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
CoinDesk's On Tap Meetup With CoinDesk Japan Is Happening Tonight In Tokyo
We'll see you tonight at our Tokyo On-Tap event produced in cooperation with the amazing team at CoinDesk Japan.
BNB Gains 23% Plus Other Top-5 Cryptos This Week: LINK, HT, XRP, TRX
Though the bulls pushed the price above $2.8498 during the week, they have not been to sustain the breakout.
Privacy Coin Zcash Community to Develop Wrapped Token for Ethereum
The privacy-focused cryptocurrency Zcash is seeking access to Ethereum's decentralized finance ecosystem.
Telegram Responds to Investors on SEC Action, Hearing Set for Oct. 24
Telegram Open Network developers responded to its investors after American regulators abruptly announced that its $1.7 billion token sale was illegal.