Decred demonstrated a bearish divergence. EOS was approaching the $5.85 mark, after which it would be pushed to drop to $5.35. Litecoin was trading in a triangle pattern, aiming for a breakout that would most likely send LTC to $250. This upward movement was not yet in play.
The MACD has pushed lower even though prices have developed higher highs in recent days, suggesting a bearish divergence that could drive DCR down to the $178 level of support.
The Volume Profile Visible Range displays market operation by volume at various price levels for the time frame shown on the table. Strong levels of trade activity show that the region is significant, with the most important, the Point of Control (PoC), priced at $165.8.
At the time of publication, EOS had surpassed the highlighted region of availability at $4.3 and was trading at $6.02. However, in recent days, EOS has jumped between $5.35 and $6.4, creating what may be a short-term range. The $5.85 midpoint seems to provide some resistance and support, but this was not yet a substantial range.
The Directional Movement Index (yellow) showed a dropping ADX, indicating that the previous uptrend was losing momentum. Aroon Down (blue) exceeded Aroon Up (yellow) on the Aroon predictor (orange).
Taken together, a decline below $5.85 could see EOS rebound to $5.35 in the coming days.
Litecoin developed a symmetrical triangle pattern and was gaining momentum above the $194 support mark. The 20-period EMA (white) was heading above the 50-period EMA (yellow), providing some price help.
A breakout or a collapse would be indicated by a trading session closing beyond the trend on high trading volume, signalling that the market has made a decision.
Bears may have the upper hand at the time of writing because the RSI plunged below neutral 50 and retested it as resistance.
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