EOS, LINK, and XTZ are signaling a further advance

gepubliceerd op by Cryptoslate | gepubliceerd op

Trading within these support and resistance levels poses high-risk exposure.

A close below $3.35 could take this cryptocurrency to test the next levels of support around $3.10 and $2.70.

On the other hand, a spike in volume that gets EOS to move above the $3.62 resistance level could validate the double bottom seen on the 3-day chart.

Such a bullish move could allow it to rise to the following levels of resistance at $4.10 and $4.50.Chainlink.

If LINK can bounce off the $2.84 support level, it could surge to hit a target of $3.60.

Based on its 12-hour chart, it seems like the 38.2 percent Fibonacci retracement level would have to hold so that LINK can reach higher highs.

The strength of the 38.2 percent Fibonacci retracement level would determine whether Chainlink is bound for a further correction or a bullish impulse.

Closing above the 38.2 percent Fibonacci retracement level would imply that XTZ is breaking out and could be aiming for a 78 percent upswing.

Conversely, closing below the 50 percent Fibonacci retracement level could signal a further correction to the 61.8 percent Fibonacci retracement level that sits at $0.90.

An increase in the selling pressure behind this crypto could even take it to the 78.6 percent Fibonacci retracement level at $0.64.Overall sentiment.

x