The EOS market notes a bearish presence. The same is likely to push the crypto price south slightly towards $ 2.6. The Basic Attention Token appeared to be moving out of a range supported by significant trading volume. Dogecoin was in a consolidation phase and was trading sideways on the charts without strong momentum.
EOS
Source: EOS / USDT on TradingView
The RSI floated just below the neutral value of 50, unable to move above and likely indicative of an upcoming downtrend. The price, more importantly, recently tipped the $ 2.73 level to support it. It is attempting a push to the next resistance level at $ 3.
This session (cyan) sees market bulls pushing prices up to $ 2.93, but bears have stepped in. They lowered the price to test the support at $ 2.6. This highlighted a lack of bullish strength.
Their presence in the market should be emphasized again. We can expect EOS to slowly descend back to $ 2.6. If it does not act as support, the price could drop to $ 2.44 in the coming days.
Basic attention token [BAT]
Source: BAT / USD on TradingView
The range between $ 0.27 and $ 0.2 is where BAT has been trading since late November. On the 6 o’clock charts it appeared that BAT was heading for a break above this range. The trading volume for the most recent session was extraordinary, indicating market conviction.
The MACD forms a bullish cross and has moved above zero to emphasize the bullish momentum. However, the $ 0.292 mark continued to be a thorn in the side of the bulls. It can be expected to slow down the rise in the price of BAT.
Another rejection at $ 0.292 could see BAT drop sharply into the range it was trading in.
Dogecoin [DOGE]
Source: DOGE / USDT on TradingView
After its explosive drop from $ 0.0045 to $ 0.01, DOGE has spent the last few weeks in a phase of consolidation. Using this phase’s swing up and down for DOGE, and Gann’s rule of eight, some potential support and resistance (yellow) levels can be plotted on the charts.
We can see that DOGE has respected these levels. TheAwesome oscillator shows a definite lack of momentum in both directions for DOGE.
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