902 Interactions, 2 today
Augur was refused at the $33.3 resistance range in early March. Since then, REP has withdrawn to find investors on the $28.4-level, thus embarking on a rebound that brought the price past $33.3 and turning it to help.
Any dips to the $32.5-$33 range will be an incentive to purchase in the short term. Climbing past the $30-mark is a price milestone, and has been knocking on the doors of this stage since mid-February. Previously, the last price was here in September 2020. The RSI was well above 50 and underscored the bullish momentum, while the Chaikin Money Flow demonstrated the nett capital inflows to the market.
Decred was trading on the growing channel until late February, when selling pressure across the market caused it to drop to visit $111. It ranged from $125 to $150 (orange) and climbed past the price highs to test the supply area at $164 to $170.
At the time of writing, the DMI showed a clear upward trend, and rising above the supply area and transitioning to one of demand is likely to see the DCR rise up to $190.
Using the Fibonacci retracement tool for TRX’s descent from $0.064 to $0.038, certain stages of retracement have been illustrated as market recovery resistance.
The 50 percent retracement level at $0.0495 was moved from resistance to help to bullish growth. The 61.8 per cent retracement level at $0.052 showed some pressure as the trend seemed to change in favour of bears in the short term.
For the next two days, the $0.048 and $0.053 values will be of interest to TRX. The price of the crypto has rebounded between these two stages over the past week. In addition, the MACD showed a bearish convergence on the 4-hour charts, followed by a low trading rate.