Cryptocurrency Forecast Using Technical Indicators: April 30, 2024 – Analysis and Forecast – April 30, 2024

basic.

2: Every day.

The daily chart is giant The divergence of the fast and slow moving averages prohibits further long-term trends until they converge again. By then, prices are likely to have decreased between them. We have already ‘seen’ the fast MA as a resistance level.

The only clear support here is the 50-51k area BTC (2500-2600 ETH, same picture). — It is at the same level as the weekly chart. And the time span of that convergence will probably be the same. — Until October 2024.