With indecisive trading patterns reflected on the Bitcoin and Ethereum charts, many altcoins have shown mixed price movements. EOS and Ethereum Classic have primarily represented side trading. EOS could approach immediate support at $ 5.89 should it continue to consolidate in the upcoming trading sessions.
Ethereum Classic struggled to break out of its sideways move and posted a 1.1% rise as it looked for the next resistance at $ 75.04. DASH, on the other hand, moved south by 2.5% and fell below the low price of $ 251.85.
EOS was trading at $ 6.03 and showed rapid consolidation. The technical indicators of the currency emanated a bearish outlook. The altcoin was trading near the immediate support at $ 5.89. Breaking below that level could cause it to trade near its nearly month-long low price level of $ 4.70. The aforementioned level has also acted as a driver of prices, during the last week.
Green bras on MACDHistograms retraced and showed the start of bearish price action. Awesome oscillator reflected red signal bars. Chaikin money flow it fell below the middle of the line after nearly a week as capital inflows declined.
On the other side EOS could try to revisit $ 6.53, a level it last touched four months ago.
Ethereum Classic (ETC)
Ethereum Classic is up 1.1% in the last 24 hours and demonstrated side trades in the last few trading sessions. It was priced at $ 71.33. Overhead resistance was at the multi-month high of $ 75.04 and then $ 77.80.
Awesome oscillator red signal lines flashed implying that the upward price movement was disappearing. On the contrary, the Relative Strength Index it was above the midline, although it threatened to fall below the midline with the next sessions in the red. Bollinger Bands They showed divergences that pointed to the possibility of greater market volatility.
In case the above notion of bearish price action were true, classic Ethereum would move towards $ 67.36 and then close to $ 58.9, which also marks the lowest ETC price in almost a month.
WHIT decreased by 2.5% during the last day and was valued at $ 245.83. It recently broke below $ 251.85 and edged closer to the next support level of $ 234.84. The aforementioned floor price has been the lowest price DASH has traded at in a week.
Falling below the $ 234.84 level will drag the altcoin to $ 182.12; its three-week low price level. All the techs signaled a bearish outlook for DASH. Awesome oscillator showed red signal bars.
Relative Strength Index it fell below the midline after a week. In correspondence, Chaikin money flow it also saw a substantial drop in capital inflows and fell below the median line for the first time since September.
On the other hand, a resurgence in the buying force will push DASH to retry trading near its four-month high of $ 279.31.
This is a machine translation of our English version.
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