BTC / USDT
Bitcoin passed stiff overhead resistance at $ 61,825.84 on April 13, indicating the resumption of the uptrend. The sharp rally also reached the breakout of the reverse head and shoulders test, which has a target of $ 69,540.
The rising exponential transfer of 20 days ($ 58,713) and the RSI above 63 advise bulls to have the higher hand. Still, the BTC / USDT pair is unlikely to run away vertically.
As a rule, after the outbreak of a decisive phase, the value is tracked and the extent checked again. If so, the pair can drop to $ 60,000. If the bulls can support this period, the pair can resume its uptrend.
On the contrary, if the bears dip below the 20-day EMA, it can shock a number of aggressive bulls. This could step up the advertising and the pair could even break the 50-Day Easy Transfer Common ($ 55,241). Such a step increases the possibility of a deeper correction.
ETH / USDT
Ether broke the USD 2,200 resistance on April 13th and resumed its upward pattern. The rising 20-day EMA ($ 2,040) and the RSI above 70 suggest that the trail of least resistance is on the upside.
The bulls will now attempt to take the ETH / USDT pair to the eventual target at USD 2,618.14.
If, contrary to this assumption, the pair deviates from current ranges, it could hit the 20-day EMA. If the value of this support recovers, it means that the bulls are buying in on dips, assuming the rally will continue to rise.
Alternatively, a pause below the 20-day EMA suggests traders are reserving their earnings in a rush. That could provide the value up to the pattern line.
BNB / USDT
Binance Coin (BNB) is currently in a correction part after the strong uptrend that rose from $ 233.81 on March 26th to $ 638.56 on April 12th, a rally of 173% in a short period of time. The main stable support on the retreat is the 38.2% Fibonacci retracement period at $ 483.95.
If the $ 483.95 value bounces off, it means sentiment remains bullish and the bulls bounce back on slumps. Consumers will seek to renew the uptrend by pushing the value above $ 638.56. If profitable, the BNB / USDT pair can begin its journey towards USD 888.70.
At this point, the doji candle test suggests an indecision between the bulls and the bears. If this uncertainty subsides and the bears pull below $ 483.85, the pair may fall to the 20-day EMA ($ 417), which is vulnerable to stable support.
XRP / USDT
The strong uptrend in XRP continued on April 13 with a breakout above $ 1.50 and currently hit an intraday surplus of $ 1.96. Even so, the value has reversed sharply, suggesting the bears are aggressively defending the USD 2 psychological phase.
The main support for the retreat is the Fibonacci retracement phase of 38.2% at $ 1.43. A strong rally on this assist suggests sentiment remains upbeat and traders buy in on dips. The bulls will then try again to renew the uptrend by pushing the value above $ 1.96.
Alternatively, a break below $ 1.43 can deliver the value up to the 20-day EMA ($ 1.05). Such a deep fall will indicate that traders are unexpectedly losing their positions, which can delay the subsequent leg of the rally.
ADA / USDT
Cardano (ADA) currently broke the overhead resistance at $ 1.48 and rose to an intraday excess of $ 1.55. Even so, the police were unable to sustain the outbreak, as indicated by the long wick on the candle holder.
The bears pulled the value back into the $ 1.48-1.03 variation. You will now attempt to lower the ADA / USDT pair to the 20-day EMA (USD 1.24).
If the value rebounds from the 20-day EMA, the bulls could make another attempt to push the pair above the overhead resistance at $ 1.55. If they are profitable, the pair can go as high as $ 2.
On the contrary, if the bears pull the value below the transferring common, it can potentially drop to $ 1.03.
DOT / USDT
The tight buy and sell in Polkadot (DOT) broke on April 13, and the bulls pushed the value above the overhead resistance of $ 42.28. Even so, the value is currently back below $ 42.28, indicating a sale in the next phase.
If the bears pulls below the 20-day EMA ($ 39.78), the advertising may intensify and the DOT / USDT pair may drop to $ 32.50.
On the contrary, if the value rebounds from the 20-day EMA, the bulls will try again to break the overhead hurdle at USD 46.80. If profitable, the pair can start the next segment of the uptrend which can hit $ 53.50, then $ 57 after that.
UNI / USDT
Uniswap (UNI) hit a brand new all-time high on April 12th, but the bulls are finding it difficult to keep momentum going. The altcoin formed a candle sample for the inner day on April 13th and is now expanding its correction.
If the value deviates from current ranges and falls above USD 38.16, the UNI / USDT pair can begin the next segment of the uptrend. The primary target on the upside is $ 43.43 and if that resistance is exceeded the pair may march towards the psychological stage at $ 50.
On the contrary, if the bears minimize the value below $ 33, the pair may lose momentum as the bulls who bought the April 12th breakout could exit quickly. This could deliver value up to the 20-day EMA (USD 31) and keep the pair inside for a few extra days.
LTC / USDT
Litecoin (LTC) tipped the breakout phase to USD 246.96 on April 11th and 12th. This resulted in a different buy than the bulls and the altcoin resumed its uptrend on April 13th. The subsequent goal is $ 307.42.
The 20-day EMA ($ 227) is rising and the RSI is near the overbought territory, suggesting the bulls are in command.
Even so, the long-legged Doji candle rehearsal right now shows the indecision between the bulls and the bears. If the value falls below $ 255, the LTC / USDT pair may drop to the $ 239 to $ 246.96 support zone.
A strong rebound from this zone means that the bulls are constructing for dips, while a break below that would reduce the value for the 20-day EMA.
DOGE / USDT
Dogecoin (DOGE) crossed stiff overhead resistance of $ 0.087 on April 13, indicating the resumption of the uptrend. The breakout was taken over by additional purchases for the time being, taking the value to an all-time high of $ 0.145.
The sharp rally of the past few days has pushed the RSI above 85, suggesting that the rally could overheat within the short period of time. The bears could try to stop the uptrend at $ 0.15. If this is profitable, the DOGE / USDT pair may experience minor corrections or consolidations.
The main support for the retreat is the 38.2% Fibonacci retracement period at $ 0.112. A ricochet from this carrier means power. The bulls will then try again to continue the uptrend. If the value is over $ 0.145, the pair can transfer to $ 0.20.
Alternatively, a break below $ 0.112 may result in a drop in the breakout phase at $ 0.087.
LINK / USDT
The bulls currently pushed Chainlink (LINK) above the overhead resistance at $ 36.93, indicating the resumption of the uptrend. If the bulls can hold the value above $ 36.93, the altcoin can continue its march toward $ 50.
The 20-day EMA ($ 32) has popped up and the RSI has surged above 65, suggesting the bulls are back in the driver’s seat.
However, if the bulls don’t hold the value above the $ 36.93 level, it means that the bears are aggressively advertising at greater distances. This could cause the 20-day EMA to fall. A strong upswing at this stage means that sentiment remains optimistic.
Conversely, if the bears pull the LINK / USDT pair below the 20-day EMA, it means that the current breakout was a bull stimulus.
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