Price analysis 4/7: SPX, DXY, BTC, ETH, XRP, BNB, Sol, DOGE, ADA, Leo

Bitcoin (BTCA sharp return and trading near the level of $ 78,000. The largest encrypted currency declined by market value Less psychological support of $ 80,000 After the US futures market opened sharply on April 6. The sale continued on April 7, Bitcoin reached the lowest new level a year to a date of $ 74.508, but low levels attracted solid purchase by the bulls.

The image of the macroeconomic economy sent the index of fear and greed from American stock markets to only 4/100. These panic sale periods usually form a bottom where most hands and players who have benefited are surrendered. Once this occurs, the recovery is likely to be sharp.

However, it is a good strategy that remains careful, not excessive work in the short term because the fluctuation may remain high. Even the Michael Saylor Firm strategy, the world’s largest institution in the world in Bitcoin, Bitcoin purchases stopped last week.

Can Bitcoin maintain a recovery, or will the higher levels attract sellers? How is altcoins placed? Let’s analyze the plans to find out.

S & P 500 Index Price Analysis

The S& P 500 (SPX) index fell on April 7 for the third conversion day in a row, indicating panic among merchants.

The index fell to less than 4,950, but support near the level of Fibonacci 61.8 % is 4,884. Buyers raised the price to 5,246, but the highest levels attracted the sale, as shown from the long wick on the candlestick. If the price decreases and it collapses less than 4,835, the decrease may extend to 4,700.

The RSI has decreased deep into the sale area, indicating a near -term mobilization. Buyers are expected to face significant resistance at 5400 and then on a 20 -day Si -moving average (5558).

Analyze the price of the US dollar index

The US dollar index (DXY) erupted from support 103.37 on April 3 and arrived near biological support in 101.

The solid bounce of 101 support shows that low levels attract buyers. The sellers will try to stop the EMA relief rally for 20 days (103.95). If the price decreases from the EMA for 20 days, the bears will try again to reduce the price to 101.

Instead, the EMA break and closure for 20 days bring 101 to 108 large range. The index can then accumulate to the simple moving average for 50 days (105.62), which may serve as a barrier.

Bitcoin price analysis

Bitcoin fell without support for $ 76,606 on April 7, but a long tail on the candlestick shows the purchase of approximately $ 73777.

The positive difference indicates that RSI indicates that the declining momentum weakens, but not a sign that should be behaved without confirming a bullish price. A break and closure over the resistance line may indicate that the corrective stage may end. BTC/USDT pair may rise to $ 89,000 and then to $ 95,000.

Instead, if the price is rejected from the resistance line, it indicates that the bears remain in the matter. The sellers will again try to drown the husband less than 73777 dollars. If they can do this, the husband may collapse to $ 67,000.

Ether price analysis

Ether (EthThe downside resumed on April 6, after the price dropped without supporting $ 1754. Failure to start from $ 1550 is a shortage of bulls.

The sale has withdrawn the relative power index to the lands of sale, indicating that the relief process can be just around the corner. If the price increases from the current level, the ETH/USDT pair may rise to $ 1754. If the price decreases from $ 1,754, it indicates the sale of gatherings. This increases the possibility of a decrease to $ 1350 and then to $ 1,150.

Buyers will have to pay and keep the price over EMA for 20 days ($ 1853) to suggest that the downward trend can end.

XRP price analysis

Xrp (XrpI refused from EMA for 20 days ($ 2.16) on April 6 and closed less than 2 dollars, and completing the head and shoulder style.

The sale continued on April 7, with a lower price withdrawn than immediate support at $ 1.77. Buyers will try to start a recovery, but they are likely to face a strong sale at $ 2. If the XRP/USDT pair retracts $ 2, it will indicate that the bears have turned the level to resistance. This increases the possibility of a decrease to $ 1.27.

The first mark of strength will be a break and close to the level of $ 2.20. This indicates that the markets refused to collapse.

BNB price analysis

BNB (BNBIt declined sharply from EMA for 20 days ($ 597) on April 6 and decreased to less than the REErmering 61.8 % Fibonacci of $ 559.

BNB/USDT pair has backed $ 520, but the recovery is expected to face moving averages. If the price decreases from the current or EMA level for 20 days, it increases the risk of decrease to $ 500 and next to $ 460.

The bulls will have to pay and keep the price over the downward direction line to indicate a return. The husband may rise to $ 644 and then to $ 686. This indicates that the husband may remain within a large range of $ 460 to $ 745 for more time.

Solana price analysis

Solana (TellerLess than $ 120 collapsed to $ 110 on April 6, indicating the resumption of the declining direction.

Sol/USDT pair recovered from $ 95, but on the way, the bears are expected to constitute a strong challenge between the $ 110 and $ 120 region. If the price decreases sharply from the upper area, the husband may decrease to $ 80.

Time runs out for bulls. If they want to return, they will have to pay the price over EMA for 20 days (124 dollars). The husband may then rise to SMA for 50 days ($ 137).

Related to: Has Bitcoin decreased to 75 thousand dollars on the bottom? – The data indicates that BTC will continue

Dogecoin price analysis

Bulls failure to push Dogecoin (Dodge) Above 20 days of EMA ($ 0.17), another round of sale was attracted on April 6.

DOGE/USDT’s pair has decreased below $ 0.14, but the long -leach tail shows a strong purchase at lower levels. Buyers are expected to defend $ 0.14 with all their power because if they fail to do so, the husband may go down to $ 0.10.

The 20 -day EMA is the decisive resistance to monitoring the upper side. A 20 -day EMA break and closure indicates that the declining momentum weakens. The husband may then rise to SMA for 50 days ($ 0.19).

Cardano prices analysis

Cardano (LeadIt refused and broke less than $ 0.58 on April 6, indicating that the bears remain in control.

ADA/USDT’s pair of critical support fell at $ 0.50, as buyers enter. That recovery began, which is expected to face the sale at $ 0.58 and again in EMA for 20 days ($ 0.67). If the price decreases from the moving averages and breaks to less than $ 0.50, it indicates the start of the next station of the dumping move about $ 0.40.

Buyers will have to drive and keep the pair over SMA for 50 days ($ 0.73) to indicate that the bears lose their grip.

UNUUS LEO prices analysis

Unus Sed Leo (LeoIt refused from SMA for 50 days ($ 9.63) on April 4 and closed below the rising trend line of the rising triangle style.

Which invalidates the upscale preparation, which is a negative sign. The moving averages began to reject, and RSI near the sale area, indicating that the bears have the edge. There is simple support at $ 8.84, but if the crack level, the Leo/USD pair may decrease to $ 8.30.

Buyers have a difficult task in front of them if they want to prevent the downside. They will have to pay the price above 9.90 dollars to seize control.

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.

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