The 13-period EMA was above DASH on the charts on the 4-hour map, highlighting good price momentum southbound. Once more, the levels of retracement illustrated areas of significance.
This will be the second $200-level test within a week for DASH if the price were to drop further. The bulls of DASH will try to influence a bounce above $230 to not jeopardise the $200-level psychological level. To display rising bearish pressure once again, the Awesome Oscillator registered red bars under zero, while the Stochastic RSI also fell.
A bounce off the level of $200-$210 is likely, but it could turn out to be just a bounce. To hold the bears in line, the market’s bulls will need to push the price above $240.
Over the past couple of days, TRX established a range on the hourly map. The highs were $0.049 and the lows were $0.046, respectively. As this timeframe is very small, it is possible to ignore the value of the range.
Over the next few hours, however, TRX seemed likely to re-test the previous range lows as resistance and advance once again towards $0.043. To illustrate the bearish momentum, the RSI plunged below 50. Finally, as the price dropped, the trading volume also picked up, affirming the change as one guided by investor sentiment.
Some levels were highlighted as possible help for WAVES using the Fibonacci retracement levels. The price of the crypto dropped with heavy momentum below the $10.45 mark over the last few hours, with the crypto trading at $9.75 at the time of writing.
The $9.72-mark reflects the retracement level of 38.2 percent, and it remains to be seen if WAVES will regain it as a support level. The MACD displayed good bearish momentum. As the price dropped, the trading volume saw an increase, reflecting investor conviction. It was possible that more losses would follow, but there was an area of demand at $9.3 that the bulls of the market could look to protect.
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