BTC / USDT
The bulls did not benefit from the breakout of the overhead resistance zone from $ 60,000 to $ 61,825.84 on April 13 and built on that. Bitcoin value fell on April 14th after hitting an all-time high of $ 64,849.27 and the bulls are currently trying to support the $ 60,000 slope.
In the event that they do, the BTC / USDT pair may make another attempt to continue the uptrend. A breakout of $ 64,849.27 could start the next segment of the uptrend that could hit $ 69,540, then $ 79,566 thereafter.
Even so, the adverse divergence in the relative performance index (RSI) warns of a feasible correction. Apparently the value reversed when the RSI landed near the downtrend line.
If the value falls below the usual 20 day exponential shift ($ 59,427), it’s likely the primary signal that consumers could drop its maintain, too. The break below the 50-day easy-shifting common ($ 55,814) will further cement the view that a deeper correction is likely to lie ahead.
The bulls may be trying to halt the decline near $ 50,460.02, but if that level breaks the pair may fall to the crucial support at $ 43,006.77.
ETH / USDT
Ether (ETH) broadened its upward pattern and at that moment hit an all-time high of $ 2,545.80. Posting sales from merchants brought the value down to $ 2,300. However, the long tail on the candlestick of the day suggests that cops continue to buy with dips.
If the value rebounds and the bulls push the value above $ 2,545.8, the ETH / USDT pair can begin the next segment of the uptrend. The next target on the upside is $ 2,745, then the psychological degree at $ 3,000.
The rising 20-day EMA ($ 2,131) and the RSI near overbought space suggest that the trail of least resistance is on the upside. This bullish view is likely to be invalidated if the value falls and falls below the 20-day EMA. Such a transfer can drop the value as low as $ 1,925.10.
BNB / USDT
Binance Coin (BNB) formed a Doji candle sample on April 14th, which was taken over by an internal candle sample on April 15th. Any attitude advises indecision between the bulls and the bears. At that moment, this uncertainty has dissipated downwards.
With a small plus, however, the bulls are defending the 38.2% Fibonacci retracement level at $ 483.95, indicated by the long tail on the candlestick of the day. The bulls will now attempt to push the BNB / USDT pair above the all-time high at USD 638.56 and resume the uptrend.
Conversely, a break below $ 483.95 can carry the value up to the 20-day EMA ($ 437). An interruption below this support means traders are exiting quickly and this can lead to a drop in the breakout level at $ 348.69.
XRP / USDT
XRP is currently correcting the sharp rally. The bulls are trying to defend tentative support for the 38.2% Fibonacci retracement level at $ 1.48, evidenced by the long tail on the day’s candlestick.
The XRP / USDT pair can now consolidate between $ 1.48 and $ 1.96 a few days before the following pattern transfer begins.
A break above $ 1.96 can begin the next section of the uptrend that can reach $ 2.54. The rising moving averages and RSI within the overbought zone suggest that the bulls have the higher hand.
Contrary to this constructive assumption, the pair may fall to the 20-day EMA ($ 1.18) if the bears lower below the $ 1.48 support. Such a transfer means that the upward momentum has subsided and this could delay the following part of the upward trend.
DOGE / USDT
Dogecoin gained momentum three days ago and that resulted in an enormous pump at that moment. This shows that more and more traders are being forced to buy and sell because of FOMO.
Usually such a spending spree ends in a huge prime formation. After the final purchase of the bull, the value reverses and the waterfall decline begins. Predicting a prime number during such a rush is tedious, however, the $ 0.50 psychological degree can act as a hurdle.
The decline after the excessive DOGE / USDT pair is rather vicious. The standard 38.2% Fibonacci retracement level may not be sustained and the pair is more likely to drop to the 61.8% Fibonacci retracement level at $ 0.20.
Traders should cope with the urge to make such offers even if there is a risk that they will lack some income.
ADA / USDT
Cardano (ADA) saw an uphill battle between the Taurus and Bears near $ 1.48 two days ago. Although the bulls managed to push the value above $ 1.48 at that moment, the bears quickly reintroduced the value below the level.
After the third unsuccessful attempt to keep the value above $ 1.48, the bulls appear to have shifted their positions at that moment, resulting in an off-day candlestick sample.
Even so, at that moment, the candlestick’s long tail means that the bulls have aggressively bought the dips for the 20-day EMA ($ 1.28). The bulls may now make another attempt to push the value above the $ 1.48 to $ 1.55 resistance zone.
In this case, the ADA / USDT pair can resume the uptrend and begin the journey towards the USD 2. Conversely, a break below the changing averages can give the bears an opportunity to lower the value to $ 1.03.
DOT / USDT
The bulls pushed polkadot (DOT) above $ 42.28 on April 13 but had no problem with the all-time high of $ 46.80. This shows that there is no demand in larger areas. The altcoin fell below $ 42.28 at that moment and the bears will now attempt to push the value below the 20-day EMA ($ 40).
If this is profitable, gross sales may continue to rise as the bulls fill their positions quickly. Such a move could bring the DOT / USDT pair down to $ 32.50, then to the key support at $ 26.50.
Contrary to this assumption, any further rise within the 20-day EMA means that the bulls have not given up. You could make one more attempt to push the level above the USD 46.80 resistance and resume the uptrend.
LTC / USDT
Litecoin (LTC) is on a robust uptrend. The bears had tried a correction at that moment, but the cops were aggressively looking for the dips, as evidenced by the long tail on the day’s candlestick. The reversal could have caught a number of aggressive bears on the deceptive foot, which could possibly be the reason for the acceleration.
The LTC / USDT pair broke the target at $ 307.42 and paved the best way for a rally to $ 374. Still, above 76, the RSI warns of a warning as the pair previously made multiple corrections when the RSI hit near 80.
The main support for the withdrawal is the 20-day EMA ($ 241). A break below this support is the primary signal that the bulls are drained and that a deeper correction is likely to occur.
UNI / USDT
Uniswap (UNI) hit a brand new all-time high on April 15th, but the cops are struggling to take care of the upper ranges. If the value does not observe an increase after the breakout of a large resistance, it means exhaustion.
Even so, the long tail on the candlestick of the day means the cops keep buying dips. If consumers can push the value above the all-time high of $ 39.60, the UNI / USDT pair can rise to $ 43.43, then to $ 50.
However, should the value fall again and break below the 20-day EMA ($ 32), some aggressive bulls who bought the $ 35.20 breakout could leave their positions. The lengthy liquidation can bring the value down to $ 27.97.
LINK / USDT
Chainlink (LINK) rose above the overhead resistance of $ 36.93 on April 14, signaling the resumption of the uptrend. The altcoin hit an all-time high of $ 44.33 as the profitable bid began.
Even so, the long tail on the candlestick of the day suggests that the bulls aggressively bought the jump at $ 38.52 at that moment. This means that sentiment remains constructive and the bulls are shopping in declining areas.
Customers will now try to continue the uptrend by pushing the value above $ 44.33. If it’s profitable, the LINK / USDT pair can rise to $ 50.
Contrary to this assumption, the pair may fall to the 20-day EMA ($ 34) if the value falls again and falls below the $ 36.93 support. If that support is broken, the decline may extend to the 50-day SMA ($ 30).
The views and opinions expressed are those of the creator only and are not materially the views of Cointelegraph. Every step in financing, buying and selling is associated with risks. You will need to conduct your individual analysis when making a selection.
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