With Bitcoin's (BTC) halving less than 23 days away, traders would like to go into the issue with strong bullish sentiment but this is yet to be determined. If Bitcoin is able to breakout and sustain higher up its overhead resistance, it is probable to pull the crypto markets higher. The first sign of forcefulness would exist if the total market capitalization tin sustain above the $211 billion marking.

Crypto market data daily view. Source: Coin360

Crypto market data daily view. Source: Coin360

Although Bitcoin is the leader, at that place are a few altcoins that are showing hope and could outperform the largest cryptocurrency adjacent week. Hither are the height 5 cryptocurrencies that could offering short-term trading opportunities in the next few days.

ETH/USD

Afterward repeatedly facing resistance at $176.103 (shown via ellipses on the chart), Ether (ETH) broke out of the overhead resistance on April eighteen with forcefulness. This is a positive sign every bit it shows that the bulls are smashing to purchase at every college level.

ETH-USD daily chart. Source: Tradingview​​​​​​​

ETH-USD daily chart. Source: Tradingview

Both the 10-day EMA ($169) and the 20-mean solar day SMA ($158) are sloping up and the RSI has been trading in positive territory for the past few days. This suggests that the bulls have the upper hand.

The previous resistance of $176.103 is at present likely to act as a strong back up. If this level holds, the ETH/USD pair is likely to scale above $189.402, which is just above the 61.viii% Fibonacci retracement level of the fall from $251.781-$87.131.

ETH-USD 4-hour chart. Source: Tradingview​​​​​​​

ETH-USD 4-hr nautical chart. Source: Tradingview

Currently, the ETH/USD pair is attempting to bounce off the 20-SMA. If successful, the bulls volition again attempt to push the price above $189.402. Traders can buy on a four-hourly shut (UTC time) above $189.402 and keep the stop loss beneath the 20-SMA.

On the upside, the first target objective is a rally to $208.665. Equally the toll nears the target objective, traders can either book fractional profits or trail the cease loss below the x-EMA. The bullish view will be invalidated if the bears sink the price below the critical back up zone of $176-$168.

XTZ/USD

Tezos (XTZ) rallied on April 18 and scaled to a higher place the modest resistance at $2.1819. This is a positive sign equally it shows demand at higher levels. The bears are attempting to stall the pullback close to $2.4072688, which is the 61.8% Fibonacci retracement level of the virtually recent fall.

XTZ-USD daily chart. Source: Tradingview​​​​​​​

XTZ-USD daily chart. Source: Tradingview

Nonetheless, the positive affair is that the bulls take not given upward much ground. The previous resistance of $2.1819 is now likely to deed as a strong support. Both the moving averages are sloping up and the RSI has been trading in the positive territory for the past few days, which shows that the bulls are in command.

The XTZ/USD pair has repeatedly taken support on the 20-mean solar day SMA ($1.92) in the past few days (marked via ellipse on the chart), which shows that the bulls are keen to purchase on dips. The short-term uptrend is likely to option up momentum above $2.40726880.

XTZ-USD 4-hour chart. Source: Tradingview​​​​​​​

XTZ-USD four-hour nautical chart. Source: Tradingview

Currently, the bulls are attempting to provide support at the xx-SMA. If the altcoin bounces off this support and scales above $2.40726880, a rally to $2.55 and above it to $ii.70 will exist on the cards.

Therefore, traders tin can purchase at $two.41 and trail the stop loss below the twenty-SMA. As the cost nears the first target, partial profits can be booked and the stops on the rest of the position can be trailed just below the 10-EMA.

If the bears sink the price below the immediate support at $2.1819, information technology will indicate profit booking and shorting at higher levels.

LINK/USD

Chainlink (LINK) scaled above the 61.8% Fibonacci retracement level of $iii.5948 on April 18, which is a bullish sign. Usually, when the relief rally climbs above the 61.8% retracement, it is an indication that the downtrend is over.

LINK-USD daily chart. Source: Tradingview​​​​​​​

LINK-USD daily chart. Source: Tradingview

However, the bears are unlikely to give up without a fight. They are currently attempting to sink the LINK/USD pair back beneath $3.5948. If successful, the pair might dip to the 10-day EMA ($three.36), which is probable to human activity every bit a support.

