On April 9, Bitcoin dropped below $70,000 as optimism faded post-weekly close. Before Wall Street opened, downward pressure intensified, with Bitstamp reporting a low of $69,635, down 4.3% from the previous day's high. US spot Bitcoin ETFs saw minimal inflow, coupled with a $300-million outflow from the Grayscale Bitcoin Trust (GBTC), resulting in heavily negative net flows surpassing $200 million. Despite this, the two largest ETFs, BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity Investments’ Wise Origin Bitcoin Fund (FBTC), maintained inflows, evading losses. #Bitcoin #BinanceLaunchpool

ADA Bears in Control: Discover Why the Latest Analysis Predicts Further Decline!

The $ADA price has shown notable bearish momentum on the 4-hour chart, with closing prices trending downward from $0.4492 to $0.4314. This decline is reinforced by the positioning of the Exponential Moving Averages (EMAs). The 9 EMA ($0.4449) has consistently stayed below the 20 EMA ($0.4516), indicating a bearish crossover and confirming the ongoing downtrend.

The Moving Average Convergence Divergence (MACD) indicator also supports this bearish sentiment. The MACD line has remained below the signal line, and the histogram values suggest increasing bearish momentum, with the most recent value at -0.0016. This indicates a deepening downward pressure.

Furthermore, the Relative Strength Index (RSI) is fluctuating between 38.2 and 44.1, showing that ADA is currently in the bearish territory. An RSI below 50 typically signals that the asset is losing strength, making it less attractive for buyers at this stage.

#Cardano is currently testing a critical support level at $0.4285. If this level holds, it could act as a foundation for a potential rebound. However, a breakdown below this level could accelerate the decline towards the next significant support at $0.3868, with a further potential dip to $0.3824 if bearish pressure continues.

On the upside, the first resistance level to watch is $0.4522. Breaking above this level could challenge the bearish trend and pave the way for a test of the higher resistance at $0.4615. A successful breach of $0.4615 could target the next major resistance at $0.4635, signaling a potential trend reversal. #altcoins #TrendingPredictions #BullorBear
The full analysis and trade strategy were originally posted on ecoinimist.com.

Hedging is more effective than using stop-loss orders. When you hedge, you open another position to offset potential losses. This keeps your original position alive, giving you a chance to recover from losses. With hedging, your position won't be closed until you decide to close it, reducing the risk of being forced to exit. On the other hand, if a stop-loss order gets triggered by sudden market movements, you might lose your position and money, leaving only your remaining capital.$NOT #BullorBear #TopCoinsJune2024

Bearish Momentum Dominates Fet Crypto with Key Resistance Levels in Focus

The #Fet crypto has been experiencing significant volatility on the 4-hour chart, with recent closing prices indicating a downward trend. The current price action shows a strong bearish momentum, which is confirmed by several technical indicators.

The #Fetch.ai price is facing immediate resistance at $2.156, with additional resistance levels at $2.3783 and $2.4909. These levels are critical for any potential upward movement, and breaking above them could signal a reversal in the current downtrend. On the downside, the support levels to watch are $0.622, $0.5599, and $0.5245. These levels are crucial as they provide a potential floor for the price, preventing further declines.

The 9 and 20 Exponential Moving Averages (EMAs) are currently in a bearish alignment, with the 9 EMA below the 20 EMA. This alignment typically indicates a continuation of the bearish trend. The EMAs are also pointing downwards, suggesting that the selling pressure is still strong.

The Moving Average Convergence Divergence (MACD) indicator is showing a bearish divergence. More specifically, the MACD line is below the signal line, and the histogram is also in negative territory. This pattern suggests that the downward momentum is likely to continue. Meanwhile, the increasing distance between the MACD line and the signal line further supports the bearish outlook.

The Relative Strength Index (RSI) is currently below 30, indicating that the $FET crypto is in oversold territory. While this typically signals a potential for a bullish reversal, the persistent low RSI values suggest that the selling pressure is still dominant. Traders should be cautious and look for additional confirmation before considering a long position. #TrendingPredictions #BullorBear
The full analysis and trade strategy were originally posted on ecoinimist.com.

Will Arbitrum Surge or Plummet? Uncover Critical Resistance and Support Levels Now!

The #Arbitrum price has shown significant fluctuations in recent trading sessions, reflecting a mix of bearish and bullish signals. A detailed examination of the 4-hour chart reveals a series of key technical indicators and potential market movements worth noting for traders and investors.

