Cryptotrading
Dash Coin Price Aiming For Three DigitsThe technical chart of Dash highlights the retracements faced by the price levels at regular intervals while facing major resistance at 0.786fib level. After touching the critical support level of $85.00 residing at the neutral line of the retracement table, the price levels have bounced back positively forming a rising channel pattern. A positive crossover above the 0.786fib level can surely be a bullish indication for the upcoming trading sessions.
The relative strength index (RSI) is showcasing positive nature while standing at 55.82 targeting the overbought territory.
The moving average convergence & divergence (MACD) has formed a bullish crossover below the signal line and looked to gain further positive levels on the chart.
The directional movement index (DMI) is showcasing sideways nature as ADX and -DI levels got consolidated with each other on the chart.
Resistance level: $98.00 & $100.00
Support level: $90.00 & $85.00
EOS Coin USD Provides Positive Breakout Above $3.00 The technical chart reflects on the magnitude of the bullish momentum by the price levels from the past couple of trading sessions. The bulls hinted at their arrival by having a positive breakout above the major resistance line placed at 0.382fib level. Thereafter, the price levels also had a positive crossover above the bullish line of 0.236fib level and currently sustaining above it. The crypto asset has formed a symmetrical triangle pattern in the bullish regime and will be looking for a positive breakout in the upcoming market sessions.
The relative strength index (RSI) has retraced back from the overbought region probably because of the current resistance level of $3.50 acting.
The moving average convergence & divergence (MACD) has also formed a bearish crossover and showcasing negative nature above the signal line.
The directional movement index (DMI) is resembling bullish nature as ADX moves well-above +DI and -DI respectively.
Resistance Level: $3.50
Support Level: $3.20 & $2.50
OMG Network Live Price Heading Toward Critical Resistance ZoneThe technical chart of OMG Network highlights the significant retracement faced by the price levels after touching the critical resistance area of $5.00. The price levels went straight down to the critical support area of $2.50 resulting in almost 50% retracement. The support level did provide a positive bounce back to the support levels and during the current market session, the price levels looked to have a positive crossover above the resistance line placed at 0.618fib level.
The Relative Strength Index (RSI) is constantly retesting the overbought region while sustaining at the bullish level of 60.77.
The Moving Average Convergence & Divergence (MACD) looked vulnerable for a bearish crossover after gaining significant bullish levels above the signal line.
The Directional Movement Index (DMI) is showcasing bullish nature as ADX had a positive crossover against +DI.
Resistance Level: $4.00 & $4.90
Support Level: $2.90
Polkadot DOT Can Slip Below Its Daily Support LevelThe weekly technical chart of Polkadot highlights a positive trend built by the coin. We can see a sudden spike in price movements on Thursday's trading session. The price is currently sitting at $9.96, with the resistance zone placed at $10.11 with the following support zone of $9.85. The price is testing the support trajectory. One can see a bullish trend soon if the price reaches above its resistance zone.
Meanwhile, the Relative Strength Index (RSI) with a value of 49 indicates that the coin is performing downward and forms a descending parallel channel on the index.
The Moving Average Convergence Divergence (MACD) had a bearish crossover signal line on January 7, 2021, indicating a potential of negative retracement in the coin. The histogram also started to form red bars after the crossover.
The Schaff Trend Cycle (STC) indicator shows a selling signal for the coin with the value of 16, stipulating Polkadot can fall below its given support and soon be in an oversold region.
