Bitcoin Cash, Enjin, IOTA Price Movement Analysis for 3rd March, 2021

Spread the love

Even though market leaders Bitcoin and Ethereum were already lined up at press time, some altcoins made their way into a relatively quiet market and reported gains on their respective indexes. Such was the case for Bitcoin Cash and Enjin Currency, with the latter hovering near its all-time record.

On the opposite, IOTA was much more reserved in its movement, with the old looking for more signs from the wider market.

Bitcoin Cash [BCH]

The emergence of three consecutive green candlesticks on Bitcoin Cash’s daily chart underscored clear bullish sentiments after the crypto price bounced back from the $460.75 support. A leap of more than 6 percent over the last 24 hours also saw BCH reclaim its spot as the 10th biggest cryptocurrency with a market cap of $9.9 billion. Gains have come on the heels of good trade rates, at $4.6 billion at the time of publishing.

The Stochastic RSI preferred a positive outlook after a bullish crossover in the over-sold region. The Awesome Oscillator displayed a degree of balance but recorded a single green bar as the momentum moved onto the purchase hand. The overhead resistance of $579.7 was the next challenge for the bulls.

RECOMMENDED READ:  Chainlink,  Maker, STEEM Price Movement Analysis for 2nd February 2021

Enjin [ENJ]

Source: ENJ/USD, TradingView

Building on a wider market pattern, Enjin Coin has risen by more than 15 per cent in the last 24 hours and traded at record levels at the time of publishing. Its worth soared by 85 percent over the past week as the crypto-asset bounced back strongly from the $0.475 support. Although the 24-hour trading rates were short of the $1 billion mark, a 150-percent leap showed that interest in the commodity was quickly growing on the market.

The Parabolic SAR dotted markers pushed below the candlesticks while the uptrend remained intact despite a small pullback. The RSI skirted the over-purchased zone and further gains could be made for ENJ prior to a potential correction.



Source: IOTA/USD, TradingView

IOTA’s market bulls kept the price over $1.12, but earnings were still capped at $1.25. Short candlesticks on IOTA’s hourly charts pointed out that buyers and sellers were generally in confirmation of the price. The ADX Measure demonstrated the absence of a clear industry trend.

The MACD backed the purchasers of the business when the stock was going for its immediate degree of resistance. However, much of the larger industry appeared to be expecting stronger market players, and this was also the case for IOTA.

 220 Interactions,  4 today

Chainlink, Enjin , IOTA Price Movement Analysis for 8th April, 2021

The cryptocurrency market saw the altcoins surge despite the correction witnessed in the short term. Bitcoin market has also seen Read more

Cardano, Enjin, SUSHI Price Movement Analysis for 3rd April, 2021

It's impossible to translate into terms how the cryptocurrency market has done in the last several days. In the one Read more

Enjin receives $18.9 million in support for the Polkadot-based NFT blockchain.

Enjin is expected to unleash the first-ever nonfungible token (NFT) blockchain based on Polkadot in the middle of the exponentially Read more

Algorand, BitTorrent, Bitcoin SV, Enjin Coin Price Movement Analysis for 31st March, 2021

Algorand was forecast to decline to $1.17. To stop a further breakdown on the charts, Bitcoin SV bulls must defend Read more

Bitcoin Cash, Enjin Coin, IOTA Price Movement Analysis for 14th March, 2021

Bitcoin Cash broke out of the ascending triangle trend and had a $680 technical target. Enjin Coin could see a Read more

Enjin, Tezos, Waves Price Movement Analysis for 9th March, 2021

ENJ may need to shake off a slight pullback before maintaining its powerful northbound course.Tezos seemed to be heading inside Read more

Binance Coin, Neo, Enjin Price Movement Analysis for 5th March, 2021

Binance Coin was going for $205 after Bitcoin fell to $49k on the market charts. Neo also moved below a Read more

Enjin Coin, EOS, Litecoin Price Movement Analysis: 01st March 2021

Litecoin seemed positioned for additional losses after the long-term moving average closed in on the short-term line. EOS moved within Read more

Enjin, STEEM Price Movement Analysis for 27th February 2021

If the price breaks above the ascending triangle pattern, Enjin will offer an upside of more than 30%. STEEM may Read more

Chainlink, Cosmos, Enjin Price Movement Analysis for 24th February 2021

In the short term, Chainlink was expected to climb above its overhead resistance, with its indicators blinking green signals. Down Read more

Leave a Reply

Contact Us