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$BTC price analysis........🚀🚀🚀
Bitcoin surged above the 20-day EMA ($63,556) after a minor hesitation, but the bulls could not pierce the 50-day SMA ($65,937).
#BTC/USDT daily chart.
Both moving averages have flattened out, and the RSI is near the midpoint, indicating a range-bound action in the near term. The BTC/USDT pair is likely to remain between $56,500 and $73,777 for some more time.
#altcoins #BTC #bitcoinhalving #BlackRock
Bitcoin surged above the 20-day EMA ($63,556) after a minor hesitation, but the bulls could not pierce the 50-day SMA ($65,937).
#BTC/USDT daily chart.
Both moving averages have flattened out, and the RSI is near the midpoint, indicating a range-bound action in the near term. The BTC/USDT pair is likely to remain between $56,500 and $73,777 for some more time.
#altcoins #BTC #bitcoinhalving #BlackRock
$SOL Solana price analysis.......🚀🚀🚀
Solana
$153
has been trading between $126 and $162 for several days, indicating indecision about the next directional move.
#SOL/USDT daily chart.
The flattish 20-day EMA ($146) and the RSI just above the midpoint suggest that the range-bound action may continue for some more time. If the price maintains above the 20-day EMA, the SOL/USDT pair could rally to the overhead resistance at $162. Buyers may find it difficult to overcome this obstacle.
However, if the bulls bulldoze their way above $162, the pair may accelerate toward $205. This level is likely to act as a formidable resistance. On the downside, a break below the 20-day EMA could sink the pair to $126.
#altcoins #BTC #bitcoinhalving #Memecoins
Solana
$153
has been trading between $126 and $162 for several days, indicating indecision about the next directional move.
#SOL/USDT daily chart.
The flattish 20-day EMA ($146) and the RSI just above the midpoint suggest that the range-bound action may continue for some more time. If the price maintains above the 20-day EMA, the SOL/USDT pair could rally to the overhead resistance at $162. Buyers may find it difficult to overcome this obstacle.
However, if the bulls bulldoze their way above $162, the pair may accelerate toward $205. This level is likely to act as a formidable resistance. On the downside, a break below the 20-day EMA could sink the pair to $126.
#altcoins #BTC #bitcoinhalving #Memecoins
$XRP price analysis......🚀🚀🚀
The bulls have pushed XRP
XRP
$0.55
above the 20-day EMA ($0.53) on May 6, indicating that the corrective phase may be ending.
#XRP/USDT daily chart.
The flattish 20-day EMA and the RSI just above the midpoint suggest a balance between supply and demand. This advantage will tilt in favor of the bulls if they drive the price above the 50-day SMA ($0.56). The XRP/USDT pair could then pick up momentum and climb to the stiff resistance at $0.67.
The bears are likely to have other plans. They will try to protect the 50-day SMA and pull the price back below the 20-day EMA. If they do that, the pair may plummet toward the crucial support zone between $0.46 and $0.41.
#altcoins #BTC #bitcoinhalving #Memecoins
The bulls have pushed XRP
XRP
$0.55
above the 20-day EMA ($0.53) on May 6, indicating that the corrective phase may be ending.
#XRP/USDT daily chart.
The flattish 20-day EMA and the RSI just above the midpoint suggest a balance between supply and demand. This advantage will tilt in favor of the bulls if they drive the price above the 50-day SMA ($0.56). The XRP/USDT pair could then pick up momentum and climb to the stiff resistance at $0.67.
The bears are likely to have other plans. They will try to protect the 50-day SMA and pull the price back below the 20-day EMA. If they do that, the pair may plummet toward the crucial support zone between $0.46 and $0.41.
#altcoins #BTC #bitcoinhalving #Memecoins
$DOGE price analysis............🚀🚀🚀
DOGE
$0.16
recovery is facing selling at the 50-day SMA ($0.17), but a minor advantage in favor of the bulls is that they have not allowed the price to slip below the 20-day EMA ($0.15).
#DOGE/USDT daily chart.
If the price maintains above the 20-day EMA, the bulls will take another shot at the 50-day SMA. The repeated retest of a resistance level tends to weaken it. If this level is taken out, the DOGE/USDT pair could start a rally to $0.21.
If bears want to prevent the upside move, they will have to quickly pull the price back below the 20-day EMA. If they do that, it will suggest that the bears remain active at higher levels. The pair may then drop to $0.12.
#altcoins #BTC #bitcoinhalving #Memecoins
DOGE
$0.16
recovery is facing selling at the 50-day SMA ($0.17), but a minor advantage in favor of the bulls is that they have not allowed the price to slip below the 20-day EMA ($0.15).
