Price analysis 4/20: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT

) broke below the 50-day SMA on April 18 but the bears could not sustain the lower levels. The bulls purchased the dip and pushed the price back above the 50-day SMA.The buyers drove the price above the 20-day EMA today but the long wick on the day’s candlestick suggests that bears continue to sell at higher levels. The bears are currently attempting to sustain the price below the 20-day EMA.

If they succeed, the ETH/USDT pair could consolidate in a tight range between $2,883 and $3,166. This tight range trading is unlikely to continue for long and may result in a sharp range expansion within the next few days. A break below $2,883 could sink the pair to the uptrend line while a break above $3,166 could clear the path for a possible retest of the 200-day SMA .The bulls purchased the drop below the 50-day SMA on April 18, indicating strong demand at lower levels. Sustained buying pushed Binance Coin above the 20-day EMA on April 19 but the bulls are struggling to sustain the momentum.The flattish moving averages and the RSI just above the midpoint suggest a range-bound action in the near term.

Alternatively, if the price rebounds off the 20-day EMA , the bulls will attempt to push the pair above the strong resistance at $445 and challenge the 200-day SMA .

XMetaverse_ X-Metaverse is a blockchain game developed by Cocos3D and can run on Android, iOS and PC. All game content items and characters are based on blockchain tokens and NFTs. The visual effects and gameplay of X-Metaverse are inspired by StarCraft and Star Wars.

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$shib

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