Ethereum Analysis

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.

After a sharp decline, Ethereum has broken down both the 20-day EMA and the 50-day SMA, this is a bearish sign. However, it found support from the trend line 1. If this trend is broken the decline may extend to $464 level, it's 78.6 percent Fibonacci retracement.

On the way up, Ethereum will face resistance from the 50-day SMA and then from the 20-day EMA. We anticipate selling pressure on the area between these moving averages. So, you can trade Ethereum by buying on trendline and selling on moving averages.

Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.

Ethereum Analysis

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.

Ethereum has broken down the uptrend today, however, it found support from the 200-day SMA. If Ethereum finds it difficult to come back again above the uptrend, it may sink to test the $614 level, below it the 50-day SMA will be the next support level.

On the upside, Ethereum should break out both the 20-day EMA and the trendline for the first target at $765, if Etherum succeeds to go above this target a move to $830 is possible which is the 6 MAY high.

Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.

Where to Buy TRX

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.


After hitting $0.10 level as expected in the last analysis, TRX has failed to penetrate this level so it bounced back. Moreover, it wasn't able to break out the small downtrend ( the black one on the chart) in the last four days.

However,  TRX is still trading on the uptrend ( the red one on the chart). It should provide support, but if the bears break it down a fall to $0.0566 level is possible where we anticipate strong buying. Since this is the 61.8 percent Fibonacci retracement from the last fall from $0.10  to $.0282 and where the 50-day SMA is located now.

TRX will turn negative if it breaks down $0.0566 level. On the upside, we expect some minor resistance from the downtrend. Therefore, we recommend buying TRX on a breakout of this trend.

On the downside, we recommend buying TRX at $0.0566 level.

Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.

BTC is Bullish

*  We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.

BTC has bounced back today from the $9750 level. It's still trading under the 200-day SMA which shows strong resistance.The bulls will again try to break into the 200-day SMA, which will be another bullish sign. If that happens we expect a rally to trendline 2 shown in the chart.

If any correction happens, BTC will find support from the small trendline shown in red, and from the 20-day EMA. However, if the supports break down a fall to the 50-day SMA is expected. We also think that any dips will be bought by the bulls.

Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.