TradeViewDemiGod

TradeViewDemiGod Apr 21, 2023

BINANCE:XRPUSDT On April 19 and 20, the bulls tried to recover XRP's price and push it above the 20-day EMA ($0.49), but the bears did not relent. The bulls tried to stop the decline near the 50% Fibonacci retracement level of $0.47, but the bears pulled the price below it. The XRP/USDT pair may next drop to the 200-day SMA ($0.41), and it seems that the pair...

TradeViewDemiGod Apr 21, 2023

BINANCE:BNBUSDT On April 21, BNB rebounded off the FWB:318 support and rose above the 20-day EMA ($324), indicating a strong effort by the bulls to stop the decline. The flat 20-day EMA and the relative strength index (RSI) just above the midpoint do not give a clear edge to either the bulls or the bears. If the bulls can push the price above the HKEX:338 ...

TradeViewDemiGod Apr 21, 2023

BINANCE:ETHUSDT On April 19 and 20, the bulls tried to keep Ether's price above the 20-day EMA ( HKEX:1 ,942), but the bears pulled Ether below the 20-day EMA on April 21. The first support on the downside is the 38.2% Fibonacci retracement level of HKEX:1 ,846, which is likely to attract strong buying by the bulls. If the price turns up from this level, it...

TradeViewDemiGod Apr 21, 2023

BINANCE:BTCUSDT Traders are wondering whether the recent pullback in Bitcoin and other major cryptocurrencies is a buying opportunity or a sign of a downward trend. While short-term traders may be concerned, long-term investors may view this as an opportunity to add to their portfolio. It's generally advisable to avoid buying during a downturn and instead wait...

TradeViewDemiGod Apr 20, 2023

BINANCE:LTCUSDT Litecoin broke above the immediate resistance of HKEX:96 , but it couldn't sustain the higher levels and faced aggressive profit-booking by the bears. This suggests that the bulls may be losing their strength and selling could accelerate further if the price dips below the 20-day EMA ( HKEX:94 ). If that happens, the LTC/USDT pair may decline...

TradeViewDemiGod Apr 20, 2023

BINANCE:DOTUSDT Polkadot bounced off the 20-day EMA ($6.49), but the bears continued to defend the 61.8% Fibonacci retracement level of $6.85. If the price turns up from the uptrend line, the buyers may resume the up-move and propel the DOT/USDT pair to the neckline of the inverse H&S pattern. If the uptrend line gives way, the bears may try to sink the pair...

TradeViewDemiGod Apr 20, 2023

BINANCE:SOLUSDT The failure of the bulls to break above the $27.12 resistance may have led short-term bulls to book profits in Solana. The SOL/USDT pair slipped below the 20-day EMA ($22.82) but the bulls are trying to protect the level, as indicated by the long tail on the candlestick. If the price turns up, the buyers may attempt to push the pair above...

TradeViewDemiGod Apr 20, 2023

BINANCE:MATICUSDT After trading near the resistance line of the symmetrical triangle pattern, Polygon turned down and reached the support line. The flattening 20-day EMA ($1.13) and RSI below 50 suggest that the bulls may be losing their advantage. If the price breaks below the support line, the short-term advantage may tilt in favor of the bears, and the...

TradeViewDemiGod Apr 20, 2023

BINANCE:ADAUSDT Cardano is currently in a pullback, which has reached the breakout level of the neckline of the inverse H&S pattern. If the price snaps back from the neckline, it will suggest that the bulls have flipped the level into support, enhancing the prospect of a break above $0.46. The ADA/USDT pair may then start its northward march toward the pattern...

TradeViewDemiGod Apr 20, 2023

BINANCE:DOGEUSDT Dogecoin has been slowly rising, but it faced resistance near the 61.8% Fibonacci retracement level of $0.10. Bears pushed the price down below the 20-day EMA ($0.09), but the dip was bought by the bulls and the price started to recover. If buyers maintain their buying pressure and push the price above $0.10, the DOGE/USDT pair could reach the...

TradeViewDemiGod Apr 20, 2023

BINANCE:BNBUSDT Buyers defended the HKEX:338 level on April 17 and 18, but failed to push the BNB price above the $350 resistance, which emboldened the bears. As a result, the BNB/USDT pair pulled back to the 20-day EMA ($325) on April 19. If this support cracks, the selling may intensify, and the pair may nosedive to the 200-day simple moving average (...

TradeViewDemiGod Apr 20, 2023

BINANCE:XRPUSDT XRP rebounded off the 20-day EMA ($0.50) on April 18, but the bulls could not clear the overhead hurdle at the resistance line. The price turned down sharply on April 19 and collapsed below the 20-day EMA ($0.50). Any attempt to recover may face strong selling between the resistance line and $0.58. On the downside, a break below $0.47 could...

TradeViewDemiGod Apr 20, 2023

BINANCE:ETHUSDT The ETH/USDT pair has pulled back to the 20-day EMA ( HKEX:1 ,949), which is just below the psychological support of HKEX:2 ,000. This is an important support for the bulls to defend because a break and close above it may tilt the advantage in favor of the sellers. The pair may first collapse to HKEX:1 ,800 and, later, to HKEX:1...

TradeViewDemiGod Apr 20, 2023

BINANCE:BTCUSDT Today, the crypto market is experiencing a downturn, with Ethereum's post-Shapella rally being pared down and the total cryptocurrency market capitalization losing nearly 4% in 24 hours. The downturn comes as regulatory uncertainty and weakening macroeconomic conditions cast doubt on the cryptocurrency market's bullish outlook. Bitcoin, in...

TradeViewDemiGod Apr 18, 2023

BINANCE:SOLUSDT Since April 11, Solana's SOL has remained above the downtrend line, indicating that the bulls are not in a rush to secure profits. The 20-day EMA has started to rise, and the RSI is positive, revealing that the bulls are in a favorable position. Nevertheless, the bears are unlikely to relinquish their hold on the $27.12 overhead resistance...

TradeViewDemiGod Apr 18, 2023

BINANCE:DOGEUSDT Between April 14 to 16, the bears attempted to halt Dogecoin's recovery at the 38.2% Fibonacci retracement level of $0.09. However, the buyers did not give in to the sellers, indicating their dominance. On April 17, the buyers pushed the price above the overhead resistance, but the long wick on the candlestick shows that the sellers are...

TradeViewDemiGod Apr 18, 2023

BINANCE:MATICUSDT On April 16, Polygon's MATIC breached the resistance line of the symmetrical triangle pattern due to the bullish push. However, the breakout is not sustaining as the bulls are finding it difficult to hold onto the higher levels. If the bears successfully pull the price below the resistance line, it could suggest a lack of demand at higher...

TradeViewDemiGod Apr 18, 2023

BINANCE:ADAUSDT Cardano's ADA surged to around $0.46 before its upward momentum came to a halt. It is likely to correct downwards and retest the breakout level from the inverse head and shoulders pattern. The ascending 20-day EMA at $0.40 and the RSI approaching the overbought region suggest that the bulls are currently in control. A rebound from the neckline...