At the moment, ethereum classic is trading above the 7 MA which is a bullish sign, but if the bearish formation is validated this cryptocurrency could go down to test the 30 or 50 MA. It will be wiser to wait for a move above the previous high before entering a bullish trade.
A move higher could only be expected if ontology is able to trade above the recent high of $1.72.
Based on the 3-day chart, the market valuation of OmiseGo has been squeezing between the 7 and 100 moving average.
Now that OmiseGo reached the top of the range where it has been trading for over a month, it could be expected that it will go down to test the $1.85 support level.
Now, REP retraced to $19 and has been trading below the 7-three-day moving average, which is a bearish sign.
The 30 MA seems to be holding its price from a further drop, but if it is no longer able to hold augur could fall down to the 50 MA, which sits at $17. On the 1-day chart, it can be seen how augur was trading above the 50-day moving average since early March, but on May 21 it moved below it.
The levels watch out for are whether augur will move up past $21.4 resistance or drop below $18.6 support.
It appears to trade within a price range for a while before moving up to another price range.
From late January until late March it traded between $0.27 and $0.23 following a breakout that has it now trading between $0.36 and $0.27 since the beginning of April.
A move above this trading range could take ZRX to $0.45, where it could consolidate before a higher move, but a break move below could take it back to $0.23.
Up, down, or sideways? Ethereum Classic, Ontology, OmiseGo, Augur, 0x technical analysis
pubblicato su May 31, 2019
by Cryptoslate | pubblicato su Coinage
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