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

FLOKI Price Plummeting? Critical Support Breach Could Trigger Massive Sell-Off!

The $FLOKI price action sees it hovering around a critical support level at $0.0002153. Should the price breach this support, it could further decline towards the next support level at $0.00020594, and potentially down to $0.00020127. Conversely, on the upside, resistance levels at $0.00021919 and $0.00023064 are pivotal. A breakthrough above these resistance points may indicate a bullish reversal, targeting higher price levels.

The 9 EMA (Exponential Moving Average) and 20 EMA are both trending downwards, which is indicative of the prevailing bearish sentiment. The 9 EMA has consistently stayed below the 20 EMA, further affirming the bearish trend. However, there is a crossover where the 9 EMA moves above the 20 EMA, which could be an early sign of a bullish reversal.

The MACD (Moving Average Convergence Divergence) indicator also supports the bearish outlook. The MACD line remains below the signal line, and the negative histogram values confirm the downtrend. Traders should watch for a potential bullish crossover of the MACD line above the signal line, which could signal a buying opportunity.

The RSI, currently ranging between 27 and 33, suggests that #FLOKI is in oversold territory. An RSI value below 30 typically indicates that the asset is oversold and could be due for a bounce. This presents a potential entry point for long trades, especially if the RSI begins to rise above 30. #MemeWatch2024 #altcoins #BullorBear #TrendingPredictions
The full analysis and trade strategy were originally posted on ecoinimist.com.

ICP Crypto Poised for Reversal? Key Resistance Levels to Watch!

The $ICP crypto has shown a mixed performance on the 4-hour chart, with closing prices fluctuating recently. Recent closing prices indicate a slight downward trend, suggesting that the market sentiment has been bearish over the past few sessions. 

The 9 and 20 Exponential Moving Averages (EMA) further support this sentiment. 9 EMA values are consistently below the 20 EMA values, indicating a bearish trend. When the short-term EMA remains below the long-term EMA, it typically signifies ongoing downward momentum. Traders should keep an eye on these EMA levels for signs of a potential reversal.

Meanwhile, the Moving Average Convergence Divergence (MACD) indicator also paints a bearish picture. The MACD line is currently below the signal line, although the histogram shows some positive divergence, suggesting that bearish momentum might be weakening. However, until the MACD line crosses above the signal line, the bearish sentiment remains dominant.

The Relative Strength Index (RSI) values have been hovering around the mid-40s, reflecting a neutral to slightly bearish stance. An RSI below 50 indicates that sellers have a slight edge over buyers, although it is not in oversold territory, which would be below 30.

Considering the technical indicators and price levels, traders should be cautious. For long positions, potential entry points might be considered if the #ICP crypto can break above the immediate resistance levels at $10.752, $11.037, and $11.122. A confirmed break above these levels, accompanied by strong volume, could signal a reversal of the current downtrend.

On the downside, a break below the support level at $9.962 could trigger further selling pressure, making it a potential entry point for short trades. #altcoins #TrendingPredictions #BullorBear
The full analysis and trade strategy were originally posted on ecoinimist.com.

CRV Crypto Oversold: Is a Major Rebound on the Horizon?

The recent price action for the $CRV crypto has been marked by significant volatility, with closing prices showing a decline from $0.3558 to $0.28 over the past 48 hours. This downward trend is reflected in the exponential moving averages (EMAs), with the 9 EMA dropping from $0.3654 to $0.3212 and the 20 EMA from $0.3798 to $0.3513. The convergence of these moving averages indicates a prevailing bearish trend, suggesting potential for further downside.

The MACD indicator, known for identifying changes in the strength, direction, momentum, and duration of a trend, also supports a bearish outlook. Meanwhile, the MACD line has consistently stayed below the signal line, with the histogram showing a series of negative values, indicating increasing bearish momentum. Current MACD and signal values, alongside a declining histogram, further reinforce this negative sentiment.

Moreover, the Relative Strength Index (RSI) values have been consistently low, ranging from 32.70 to 22.58, signaling that #CRV crypto is in oversold territory. An RSI below 30 often suggests that the asset is undervalued, potentially hinting at a forthcoming reversal or a temporary bounce. However, the persistent oversold condition without a significant upward correction implies that sellers are still in control.

Looking ahead, traders should be vigilant around key resistance levels. The first notable resistance is at $0.3711, followed by more substantial barriers at $0.417 and $0.4228. A break above these levels could signal the beginning of a bullish reversal, presenting potential long entry points for traders looking to capitalize on an upward move. #altcoins #BullorBear #TrendingPredictions
The full analysis and trade strategy were originally posted on ecoinimist.com.

