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Wednesday

12 May 2021

Price analysis 4/30: BTC, ETH, BNB, XRP, ADA, DOGE, DOT, UNI, LTC, BCH

Price analysis 4/30: BTC, ETH, BNB, XRP, ADA, DOGE, DOT, UNI, LTC, BCH


smart summary beta

If the price turns down from the current level and breaks the $52,500 support, it will suggest that bears are aggressively selling near the 50-day SMA.

A breakout of the channel will suggest the momentum remains strong and that could result in a sharp rally to $3,000.

That could pull the price down to the 20-day EMA ($2,417).

The pair will signal a trend reversal if the price breaks and sustains below the triangle.

If the bulls sustain the price above $1.55, the XRP/USDT pair could rally to $1.73 and then retest the 52-week high at $1.96.

Contrary to this assumption, if the bears pull the price back below $1.55, it will suggest profit-booking at higher levels.

A break below the 20-day EMA will indicate the bullish momentum has weakened and that could keep the pair range-bound for a few days.

Cardano (ADA) witnessed profit-booking on April 29 at $1.41 but the bulls did not allow the price to dip below the 20-day EMA ($1.25).

If the price turns down from the $1.48 resistance, the ADA/USDT pair could extend its stay inside the range.

Contrary to this assumption, if the price turns down and breaks below $0.29, the pair could drop to the 20-day EMA.

Alternatively, if the price slips below $32.50, sellers may take charge and sink the pair to $26.50 where buying could emerge.

If the price dips below $37.50, the UNI/USDT pair could drop to the 20-day EMA ($35.67), which is an important support to watch out for.

Litecoin (LTC) witnessed a minor correction on April 28 and 29 but the bulls did not allow the price to drop below the 20-day EMA ($251), This is a positive sign as it suggests that traders are not waiting for a deeper correction to buy.

This positive view will be negated if the price turns down and plummets below $246.96.

The gradually rising 20-day EMA ($839) and the RSI above 63 suggest the bulls have a minor advantage.

However, if the price turns down from the current level, it will indicate that bears are selling on rallies.

They will then try to sink the price below the 20-day EMA.

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Why Fiat Experts Don’t Get Bitcoin
published: 19 minutes ago
There are various reasons traditional experts do not understand bitcoin and thus have negative views on it.

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cointelegraph.com
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