Correction

Uniswap (UNI) has dropped massively to as low as $15 on May 19. Nevertheless, the bulls bought the dips as price corrected upward. The upward correction was stalled at the $28 high.

Following an impressive bullish run to the high $48, Polkadot (DOT) plunged to $16 low. The bulls bought the dips as the price corrected upward.

Binance Coin pauses after falling to the low above $280. BNB price made a marginal upward move above the current support. Yesterday’s candlestick possesses a long tail indicating that the bulls have bought the dips.

On May 18, Litecoin (LTC) recovered after a recent fall to the low of $262. The LTC/USD pair rebounded above $270 to reach the previous highs. The bulls have broken the minor resistances at $290 and $310 to reach recent highs.

Today, May 17, buyers have pushed Bitcoin (BTC) to the high of $46,000 but are finding penetration difficult at the recent high. Bitcoin is retracing from the recent high.

Since the last bearish impulse on May 12, the downward move has been stalled above the $1.25 support level. The current support has been tested by the bears on more than three occasions but was repelled.

Today, May 10, BTC price is retracing after facing rejection from the high of $59,600. For the past three days, buyers have continued to retest the $60,000 overhead resistance to break it.

UNI/USD has fallen from its peak price of $44.86 to a low of $39. The altcoin fell and retested the $39 support twice before resuming upward. The candlestick long tail indicates that there is strong buying pressure above the $38 support.

Today, Bitcoin dropped sharply to the $54,000 support after rejection from the $56,000 high. For the past three days, BTC price has been facing stiff resistance at the $56,000 high.