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.

Is the 100k bull market really comming this year? Will meme coin go 5X or more?

We all have these two questions in mind. Right? But what is the ultimate answer?

Well, if you'd ask me, my answer is the same. I'm 80% certain that BTC will rally all the way up to 107k or maybe more. Why? Since 107k is the ultimate BTC weekly chart target, I stand my ground, I am 107k bullish.

So I've been telling you that over and over, yet price is still going back and forth the the 60k-70k zone. So whats the real score?

One thing is true in crypto, huge moves doesn't usually come in an instant. Candles will always move in zigzag while forming a key support as foundations for a huge upside rally.

Hence, before a huge pump, we usually see chart formations like double or tripple bottom, inverted Head and Shoulders, bullish rectangle, and bullish pennant. Truth is, these formations is a sign that candles are creating support.

Right now, we see these patterns in the BTC, weekly, and even monthly chart. The KDJ oscillator is likewise giving bullish signals. And those are enough for me to believe that 100k is possible in the comming weeks or even days.

So for now, accumulate, and keep bagging. Buy the dip 😁. By the way, if you're still looking for alts to prepare for the alt season check out PITBULL. You know me, I'm a fan of safe, low cap tokens and PIT is just one of them. There are others too, if you know one comment below, I will check 😁.

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#BTC #TechnicalAnalysis #Marketupdate #BullorBear #Pitbull

XRP Price in a Bearish Storm: EMA and MACD Indicators Signal Potential Downtrend Ahead!

The $XRP price reveals a downtrend with significant bearish momentum on the 4-hour chart. The 9 EMA (Exponential Moving Average) and the 20 EMA both indicate a downward trajectory, highlighting a potential continuation of this bearish sentiment. With the 9 EMA currently at $0.4981 and the 20 EMA at $0.5086, the shorter-term trend remains weaker, as evidenced by the convergence of these two EMAs. Traders often use such EMA crossovers to confirm ongoing trends or potential reversals.

The MACD (Moving Average Convergence Divergence) further supports the bearish outlook. The MACD line is consistently below the signal line, with the histogram indicating widening negative values. This pattern suggests a strengthening bearish trend, implying that selling pressure is increasing. Furthermore, the RSI (Relative Strength Index) is hovering around 35.6, indicating that XRP is approaching oversold conditions. However, until it dips below 30, it does not yet confirm an oversold market.

In terms of critical levels, the #XRP price faces immediate resistance at $0.4999 and more robust resistance at $0.5212. These levels represent potential hurdles that the price needs to clear for a bullish reversal to be considered. Conversely, the nearest support levels are at $0.4788 and $0.4759, with a stronger support level at $0.4744. These support levels are crucial for traders to watch as they could potentially halt further declines or act as points of reversal. #Ripple #altcoins #BullorBear
The full analysis and trade strategy were originally posted on ecoinimist.com.

BTC USD Alert: Critical Support and Resistance Levels Signal Potential Market Shift!

The $BTC USD pair on the 4-hour chart reveals a landscape characterized by recent price fluctuations and critical support and resistance levels that traders should be aware of. Currently, the Bitcoin price is trading around key technical indicators which offer insights into potential future movements.

#BTC is oscillating between significant support and resistance levels. The nearest support levels are at $65,463.99 and $61,937.4, with a more distant support at $61,277.37. These levels have historically acted as strong floors, preventing further decline and potentially serving as entry points for long trades.

On the upside, resistance levels are marked at $68,245.71, $69,436.43, and a more ambitious target at $71,108.0. The resistance at $69,436.43 is particularly critical, as a break above this level could signal a bullish trend continuation towards the higher resistance of $71,108.0.

The 9 EMA currently trends slightly above the 20 EMA, suggesting a short-term bullish momentum. However, the overall trend remains cautious as the EMAs begin to converge, indicating a potential period of consolidation or reversal.

Meanwhile, the MACD line is below the signal line, and the histogram has been negative for the past sessions, showing increasing bearish momentum. This suggests that bearish pressure might continue unless there is a significant change in market sentiment.

RSI values have ranged between 55.18 and 47.01, hovering around the midline of 50. This neutral stance implies that neither bulls nor bears are currently in control, and the market could swing in either direction based on upcoming catalysts. #Bitcoin❗️ #Bitcoin(BTC) #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

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.

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.

"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

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.

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.

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.

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#BTC #TechnicalAnalysis #Marketupdate #BullorBear #Pitbull

$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!

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#BTC #TechnicalAnalysis #Marketupdate #BullorBear #buythedip

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.