The previously mentioned bearish signals can be invalidated if EOS breaks above the recent high of $4.24.
If IOTA is able to move above this moving average, the next level of resistance that it could test on its way up is around the 150-three-day moving average at $0.41.
The continuation of the uptrend depends on IOTA's ability to break above the 100-three-day moving average.
A candlestick close and an open above the 100-three-day moving average, in combination with a spike in volume, could be taken as a sign that the uptrend is likely to carry on.
Before any conclusion can be made on whether LINK is bound for a major move, it's necessary to look at the moving averages on its 1-day chart to determine what scenario is more likely.
If Chainlink is able to regain the 150-day moving average as support it could try to go up and test the resistance given by the 100-day moving average.
LINK seems to be currently breaking below the 150-day moving average, signaling a retest of the 200-day moving average.
If this cryptocurrency is indeed on its way down to the 200-day moving average, this level must hold or Chainlink will be worth $1.15.
At the moment, it is important to pay attention to both the 150 and 200-day moving average as they will determine the future market valuation of LINK.Overall Sentiment.
EOS is forming an evening doji star, IOTA is fighting a major resistance level, and LINK lacks sufficient volume to rebound from current levels.
EOS, IOTA, and Chainlink showing mixed signals as Bitcoin consolidates
gepubliceerd op Sep 20, 2019
by Cryptoslate | gepubliceerd op Coinage
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