Cryptotrading
Polkadot Price Potential For Positive Breakout Above 50-EMAThe technical chart reflects on the positive bounce back made by the price levels of Polkadot after touching the critical support area of $7.00 due to a downtrend from the past couple of trading sessions. A positive breakout above the 0.382fib level can surely be a bullish indication for the crypto asset for upcoming market sessions. On the contrary, a negative breakout from the falling channel pattern might indicate the existence of the bears.
The Relative Strength Index (RSI) looked to regain bullish levels after suffering negative breakouts to the oversold region while standing at 47.65.
The Schaff Trend Cycle (STC) has indicated a buying signal during the current market session indicating potential positive momentum for the coin.
The Moving Average Convergence & Divergence (MACD) has formed a bullish crossover and the levels will be looking for a positive breakout above the histogram line.
Price Levels Forming Rising Channel Indicating Ideal Entry PointThe technical chart of ADA highlights the gradual positive momentum built by the price levels which is followed by significant retracement after reaching the critical resistance zone of $0.35. The retracement ended up after the price levels touched the critical support area of $0.20 on the downside which helped to revive the positive momentum forming a rising channel pattern. A positive breakout above the 0.236fib level can surely be a bullish indication for the upcoming trading sessions.
The relative strength index (RSI) is also showcasing positive nature while standing at 59.86 and looking for a positive breakout to the overbought region.
The moving average convergence & divergence (MACD) also formed a bullish crossover and the levels looked for a positive breakout above the histogram line.
The commodity channel index (CCI) was also able to sustain in the overbought region reflecting on the positive sentiment for the crypto asset while standing at 98.02.
Resistance Level: $0.35
Support Level: $0.25 & $0.20
Will Chainlink Coin Price Have Positive Breakout From TriangleThe technical chart of Chainlink coin price reflects on the magnitude of the negative momentum faced during the past couple of trading sessions which was halted at the support level of $12.00. The price levels were able to revive positive momentum from the support level and will be looking for a positive breakout from the descending triangle pattern. For having a positive breakout, the price levels must break above the 0.382fib level.
The moving average convergence & divergence (MACD) has formed a bullish crossover and the levels looking for a positive breakout above the histogram line.
The relative strength index (RSI) has also regained bullish levels after facing multiple negative dips to the oversold region and currently stands at 51.87.
Resistance Level: $15.50 & $18.50
Support Level: $13.00 & $12.00
XTZ Price Arriving On Critical Support Level Due To Downtrend The technical chart of XTZ price focuses on the gradual positive momentum, which resulted in the testing of critical resistance present at $3.00. The resistance level provided significant bearish reversals which resulted in a negative breakout below the 0.382fib level. The price levels have also suffered negative breakout against 20-EMA and 50-EMA respectively. If the downtrend continues further, it is expected to found support at 200-EMA.
The moving average & convergence (MACD) also faced a bearish crossover and looked vulnerable to go below the signal line.
The relative strength index (RSI) has retraced back from the bullish regime while standing at 42.35.
The directional movement index (DMI) has also consolidated wherein ADX looked vulnerable for a negative crossover against -DI.
Resistance Level: $3.00
Support Level: $2.20 & $2.00
IOTA Price Reaches Critical Support Zone Amid Downfall of 20%The technical chart of IOTA reflects on the ongoing downtrend faced which resulted in a negative breakout below the 0.382fib level. The levels have now reached the support zone which lies between 0.5fib level and 0.618fib level. It is expected that the downtrend will be halted by the support zone and the price levels might be consolidated within the region or even bounce back if the overall market conditions take a positive turn from here. On the contrary, a negative breakout below the support line placed at 0.618fib level.
The moving average convergence & divergence (MACD) faced a bearish crossover and the levels looked vulnerable for a fall below the signal line.
The directional movement index (DMI) also showcased bearish nature as ADX looked vulnerable for a negative breakout against -DI.
Resistance Level: $0.45
Support Level: $0.35 & $0.32
BTCUSD : LOOKING FOR GREAT LONG OPPORTUNITY!BTCUSD is looking for great long opportunity to the upside move. Has the ascending channel, & has the bottom fill in it.
