Bitcoin SV tested the $194.5 level as resistance and attempted to climb above. Uniswap was forced beneath the $25.5 level and showed that bearish momentum could have taken hold in the short-term while Dogecoin was quite volatile over the past few days and formed a bullish pattern.
Bitcoin SV [BSV]
Source: BSV/USDT on TradingView
The trading session preceding the one at the time of writing tested and attempted to rise past the 50% retracement level at $194.5. The Chaikin Money Flow was rising, and the MACD showed neutral momentum. This could change if bulls steered the price above $194 to $197 and retested the $194.5 level as support.
This would indicate that bulls were slowly finding the strength to push the price to the $204 mark. However, the $197 region has rejected the bulls’ attempts multiple times in the past couple of days, and another rejection can not yet be ruled out.
Uniswap [UNI]
Source: UNI/USDT on TradingView
The RSI sank below neutral 50 and retested multiple times as resistance as UNI gradually sank beneath the $25.5 mark. The confluence between the retracement levels drawn for UNI’s move to $32.99 from two different points gave some added weight to the $25.25-$25.5 region as a region of resistance.
This confluence also indicated that the next support for UNI lies at $23.57. The Stochastic RSI attempted to climb back above oversold territory.
If UNI is unable to close above the $25.5 region over the next few hours, the $23.57 level can be looked at as a buying opportunity based on the reaction of the price over the next couple of days.
Dogecoin [DOGE]
Source: DOGE/USDT on TradingView
From $0.06 to $0.0432 is a drop of nearly 30% that DOGE witnessed in the past week. Almost as quickly, DOGE recovered and was sitting atop the $0.054 level of support at the time of writing.
The price formed a descending triangle pattern, and an upside breakout from this pattern on high trading volume will likely see DOGE move to $0.059. The Aroon indicator showed that the past couple of days saw some strong volatility as the short-term losses were very quickly replaced by a strong recovery move off $0.0432.
Levels to watch are $0.054 and $0.06 as support and resistance over the next few hours.