#DOGE/USDT daily chart.
If the price maintains above the 20-day EMA, the bulls will take another shot at the 50-day SMA. The repeated retest of a resistance level tends to weaken it. If this level is taken out, the DOGE/USDT pair could start a rally to $0.21.
If bears want to prevent the upside move, they will have to quickly pull the price back below the 20-day EMA. If they do that, it will suggest that the bears remain active at higher levels. The pair may then drop to $0.12.
#altcoins #BTC #bitcoinhalving #Memecoins
$ADA price analysis......🚀🚀🚀
ADA
$0.46
once again turned down from the 20-day EMA ($0.47) on May 6, indicating that the bears continue to defend the level aggressively.
#ADA/USDT daily chart.
The bulls are trying to defend the $0.46 support because if this level breaks down, the ADA/USDT pair could retest the crucial support at $0.40. Buyers are expected to fiercely defend this level.
Contrary to this assumption, if the price turns up from the current level and breaks above the 20-day EMA, it will signal that the selling pressure is reducing. The pair could then attempt a rally to the overhead resistance at $0.57.
#altcoins #BTC #Memecoins #bitcoinhalving
ADA
$0.46
once again turned down from the 20-day EMA ($0.47) on May 6, indicating that the bears continue to defend the level aggressively.
#ADA/USDT daily chart.
The bulls are trying to defend the $0.46 support because if this level breaks down, the ADA/USDT pair could retest the crucial support at $0.40. Buyers are expected to fiercely defend this level.
Contrary to this assumption, if the price turns up from the current level and breaks above the 20-day EMA, it will signal that the selling pressure is reducing. The pair could then attempt a rally to the overhead resistance at $0.57.
#altcoins #BTC #Memecoins #bitcoinhalving
$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
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
$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
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
$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
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
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
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
$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
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
$DOGE price analysis.....🚀🚀🚀
DOGE
$0.14
bounced off the $0.12 support on May 1, indicating that the bulls are trying to defend the level. #DOGE/USDT daily chart.
Buyers will try to push the price to the overhead zone between the 20-day EMA ($0.15) and the downtrend line. Sellers are expected to protect this zone with vigor.
If the price turns down from this zone, the bears will again attempt to sink the DOGE/USDT pair below the neckline near $0.12. If they do that, the pair will complete a bearish head-and-shoulders pattern. That may start a down move to $0.10 and eventually to $0.08.
This negative view will be invalidated in the near term if the bulls propel the price above the downtrend line.
#altcoins #BlackRock #MicroStrategy #CryptoWatchMay2024
DOGE
$0.14
bounced off the $0.12 support on May 1, indicating that the bulls are trying to defend the level. #DOGE/USDT daily chart.
Buyers will try to push the price to the overhead zone between the 20-day EMA ($0.15) and the downtrend line. Sellers are expected to protect this zone with vigor.
If the price turns down from this zone, the bears will again attempt to sink the DOGE/USDT pair below the neckline near $0.12. If they do that, the pair will complete a bearish head-and-shoulders pattern. That may start a down move to $0.10 and eventually to $0.08.
This negative view will be invalidated in the near term if the bulls propel the price above the downtrend line.
#altcoins #BlackRock #MicroStrategy #CryptoWatchMay2024
$ADA price analysis.....🚀🚀🚀
The bulls are trying to maintain Cardano
ADA
$0.47
above the breakdown level of $0.46, but the bears are likely to put up an intense fight. #ADA/USDT daily chart.
The zone between $0.46 and the 20-day EMA ($0.48) is likely to witness solid selling by the bears. If the price turns down sharply from this zone and breaks below $0.40, the ADA/USDT pair may start the next leg of the downtrend to $0.35.
Contrary to this assumption, if buyers shove the price above the 20-day EMA, it will signal that the selling pressure is reducing. The pair may then ascend to $0.52 and later to $0.57, which may act as a strong hurdle.
#altcoins #BlackRock #BTC #MicroStrategy
The bulls are trying to maintain Cardano
ADA
$0.47
above the breakdown level of $0.46, but the bears are likely to put up an intense fight. #ADA/USDT daily chart.
The zone between $0.46 and the 20-day EMA ($0.48) is likely to witness solid selling by the bears. If the price turns down sharply from this zone and breaks below $0.40, the ADA/USDT pair may start the next leg of the downtrend to $0.35.
