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Technical Analysis: BTCUSD 16.05.2023

The rejection of lower prices on May 12 was the foundation that anchored yesterday's gains. BTC prices are above $27k when writing and look solid, reading from the candlestick arrangement in the daily chart. Overall, BTC may recover. Whether buyers will flow back depends on if prices break above $28.3k in the session ahead.

Technical Analysis: BTCUSD 15.05.2023

The last three days have been turbulent for BTC prices. Bitcoin prices crashed to as low as $25,800 before bouncing and stabilizing. Despite the recovery, price action favors sellers since the coin is trading at below critical resistance. Overall, this outlook will remain bearish and can influence price action in the session ahead.

Technical Analysis: BTCUSD 12.05.2023

On May 11, Bitcoin prices fell lower, dropping below the $27k level. BTC is below the primary trade range, distributing and under pressure at spot rates. Bears have the upper hand, and sellers can look for entries, riding the emerging trend with targets at crucial support levels in the short term.

Technical Analysis: BTCUSD 11.05.2023

On May 10, Bitcoin prices crashed to as low as $26,900. However, prices recovered with a Doji bar forming. Still, the coin is lower when writing, within a bearish formation, with a high probability of even more losses in the sessions ahead. For now, traders should watch out for how prices react at the immediate support of $27k.

Technical Analysis: BTCUSD 10.05.2023

Bitcoin prices are drab, trading inside a narrow range in a predominantly bearish formation. Although the bears of May 8 weren't confirmed, the failure of bulls to push higher points to weakness. As it is, the immediate support line remains at $27k. Conversely, how prices react at $28.3k and $30k may shape the short-term trend.

Technical Analysis: BTCUSD 09.05.2023

Bitcoin is down 4% on the last trading day, dropping below $28k, and inching closer to $27k, an important support level. This reaction points marks April 2023 lows. If lost, BTC may break out, slipping towards $25k in continuation of losses posted from April 19.

Technical Analysis: BTCUSD 08.05.2023

Over the weekend, Bitcoin prices moved lower. The sharp drop on May 6 wasn't confirmed on May 7. As such, the coin remains within a $4k trade range with resistance and support at $31k and $27k, respectively. Still, the uptrend holds, and prices are now inside a wedge after sharp gains from mid-March 2023.

Technical Analysis: BTCUSD 05.05.2023

Bitcoin is uneventful when writing. The coin is generally lower, trending below $30k. However, since it is above $28.3k and $27k is still a valid reaction point, traders should wait until a convincing breakout. The spike, in either direction, should be with rising volumes.

Technical Analysis: BTCUSD 04.05.2023

Bitcoin reacted to fundamental events in the United States and stayed above $27k and $28.3k. When writing on May 4, the uptrend remains, but sellers have a chance since buyers didn't reverse recent losses. Immediate support is at $28.3k, while bulls must break above $30k before the uptrend resumes.

Technical Analysis: LTCUSD 03.05.2023

Litecoin prices are higher when writing but remain under pressure. As an illustration, the coin is within the bear bar of April 26, and trading volumes are low. At the same time, prices are anchored by the bear bar of April 19 that continues to shape the current formation. Support lies at around $85 while resistance is at $95, or April 16 highs.

Technical Analysis: BTCUSD 03.05.2023

Bitcoin prices bounced back on May 2, reversing losses. Bulls are finding reprieve with the coin 2% higher in the past 24 hours. However, the path of least resistance remains southwards in the short term. As long as prices are inside the bear bar of May 1, every high is an unloading opportunity for aggressive sellers targeting $27k and $25k in short to medium term.

Technical Analysis: UNIUSD 02.05.2023

Uniswap is within a broader, multi-month consolidation. Following recent losses, UNI remains under pressure but continues to trend above the all-important support of around $5. Clear from the daily chart, the trend is shaped by the Bull Run from June to August 2022. However, since buyers are unconfirmed, this has given way for sellers to take charge.
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