SUSHI analysis:

SUSHI bounced from the $3.00-$3.15 support area and break the downtrend resistance line. We will see a retest of the $3.45 support area before the next move. The next resistance is $3.70-$3.75 area and $4.15-$4.20 area. You can open a long position near $3.45 with a tight stop loss.

Bitcoin broke above $42,000 but was unable to hold above this level and turned out to be a fakeout. Bitcoin dumped because FED chairman Jay Powell signals that interest rates will be increased by 50 points in May. If BTC holds above $40,000 then we see again a move towards the $42,000 level.

The TOTAL marketcap is holding above the support of the $1.80 trillion area. The market is bullish as long as TOTAL holds above this support level. A break below this support is bearish and we see a test of the $1.50 trillion support level.

SUSHI retested the support line as expected and bounced from there. SUSHI now trying to break the $3.70-$3.75 resistance area. You can increase your stop loss to breakeven price and hold this trade.

Educational Post:

Bollinger Bands

Bollinger Bands are a technical analysis tool developed by John Bollinger for generating oversold or overbought signals.

There are three lines that compose Bollinger Bands: A simple moving average (middle band) and an upper and lower band.

Prices have a tendency to bounce within the bands' envelope, touching one band then moving to the other band. You can use these swings to help identify potential profit targets.

A strong trend continuation can be expected when the price moves out of the bands. However, if prices move immediately back inside the band, then the suggested strength is negated.

BAT gives a fakeout above the resistance area. BAT is respecting the uptrend line support and holding it well. Decision time for BAT is here and we will see a breakout or breakdown soon. If BAT holds above $0.80 then we see an upward move towards the $1.00 area. Hold your positions with stop loss.

DOT is again rejected from the resistance area. DOT needs to break this resistance to turn bullish. The support is $17-$17.70 area and you can add more DOT in this zone. Hold your old position with stop loss below this support level.

LINK analysis:

LINK is now trading near the major support of $12.80-$13.50 area. You can add some LINK in this zone for mid-term. The local resistance is $15.20-$15.40 area and the major resistance is $17.30-$18.00 area. We may see a bounce from the support area towards the resistance level.

BAKE analysis:

BAKE gave a huge rally and is now in the cooling-off period. BAKE is bullish as long as it holds above the $0.75 support area. The next resistance is $0.95-$1.00 area and $1.25-$1.30 area. Hold your BAKE position with a stop loss below the $0.75 support area.

Bitcoin continues the downward movement and breaks below the $40,000 area. The next good support is the $38,500-$39,000 area and BTC needs to hold above this level. Global markets also show downward movement because of the FED interest rate increment news. We will see high volatility in the next few days.

Educational Post:

Relative Strength Index (RSI)

The RSI provides technical traders with signals about bullish and bearish price momentum, and it is often plotted beneath the graph of an asset’s price.

An asset is usually considered overbought when the RSI is above 70% and oversold when it is below 30%.

True reversal signals are rare and can be difficult to separate from false alarms. A false positive, for example, would be a bullish crossover followed by a sudden decline in a stock. A false negative would be a situation where there is a bearish crossover, yet the stock suddenly accelerated upward.

I'm looking at the ETH Onchain data on Glassnode. One of the best simple metrics is this. With strong outflows recently and robust accumulation occurring. If we see low inflows throughout the current pullback, we should see bullish continuation.

#BAT now break the supporting uptrend line after the fakeout. Now, a pullback is expected and dump might continue till $0.68 or below. It was more looks like a bear flag in LTF. Around, $0.63 is the strong level, where we gonna look for entries.

#SUSHI rejected from the strong resistance zone of $3.65 - $3.73. Currently, price is retesting back to the downtrend resistance line. Price can easily broke it down and test little bit low. If you opened the position then hodl with tight stoploss.

CRV analysis:

CRV has formed a big symmetric triangle on the daily timeframe. The resistance line is near $2.80 and a break above this level is bullish. If CRV is rejected from here then the local resistance is $2.35-$2.40 area and $2.00-$2.10 area. Wait for a breakout above the resistance line or test of support zone for new entries.

Bitcoin is trading in an uptrend channel on a 4-hour chart. BTC is now taking the support at the bottom line. We may see a bounce from here. If BTC breaks below the support line then we see more downward movement. Hope BTC bounces from here towards the $42,000 resistance level.

APE tested the $18 resistance level but was unable to give a candle closing above it. APE is still bullish and we may see a continuation of this upward movement. The first support is $15.50 area and $13.50-$13.70 area. Hold your positions with stop loss.

SOL analysis:

SOL is formed a big symmetric triangle and now reached the decision time. We will see a breakout of this triangle soon. A break in upward direction is bullish and we see a rally towards $150 area. If SOL break the triangle in downward direction then we see a move towards $80 support area. You can open a long position with tight stop loss.

LUNA analysis:

LUNA bounced from the support of $76-$79 area. LUNA also break the $89 resistance and now trading above it. The next resistance is $100-$103 area and if LUNA break above this the we see a move towards $120 resistance area. If LUNA break the $89 support then we see a test of $76-$79 area.

Educational Post

Fibonacci Retracement

Fibonacci retracement levels connect any two points that the trader views as relevant, typically a high point and a low point.

The most commonly used ratios include 23.6%, 38.2%, 50%, 61.8%, and 78.6%.

These levels should not be relied on exclusively, so it is dangerous to assume the price will reverse after hitting a specific Fibonacci level.

While the retracement levels indicate where the price might find support or resistance, there are no assurances the price will actually stop there. This is why other confirmation signals are often used, such as the price starting to bounce off the level.

JASMY analysis:

JASMY break the long downtrend line and also retested it. The major resistance is the $0.0282-$0.029 area and a break above this is bullish. The local support is $0.024 level and good support is $0.022-$0.0225 area. We may see a test of major resistance in the coming days.