EOS found good support near $2.44, but this amount was undermined by several retests and could break in the coming days. Waves reported a short-term downtrend, faced $6.6 in opposition, and $6 in support. In the last few days, DASH has defended the $94 zone as sales pressure continued.
EOS has rebounded from the $2.44 support range twice in the last two weeks. However, there was a lack of impetus and volume for these moves to amount to recovery. The price did not rise above the $2.72-level, convincingly, in the most recent attempt.
The MACD was under zero all the time and at no point after the $3.8 decline saw the market bears gaining hold of the four-hour timeframes of the map.
The $2.44-level support was likely to be checked, and a tight trading session below it on an above-average volume would point to a decline to $2.12 for EOS.
The short-term trend was downside, and the RSI also fell below 50 to underscore the bearish pressure on the market. The region about $6 could provide some assistance to WAVES if it dips further.
The Stochastic RSI had returned from oversold territory. For the last few days, the $6-region has acted as a hedge, allowing a switch to $6.6 and a potential refusal to return to $6 over the next week seemed possible.
Closing a trading session above the declining trend would suggest a possible step out of the short-term downtrend which may see the convergence of WAVES.
Using the DASH Fixed Range Volume Profile after late November, the Control Point was illuminated to be $104. DASH sold for $99, a symbol of bearish power. The $97 and $90 ranges should be expected to avoid selling pressure for at least a bit.
DASH hinted at the buoyant momentum after bouncing off the $93-level last week, followed by reclaiming the $104-level as support. The Amazing Oscillator almost crossed above zero to send a hint of bullish pressure, but was forced to reverse.
The only promising development of the market bulls was their defense of the $94-area. Here, the arrest of more dips would be crucial if the bulls are to make a comeback.
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