The recent carnage in Usa rough oil futures and the selling in Brent afflicted the equity markets but did not cause whatever noticeable fall in the crypto markets. This is a positive sign as it suggests that the crypto markets are gradually decoupling from other assets that are perceived as risky.

A recent Bloomberg report outlined several reasons to support their view that Bitcoin is ready for a bull run in 2022. According to Bloomberg, "the unprecedented monetary stimulus" in the wake of the COVID-19 crisis will do good both golden and Bitcoin. It has said that Bitcoin will become digital gilt in 2022. This suggests that mainstream media is also gradually recognizing the potential of Bitcoin, a indicate crypto enthusiasts take been proclaiming for a long time.

Daily cryptocurrency marketplace performance. Source: Coin360

Being a new asset class, the transition from fiat to crypto volition take time and this slow pace of change sometimes rattles investors. Veteran trader Peter Brandt recently asked whether Bitcoin was "actually living upward to its loftier expectations?" He pointed out the low corporate interaction as the reason that made him voice his concern about Bitcoin adoption.

While the world goes into a money printing spree, Bitcoin's upcoming halving in the midst of the largest crisis in decades is a reminder of how information technology is different from fiat. Global events and political aspirations cannot tamper with information technology. Advantages such as these could gradually attract people towards crypto and the rate of adoption could increment due to the current crisis.

BTC/USD

Bitcoin (BTC) has been trading inside the $6,471.71-$seven,454.17 range for the past few days, without a clear sense of direction. The twenty-24-hour interval exponential moving average ($half dozen,931) is flat and the relative strength alphabetize has been hovering around the fifty marking, which suggests a residuum between the bulls and the bears.

BTC–USD daily nautical chart. Source: Tradingview

A symmetrical triangle, which commonly acts as a continuation pattern, is forming inside the range. If the bulls can button the BTC/USD pair above the triangle, information technology volition be the first indication that the bulls have overpowered the bears and an up move is probable.

On a pause above $7,454.17, a quick movement to $8,000 is possible. The bears might mount a defense of this level only it is probable to be scaled. Above this, the up move tin attain $9,000 levels.

Conversely, if the bears sink the pair below the triangle, it will signal weakness. Below the triangle, a drib to $six,471.71 is probable just if this level also gives way, the pair is likely to drop to $5,600. Therefore, the stop loss on the long positions tin can be trailed college to $6,200.

ETH/USD

Ether (ETH) is currently trading inside an ascending channel. On April xx, the bulls purchased the dip to the xx-day EMA ($162.60), which is a positive sign. This shows that the sentiment is to buy the dips.

ETH–USD daily nautical chart. Source: Tradingview

The xx-mean solar day EMA ($165.23) is sloping up and the RSI is in the positive territory, which suggests that bulls have the upper hand.

If the buyers tin can push the ETH/USD pair to a higher place $176.103, a motility to the resistance line of the ascending channel is possible. This level might again human action as a resistance but if the bulls tin can drive the price in a higher place the channel, a rally to $250 is likely.

The surly scenario would come into play if the bears sink the pair below the ascending channel and the horizontal support at $148. If this level cracks, it could event in a deeper correction. Therefore, the long positions tin be protected with a end loss of $145.

XRP/USD

The bulls purchased the dip to the support of the $0.20570-$0.17372 range on Apr 20. While this is a positive sign, the failure of the bulls to comport XRP above the downtrend line could indicate a lack of need at college levels.

XRP–USD daily nautical chart. Source: Tradingview

Currently, both moving averages are apartment and the RSI is too close to the midpoint, which suggests a balance betwixt the buyers and sellers.

The XRP/USD is likely to pick up momentum after the bulls propel the price above $0.20570. Above this level, a rally to $0.25 is possible.

All the same, if the pair turns downwards from the electric current levels or from the downtrend line and breaks below $0.17372, it will indicate that bears have the upper hand. Therefore, the stop loss on the long positions can be kept at $0.165.

BCH/USD

Bitcoin Cash (BCH) has been trading below the moving averages since Apr 20, which is a negative sign. A bearish head and shoulders pattern is also developing that will complete on a pause beneath $200.

BCH–USD daily nautical chart. Source: Tradingview

If the BCH/USD pair sustains below $200, the H&S design has a target objective of $119.53. Therefore, the long positions can exist protected with a stop loss of $197.

This bearish view will be invalidated if the bulls tin carry the price higher up the moving averages and the overhead resistance at $250. Such a motion will bespeak forcefulness. The momentum could choice up above $280.47, opening the gates for a possible rally to $350.

