Polkadot showed a bearish divergence in a shorter time frame and saw a slight dip towards $ 38. Ontology looked like it was on the verge of a big rally again, while Bitcoin SV saw a support level shifted to resistance at $ 240.
Over the one hour period, a bearish divergence between price and momentum was observed, and thereafter, DOT faced a correction. This decline was halted at $ 38.19, and the coin could see further gains again.
The RSI did not move below the neutral 50 line to indicate that the upward momentum was holding even in the short-term time frame. OBV has fallen over the past two days, but the long term OBV trend is still in favor of buyers.
Below the $ 38 level, DOT can expect to find support at $ 34. However, such a drop is unlikely to occur in the next few days.
ONT formed a bull flag pattern, with the descending channel (cyan) forming the flag. A breakout of this pattern would set a target of $ 1.8 for ONT bulls to hit.
That said, the flag descent measures nearly a third of the value of the previous value increase. Any further loss to ONT below $ 1.38 would likely invalidate the flag set.
The directional movement index shows a strong uptrend in progress. While the ADX (yellow) is moving well above the value 20.
Bitcoin SV [BSV]
Bitcoin SV faced severe opposition at the $ 270 price bracket. Last month, Bitcoin SV had gone above $ 280 but not above $ 300. The previous month’s rejection at $ 300 saw BSV slide to $ 160. And it could be repeated in the coming weeks.
Over the next few hours, we can expect BSV to retest the resistance at $ 237. And it is moving towards $ 215. The Awesome Oscillator and the MACD showed that the bearish momentum is on the rise.
To congratulate you we are going to offer you our free method of investing in cryptocurrencies simply and automatically with the objective of generating regular income while protecting your capital as much as possible.