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BINANCE:SOLUSDT On April 11, after several days of indecision, Solana has finally surged above the downtrend line, signaling the potential end of the downtrend. Typically, after breaking through a significant resistance, the price turns downward and retests the level. Therefore, in this case, the price may fall to the breakout level. However, if the price...

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BINANCE:MATICUSDT Polygon's support line of the symmetrical triangle pattern is under threat by the bears. A successful attempt would signal that there is an excess supply of MATIC tokens relative to demand. In such a case, the MATIC/USDT pair could drop towards the crucial 200-day SMA ($0.99). If this level is breached, the pair may begin a...

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BINANCE:DOGEUSDT The minor rebound of Dogecoin from the moving averages was unable to surpass the 38.2% Fibonacci retracement level at $0.09, implying that the bears are taking advantage of every small recovery. The DOGE/USDT pair has now fallen back to the moving averages, indicating that the bears are attempting to consolidate their position. If the price...

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BINANCE:ADAUSDT Cardano has declined from the neckline of the inverse head and shoulders pattern, indicating that the bears are attempting to impede the recovery at this level. On the downside, traders should keep a close eye on the 20-day EMA ($0.38). If the price rebounds from this level, it will indicate that the sentiment remains positive, and investors...

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BINANCE:XRPUSDT The bears seem to be resisting XRP's recovery at $0.53, as indicated by the long wick on its April 11 candlestick. To strengthen their position, sellers may attempt to drag the price below the 20-day EMA ($0.49). If they succeed, many short-term bulls could be forced to exit their positions, causing the XRP/USDT pair to fall towards the next...

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BINANCE:BNBUSDT On April 11, BNB managed to surpass the FWB:318 resistance level; however, the bears seem to be selling off near HKEX:338 , as shown by the long wick on the candlestick. The 20-day EMA ( HKEX:315 ) is flat, and the RSI is heading down towards the center, indicating that the BNB/USDT pair might encounter a range-bound scenario in the short...

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BINANCE:ETHUSDT On April 9, Ether bounced back from the 20-day EMA ( HKEX:1 ,831), but the bulls failed to surpass the immediate hurdle at HKEX:1 ,943. In the short term, if the price falls from the current level and breaches the HKEX:1 ,824 mark, the ETH/USDT pair may create a double top pattern. Consequently, the price may plummet to the critical support...

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BINANCE:BTCUSDT Bitcoin is currently encountering resistance around the HKEX:30 ,550 mark, but the fact that the bulls have not given up much ground indicates that buyers are not in a rush to exit. However, the bears are expected to put up a strong fight and attempt to pull the price below the crucial support level of the 20-day exponential moving average,...

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BINANCE:SOLUSDT Solana's SOL has been stuck in a tight trading range, indicating a lack of direction for both the bulls and the bears. The 20-day EMA around ($20.64) is flat, and the RSI is just below the midpoint, which makes it difficult to determine a clear advantage for either side. Therefore, it is better to wait for a breakout to occur before taking any...

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BINANCE:DOGEUSDT On April 8, Dogecoin managed to maintain its position above the moving averages. However, the small rebound on April 9 suggests that there is little demand for the asset at higher levels. Currently, both moving averages have flattened out, and the RSI is slightly above the midpoint, indicating an equilibrium between buyers and sellers. If the...

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BINANCE:MATICUSDT Polygon's MATIC managed to hold its ground as sellers attempted to push the price below the support line on April 9 and 10. This has resulted in buying at lower levels. If the bulls succeed in propelling the price above the 20-day EMA ($1.11), the MATIC/USDT pair could surge to the resistance line of the symmetrical triangle. Breaking and...

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BINANCE:ADAUSDT For the past few days, Cardano's ADA has been trading above the 20-day EMA ($0.37), but the bulls are facing resistance at the neckline of the inverse H&S pattern, suggesting that the bears are defending the level with strength. A sharp breakout typically follows a tight consolidation, and the rising 20-day EMA and the RSI in the positive zone...

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BINANCE:XRPUSDT XRP has been maintaining its position above the 38.2% Fibonacci retracement level of $0.49, indicating that buyers are not waiting for a deeper correction to enter the market. The bulls will aim to consolidate their stance by pushing the price towards the overhead zone between $0.56 and $0.58. This area remains crucial to monitor because...

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BINANCE:BNBUSDT For the past few days, BNB has been trading below the 20-day EMA ( HKEX:313 ), but the bears have not managed to push the price below the immediate support level of $306. This indicates a decrease in selling pressure at lower levels. With the lower levels holding, the bulls may try to push the price above the overhead resistance level of $318....

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BINANCE:ETHUSDT On April 9, buyers successfully held the 20-day EMA ( HKEX:1 ,813), indicating Ether's positive trend. The bulls will make an effort to surpass the resistance at HKEX:1 ,943 and push the price up to HKEX:2 ,200. The area between HKEX:2 ,000 and HKEX:2 ,200 is likely to be fiercely protected by sellers. If the price turns down from this area,...

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BINANCE:BTCUSDT Bitcoin has bounced off the 20-day EMA ( HKEX:27 ,692) on April 9, suggesting buying at lower levels. The 20-day EMA gradually trending up and the RSI in positive territory favor the buyers. On the upside, the resistance level to watch is at HKEX:29 ,200. If the bulls manage to break above it, the BTC/USDT pair may rise to HKEX:30 ,000, with...

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TVC:DXY The U.S. Dollar Index remains in bearish territory as it trades below the 20-day EMA (102.73). The 20-day EMA is expected to act as resistance during the current relief rally. If the price fails to break above the 20-day EMA, the index could experience a decline towards the important support at 100.82. It is crucial for the bulls to protect this level...

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SP:SPX On April 6, the S&P 500 index (SPX) bounced back from a two-day correction, indicating positive sentiment among traders who buy on minor dips. The 20-day exponential moving average (EMA) is sloping upwards at 4,035, and the relative strength index (RSI) is in positive territory, increasing the chances of a rally towards 4,200. Although this level has...