After hitting a low of $0.10 on Feb. 6, Basic Attention Token has risen almost 400 percent to reach a yearly high of $0.50 on Apr.
This is a bearish formation that if validated could take Basic Attention Token down 33 percent to test the 200-day moving average, which is currently trading around $0.22.
On the 4-hour chart, Basic Attention Token has been trading between $0.34 and $0.39 since May 13.
On the 1-day chart, Dogecoin can be seen trading between $0.0028 support and $0.0036 resistance.
A break below support could take DOGE to the $0.0024-$0.0022 accumulation zone, while a break above resistance could take it to test the $0.0046 level.
Now BitTorrent has broken above resistance after testing the $0.0013 high.
A break above resistance will take RVN to new highs while a break below support could take it down to around $0.026, where the next level of support sits.
RVN is trading on a green two out of nine candlesticks, but a break above the $0.065 trendline could validate the bullish signal and take this cryptocurrency out of the consolidation zone to new highs.
A break above the parallel channel could take ENJ to new all-time highs, while a break below could be the beginning of a correction in its market valuation.
On the 4-hour chart, Enjin Coin is trading above the 7 MA, which is a bullish sign.
Altcoin outlook: Basic Attention Token, Dogecoin, BitTorrent, Ravencoin, Enjin technical analysis
gepubliceerd op May 27, 2019
by Cryptoslate | gepubliceerd op Coinage
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