Augur, Bitcoin SV, Nano Price Movement Analysis for 17th March, 2021

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Bitcoin SV reclaimed the $191 mark, but decreasing volatility signalling a period of stabilisation at the time of publication. Augur shaped a falling triangle as it fell from the $34.45-resistance, while NANO was in a bear market, making a northbound change impossible for the purchasing hand.

Augur [REP]

Augur’s slow rebound after the wider market’s pullback in late February ground to a halt at the $34.54-resistance. As sellers dominated the market, the OBV established lower highs and jumped in lockstep with it. REP formed a descending triangle on the 4-hour timeline during this process. In the case of a breakdown, support levels were $27.8 and $25.3.

A bullish crossover in the MACD, on the other hand, indicated that investors could be able to hang on to the lower trendline in the short term. A breakout to the upside from the sloping upper trendline could also send the market towards the $32.43-resistance.

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Bitcoin SV [BSV]

Source: BSV/USD, TradingView

A spike above the $191.7-resistance mark was accompanied by a sharp decline, but Bitcoin SV stayed above the level at the time of publishing. The RSI, which reversed after detecting overbought conditions, settled above the 40-point range. Since the Bollinger Bands were converging, lower volatility prevented large market fluctuations, and some consolidation is expected in the future.

A drop below the press time stage will highlight the help at $172.9 – an environment where buyers and sellers have found equilibrium. The bulls’ next goal will be to break through the $227.4 support mark.

 

Nano [NANO]

Source: NANO/USD, TradingView

Nano’s channel between $5.96 and $5.07 represented a stalemate between buyers and sellers, but the charts ultimately broke down. The market’s lack of buying interest was a drawback as bulls tried to recover lost territory. The fact that the 200-SMA (green) moved above the 50-SMA (blue) illustrated more bearish circumstances, a trend that normally indicates seller dominance.

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The Amazing Oscillator represented energy shifting back and forth and not sitting on one side for long stretches of time. The AO has been choppy in recent sessions, in particular. The Stochastic RSI has crossed into the overbought sector, and a reversal will work against a bullish outlook for NANO in the short term.

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