Ethereum topped $ 1,400 but found a temporary high near $ 1,750 as selling pressure forced a retracement. Monero showed a bearish signal and could drop to $ 135 in the coming days, while the core attention token was very bullish on the charts.
Ethereum [ETH]
Source: ETH / USD on TradingView
Ethereum briefly broke the $ 1,700 mark but was pushed lower. The momentum has shifted in favor of the short-term bears. The RSI fell to neutral 50 and threatened to fall.
Further evidence of selling pressure can be seen on OBV, which has hit lower highs in recent days. This shows that the sales volume has recently exceeded the purchasing volume.
The highlighted demand region of $ 1,550 to $ 1,600 is where the bulls would try to force a rebound. Losing this region will likely see ETH testing the 23.6% retracement level at $ 1506.
Motto [XMR]
Source: XMR / USDT on TradingView
The price has peaked higher in the last few days. Even as the awesome oscillator signaled a waning bullish sentiment. This is a setup with two bearish peaks and a sell signal.
It was likely that XMR was on the verge of losing the $ 150 support level.
A session close below $ 148 would confirm an impending decline.
Basic attention token [BAT]
Source: BAT / USD on TradingView
Using the Fibonacci retracement tool for the Basic Attention Token jump from $ 0.177 to $ 0.379, some confluence between the retracement levels and established support levels is observed. BAT has had a bullish momentum. The MACD shows this and its trend since the breakout is above $ 0.27.
The 27% extension of the aforementioned move projects a bullish target of $ 0.46 for BAT, with $ 0.5 a significant resistance level just beyond. The $ 0.435 level could also see selling pressure enter.
On February 5, the MACD formed a lower high on the 4-hour chart even as BAT hit a higher high, but this divergence has likely already occurred as BAT saw a drop of 8.5 % during subsequent trading sessions. Since the dip to $ 0.341 BAT has recovered and was trading at $ 0.378 at the time of writing.
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