BSV/USD

Bitcoin SV (BSV) is attempting to bounce off the back up line of the symmetrical triangle. The next trending motion could start after the price breaks out or breaks downwards from the triangle. Currently, the 20-day EMA ($187.95) is flat and the RSI is close to the midpoint, which suggests a residual between supply and demand.

BSV–USD daily nautical chart. Source: Tradingview

A breakout of the triangle will be the first indication that the bulls have gained the upper mitt. The bears might again defend the overhead resistance at $227 but if this level is crossed, an up move to $268.842 is possible.

Conversely, if the bears succeed in breaking below the triangle and the horizontal support at $170, the BSV/USD pair could decline to $110. Hence, the long positions tin can be protected with a stop loss of $165.

LTC/USD

Litecoin (LTC) dipped below the xx-day EMA on Apr xx simply the bears could not sink the toll to the horizontal support of $37.8582. The altcoin is attempting a bounciness off $39.5823, which is a positive sign as it shows that the bulls accept stepped in at a higher level instead of waiting to buy at the support.

LTC–USD daily nautical chart. Source: Tradingview

If the LTC/USD pair breaks out of the $43.67-$47.6551 resistance zone, a rally to $52.2767 and and then to $63 is possible.

On the other paw, if the pair turns down from the overhead resistance zone, it can drib to $35.8582. A interruption below this level could be a huge negative as it volition indicate that the bears have overpowered the bulls. Therefore, the finish loss on the long positions tin exist kept at $35.

EOS/USD

EOS is range-bound between $two.3314 and $2.8319 for the by few days. The xx-mean solar day EMA ($2.54) is flat and the RSI is simply above the midpoint, which suggests a balance between the buyers and sellers.

EOS–USD daily chart. Source: Tradingview

The advantage will tilt in favor of the bulls on a pause above the overhead resistance at $2.8319. A breakout of the range gives the EOS/USD pair a target objective of $3.3324. If this level is too crossed, the next level to scout on the upside is $3.8811.

This view will be invalidated if the pair breaks down from the range at $2.3314. Such a motility will requite information technology a target objective of $1.8309. The stop loss on the long positions can be kept at $2.twenty.

BNB/USD

Though Binance Coin (BNB) broke beneath the surly rise wedge pattern on Apr 20, the bulls held on to the twenty-twenty-four hour period EMA ($fourteen.88). This is a positive sign as it shows that the bulls are buying the dips to the 20-solar day EMA.

BNB–USD daily nautical chart. Source: Tradingview

The gradually upsloping 20-day EMA and the RSI in the positive territory suggests that bulls have the upper paw. If the bulls tin push the BNB/USD pair above the resistance line of the wedge, it volition invalidate the bearish pattern. The next level to watch on the upside is $21.50.

However, if the current bounce fizzles out and the pair turns downwards and plummets below the twenty-day EMA, information technology will signal weakness. A break below the horizontal back up at $13.65 will indicate the likelihood of a deeper pass up. Therefore, the protective stop loss on the long positions can exist retained at $13.

XTZ/USD

Tezos (XTZ) dipped below the breakout level of $2.185 on April twenty but plant support just higher up the 20-day EMA ($two). This is a positive sign as it indicates buying on dips to the twenty-solar day EMA.

XTZ–USD daily chart. Source: Tradingview

Currently, the bulls are attempting to push button the XTZ/USD pair above the overhead resistance of $two.3756. If successful, a rally to $2.75 is likely. The upsloping twenty-day EMA and the RSI in the positive territory suggest that bulls have the upper hand.

This bullish view would exist in danger if the pair turns down from the current levels and breaks below the 20-day EMA. A break below $1.8271 volition shift the reward in favor of the bears. Therefore, the stops on the long positions tin can be maintained at $ane.75. If the cost sustains above $2.40, the stops can exist trailed higher to $2.

LINK/USD

The bulls repeatedly failed to articulate the overhead resistance of $3.83 from April eighteen-20. This resulted in a drop to $3.3729, which was purchased by the bulls. Currently, the bulls are again attempting to propel Chainlink (LINK) above the overhead resistance at $iii.83.

LINK–USD daily chart. Source: Tradingview

If successful, the LINK/USD pair is likely to pick up momentum and resume its up motility towards $4.9762. The bears might offer resistance at $4.2023 but the possibility of a break higher up this level is high.

The first sign of weakness would exist a interruption below the trendline and the 20-day EMA ($3.22). If the bears sink the pair below $2.9450, a deeper decline is possible.

The views and opinions expressed here are solely those of the writer and exercise non necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You lot should bear your own research when making a decision.

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