The price has tested the resistance area and subsequently rejected that level. There is an uptrend line that serves as support; a break below this line could lead the price toward the major support area. You may consider opening a short position if the price tests the resistance area again.
Ethereum (ETH) is performing as anticipated, with the price maintaining its support level. The trendline remains intact, and if the support holds, we can expect a movement towards the next resistance area. However, if the price breaks below the support, it could drop to the $1500 level. If you have long positions open, consider using a stop loss below $1750. $ETH #kamup
ORDI is currently retesting the area and has flipped it as support. All eyes are still on BTC, as a significant drop could spoil the party. You may open a small long position at the support area with a tight stop loss.
PENGU has broken through the resistance area and is now trading above it. We may see a retest of this zone, which is where you can open long positions. After some accumulation, a continuation of the upward movement may occur.
The price is currently testing the resistance area. We will see if it can break above this level. If it does break through the resistance, it will indicate a bullish trend and the upward movement will continue. However, if the price is rejected at this point, it will likely fall back to the support zone.
SEI has broken the $0.18 level and is now heading towards the next resistance area. Let's see how the price reacts at this resistance area. A rejection from the resistance zone will send us back to the support zone.
The price is currently fluctuating between the support and resistance areas. This zone is not ideal for trading. We are waiting for a breakout above the resistance area to confirm a potential reversal. Conversely, a break below the support area would likely lead to further downward movement.
Price is currently trading within a symmetric triangle, indicating it is a no-trading zone. The breakout from this triangle will determine the next move. Be attentive to support and resistance levels for potential new entries.
The price has broken above the resistance area and is currently trading above it. We might see a retest of this level, and if the price can hold within this zone, we could anticipate a move upward. You can open a long position once the price retests the area.
The price is forming an Inverse Head & Shoulders (IH&S) pattern on the daily time frame. There is a high likelihood that we will see a move towards the support area for further accumulation. Currently, the price is at the resistance area. Consider adding some SOL near the support level.
Price is currently trading within the support and resistance zone. This area is considered a no-trade zone, so it's better to observe which direction the range breaks. You can engage in scalping with a tight stop loss while within the range.
JUST IN: MicroStrategy has purchased 6,556 BTC between April 14 and April 20 at an average price of $84,785, totaling approximately $555.80 million.
Michael Saylor remains relentless in his Bitcoin strategy, continuing to double down despite recent market volatility. $BTC #BTCRebound #USChinaTensions
SUI has tested the support area and bounced back from it. The price is gradually moving upward, and we may see a continuation of this upward trend. The downtrend line acts as a resistance area, and breaking above it could bolster the market's strength. It's advisable to use a stop loss just below the support area. $SUI #kamup