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]
Source: BCH / USDT on TradingView
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.
Spotted [DOT]
Source: DOT / USDT on TradingView
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]
Source: OMG / USD on TradingView
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.
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