The globe is currently witnessing its worst crisis in decades, which dwarfs even the previous financial crisis. Even when traditional nugget classes similar equities and crude oil are struggling, Bitcoin (BTC) has held out exceedingly well.

Travis Kling, the caput of crypto hedge fund Ikigai, said that the top-ranked cryptocurrency on CoinMarketCap has preserved wealth for its investors every bit its price has "increased 0.sixty% from the end of February to the finish of April among one of the most catastrophic economic events in history."

Crypto market data daily view. Source: Coin360

With Bitcoin halving less than nine days abroad, the big question troubling traders is whether the price volition pump or dump following the event. Diverse comparisons and possibilities are being projected only in reality, no one knows with certainty how it volition play out. Therefore, traders should exist gear up with their plan of activeness for both possibilities. The uncertainty can lead to high volatility, which can offer trading opportunities both on the long side and the curt side of the market.

BTC/USD

Bitcoin (BTC) is in an uptrend. Both moving averages are sloping up and the relative strength alphabetize is in overbought territory, which suggests that bulls are in command.

BTC-USD daily chart. Source: Tradingview

Currently, the bears are mounting a stiff resistance close to $9,200. If the bulls can propel the cost above this resistance, the momentum is likely to pick upwards and a quick motility to $10,000 is possible.

Conversely, if the bulls fail to propel the price to a higher place $nine,200, a drib to the ten-day exponential moving boilerplate ($eight,320) is possible. If BTC bounces off this support, the possibility of a interruption in a higher place $nine,200 increases as it will suggest that the bulls are not waiting for a deeper correction to buy.

Even so, if the bears sink the price below the 10-twenty-four hour period EMA, a driblet to the breakout level of $8,175.49 is possible. A break beneath this level can drag the cost to the 20-solar day simple moving boilerplate ($vii,626). Such a move volition suggest that the momentum has weakened.

BTC-USD 4-hour nautical chart. Source: Tradingview

The 4-hr chart shows the formation of a pennant. If the bears sink the price beneath the pennant, a drop to $viii,175.49 and below it to $7,700 is possible.

The intraday traders can attempt a curt trade with a shut finish-loss if the price sustains beneath the pennant for four hours. As this is a counter-trend trade, the risk is high, hence, a smaller position size can be used.

Conversely, if the BTC/USD pair reverses direction from the current levels and breaks out of the pennant, the up motility is likely to resume. The target objective of a break above the pennant is $x,900.

However, the bears are unlikely to requite up without a fight. They would effort to stall the rally at $ten,000 and once again at $10,500. Therefore, the traders can sentinel these levels closely and book partial profits if they observe that the toll is turning around.

ETC/USD

After existence an underperformer for a long time, Ethereum Classic (ETC), the 19th-ranked cryptocurrency on CoinMarketCap is trying to play catch up. The breakout above the overhead resistance of $vii.04147 on May two is a positive sign.

ETC-USD daily chart. Source: Tradingview

Both moving averages are sloping upwardly and the RSI had risen into the overbought territory for the kickoff fourth dimension since early Feb, which suggests that the bulls have made a strong improvement.

If the bulls can sustain the price in a higher place the breakout level of $seven.04147, the momentum is probable to pick up. The target objective is a motility to $8.65404 and and so to $10. This bullish view volition exist invalidated if the bears sink and sustain the price below $7.04147.

ETC-USD 4-hour nautical chart. Source: Tradingview

The 4-hour chart shows that the ETC/USD pair has been taking support at the 20-moving average during pullbacks. This shows that the tendency remains upwardly and the bulls are using the dips to buy.

However, the bears are unlikely to requite up easily. They are attempting to stall the up motility closer to $seven.60. Therefore, the price might consolidate near $vii.05 levels for some fourth dimension. Traders can wait for the pair to pause above $7.63 earlier ownership. The positions can be closed if the price sustains below the xx-MA.

Aggressive traders can buy on dips to the 20-MA after the pair starts to resume the uptrend by forming a decisive bullish bar. The stop-loss tin can exist kept just below the 20-MA.

On the upside, traders can book partial profits in the $eight.28-$8.65 zone if the bulls struggle to break above information technology.

TRX/USD

Tron (TRX) could be getting ready for a sharp upward move inside the next few days. The 15th-ranked crypto nugget on CoinMarketCap is currently trading inside an ascending channel.

TRX-USD daily chart. Source: Tradingview

Both moving averages are sloping upwardly and the RSI is close to the overbought zone, which suggests that the bulls have the upper hand.

