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GK-ARONNO
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$SOL technical analysis....📈📉 What do you think about...? #Solana⁩ #bitcoinhalving #Memecoins #BTC $BTC $ETH

$SOL technical analysis....📈📉

What do you think about...?

#Solana⁩ #bitcoinhalving #Memecoins #BTC $BTC $ETH

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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$BTC Bitcoin price analysis...🚀🚀🚀 Bitcoin is taking support in the zone between the 50% Fibonacci retracement level of $58,017 and the 61.8% retracement level of $54,298. #BTC/USDT daily chart. The bulls pushed the price back above the breakdown level of $59,600 on May 3, indicating that the recent fall may have been a bear trap. However, the bears are unlikely to give up easily. They will try to stall the relief rally at the 20-day exponential moving average ($63,366) and then at the 50-day simple moving average ($66,151). If the price turns down from the moving averages, it will suggest that the sentiment remains negative and traders are selling on rallies. The bears will then make one more attempt to sink the BTC/USDT pair below $56,500. If they succeed, the pair may slump to $54,298. Conversely, a break above the 50-day SMA will suggest that the pair may extend its stay inside the range for some more time. #altcoins #BTC #BlackRock #CryptoWatchMay2024 $ETH $SOL
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$ETH price analysis.....🚀🚀🚀 Ether  $3,113  fell below the $2,850 support on May 1, but the long tail on the candlestick shows solid demand at lower levels. #ETH/USDT daily chart. The downsloping moving averages and the RSI below 45 show that the bears have a slight edge. If the price turns down from the current level or the 20-day EMA ($3,152), the bears will try to yank the ETH/USDT pair to the support line of the descending channel pattern. Contrarily, if the price rises above the 20-day EMA, it will suggest that the selling pressure could be reducing. The bulls will have thrust the pair above the resistance line to indicate the end of the downtrend. #altcoins #BTC #MicroStrategy #CryptoWatchMay2024 $BTC $SOL
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$BNB price analysis.....🚀🚀🚀 BNB $587  has been oscillating inside the large range between $495 and $635 for the past several days, indicating indecision between the bulls and the bears. #BNB/USDT daily chart. If the price sustains below the moving averages, the BNB/USDT pair could slide to the strong support at $495. Buyers are likely to buy this level and keep the range intact. However, if the bears prevail, the pair could start a downtrend to $460 and thereafter to $400. Instead, if the price rises above the moving averages, the pair could climb to the overhead resistance of $635. This is a significant resistance for the bears to defend because a break above it could catapult the pair to $692. #altcoins #BlackRock #CryptoWatchMay2024 #BTC $BTC $ETH
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Solana price analysis.....🚀🚀🚀 The bears pulled Solana  $144  below the $126 support but could not maintain the lower levels, indicating buying by the bulls. #SOL/USDT daily chart. The SOL/USDT pair has reached the 20-day EMA ($145), an important level to watch out for. If buyers overcome this barrier, the pair may climb toward the overhead resistance of $162. This level may attract selling by the bears. The crucial support to watch on the downside is $126. If the price turns lower from the 20-day EMA and breaks below $126, it will signal the start of the next leg of the down move. The pair may then slump to $100. #altcoins #BlackRock #MicroStrategy #CryptoWatchMay2024 $BTC $ETH $SOL
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$XRP price analysis.....🚀🚀🚀 XRP $0.54  relief rally has reached the 20-day EMA ($0.53), an essential level for the bears to defend if they want to maintain control. #XRP/USDT daily chart. If the price turns down from the 20-day EMA, the sellers will again attempt to tug the XRP/USDT pair to the strong support zone between $0.46 and $0.41. Buyers are expected to aggressively protect this zone. The first sign of strength will be a break and close above the 20-day EMA. If this hurdle is cleared, the pair could reach $0.57, which may again pose a strong challenge. A break above this resistance could open the doors for a potential rise to $0.62. #altcoins #BlackRock #MicroStrategy #CryptoWatchMay2024
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