Recent closing prices of $ARB have demonstrated a downward trend, with values moving from $1.0883 to $0.9637 over the past 48 hours. The decline is further corroborated by the position of the 9 EMA and 20 EMA, which have both been trending downward. The 9 EMA has consistently remained below the 20 EMA, signaling bearish momentum. 

This trend is underscored by the MACD indicator, which shows the MACD line descending further below the signal line, with a widening histogram gap. Such a configuration typically suggests increasing bearish pressure.

The Relative Strength Index (RSI) values have mostly hovered around the mid-30s to mid-40s, indicating that the Arbitrum price is neither overbought nor oversold. However, the RSI's proximity to the lower end of this range suggests a potential for further downward movement before any significant reversal occurs.

Given these technical signals, the resistance levels of $1.0666 and $1.0706 are crucial for any bullish recovery. Breaking above these levels with sustained volume could indicate a reversal of the current downtrend. On the downside, the support levels of $0.9499 and $0.9492 are critical to monitor. A breach below these points could lead to further declines, potentially testing the lower support at $0.9418. #altcoins #BullorBear #TrendingPredictions The full analysis and trade strategy were originally posted on ecoinimist.com.

PEPE Price Prediction: Is a Major Breakout or Breakdown Imminent? Key Levels Revealed!

$PEPE presents an intriguing technical setup with a mix of signals suggesting potential movements in various directions. 

The #PEPE price has recently seen a series of closing prices that indicate some volatility. The latest close at $0.00001246 is part of a sequence that reflects both dips and recoveries. This fluctuation is mirrored in the behavior of the 9 and 20 Exponential Moving Averages (EMA). 

The 9 EMA, currently at $0.00001335, has been consistently above the 20 EMA, which stands at $0.00001334. This positioning generally indicates a short-term bullish trend, although the gap between the two is narrowing, which could signal a potential change in direction.

Meanwhile, the Moving Average Convergence Divergence (MACD) indicator shows a series of values that highlight weakening bullish momentum. The MACD line has been trending below the signal line, resulting in a negative histogram. This bearish divergence suggests a possible slowdown in the upward movement. However, the MACD values are relatively close to each other, which could indicate a pending crossover and a subsequent shift in momentum if bullish forces reassert themselves.

The Relative Strength Index (RSI) provides additional insights into market conditions. With current readings oscillating around the mid-40s to high-50s, the RSI indicates a market that is neither overbought nor oversold. This neutral stance suggests that traders should be prepared for movements in either direction, depending on other confirming signals.

For traders, identifying critical levels is essential. The primary resistance level to monitor is at $0.00001671. On the downside, support levels are situated at $0.00000916, $0.00000667, and $0.00000660. #Pepe #MemeWatch2024 #altcoins #BullorBear
The full analysis and trade strategy were originally posted on ecoinimist.com.

Notcoin Price Analysis: Is a Surge or Slump Ahead? Key Resistance and Support Levels to Watch!

The latest analysis of the #Notcoin price on the 4-hour chart shows mixed signals, with both bullish and bearish indicators. Closing prices over the past sessions have fluctuated, but recent trends suggest potential movements that traders should watch closely. 

The $NOT price is approaching critical levels. On the upside, the resistance level at $0.022806 remains a key target for bullish momentum. If the price can break and sustain above this level, it could signal further upward movement. Conversely, a significant support level exists at $0.004845. A drop to this level might indicate bearish dominance, potentially leading to further declines.

The 9 EMA (Exponential Moving Average) shows a gradual upward trend, indicating short-term bullish momentum. However, the 20 EMA is still lagging, which suggests that the overall longer-term trend has not fully caught up with the recent price increases. This divergence between the 9 EMA and 20 EMA can be a crucial factor for traders looking to time their entries and exits.

The MACD (Moving Average Convergence Divergence) indicator has not provided consistent values recently, but the latest MACD reading shows a positive value of 0.005469, hinting at potential bullish momentum. However, without a clear signal line and histogram, traders should exercise caution and look for additional confirmation before making significant trading decisions.

The RSI (Relative Strength Index) has remained relatively high, with values oscillating around 65-74. An RSI above 70 typically indicates that the asset is overbought, suggesting a potential pullback or correction might be on the horizon. Conversely, if the RSI drops below 30, it could indicate that the asset is oversold, presenting a potential buying opportunity. #Altcoinseason2024 #TrendingPredictions #BullorBear
The full analysis and trade strategy were originally posted on ecoinimist.com.