If the bulls can push the cost above $0.0167242 and the resistance line of the channel, the momentum is probable to pick up. Higher up the channel, the first level to watch out for is $0.0183655 and and so $0.0213957.

Nevertheless, if the bulls fail to propel the toll above the channel, a drop to the support line of the aqueduct is likely. The trend volition turn in favor of the bears if the price drops beneath the channel.

TRX-USD four-hour chart. Source: Tradingview

The bears are attempting to stall the rally at the resistance line of the aqueduct. If the price breaks and sustains below the trendline and the midpoint of the channel, the tendency will weaken and a drop to the back up line of the channel is possible.

This could offer a low-take chances buying opportunity for the traders. The stop-loss for this merchandise can be kept merely beneath the aqueduct. The traders can initiate long positions after the TRX/USD pair rebounds off the support line of the channel.

Another trading opportunity is likely to open up after the bulls push the price above $0.0167242 and the resistance line of the channel. The traders can wait for the price to close (UTC fourth dimension) above the channel before buying.

BCH/USD

Bitcoin Greenbacks (BCH) has been trading inside a large range of $200-$280 for the past one and half months. The best style to merchandise an asset within a range is to purchase on a bounce off the support and sell if the cost turns down from the resistance.

BCH-USD daily chart. Source: Tradingview

The bulls are struggling to propel the 5th-ranked cryptocurrency on CoinMarketCap above the overhead resistance of $280. If the bears sink and sustain the price below the 10-twenty-four hour period EMA ($248), the possibility of a drop to $220 and below it to $200 increases.

Conversely, a bounce off the 10-day EMA will signal buying on dips and will increase the possibility of a break in a higher place the range. If the toll closes (UTC time) in a higher place the range, it is likely to pick upward momentum and rally towards $350.

BCH-USD 4-hour chart. Source: Tradingview

The 4-60 minutes nautical chart shows that the bears are aggressively defending the resistance of the range at $280. The BCH/USD pair is in the early phase of forming a possible descending triangle pattern that would complete on a breakdown and close (UTC time) beneath $250.

This bearish pattern has a target objective of $224. Therefore, the traders can initiate curt positions on a close (UTC time) beneath $250 and keep a stop loss simply above the downtrend line.

There is potent support at $236. If the bears struggle to interruption below this support, partial profits can be booked and the stops on the residuum of the position tin can be trailed to breakeven. This brusk trade should be attempted only if the overall sentiment turns negative.

Conversely, if the price rebounds off $250 and breaks above the downtrend line, the bulls will over again endeavour to propel the toll above the range. If successful, the uptrend is likely to option upwards momentum.

Therefore, if the sentiment remains bullish, the traders can expect for the price to close (UTC fourth dimension) above $280 before initiating long positions. The first short-term target objective is $310 and above it $330.

XLM/USD

Stellar Lumens (XLM) has once more found a place in our list every bit information technology is an outperformer and is in a potent uptrend. A pullback in an nugget with a potent uptrend offers a low-take a chance entry opportunity to the traders who had missed out buying at lower levels.

XLM-USD daily chart. Source: Tradingview

The 11th-ranked cryptocurrency on CoinMarketCap has not closed below the 10-day EMA since April 16. This is a huge positive as it shows that the bulls are not waiting for a deeper correction earlier buying.

Currently, the bears are attempting to reverse management from $0.076994. If the price breaks below $0.071, a drop to the 10-mean solar day EMA ($0.068) is possible. A bounciness off the x-solar day EMA tin offer a buying opportunity with a shut stop loss. On the upside, the target is $0.08 and in a higher place it $0.088777.

Conversely, if the bears sink the toll beneath the 10-day EMA, a deeper pullback to the 20-twenty-four hour period SMA ($0.059) is possible.

XLM-USD iv-hr chart. Source: Tradingview

The four-hour chart shows that the RSI is forming a surly divergence, which suggests that the XLM/USD pair is losing momentum.

If the bears sink the pair below the uptrend line, a drop to $0.0673 is possible. A strong bounce off this level volition indicate strength only if this level breaks downward, the pullback can extend to the strong support at $0.060.

A potent bounce off $0.060 tin offer a low-take chances buying opportunity with a shut stop loss. Notwithstanding, if this support cracks, it will signal weakness. Hence, traders can avoid initiating long positions on a pause below $0.060 until the pair shows signs of a turnaround and forms a bullish setup once once again.

The views and opinions expressed here are solely those of the author and practise not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, y'all should carry your own research when making a decision.

The market data is provided by the HitBTC exchange.