BINANCE:CFXUSDT According to the 4-hour chart, the bears are attempting to prevent the price from going above the 20-EMA. This may cause the pair to fall to the 200-SMA, which is likely to provide significant support. If the price bounces back from this level, the bulls will attempt to push the price to the downtrend line, which is the critical level to...
BINANCE:CFXUSDT Conflux (CFX) has been experiencing a corrective phase lately, but the bulls are currently defending the 20-day EMA ($0.36), which is a minor positive. If the price rebounds from the current level, the CFX/USDT pair could aim to reach the downtrend line, which is a crucial level for the bears to protect. A break above this level could lead to a...
BINANCE:AAVEUSDT The price has fallen to the 200-SMA on the 4-hour chart and the 20-EMA is turning down, suggesting that the bears are currently in control. In case the 200-SMA support is broken, the pair could slide further to the uptrend line, which is a crucial support level for the bulls to defend. The bears would gain more strength if the price drops below...
BINANCE:AAVEUSDT The bears seem to be resisting the Aave price from surpassing HKEX:82 , pushing it below the support at the 20-day EMA ( HKEX:75 ). The AAVE/USDT pair may descend to the 200-day SMA ( HKEX:73 ) near the uptrend line, which is expected to be a significant support level. A rebound from the uptrend line and a break above the 20-day EMA could take...
BINANCE:XLMUSDT As per the 4-hour chart, the pair is undergoing a correction within a descending wedge pattern. The price has rebounded from the support line, which implies that the bulls will now try to push the pair above the wedge. In case of a successful breakout, the pair could target $0.11 and eventually $0.12. However, if the price fails to hold the...
BINANCE:XLMUSDT After being rejected at the overhead resistance of $0.12, Stellar is now approaching the 20-day EMA ($0.10), where the bulls may show interest in buying the dips. If the price bounces off the 20-day EMA, the bulls may attempt to overcome the resistance level again. A successful breach could complete a bullish rounding bottom pattern for the...
BINANCE:ADAUSDT On the 4-hour chart, the price has risen above the 20-EMA, which implies that the bulls may be attempting to end the pullback. They will now target the downtrend line, and if they break through it, the pair may rise to the neckline, where the bears are anticipated to put up a strong fight. However, if the price is unable to breach the downtrend...
BINANCE:ADAUSDT Demand at lower levels is holding Cardano from dipping below the 20-day EMA ($0.37), which indicates a bullish scenario. The ADA/USDT pair is expected to rise towards the neckline of the inverse head and shoulders (H&S) pattern due to the 20-day EMA slope and RSI's positive area. The break above the resistance at the neckline could signal a...
BINANCE:BTCUSDT The 4-hour chart shows the 20-period exponential moving average (20-EMA) flattening out and the relative strength index (RSI) just below the midpoint, indicating that neither the bulls nor the bears have an edge at the moment. Although this state of indecision is unlikely to persist for long, predicting the direction of the potential breakout is...
BINANCE:BTCUSDT I'm neutral for now since Bitcoin's price has been trading within a narrow range for some time, forming a third consecutive Doji candlestick pattern on the weekly chart, indicating indecision between the bulls and the bears. The 20-day exponential moving average is flattening out, and the RSI is slipping towards the center, signaling a balance...
BINANCE:LTCUSDT The failure of Litecoin's bulls to push its price above HKEX:96 has given the bears the upper hand. They are trying to drag the price below the 20-day SMA ( HKEX:90 ), and if they succeed, the next stop could be HKEX:85 , which is an important level to watch out for. If the bears break and close below HKEX:85 , it could result in a retest of...
BINANCE:DOTUSDT Polkadot’s DOT has fallen below the 20-day EMA ($6.22), which suggests that the bulls' hold on the market is weakening, and the price may decline to the robust support at $5.70. If the DOT/USDT pair rebounds from the $5.70 support level, it may try to rally to the downtrend line and trade between these two levels for some time. Breaking above...
BINANCE:SOLUSDT The inability of buyers to maintain Solana's SOL above the 20-day EMA ($20.81) implies a lack of demand at higher levels. The SOL/USDT pair is likely to trade within the downtrend line and $18.70 for some time since the 20-day EMA is flat and the RSI is just below the midpoint. If the price falls below $18.70, it will indicate bearish dominance,...
BINANCE:MATICUSDT The MATIC/USDT pair has been consolidating inside a symmetrical triangle pattern, indicating that both buyers and sellers are uncertain about its future direction. The bulls are likely to defend the support line of the triangle, and if the price bounces off it, the pair may continue trading inside the triangle. However, if the price moves above...
BINANCE:DOGEUSDT Traders sold on rallies during Dogecoin's increase on April 3, indicating negative sentiment. The DOGE/USDT pair is expected to remain in the broad range of $0.07 to $0.11, given the recent significant pullback. The moving averages might provide significant support, and if the price turns around, the pair may recover to $0.09. In contrast, if...
BINANCE:ADAUSDT The inverse head-and-shoulders pattern of Cardano's ADA was not completed as the bears prevented the price from breaking above the neckline. The 20-day EMA ($0.37) is a critical support level for the bulls, and if they successfully defend it, they may try to overcome the neckline resistance again. In case the price falls below the 20-day EMA, it...
BINANCE:XRPUSDT For the past few days, XRP has held above the 38.2% Fibonacci retracement level of $0.49, which implies that buyers are purchasing on minor dips. The 20-day EMA ($0.47) that is moving upward and the RSI in positive territory signify that the bulls have the upper hand. The next move for buyers is to push the price towards the resistance range...
BINANCE:BNBUSDT The bearish sentiment is evident as BNB retreats from the 20-day EMA ( HKEX:314 ). Might be a short opportunity here. The slightly declining 20-day EMA and RSI just below the midpoint point towards a slight advantage for the bears. A breakdown of the HKEX:306 support level may lead to a further decline in the BNB/USDT pair, first to $300,...