Contrary to this assumption, if buyers shove the price above the 20-day EMA, it will signal that the selling pressure is reducing. The pair may then ascend to $0.52 and later to $0.57, which may act as a strong hurdle.
#altcoins #BlackRock #BTC #MicroStrategy
$AVAX price analysis.....📈📉
AVAX
$35.81
price action of the past few days has formed a range of $29 on the downside and $40 on the upside. #AVAX/USDT daily chart.
The downsloping 20-day EMA ($36.56) and the RSI near 42 suggest that the bears have the upper hand. If the price turns down from the 20-day EMA, the bears will make another attempt to sink the AVAX/USDT pair below $29. If they manage to do that, the next leg of the down move to $27.24 may begin.
On the contrary, if buyers kick the price above the 20-day EMA, it will suggest buying at lower levels. The pair may then climb to $40. A break and close above this level will indicate that the bulls are attempting a comeback.
#altcoins #BTC #BlackRock #buythedip
AVAX
$35.81
price action of the past few days has formed a range of $29 on the downside and $40 on the upside. #AVAX/USDT daily chart.
The downsloping 20-day EMA ($36.56) and the RSI near 42 suggest that the bears have the upper hand. If the price turns down from the 20-day EMA, the bears will make another attempt to sink the AVAX/USDT pair below $29. If they manage to do that, the next leg of the down move to $27.24 may begin.
On the contrary, if buyers kick the price above the 20-day EMA, it will suggest buying at lower levels. The pair may then climb to $40. A break and close above this level will indicate that the bulls are attempting a comeback.
#altcoins #BTC #BlackRock #buythedip
$SHIB price analysis.....📈📉
The long tail on Shiba Inu’s
SHIB
$0.000024
May 1 candlestick shows that the bulls are trying to defend the $0.000020 level. #SHIB/USDT daily chart.
The recovery attempt is likely to face selling at the moving averages. If the price turns down sharply from the moving averages, it will increase the likelihood of a drop below $0.000020. If that happens, the SHIB/USDT pair may plunge to $0.000018.
If buyers want to prevent the decline, they will have to drive and maintain the price above the moving averages. If they do that, it will indicate that the selling pressure is reducing. The pair may rise to $0.000028 and subsequently to $0.000033.
#altcoins #CryptoWatchMay2024 #BTC
The long tail on Shiba Inu’s
SHIB
$0.000024
May 1 candlestick shows that the bulls are trying to defend the $0.000020 level. #SHIB/USDT daily chart.
The recovery attempt is likely to face selling at the moving averages. If the price turns down sharply from the moving averages, it will increase the likelihood of a drop below $0.000020. If that happens, the SHIB/USDT pair may plunge to $0.000018.
If buyers want to prevent the decline, they will have to drive and maintain the price above the moving averages. If they do that, it will indicate that the selling pressure is reducing. The pair may rise to $0.000028 and subsequently to $0.000033.
#altcoins #CryptoWatchMay2024 #BTC
$BTC Bitcoin price analysis.......📈📉
Bitcoin has been range-bound between $59,600 and $73,777 for several days, indicating indecision between the bulls and the bears about the next directional move.
#BTC/USDT daily chart.
Generally, in a range, traders buy near the support and sell close to the resistance. The bulls are expected to aggressively defend the $59,600 level as a break below it could deepen the correction to 61.8% Fibonacci retracement level of $54,298. Such a move will delay the start of the next leg of the uptrend.
Contrarily, if the price turns up from the current level or the $59,600 support, it will suggest that bulls remain active at lower levels. The BTC/USDT pair may jump to $67,250 and later to the overhead resistance of $73,777. A break and close above this level will signal the start of the next leg of the uptrend to $84,000.
BTC/USDT 4-hour chart.
The flattish moving averages and the RSI just below the midpoint suggest a balance between supply and demand. The first sign of strength will be a break and close above the downtrend line. That could clear the path for a rise to $68,000 and then to $71,500.
Alternatively, if the price turns down from the current level or the downtrend line and breaks below $62,300, it will suggest that bears are in command. The pair could then skid to the crucial support at $59,600, where buyers are likely to step in.
#BTC #Memecoins #bitcoinhalving #bitcoin
Bitcoin has been range-bound between $59,600 and $73,777 for several days, indicating indecision between the bulls and the bears about the next directional move.
#BTC/USDT daily chart.
Generally, in a range, traders buy near the support and sell close to the resistance. The bulls are expected to aggressively defend the $59,600 level as a break below it could deepen the correction to 61.8% Fibonacci retracement level of $54,298. Such a move will delay the start of the next leg of the uptrend.
