BAT, Bitcoin SV, Maker Price Movement Analysis for 27th February 2021

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Basic Attention Token flipped the $0.5-level of resistance to support. Bitcoin SV formed a bullish pattern on the charts and seemed likely to see a bullish breakout. Finally, Maker hinted at a move northbound to $2,400.

Basic Attention Token [BAT]

After plunging to $0.42 recently, BAT recovered well on charts. The said recovery saw buyers step in with conviction, particularly in the last 24 hours, as trading volume grew after BAT overturned the $0.5-level resistance to support.

This is a buzzing development for BAT, and the RSI was at 66 and climbing to reveal a buzzing momentum at press time. The Bollinger Bands Width Indicator was a little flat when, a few days ago, BAT’s bulls tried and failed to conquer the $0.5 mark. On its most recent attempt, the BB width indicator also rose sharply to signal a clear momentum change.

Bitcoin SV [BSV]

Bitcoin SV, BAT, Maker Price Analysis: 27 February

Source: BSV/USDT on TradingView

Bitcoin SV was estimated to have fallen by 25 percent from $249 to $185 at the time of writing. Over the past few days, BSV has double-tested the $185-level help, while also forming a higher low in the process – an ascending triangle pattern.

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This is a trend that usually looks like a bullish breakout. Before such a break-up, trading volume is expected to be small, with low trading volumes reported in the last few hours.

Moving above the $185-level and flipping it to help would be a sign of more upside down for BSV. The OBV, which has been on a steady downtrend, will need to see an uptrend to break the cycle and prove that the buyers have moved in.

Maker [MKR]

Bitcoin SV, BAT, Maker Price Analysis: 27 February

Source: MKR/USDT on TradingView

Maker was on a downtrend, but it could be broken in the next few hours. The price developed a symmetrical triangle pattern – a continuation pattern, and trading volume also declined to indicate that market participants were waiting for MKR’s next move.

Although a breakout to either direction seemed likely, the Amazing Oscillator set up a bullish twin top, a buy signal on the hourly chart. A move over the 38.2 percent retracement level at $2,061 on large trading volume would confirm a move to $2,400 for MKR.

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