The Fed’s meeting may increase volatility in the near term, resulting in a trending move in Bitcoin and select altcoins.
) remains stuck inside the symmetrical triangle pattern, indicating indecision among the bulls and the bearsBuyers are trying to guard the support line of the triangle. If they manage to push the price above the 20-day EMA , the BNB/USDT pair could rise to the resistance line. Traders will have to overcome this obstacle to signal the start of a new up-move.
Alternatively, if the price collapses below the triangle, it will suggest that the uncertainty has resolved in favor of the bears. The pair may then slide to $300 and thereafter extend the fall to the pattern target of $280.The long tail on the May 1 and 2 candlesticks shows that the bulls tried to start a recovery in XRP . However, they could not sustain the buying pressure and the price turned lower on May 3.The bears will try to extend the decline to the strong support at $0.43.
Instead, if the price turns up from $0.43 and breaks above the 20-day EMA , it will signal that bulls are on a comeback. The pair could then rally to the resistance line. If buyers surmount this hurdle, the pair may surge to $0.54.
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