Contrarily, if the price turns up from the current level or the $59,600 support, it will suggest that bulls remain active at lower levels. The BTC/USDT pair may jump to $67,250 and later to the overhead resistance of $73,777. A break and close above this level will signal the start of the next leg of the uptrend to $84,000.
BTC/USDT 4-hour chart.
The flattish moving averages and the RSI just below the midpoint suggest a balance between supply and demand. The first sign of strength will be a break and close above the downtrend line. That could clear the path for a rise to $68,000 and then to $71,500.
Alternatively, if the price turns down from the current level or the downtrend line and breaks below $62,300, it will suggest that bears are in command. The pair could then skid to the crucial support at $59,600, where buyers are likely to step in.
#BTC #Memecoins #bitcoinhalving #bitcoin
$NEAR Protocol price analysis.............📈📉
NEAR
$7.05
closed above the descending channel pattern on April 25, indicating that the downtrend could be ending.
#NEAR/USDT daily chart.
However, the bears have not given up and are selling near the immediate resistance at $7.70. If the price dips back into the channel, it will suggest that the breakout may have been a bull trap. That could pull the price down to $5.90.
Instead, if the price breaks above $7.70, it will suggest that the bulls are taking charge. The NEAR/USDT pair could then attempt a rally to $9., where the bears are likely to mount a strong defense.
NEAR/USDT 4-hour chart.
Both moving averages are sloping up, and the RSI is in the positive territory, indicating that the bulls have a slight advantage. Buyers are likely to face selling in the zone between $7.70 and $8.10, but if they bulldoze their way through, the rally could reach $9.
This optimistic view will be negated in the short term if the price turns down and breaks below $6.60. Such a move will indicate that the bears continue to sell on relief rallies. The pair may then slump to $5.90.
#bitcoinhalving #BullorBear #Memecoins #BTC
NEAR
$7.05
closed above the descending channel pattern on April 25, indicating that the downtrend could be ending.
#NEAR/USDT daily chart.
However, the bears have not given up and are selling near the immediate resistance at $7.70. If the price dips back into the channel, it will suggest that the breakout may have been a bull trap. That could pull the price down to $5.90.
Instead, if the price breaks above $7.70, it will suggest that the bulls are taking charge. The NEAR/USDT pair could then attempt a rally to $9., where the bears are likely to mount a strong defense.
NEAR/USDT 4-hour chart.
Both moving averages are sloping up, and the RSI is in the positive territory, indicating that the bulls have a slight advantage. Buyers are likely to face selling in the zone between $7.70 and $8.10, but if they bulldoze their way through, the rally could reach $9.
This optimistic view will be negated in the short term if the price turns down and breaks below $6.60. Such a move will indicate that the bears continue to sell on relief rallies. The pair may then slump to $5.90.
#bitcoinhalving #BullorBear #Memecoins #BTC
$AR Arweave price analysis.......📈📉
Arweave (AR) rose above both moving averages on April 25, signaling that the bulls are attempting a comeback.
#AR/USDT daily chart.
The bears tried to pull the price back, but the bulls purchased the dip to the 20-day EMA ($32.19) on April 27. This suggests a change in sentiment from selling on rallies to buying on dips. There is a minor resistance at $40, but if it is crossed, the AR/USDT pair could rally to the stiff overhead resistance of $47.52.
If bears want to prevent the rally, they will have to quickly tug the price back below the 20-day EMA. If they do that, the pair may tumble to $22.
AR/USDT 4-hour chart.
The pair shows the formation of an inverse head-and-shoulders pattern that will complete on a breakout and close above the neckline. If that happens, the pair is likely to dash toward the pattern target of $50.
On the contrary, if the price fails to maintain above the neckline, it will suggest that demand dries up at higher levels. The pair could then drop to the critical support at $30. A break below this level will tilt the advantage in favor of the bears.
#bitcoinhalving #BullorBear #Memecoins #BTC
Arweave (AR) rose above both moving averages on April 25, signaling that the bulls are attempting a comeback.
#AR/USDT daily chart.
The bears tried to pull the price back, but the bulls purchased the dip to the 20-day EMA ($32.19) on April 27. This suggests a change in sentiment from selling on rallies to buying on dips. There is a minor resistance at $40, but if it is crossed, the AR/USDT pair could rally to the stiff overhead resistance of $47.52.
If bears want to prevent the rally, they will have to quickly tug the price back below the 20-day EMA. If they do that, the pair may tumble to $22.
AR/USDT 4-hour chart.
