KogoCrypto Market Analysis of Ethereum, Tezos, Dash, December 29th 2020

Spread the love

After hitting a local high of $747, Ethereum saw a pullback. Tezos broke out of a triangle pattern, but was forced to reconsider the level of funding, while Dash experienced a rise in short-term sales pressure. It did, however, form a bullish trend on the charts, and the bulls’ conviction could see its price increase.

Ethereum [ETH]

Ethereum, Tezos, Dash Price Analysis: 29 December

Source: ETH/USD on TradingView

Using the Fibonacci Retracement Tool to shift Ethereum from $551 to $747, some significant levels of support for an ETH pullback are highlighted.

38.2 percent and 50 percent are typically checked for pullbacks. Over the last few hours, the average trading volume for ETH has fallen 6.5 per cent from its local peak.

The MACD was on the verge of forming a bearish crossover to signal short-term sales pressure. The 23.6 percent amount has already been checked, and the trading session below will see ETH head to $665, and probably even as low as $641.

Tezos [XTZ]

Ethereum, Tezos, Dash Price Analysis: 29 December

Source: XTZ/USD on TradingView

XTZ developed a symmetrical triangle pattern and pushed under the pattern to search for stop-loss orders until the price reversed and broke upside down in a bid to challenge the $2.24 resistance, where it faced heavy selling pressure.

RECOMMENDED READ:  Why BTC, KLAY, VET, SOL, and KSM are the top five cryptos to monitor this week.

These sales orders have pushed the price down to $2 in help over the last few hours.

The RSI rose above the neutral 50 line and retested it as support for a short-term uptrend for XTZ. The amount of trading on the upside of the breakout was also high.

Dash [DASH]

Ethereum, Tezos, Dash Price Analysis: 29 December

Source: DASH/USDT on TradingView

Over the last few days, DASH has developed an ascending and inverted scallop pattern on the charts. This trend will be vindicated by a trading session close above the $113 resistance mark, followed by a move to $135 in the coming weeks.

However, before DASH is able to see a breakout, the OBV should emphasise increased purchase volume. Over the past few weeks, DASH has seen increased volatility, and OBV has shown that more sales than transactions have occurred in the past few days.

Moving above the downward trend line, OBV would suggest that a price rise would follow, and could see the resistance levels of $104 and $113 moved to support.

A step below the $100 psychological level might see a DASH dip to $93.

 

 360 Interactions,  2 today

READ ALSO:
Decred, Tezos, Waves Price Movement  Analysis for 7th  April, 2021

Decred was on the brink of disappearing under its up channel. Tezos broke above an ascending triangle and crossed $6.7 Read more

 Aave, Cosmos, Tezos Price Movement Analysis for 4th April, 2021

Aave was trading within a band and was approaching the range highs of $425. Cosmos kept the $19.8 support level Read more

Bitcoin Cash, Crypto.com Coin, Tezos Price Movement Analysis for 3rd April, 2021

As the price reached the $602.3-resistance mark, Bitcoin Cash's technicals showed a waning bullish presence. www.crypto.com In the short term, Read more

Tezos Price Movement Analysis for  1st April, 2021

Since the last week of February, the association between Bitcoin and Tezos has been increasing. However, as the end of 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

FTX Token, NEM, Tezos Price Movement Analysis for 28th March, 2021

For the next few sessions, FTX Token was expected to consolidate between $38.7 and $35.08. Meanwhile, the altcoins NEM and Read more

BAT, NEM, Tezos Price Moment Analysis for 27th March, 2021

The Basic Attention Token was hovering just above the $1 mark. As its downtrend progressed, NEM experienced considerable uncertainty. Tezos Read more

Tezos Price Movement Analysis for 25th March, 2021

Tezos is no longer in the same league as the crypto industry's giants in terms of market capitalisation. Interestingly, despite Read more

Algorand, DigiByte, Nano, Tezos Price Movement Analysis for 24th March, 2021

Algorand was projected to fall into the $1 mark, while DigiByte could reclaim its 50% Fibonacci retracement level as a Read more

 IOTA, Tezos, VeChain Price Movement Analysis for 23rd March, 2021

At the time of publication, the majority of the altcoin industry was bleeding as a result of Bitcoin's recent price Read more

Leave a Reply

Contact Us