Since March 31, the bears have not been able to sustain the toll below the 10-24-hour interval EMA, which is a positive sign. This shows that the bulls are groovy to purchase on dips to this level. With both moving averages sloping up and the RSI trading in the positive territory, the reward is with the bulls.

LINK-USD 4-hour chart. Source: Tradingview​​​​​​​

LINK-USD 4-60 minutes chart. Source: Tradingview

The altcoin has dipped below the breakout level of $3.6412, which shows selling at higher levels. Withal, the bulls are attempting to defend the critical support at $three.48, which had previously acted as a stiff resistance (marked equally ellipse on the chart).

If the pair bounces off this level and breaks to a higher place $three.83, a rally to $four.20 and in a higher place it to $4.40 is possible.

Traders can initiate long positions above $3.83 with stops placed beneath the 20-SMA. Partial profits can be booked near the first resistance and the stops on the rest can exist trailed to simply beneath the 10-EMA. Traders tin can either book complete profits at $4.twoscore or tighten the stops farther.

The bullish view volition be invalidated if the pair breaks below the $three.48-$3.thirty support zone. Below this level, a drop to $3 is possible.

BNB/USD

Binance Coin (BNB) broke above the 61.8% Fibonacci retracement merely the bears are offering stiff resistance at $16.60, which is the intraday high made on March 12.

BNB-USD daily chart. Source: Tradingview​​​​​​​

BNB-USD daily chart. Source: Tradingview

Withal, if the BNB/USD pair rebounds off $15.8866 and sustains above $sixteen.60, it is likely to pick up momentum. With both moving averages sloping up and the RSI in the positive territory, the advantage is with the bulls.

Conversely, if the bears sink the pair below $fifteen.8866, a drop to the 10-day EMA ($15.36) and below it to the 20-twenty-four hours SMA ($14.51) is possible. So far the bulls have not allowed the cost to slip below the 20-day SMA since March 31. Hence, information technology is expected that this level will act equally a potent support.

BNB-USD 4-hour chart. Source: Tradingview​​​​​​​

BNB-USD 4-hr chart. Source: Tradingview

If the pair rebounds off $15.8866, the bulls will endeavour to resume the up move and propel the price above $16.8183. Above this level, the momentum is likely to pick up and a rally to $eighteen.50 will be on the cards.

Traders can purchase above $16.85 and keep a end loss of $15.85. After the price scales higher up $17.50, the stops can be trailed but below the ten-EMA. If the momentum carries the price above $xviii.fifty, a rally to $20 is as well possible.

Notwithstanding, if the price dips and sustains below $15.8866, a drop to the trendline is possible. This has previously acted as strong support, hence, a bounce off the trendline can also offer a buying opportunity with the stops kept only below the trendline. A break beneath the trendline will be a bearish sign and tin result in a deeper fall.

Dash/USD

Dash (Dash) broke above the overhead resistance of $77.7166, which completed the ascending triangle pattern. However, the bears are aggressively defending $84.2556, which is the intraday loftier fabricated on April 9.

DASH-USD daily chart. Source: Tradingview​​​​​​​

Dash-USD daily chart. Source: Tradingview

If the bears sink and sustain the Dash/USD pair below $77.7166, a drop to the trendline of the ascending triangle is possible. A pause below this level will invalidate the bullish setup.

Conversely, if the pair turns around from the current levels and scales to a higher place $84.2556, it is likely to choice up momentum. The moving averages are gradually sloping up and the RSI is in the positive territory, which suggests that bulls have a slight edge.

DASH-USD 4-hour chart. Source: Tradingview​​​​​​​

DASH-USD 4-hour chart. Source: Tradingview

If the pair bounces off the support at $77.7166, the bulls will attempt to propel the price above $84.2556. Traders can buy fifty% of the desired position at $82 and the rest at $85. The stops can be kept below the 20-SMA. After the price sustains to a higher place $85, a rally to $94 followed by a motion to $100 is possible.

On the other hand, if the cost dips below $77.7166, a drop to the trendline of the ascending triangle is possible. If the pair bounces off this level, this can also offer a low-take a chance buying opportunity with the stops placed simply below the trendline. The bullish view volition exist invalidated if the altcoin dips below the trendline.

The views and opinions expressed here are solely those of the author and practice not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, yous should conduct your ain research when making a decision.

The market data is provided past the HitBTC exchange.