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BTC, ETH, NEAR, SOL, LUNA, FTM (May - Week #2) Technical Analysis
2022-05-10 | Selina Mathew
The price movement this week has continued to record lower highs and lows. The price activity of BTC, ETH, NEAR, SOL, LUNA, and FTM in the 4-hour time frame will be examined in this week's technical analysis.
For the bulls, a 4-hour close over $32,550 is optimal. If we lose the recent bottom or are rejected by $32,500, however, the price will continue to fall.
The bulls are in position for a higher high after a 4-hour closing over $2,500. If we witness a rejection from this level, we can expect lower lows to continue.
NEAR/USDT
Expect the bulls to enter if the 4-hour closing is over $11.35. Expect the sell-off to continue if we witness a failed effort at a higher peak.
The bulls are off to a solid start with a 4-hour closing over $70. Expect a continuation of lower lows if we see a rejection from $70-$75.
The bulls have a chance if the 4-hour closing is over $35. However, if this level is rejected, anticipate the sell-off to continue.
AVAX/USDT
The bulls are back in this after a 4-hour closing over $55. However, if the $50 zone is rejected, anticipate lower lows to continue.
FTM/USDT
The bulls have some confidence after a 4-hour closing over $0.70. However, anticipate a rejection from this level to be unpleasant.
