Predicting crypto with technical indicators: 30.04.2024

Predicting crypto with technical indicators: 30.04.2024

30 April 2024, 12:43
Kristian Kafarov
0
166

BASIS.

2: DAILY.

Daily chart represenst the huge divergence of fast and slow moving averages, which prohibits any further long-term trend untill they won't converge back. Untill that the price is most likely will shrink between them. It has already 'saw' the fast MA as a resistance level.

The only solid support here is 50-51k zone BTC (2500-2600 ETH, which has the same picture) the same level as in the weekly chart. And the time horizon of that convergence will probably be the same till october-2024.