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EOS blinked a bearish market, but a dip in support of $3.12 might provide some trading opportunities for traders. BTT is going to break free from its current channel. Finally, stronger signals were required for the Uniswap indicators, which displayed a degree of uncertainty, and it was unclear whether bulls could keep prices above $31.87 short-term support.
BitTorrent Token [BTT]
Volatility, according to the Bollinger Bands, was on the rise in the BitTorrent Token market, and so were the trading volumes. The MACD’s histogram showed a dip in the bearish momentum while the fast-moving line won some ground on the signal line. Although these were encouraging signs, more signals were required to step away from BTT’s current platform, an environment that has seen heavy price fluctuations over the last five days.
If an upward breakout occurs earlier than anticipated, the bulls are likely to take the price to $0.0019 of resistance. Conversely, a fall below the current support could see BTT threaten the next $0.0010 barrier.
EOS slipped below the 20-SMA (blue), 50-SMA (yellow), and even the longer-term 200-SMA (green) press time as bearishness continued in its business. Losses in the last 30 days have now amounted to nearly 17 percent, as EOS has not been able to rebound since the wider sector pull back in late February.
The OBV revealed that it was not enough to buy pressure to pump a bullish bounce back on the charts. The Awesome Oscillator showed that the momentum rested on the sales side. Moving below the press time support could see the price slip to the next level of protection at $3.12. In the plus hand, a lower level might deliver a reduced price to long-term traders.
While Uniswap traded in the Green Region at the time of publishing, the indicators provided mixed signals on its short-term trajectory. On one hand, UNI recaptured the $31.87 level at the back of the bullish feeling. The MACD line crossed the Signal line and illustrated the sensation. On the other hand, the ADX fell below 20 and indicated that the uptrend was losing steam even though the charts had not yet mirrored the same.
The 24-hour trade volumes were also marginal. The next few sessions saw both sides fight for supremacy and claim their business superiority. If the bulls maintain the current pace, the increase to the ATH was not a far-off prospect.