling to push the price above the neckline, indicating that the bears are fiercely guarding the level. However, the bulls have managed to keep the price from slipping below the 50-day SMA ($0.38). The RSI is in negative territory, and the 20-day EMA ($0.40) is flattening out, indicating that bears are trying to gain the...

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BINANCE:MATICUSDT For Polygon, there seems to be a tight trading range where bears are selling on relief rallies while bulls are attempting to defend support at $0.94. However, the down-sloping 20-day EMA and negative RSI indicate that the path of least resistance is downwards. If bears push the price below $0.94, it could drop to $0.69. On the other hand, if...

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BINANCE:BNBUSDT BNB rebounded from the 50-day SMA ( HKEX:323 ) on April 30, indicating that the bulls are still guarding this level. However, the past few days have formed a symmetrical triangle pattern, indicating indecision among buyers and sellers. If the buyers manage to push the price above the triangle, it would signal the start of a new uptrend. On the...

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BINANCE:XRPUSDT XRP's recovery hit a wall at the 20-day EMA ($0.47) on April 29, indicating negative sentiment and traders selling on rallies. The bears are likely to pull the price towards the strong support level of $0.43, and if it cracks, the XRP/USDT pair may collapse to the next major support level of $0.36. A break and close above the 20-day EMA would...

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BINANCE:BTCUSDT Bitcoin and major altcoins are experiencing a significant sell-off at higher levels, indicating a possible comeback by the bears. Bitcoin, which saw four consecutive months of gains from January to April, hasn't achieved this feat since 2013. Historical data shows that there have been five positive and five negative monthly closes in May, with...

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BINANCE:ETHUSDT or Ethereum, the bulls are struggling to sustain the price above the 20-day EMA ( HKEX:1 ,896), and the bears are trying to flip this level into resistance. The down-sloping 20-day EMA and RSI below 45 indicate that bears have a slight advantage, and if they keep the price below HKEX:1 ,785, it could drop to the 61.8% Fibonacci retracement...

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BINANCE:LTCUSDT On April 26, Litecoin experienced a highly volatile day, with both bulls and bears attempting to seize control but ultimately failing. Following such a large volatile day, a period of range contraction typically ensues for a few days. The fact that the moving averages are flat and the RSI is just below the midpoint suggests that the LTC/USDT...

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BINANCE:DOTUSDT Polkadot's price analysis shows that despite the bears' success in defending the moving averages on April 26, the support at $5.70 held and buyers emerged at lower levels. As a result, the DOT/USDT pair is expected to trade within a range between $5.70 and the 50-day SMA ($6.20) for a while. If the consolidation breaks to the downside, the...

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BINANCE:SOLUSDT On April 26, Solana attempted to break out of the tight range trading but failed. On April 28, the bulls are again trying to tilt the balance in their favor. If the price rises above the immediate resistance level at $23.18, it will indicate that the bulls have absorbed the supply. The SOL/USDT pair will then attempt to rally towards the...

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BINANCE:MATICUSDT The long tail on Polygon's April 25 and 26 candlestick indicates that the bulls are strongly defending the support at $0.94, but the bears are still active. The downsloping 20-day EMA ($1.05) and the negative RSI signal that the bears have the upper hand. The sellers will try to prevent the recovery in the area between the 20-day EMA and the...

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BINANCE:ADAUSDT Cardano's price bounced back from the 50-day SMA ($0.38) on April 25 and 26, indicating that buyers are trying to initiate a recovery from this support. The ADA/USDT pair has now reached the neckline of the inverse head and shoulders pattern, where the bears are trying to stop the upward momentum. If the buyers can overpower the sellers and...

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BINANCE:DOGEUSDT On April 26, the bears pushed Dogecoin's price below the support level near $0.08. However, they couldn't sustain the breakdown, and the buyers bought the dip, pushing the price back above the 50-day SMA ($0.08) on April 27. The next hurdle for the DOGE/USDT pair is the 20-day EMA ($0.08) and then the downtrend line. For a potential rally to...

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BINANCE:BNBUSDT BNB broke above the HKEX:338 overhead resistance on April 26 but could not sustain the higher levels, as seen from the long wick on the day's candlestick. The selling picked up momentum on April 28 and the bears are trying to sink the price below the 50-day SMA. If they succeed, the BNB/USDT pair could dive to $300 and thereafter to $280. A...

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BINANCE:XRPUSDT XRP bounced off the support at $0.43 on April 26, indicating that the bulls are defending this level. However, the price has reached the 20-day EMA, which is an important level for the bears to defend in the near term. If the price turns down from this level, the XRP/USDT pair may plunge to $0.36. On the contrary, a break above the 20-day EMA...