With Bitcoin retracing below its 4-hour 20/50/200 EMA, the overall market structure slightly favoured the selling viewpoint. Accordingly, ApeCoin saw a reversal from the $13-mark and broke out of its up-channel.
Ethereum Classic entered into a low volatility phase while flashing a weak trend. On the other hand, Shiba Inu pictured a slight bullish preference on its near-term technicals.
Сиба-ину (SHIB)
Источник: TradingView, SHIB / USD.
Do note that the price is multiplied by 1000 from here, for brevity.
On its way up from its mid-March lows, SHIB buyers attempted to drift the long-term outlook in their favor, but the bears upheld the nine-week trendline resistance (white, dashed).
The buyers did take charge of the long-term support from the $0.021-mark. Over the last five days, the meme token saw an over 24% growth that halted at its trendline resistance. Despite the recent pullback, the price swayed above the 20/50/200 ЕМА and displayed a bullish preference.
На момент публикации SHIB торговался на уровне $0.02572. За последние несколько дней, RSI hovered around the midline and noted a slight bullish edge. Furthermore, the CMF revealed a bias favoring the sellers. But, recovery from its support would affirm a hidden bullish divergence with price.
Ethereum Classic (ETC)
Источник: TradingView, ETC / USDT
ETC lost more than 70% of its value from its September highs and touched its nine-month low on 22 January. Since then, the altcoin has seen an aggressive 78.3% recovery over the last three months.
As a result, it touched its four-month high on 29 March. Since then, ETC has steeply declined in a descending channel (yellow). With the $37-base intact, the buyers endeavored to find a sustainable break above the pattern.
На момент публикации ETC торговалась по $37.65. То DMI refrained from giving an advantage to either side. To top it up, the ADX indicated a weak directional trend for ETC.
ApeCoin (APE)
Источник: TradingView, APE/USDT
APE did quite well while recovering in an up-channel (yellow) on its 4-hour chart. Following its 30% 10-day plunge, buyers re-entered the market around the $10.6-mark and pulled the price up from its multi-week lows.
But with the $13-resistance standing sturdy, the sellers propelled a downswing below its 20 EMA (красный) и 50 EMA (cyan). This fall led the price to keep testing the lower band of the Линии Боллинджера while breaking into high volatility.
На момент публикации APE торговалась по $11.5435. RSI devalued in a down-channel below the equilibrium. A close above its upper trendline would open up recovery gates towards the 50-mark.
Source: https://ambcrypto.com/shiba-inu-ethereum-classic-apecoin-price-analysis-17-april/