Crypto.com Coin, Dash, EOS Price Movement Analysis for 4th March, 2021

Spread the love

The altcoin market appeared to be moving more in parallel with bitcoin. As a result of BTC’s failure to break out over $52,000, several altcoins have been rejected from high levels of resistance. EOS has been unable to hike beyond $4 in the past few days, while Crypto.com Coin has retraced some of its losses after a solid bullish run over the past month. In the end, Dash noted a bounce, but was likely to be pulled down again.

EOS

For EOS, while the 4-hour RSI graph climbed above 50, there was still an obstinate amount of resistance to face at the $4-mark. The rebound from $3.3 was rapid, but this was just a partial recovery, and further progress needs to be made before bulls can be deemed to be in the driving seat.

EOS has been testing the $4-level for the last 24 hours and has been moved down to $3.76. A close-up of $4 backed by a strong selling volume can be seen as a cue to purchase EOS about the $4-mark, with a stop-loss of only $3.9. The $4.4-zone was a supply area which can be used to close the long place for EOS.

 

Crypto.com Coin [CRO]

EOS, Crypto.com Coin, Dash Price Analysis: 04 March

Source: CRO/USDT on TradingView

Over the last few weeks, CRO has been on a phenomenal streak. The breakout past $0.08 heralded an uptrend for CRO, and hit a high of $0.27 before it was forced to retrace some of its losses.

RECOMMENDED READ:  BitMEX gives $100,000 grant to another Bitcoin core developer

The Fibonacci retracement tool has shown that CRO has bounced after checking the 50 percent retracement mark – a sign of bullish power. Over the past few days, CRO has climbed back over the $0.146 support mark.

The area from $0.13 to $0.15 can be used to accumulate CRO over the next few days. The defending of the 50% mark was a bullish creation. Climbing back above the $0.173-level will probably pave the way for another leg upwards.

The 20-and 50-period EMAs (white and yellow) reported a decrease in momentum over the last few days, while the Parabolic SAR displayed a purchase signal and a stricter stop-loss stage.

 

Dash [DASH]

EOS, Crypto.com Coin, Dash Price Analysis: 04 March

Source: DASH/USDT on TradingView

For DASH, the pattern has been downward since mid-February, with the crypto tracking solid gains from previous weeks. Over the past few days, the Bollinger bandwidth metric has fallen to indicate lower uncertainty behind DASH’s price movements.

An region of supply for DASH from $235 to $245 can be found above the declining trend line (orange). Even if the MACD developed a bullish crossover and grew above zero, the lack of DASH trading liquidity at a bounce of $180 meant that a further downside was possible.

RECOMMENDED READ:  How Uniswap's significance will be felt in the coming months

 

 264 Interactions,  4 today

READ ALSO:
Dash, SUSHI, XRP Price Movement Analysis for 13th April, 2021

Following weeks of slow, sideways action, Bitcoin, the world's biggest cryptocurrency, eventually broke through its previous ATH to hit a Read more

Aave, Dash, Polkadot Price Movement Analysis for 12th April, 2021

Aave had made some sluggish progress after the $345 safety, while Dash was in a solid uptrend and attempted to Read more

Dash, EOS, Uniswap Price Movement Analysis for 11th April, 2021

Despite the fact that Dash is moving in an ascending channel, it could see returns up to the upper limit Read more

Litecoin, Elrond, Dash Price Movement Analysis for 10th April, 2021

Litecoin required stronger cues to break through the $244.2 resistance level, but its long-term forecast remained bullish. Elrond may break Read more

Aave, Dash, Litecoin Price Movement Analysis for 8th April, 2021

Following the bearish sentiment of the previous two days, Aave was compelled to return to a region of demand. Dash Read more

Dash, Decred,XRP Price Movement Analysis for 3rd April, 2021

Ethereum's bullish turn and recent foray over $2,000 did not see the same cascade impact as Bitcoin's market activity typically Read more

Aave, Dash, Polkadot Price Movement Analysis for 2nd April, 2021

Aave's goal was to shift the $390-region from supply to demand. Dash and Polkadot approached stiff resistance with bullish momentum, Read more

Chainlink, Dash, OKB, THETA Price Movement Analysis for 31st March, 2021

Chainlink is forecast to slip to $24.6 as a result of bearish on-chain metrics. Dash reported a lack of purchasing Read more

Dash, Tezos, XRP Price Movement Analysis for 29th March, 2021

At the time of publication, Dash was trading at $214.5-resistance. Tezos pointed at a potential upward breakout from $4.5. XRP Read more

Dash, Dogecoin, Polkadot Price Movement Analysis for 24th March, 2021

The collapse of Bitcoin from over $57,000 to under $54,000 on March 22nd has a similar impact on the altcoin Read more

Chainlink,  Dash, Uniswap Price Movement Analysis for 23rd March, 2021

Chainlink fell from support at $28.5, owing to bearish on-chain metrics. At $218.2, Dash missed out on a critical line Read more

Leave a Reply

Contact Us