Cryptotrading
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.
