Bitcoin SV, Enjin Coin, Elrond Price Movement Analysis for 5th April, 2021

Spread the love

Bitcoin SV was tipped to hold on to $255.2-support despite flashing bearish signals at press time. Enjin Coin could move towards another region of support at $2.028, while Elrond projected a rise towards $190 if the bulls maintained $152.87-support.

Bitcoin SV [BSV]

Bitcoin SV’s movement over the last few days has been inconsistent on the 4-hour timeframe. While an upward breakout from a horizontal channel drove BSV over $260, a reversal quickly followed, and the market retested the pattern’s upper trendline before rising again. Some resistance was seen at the $242.1 mark, and the price is still below this upper limit as of this writing.

The RSI suggested that BSV was overvalued when it reached $260, and the price has since settled on the charts. The MACD also showed a bearish market, but it remained above the half-way level, indicating that the bulls are likely to hang on to $255.2-support.

 

Enjin Coin [ENJ]

Source: ENJ/USD, TradingView

Enjin Coin has been traded in a channel between $2.68 and $2.33 for the past eight days, as the market has been quiet after retracing from record highs. Following a touch of divergence on the RSI, the price tried the bottom end of the channel and flipped it to a line of resistance.

RECOMMENDED READ:  The Definitive Altcoins  Guide 

As the price broke down on the 4-hour timeframe, the Awesome Oscillator fell below the half-line and also registered a red bar. The next level of support was at $2.028, and failure to reach this level would almost certainly result in a prolonged sell-off towards $1.5, but the bulls were supposed to hang on to the above price point. A split over $3, on the other hand, will tip the scales in favour of the bulls.

.

Elrond [EGLD]

Source: EGLD/USD, TradingView

The Elrond market was well on its way to recovery as the price reclaimed main values on its climb into new highs, which was cut short in early February. About the fact that the bulls lost out to the $172.02 area and turned it into a line of resistance, a favourable comeback is anticipated in the coming days. However, this may be influenced by the recently flipped help line at $152.86. Maintaining this pace would make for a long-term increase into the $190 level.

The Awesome Oscillator was on the verge of forming a bearish twin top, whilst the Stochastic RSI has yet to reverse from the lower zone, implying that the bulls needed to clear some bearish pressure before attempting to push EGLD above its upper barrier.

 274 Interactions,  2 today

READ ALSO:
Augur, Chainlink, Enjin Coin Price Movement Analysis for 14th April, 2021

Augur predicted rangebound action, Chainlink to stabilise at $36.6 or $35.2 before resuming its northbound course, and Enjin Coin to Read more

Bitcoin Cash, EOS, Enjin Coin Price Movement Analysis for 12th April, 2021

To escape a collapse from its 20-SMA, Bitcoin Cash required to protect $668.5 help. EOS remained above the $6.45 support Read more

Filecoin, IOTA, Enjin coin Price Movement Analysis for 11th April, 2021

The altcoin industry has been adjusting to the Bitcoin market's boom, and the valuation of most cryptocurrencies has risen in Read more

Cardano,  Enjin Coin, IOTA Price Movement Analysis for 10th April, 2021

Cardano passed within an ascending triangle and forecasted a bullish split over $1.50. Following the formation of its current local Read more

Algorand, Enjin Coin, Hedera Hashgraph, Monero Price Movement Analysis for 7th April, 2021

Algorand waited for more signals to leave its radius. Hedera is a kind of cactus. If the price slips below 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

Chainlink, Enjin Coin, FTX Token Price Movement Analysis for 29th March, 2021

If the price of Chainlink grew above its press-time resistance, it could reach $28.6. At the $2.66 price point, Enjin Read more

Binance Coin, Enjin Coin, SUSHI Price Movement Analysis for 25th March, 2021

In the last few days, there has been a spike in bearishness in the cryptocurrency sector. As predicted, this followed Read more

Aave, Bitcoin Cash,  Enjin Coin, Status Price Movement Analysis for 23rd March, 2021

Aave observed a collapse from a descending triangle but awaited proof. Bitcoin Cash was trading below the $550.2 and $507.5 Read more

Ethereum, Enjin Coin Price Movement Analysis for 20th March, 2021

Profits on Ethereum were limited at $1,853 resistance, and a jump beyond its current channel seemed impossible in the short Read more

Enjin Coin,  EOS, Polkadot Price Movement Analysis for 15th March, 2021

The ENJ showed signs of a slight drawback from the record stage. EOS was once again refused at 38.2% Fibonacci Read more

Leave a Reply

Contact Us