Bitcoin Cash registers bearish divergence. He was likely to test the support level of $ 414 during the next trading sessions. Polkadot was likely to see a breakout beyond $ 10.5 to hit $ 11.5, provided he didn’t lose the $ 9.5 region. OMG Network is strongly bullish, but could see a pullback to $ 3.49.
Bitcoin Cash [BCH]
Bitcoin Cash notes a bearish divergence between price and momentum as it neared the resistance level of $ 460. The volume of trade was moderate and the Stochastic RSI also flashed overbought.
The most recent trading session sees BCH register losses. Which makes it likely that BCH could see a move towards support at $ 414 over the next few hours.
This movement, however, would only be a setback. Indeed, the trend behind BCH was bullish and further gains can be expected over the next few days.
The DOT appears to form an ascending triangle pattern on the charts. A bullish pattern that highlighted a breakout to the upside. Closing a trading session below $ 9.51 would invalidate this idea.
TheOBV notes strong buying volume behind recent DOT gains. The volume of transactions is rising, although the upward momentum is slowing down.
A close above the pattern would confirm a breakout. A close below $ 9.51 would imply that we could test $ 9 over the next few days.
The outlook for DOT was bullish. A move towards $ 9 was seen as a pullback.
OMG Network [OMG]
The 20 SMA (white) on the 4 hour chart was racing to catch up with the strongly bullish OMG. Several resistance levels reverse to support over the past week. But a slight pullback also seemed to be on the cards.
In the short term, the $ 4 level was of interest to the bulls and bears. The selling pressure is pushing the price down as it tried to break above $ 3.9 in the past 24 hours.
The MACD shows that bullish momentum was still present, but had slowed down. Over the next few hours, the $ 3.7 and $ 3.49 levels will be of interest to the bulls.
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.