Solana Price on the Brink: Key Levels to Watch for a Potential Breakout or Breakdown!

In the recent trading sessions, the #Solana price has shown some interesting movements that merit a closer look at its technical indicators. Currently, $SOL is hovering around the key resistance level of $159.33, after a series of mixed closing prices. The resistance levels at $163.73 and $166.93 could pose significant barriers for the price if it attempts to move higher, while the support levels at $149.26, $148.0, and $143.64 might provide a cushion against downward movements.

The Exponential Moving Averages (EMAs) suggest a bearish trend, with the 9 EMA below the 20 EMA. This alignment typically indicates continued selling pressure in the market. 

The MACD, a crucial momentum indicator, further supports the bearish outlook. The MACD line is below the signal line, and the histogram has been consistently negative. This highlights the dominance of sellers over buyers. However, the narrowing of the histogram's negative values suggests a potential weakening of this bearish momentum.

The Relative Strength Index (RSI), currently in the 30s, points towards an oversold condition. An RSI below 30 usually indicates that the asset is undervalued and could be due for a price correction or a rebound. #SOL #altcoins #TrendingPredictions #BullorBear
The full analysis and trade strategy were originally posted on ecoinimist.com.

"Bitcoin is showing bearish signs in the 1Hour time frame", the bear team is spreading FUD for the whole crypto sphere to hear. They're hustling in the hopes of defending their shorts from liquidation.

But let's be reasonable, do they have basis to claim that there will be a major BTC dump? 🤔Let's dig deeper.

1. The 1hr time frame is a weak time frame and it often yields to higher time frames. If a higher time frame says otherwise, the 1hour time frame is often invalidated.

2. The 1hr time frame is useful tool for day trading, but not so when you're up for a long term hold. It can foretell what's going to happen within the next 6-12 hours only. Hence, use a stronger time frame if you'd like to know what will happen the next day and beyond.

So what does the stronger time frames say about BTC?

1. The daily time frame is outright bullish. A bullish inverted Head and Shoulders pattern has formed. Neck line is broken and price action has slumped back, seeking its ultimate support. Upside target is huge. It's 84k.😎 Chart below.

2. Daily KDJ oscillator has detected FOMO volume at 71k, meaning price will go back to 71k and beyond in the comming days.

The only thing that can invalidate the daily time frame is the weekly and monthly time frame. So what does the weekly and monthly timeframe say?

1. Weekly and monthly chart has been looking bullish for weeks and months now. A huge double bottom has long been formed. Upside target is 107k. Bigger target huh🤔🤣👀.

FOLLOW for more chart updates.

By the way, if you're still looking for x100 token in preparation of the alt season, check out PITBULL. It's safest, low cap token in the crypto space. #Pitbull

BTC daily chart below.
#BTC #TechnicalAnalysis #Marketupdate #BullorBear

$BTC $BTC People are buzzing about BTC crashing down when in reality BTC is just trying to create it's ultimate daily support. It's trying to break the 70k resistance guys. See chart below, it's been doing that for the past few months. It's nothing new😉.

But will it make it this time? Positive, all the signs are there. So you know the drill. Buy the dip!

FOLLOW for more

#BTC #TechnicalAnalysis #Marketupdate #BullorBear #buythedip

As of writing, BTC dropped 2% while most of the alts dropped 10%-15%. It's crazy how a 2% drop affects the alts this time around. So people ask, why is this happening? Let's explore the possible answers.

This classic BTC movement means that BTC is taking all the funds from the crypto market to be able to sustain its growth. For the record, BTC chart is showing bullish signs leading to the 84k target. It's most likely gonna take another leg up and create new ATH at the expense of the alts. It's vacuuming the money from the alts that it has so much Dominance.

Hence, the heavier an alt coin is traded in BTC pair, the greater the impact, the heavier the fall. If you're into alts, the best way out is to pick those that BTC has below average control like PITBULL, SHIB, DOGE, and others.

How will you know the degree of BTC control? Make it a habit to check contract. Make sure that less than 20% of the token supply is held by CEXs or centralized exchanges. Why? Its because CEX facilitates the BTC pair trading.

FOLLOW for more
#BTC #TechnicalAnalysis #Marketupdate #BullorBear #Pitbull

EMA and MACD Signal a Bullish Breakout: Is the Wormhole Price About to Soar? Key Levels to Watch Now!