The pair shows the formation of an inverse head-and-shoulders pattern that will complete on a breakout and close above the neckline. If that happens, the pair is likely to dash toward the pattern target of $50.
On the contrary, if the price fails to maintain above the neckline, it will suggest that demand dries up at higher levels. The pair could then drop to the critical support at $30. A break below this level will tilt the advantage in favor of the bears.
#bitcoinhalving #BullorBear #Memecoins #BTC
$BONK Bonk price analysis............📈📈📈
Bonk (BONK) climbed above the moving averages on April 23, signaling that the corrective phase may be ending.
#BONK/USDT daily chart.
The bears tried to yank the price below the moving averages, but the bulls held their ground. This suggests that the bulls are trying to flip the moving averages into support. If the price bounces off the current level and breaks above $0.000030, the BONK/USDT pair will complete an inverse H&S pattern. This bullish setup has a pattern target of $0.000048.
However, the bears are likely to have other plans. They will try to sink the price below the moving averages and gain the upper hand. If they succeed, the pair may descend to $0.000019 and then to $0.000015.
BONK/USDT 4-hour chart.
The 4-hour chart shows that the bulls are facing stiff resistance at $0.000030. The bears are trying to strengthen their position by pulling the price below the moving averages. If they manage to do that, the pair will complete a H&S pattern and drop toward $0.000019.
On the other hand, if the price turns up from the current level or the 50-day SMA, it will indicate that the bulls continue to buy on dips. A break and close above $0.000030 will be the first sign of strength. The pair may then jump to $0.000036.
#Memecoins #BONK🔥🔥 #bitcoinhalving #BTC
Bonk (BONK) climbed above the moving averages on April 23, signaling that the corrective phase may be ending.
#BONK/USDT daily chart.
The bears tried to yank the price below the moving averages, but the bulls held their ground. This suggests that the bulls are trying to flip the moving averages into support. If the price bounces off the current level and breaks above $0.000030, the BONK/USDT pair will complete an inverse H&S pattern. This bullish setup has a pattern target of $0.000048.
However, the bears are likely to have other plans. They will try to sink the price below the moving averages and gain the upper hand. If they succeed, the pair may descend to $0.000019 and then to $0.000015.
BONK/USDT 4-hour chart.
The 4-hour chart shows that the bulls are facing stiff resistance at $0.000030. The bears are trying to strengthen their position by pulling the price below the moving averages. If they manage to do that, the pair will complete a H&S pattern and drop toward $0.000019.
On the other hand, if the price turns up from the current level or the 50-day SMA, it will indicate that the bulls continue to buy on dips. A break and close above $0.000030 will be the first sign of strength. The pair may then jump to $0.000036.
#Memecoins #BONK🔥🔥 #bitcoinhalving #BTC
$SOL technical analysis....📈📉
What do you think about...?
#Solana #bitcoinhalving #Memecoins #BTC $BTC $ETH
What do you think about...?
#Solana #bitcoinhalving #Memecoins #BTC $BTC $ETH
$BTC Bitcoin price analysis..... 📈📈📈
Bitcoin has been trading below the moving averages for the past few days, but the bears are struggling to sink the price to the crucial support at $60,775. This suggests that selling dries up at lower levels.
#BTC/USDT daily chart.
The price is stuck between the 50-day simple moving average ($67,404) and the vital support at $60,775. The 20-day exponential moving average ($65,542) has started to turn down and the relative strength index (RSI) is just below the midpoint, indicating a minor advantage to the bears.
A break and close below $59,600 could open the doors for a drop to the 61.8% Fibonacci retracement level of $54,298.
This bearish view will be negated in the near term if the price rises above the 50-day SMA. The BTC/USDT pair may then climb to $73,777. This remains the key overhead resistance for the bulls to overcome.
#BTC #bitcoin #Memecoins #bitcoinhalving
Bitcoin has been trading below the moving averages for the past few days, but the bears are struggling to sink the price to the crucial support at $60,775. This suggests that selling dries up at lower levels.
#BTC/USDT daily chart.
The price is stuck between the 50-day simple moving average ($67,404) and the vital support at $60,775. The 20-day exponential moving average ($65,542) has started to turn down and the relative strength index (RSI) is just below the midpoint, indicating a minor advantage to the bears.
A break and close below $59,600 could open the doors for a drop to the 61.8% Fibonacci retracement level of $54,298.
This bearish view will be negated in the near term if the price rises above the 50-day SMA. The BTC/USDT pair may then climb to $73,777. This remains the key overhead resistance for the bulls to overcome.
#BTC #bitcoin #Memecoins #bitcoinhalving
