During the recent rally Golem token has broken above multiple resistance levels, including 50-Day and 100-Day EMA. GNT price is trading below its 20-day EMA, but given the strong bear market, many are expecting a correction to new lows. Technical indicator RSI is indicating that token price moves to the oversold territory and is due for a correction. Also GNT...
IOTA price faces stiff resistance from its 20-day EMA. The 20-day EMA has been a strong support to the coin over the last 3 months. However, the price fell below the 20-day EMA in the starting of mid-January and since then has not been able to break above it. The coin price came very close to its 20-day EMA on February 1st but was not able to break out. In the...
LISK(LSK) price has been trending lower over the past couple of days. LSK is down by around 17% since February 12th and is likely to continue its downtrend. LSK price breached its 20-Day moving average support line in yesterday's trade on higher volumes, indicating a bearish trend. MACD has also made a bearish crossover a few days ago.
The TRXBTC bearishness continues as price pushes yet again to new lower lows. The most recent bear flag (orange) could be broke in today’s price action after yesterday’s daily candle signaled indecision, the downtrend “party” might not be over as yet. I expect, TRX price will test the 100-day moving average in the next few weeks. Yesterday, the token was unable...
The Relative Strength Indicator is below 50, indicating a downtrend is in place. The Moving Average Convergence Divergence fell below zero, a sign EOS price has reversed and we have entered a bear market. Finally, the downside could be capped for when the coin finds support from its 100-Day EMA. I don't reccomend open a long position, if you're looking to invest...
Ethereum Classic, the world’s leading blockchain, recently announced a free token airdrop for ETC holders. Three days ago, ETC price was up by more than 35% that resulted in its crucial 20-Day EMA almost breaking above another critical moving average trendline of 50-day EMA. This is generally called the golden cross in technical parlance. This is a strong...
Basic Attention Token (BAT) is in a downtrend for more than month now. The token is now facing resistance from its 20-Day and 50-Day EMA. BAT price had been unable to break out above the resistance line yesterday and had continued to slide downwards. The token is again likely to face strong resistance from the 50-Day EMA. The declining volumes over the week...
Steemit has lost more than 30% since the end of January. Steem price has breached the 20-Day and 50-Day EMA support line after several attempts indicating that the support is weak. And as can be seen in the chart, the coin is forming a descending triangle which is a bearish continuation pattern. Even, moving average convergence divergence has turned bearish....
ADA coin has been on a downtrend in the last couple of weeks, after the coin had breached the 20-day and 50-day moving average support lines. ADA coin is down more than 40% from the beginning of the year high it had created on January 5th, though it is still up a whopping 850%. The recent correction has brought the coin into the oversold territory. ADA's RSI has...
NXT coin price is testing the 20-Day EMA resistance line, marginally crossing the moving average line at 2.4k. NXT price is currently at 2.3k. MACD is sending a bullish signal, indicating that coin price will cross the 20-Day EMA resistance. In a bullish crossover, the MACD line has crossed the signal line.
POWR token price has recently broken below the 100-Day EMA line. Continuing the falling trend, the stock price will testing the strong support level at 6.5k. MACD is also below the zero centerline, indicating a bearish trend. The RSI indicator indicates that the token is near oversold territory on price charts. Currently the RSI is at 28 indicating the oversold...
Technically CIVIC(CVC) is completing a double bottom. But this isn’t a true picture of its current state. It needs to reach 3.8k and move through that to complete the formation at which time the next headwinds appear at 4k. There's no a crossover forming in the momentum indicators which is positive for example the RSI is below 50 indicating a bearish trend, the...
If point of control holds true support level, a move back to 10k can be expected and an attempt to fill the gap created by the sell off. Resistance is strong at 12k. The back fill would capitulate at just above that level so an attempt can be expected to happen soon. Also, NBT price has hit the lower of the Bollinger bands, indicating that the price is likely to...
Stellar coin price is currently in a bearish trend. The coin price has declined from 5.8k at the start of the year to 4.2k now. The coin has also had a downside gap indicating likely continuation of bearish trend. If at these days the MACD will below the zero centerline confirming the continuation of negative trend. Technically the bright spot will the free fall...
Bitcoin Gold price is facing combined resistance from 20-Day EMA, 50-Day EMA and 100-Day EMA. As can be seen from the chart,100 day moving average had acted as resistance line in last three months. The MACD is also sending bearish signal. The MACD line is in the negative zone, below the centerline. However, if the Bitcoin Gold price crosses the 100-Day EMA line...
OmiseGo token price is moving above the 20-Day EMA line. OMG is in uptrend since beginning of mid-December, and has crossed above the 100-Day EMA. The token had formed an inverted head and shoulders, leading to the bullish trend. The RSI is still not in the overbought zone and above 50, indicating that the token has still momentum left in it to touch the...
Hello Traders! I have found a suitable comparison. Generally speaking, history repeats itself and the price always comes back. To be honest, we all love something new, for example, we need to change cars once a year or fly to different countries, in the case of DGB and XVG, I can safely assume that we are dealing with one major player in the market who likes to...
Bitcoin price is seen approaching the 10-Day EMA line, which has been providing support since Feburary. However this time other indicators are sending bearish signal. RSI indicator indicates that the stock is overbought. The RSI indicator is currently at 73.25 level, above the overbought threshold of 70. MACD also indicates that prices are likely to drop. In a...