In the latest analysis of the #Wormhole price on the 4-hour chart, there are key trends and potential movements that are of interest to traders. Closing prices over the past five periods  show some volatility but a general sideways trend.

The Exponential Moving Averages (EMA) suggest a slight upward momentum. The 9 EMA has crossed above the 20 EMA, indicating potential bullish movement. This crossover often signals the start of an upward trend, suggesting that buyers are gaining strength.

The Moving Average Convergence Divergence (MACD) indicator shows bullish momentum as well. The MACD line is above the signal line, with positive histogram values indicating continued upward pressure. This suggests that the upward trend might continue if the momentum is sustained.

The Relative Strength Index (RSI) values indicate that W is not currently in overbought territory, suggesting there may still be room for upward movement. Meanwhile, volume analysis shows fluctuations, with a recent spike potentially indicating the start of significant price movements. Traders should watch for increases in volume as they often precede substantial price changes.

Key support levels are identified at $0.673 and $0.636, with additional support at $0.632. On the upside, resistance levels are identified at $0.711, $0.761, and $0.765. Breaking above the $0.711 resistance level with strong volume could signal a continuation of the bullish trend towards the next resistance levels. $W #altcoins #BullorBear #TrendingPredictions
The full analysis and trade strategy were originally posted on ecoinimist.com.

Notcoin Price on the Brink: Will a Bullish Reversal Break Through Key Resistance Levels?

#Notcoin on the 4-hour chart shows a series of fluctuating closing prices, suggesting a period of consolidation. Despite the volatility, there is a notable recovery from the low of $0.018785 to the current level of $0.020333.

The 9 and 20 Exponential Moving Averages (EMAs) both indicate a gradual downward trend, but recent price movements hint at a potential stabilization. This suggests that while the overall momentum has been bearish, the immediate downtrend might be losing steam.

The MACD indicator shows bearish momentum with the MACD line consistently below the signal line. However, the decreasing magnitude of the negative histogram values indicates a potential slowing in bearish momentum, which could be a precursor to a trend reversal.

The Relative Strength Index (RSI) has moved from an oversold condition back to a more neutral state, hovering around the mid-40s. This suggests that the selling pressure has eased, and buyers might be stepping in, adding a slightly bullish sentiment to the mix.

Given the current technical indicators, $NOT faces resistance at the levels of $0.021921, $0.022356, and $0.024032. A breakout above these resistance levels, confirmed by strong volume, could signal a bullish reversal. However, failure to overcome these resistances might lead to retesting of support levels at $0.011665, $0.00887, and $0.005454. #NOT #altcoins #BullorBear #TrendingPredictions
The full analysis and trade strategy were originally posted on ecoinimist.com.

Bearish Storm Ahead: FET Crypto Teeters on the Edge of Key Support Levels – Will It Hold or Plunge Further?

The $FET crypto on the 4-hour chart has seen a gradual decline in closing prices over the last five periods. This consistent downward movement signals a bearish trend, as the cryptocurrency struggles to maintain its value above key support levels.

The 9 EMA currently stands at $2.1162, while the 20 EMA is at $2.1302. With the 9 EMA below the 20 EMA, this alignment reinforces the bearish sentiment, indicating that the short-term momentum is weaker compared to the longer-term trend. Typically, when shorter EMAs are below longer EMAs, it suggests continued downward pressure.

The MACD values further confirm the bearish outlook. Meanwhile, the MACD line has consistently been below the signal line. This divergence between the MACD and signal lines, combined with negative histogram values, reflects sustained selling pressure and the likelihood of continued bearish momentum.

The RSI values currently suggest that #FET is approaching oversold territory, with the RSI consistently below 30, a level often interpreted as a potential buying opportunity for traders expecting a reversal. However, the RSI alone is not a definitive indicator and should be considered alongside other metrics.

For FET, the immediate support levels are at $2.002, $1.9709, and $1.9475. A breach of these supports could see the price testing lower levels, making $1.9709 and $1.9475 critical for traders to watch.

On the upside, resistance levels are at $2.1113, $2.122, and $2.1672. A move above the $2.1113 resistance could trigger a short-term rally, potentially targeting the next resistance at $2.122. A break above $2.1672 would be necessary to shift the market sentiment to a more bullish outlook. #altcoins #TrendingPredictions #BullorBear
The full analysis and trading strategy were originally posted on ecoinimist.com.

JASMY Price on the Rise: Can the Bullish Momentum Push Prices Past Critical Resistance Levels?

