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BINANCE:ETHUSDT Ether broke above the 20-day EMA on April 26 and 27 but failed to reach HKEX:2 ,000. The flattened 20-day EMA and the RSI near the midpoint indicate a possible range-bound action between HKEX:2 ,000 and HKEX:1 ,785 for a few days, which could be positive if it suggests the bulls are not rushing to book profits. However, if the price falls...

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BINANCE:BTCUSDT Bitcoin formed a doji candlestick pattern on April 26, indicating indecision among traders. However, the uncertainty was resolved to the upside on April 27 when the price closed above the 20-day EMA. The BTC/USDT pair will now try to challenge the overhead resistance zone between HKEX:31 ,000 and HKEX:32 ,400. On the other hand, a break below...

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BINANCE:XMRUSDT Monero (XMR) has turned down from the neckline of the developing inverse head and shoulders pattern. However, the sharp recovery from lower levels indicates that aggressive buying on dips is happening. Buyers have pushed the price back above the 20-day EMA ( HKEX:157 ), and they will try again to challenge the neckline. If this level is scaled,...

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OKX:TONUSDT Toncoin (TON) has formed a descending triangle pattern, which is typically bearish. However, there is a positive sign for buyers as the price has been trading near the resistance line of the triangle for the past few days. The bulls will attempt to drive and sustain the price above the resistance line, which would invalidate the bearish setup. When...

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BINANCE:SOLUSDT Solana's bulls are trying to protect the 50-day SMA, but the bears are keeping up the pressure and not allowing the coin to sustain above the 20-day EMA. If the 50-day SMA support collapses, the SOL/USDT pair could fall to $18.70 and even further to $15.28. However, if the price rallies above the 20-day EMA, it will suggest that the bulls are...

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BINANCE:DOGEUSDT Dogecoin's shallow bounce indicates that demand is drying up at higher levels, and the 20-day EMA is turning down. The bears have a slight edge, and if the price falls below the $0.08 support, the DOGE/USDT pair may decline further to the next major support at $0.07. However, if the price breaks above the 20-day EMA, the pair may rise to $0.10...

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BINANCE:MATICUSDT Polygon is facing a bearish market as attempts to rally are being met with selling by the bears. The MATIC/USDT pair could fall to $0.94, which is likely to act as strong support. If the price rebounds from this level, the buyers may attempt to push the pair above the moving averages. In this case, the pair may reach the resistance line, and...

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BINANCE:ADAUSDT Cardano's recent trading activity has been uncertain as it has been fluctuating between moving averages. The 20-day EMA is starting to turn down, indicating that bears are gaining control. If the 50-day SMA support breaks, the ADA/USDT pair could fall to $0.33 and $0.30. However, if the price rebounds from the 50-day SMA and rises above the...

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BINANCE:XRPUSDT On April 22, the bulls defended the 50-day SMA ($0.45) and attempted to push XRP above the 20-day EMA ($0.48) on April 24, but the long wick on the candlestick suggests that the bears are active at higher levels. The downsloping 20-day EMA and the RSI in negative territory indicate that the bears have the upper hand. If the 50-day SMA is...

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BINANCE:BNBUSDT The bulls are attempting to push BNB above the overhead resistance at HKEX:338 , but the bears are holding their ground. If the bulls fail to clear the overhead hurdle, the bears may attempt to sink the BNB/USDT pair below the 50-day SMA ( HKEX:316 ). If they succeed, the pair may drop to $300, with the next stop potentially being FWB:280 if...

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BINANCE:ETHUSDT The bulls successfully held Ether's pullback at the 38.2% Fibonacci retracement level of HKEX:1 ,846, but they failed to clear the overhead hurdle at the 20-day EMA ( HKEX:1 ,913). If the bears strengthen their position further by pulling the price below the 50-day SMA ( HKEX:1 ,799), the ETH/USDT pair may extend its decline to the 61.8%...

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BINANCE:BTCUSDT Despite managing to stay above HKEX:27 ,000 for the past three days, Bitcoin's 9% loss last week spooked some new traders. For the past few days, Bitcoin has been trapped between the moving averages, indicating indecision among the bulls and the bears. The bulls are buying the dips to the 50-day SMA ( HKEX:27 ,078), while the bears are...

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BINANCE:LTCUSDT On April 19, Litecoin experienced a sharp drop below the 20-day EMA ( HKEX:93 ), indicating a weakening bullish trend. Despite buyer attempts to push the price back above the 20-day EMA on April 20, the bears stood firm, hinting at their efforts to convert the 20-day EMA into resistance. Next, the sellers are expected to fortify their position...

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BINANCE:DOTUSDT Polkadot experienced a sharp decline and dropped below the uptrend line on April 19, indicating aggressive selling by the bears. Although the bulls attempted to push the price above the 20-day EMA on April 20, the long wick on the candlestick suggests that the bears successfully protected the level, initiating a downward move towards the 200-day...

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BINANCE:MATICUSDT The symmetrical triangle pattern in Polygon became uncertain with the break below the support line on April 19. The bulls are trying to protect the 200-day SMA ($1.01), but any recovery may face resistance at the 20-day EMA ($1.11). If the price declines from the 20-day EMA, it may increase the possibility of a break below the 200-day...

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BINANCE:SOLUSDT Solana has been trading between the 20-day EMA ($22.61) and the 200-day SMA ($20.91) for the past two days. Although the bears have taken the price below the 20-day EMA, they have not yet been able to retest the 200-day SMA, indicating a lack of aggressive selling at lower levels. The 20-day EMA is flattening out, and the RSI is slightly below...

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BINANCE:ADAUSDT On April 20, the bears pulled Cardano below the neckline of the inverse H&S pattern, indicating that the bears are making a comeback. If the bears pin the price below the neckline, it will signal that the breakout on April 13 may have been a bull trap, leading to long liquidation, which may extend the decline to the 200-day SMA ($0.35). This...

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BINANCE:DOGEUSDT The value of Dogecoin witnessed high volatility on April 19 and 20. The bulls are attempting to maintain the 200-day SMA ($0.08), but they are facing strong resistance from the bears. If the price declines from the 20-day EMA ($0.09), it suggests that the bears are selling on every minor rally, increasing the risk of a drop below the 200-day...