The recent performance of $JASMY price has shown a steady uptrend with closing prices moving from $0.039721 to $0.04394 over the past five periods. The 9 EMA has also been on the rise, currently at $0.041008, indicating a short-term bullish trend. Meanwhile, the 20 EMA, though lower at $0.039528, is also on an upward trajectory, confirming the positive momentum.

The MACD analysis supports this bullish sentiment. Initially, the MACD histogram showed a bearish divergence with negative values but has recently turned positive. The latest MACD values are 0.001699 for the MACD line and 0.001436 for the signal line, resulting in a positive histogram of 0.000263. This bullish crossover suggests increasing buying pressure and potential for further price gains.

RSI values have been consistently above 60, peaking at 73.393, indicating strong bullish momentum but also hinting at overbought conditions. High RSI values suggest that the asset might be due for a minor correction or consolidation before continuing its upward movement.

Given the current technical setup, #JASMY is likely to continue its upward movement if it can sustain above the immediate resistance level at $0.04394. Breaking this level could see the pair testing higher resistance levels around $0.045 and $0.047.

On the downside, key support levels to watch are $0.037951 and $0.034209. A fall below these levels might suggest a bearish reversal or deeper correction, with $0.034123 acting as a critical support to prevent further declines. #altcoins #TrendingPredictions #BullorBear
The full analysis and trade strategy were originally posted on ecoinimist.com.

ORDI Soars: Bullish Momentum Points to Further Gains – Can It Break Through Key Resistance Levels?

The recent price action for $ORDI on the 4-hour chart has shown a strong upward trend. The closing prices have incrementally risen from $56.97 to $62.28. This steady increase highlights bullish momentum in the market, suggesting a sustained interest from buyers. 

The 9 EMA has been trending upwards, moving from $56.857 to $59.476, which aligns closely with the closing prices and supports the notion of a bullish market. Similarly, the 20 EMA has risen from $54.471 to $56.655, though it lags behind the 9 EMA as expected. The crossover of the 9 EMA above the 20 EMA further reinforces the bullish trend, indicating strong upward momentum.

The MACD values also depict a bullish outlook. The MACD line has risen from 2.839 to 3.239, consistently staying above the signal line, which moved from 2.733 to 2.926. Meanwhile, the histogram values have shown positive readings, peaking at 0.313, which reflects increasing bullish momentum and potential further gains in price.

The RSI has been persistently high, ranging from 63.64 to 74.26. This indicates that the asset is in overbought territory, suggesting strong buying pressure. While high RSI values often precede pullbacks, they can also signal continued bullish strength if the trend remains strong.

The immediate resistance levels to watch are $63.767, $64.342, and $66.761. A break above these levels could signal a continuation of the bullish trend. On the downside, key support levels include $61.849, $61.622, and $61.506. Holding above these support levels is crucial for maintaining the current bullish outlook. #ORDI #altcoins #TrendingPrediction #BullorBear
The full analysis and trade strategy were originally posted on ecoinimist.com.

Will the BOME Price Soar or Stall? Key Indicators Reveal Mixed Signals – What Traders Need to Know Now!

The recent action of the $BOME price shows a fluctuating trend. Meanwhile, the 9 Exponential Moving Average (EMA) has been steadily rising from $0.013362 to $0.013561, suggesting a short-term bullish momentum. Similarly, the 20 EMA also shows a gradual increase from $0.013329 to $0.013455, reinforcing the upward trend on a slightly longer timeframe.

However, the Moving Average Convergence Divergence (MACD) indicators present a mixed signal. The MACD values show an increase, and the signal line has risen as well. The histogram, indicating the difference between the MACD and the signal line, has decreased, suggesting that while the MACD is currently above the signal line, the momentum is weakening. This could imply a potential reversal or consolidation phase ahead.

The Relative Strength Index (RSI) has fluctuated significantly, but indicates that #BOME is neither overbought nor oversold. The volume data also shows a significant decrease, suggesting reduced trading activity which could lead to less volatile price movements.

Key levels to watch include resistance at $0.01366 and $0.014094. If the price breaks above $0.01366, it could target the next resistance at $0.014094, suggesting a potential bullish continuation. On the downside, support levels are identified at $0.013498, $0.013442, and $0.013371. A break below $0.013498 could see the price testing the lower support levels, indicating a bearish move. #MemeWatch2024 #altcoins #BullorBear
The full analysis and trade strategy were originally posted on ecoinimist.com.