Uniswap Sellers Stop But RSI Develops Bearish UNI Price Divergence
Cryptocurrencies have been suffering higher volatility since the bear took control. For example, the fledgling crypto coin Bitcoin price plummeted to a low of $18,363 on Oct 13 and then reversed to $19,354 today. Unlike the other top coins creeping, Uniswap’s native token, UNI, marks higher gains. Although its price touched $5.50 when BTC plummeted on Thursday, UNI added over 14% following the day and claimed a $6.49 high. At the time of writing, the token’s value hovers around $6.20, up by 0.96% in the last 24 hours. The Uniswap market cap also indicates a bullish trend,....
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Key Highlights. Dash price continued to find support around 0.0116BTC where sellers struggled time and again. There is an RSI divergence formed on the hourly chart, which is signaling more gains in the near term. A break above 100 MA may push the price higher moving ahead. Dash price nonstop consolidation might be setting up for a nasty move having the potential to test 0.0124BTC. Break Possible? We have been following a bearish trend line on the hourly chart, which continues to stall gains and pushed the price back lower. There is a monster support building around 0.0116BTC that can be....
Litecoin, much like bitcoin has been sliding steadily since a couple of weeks ago. Also, both cryptocurrencies saw a 3-point bullish divergence between price and the RSI (price made 3 lower lows as the RSI made 3 higher lows). Litecoin (LTCUSD) 1H Chart April 16. In the 1H chart, we can see that after making a low at 1.32, price rebounded to about 1.42. Then, there was a bearish attempt which failed to push lower. Instead price held mostly above 1.35 and is now coming back up to 1.40 again. This basically shows a consolidation against the prevailing downtrend and price is poised to....
The Uniswap price had risen to almost $6 on its chart, but the bulls were unable to maintain that level. Over the last 24 hours, the coin again lost momentum and fell south on its chart. Over the last 24 hours, UNI registered a 0.9% increase in its price. In the past week, the coin negated most of its gains and lost 1.2% of its market value. The Uniswap price technical outlook was bearish, and selling strength was higher, causing the price to drop further on its chart. Although Uniswap tried to move in a different direction than the broader market, the bulls gave up. Bitcoin also lost the....
Bitcoin price could be due for a selloff at this major resistance level, as the market is overbought and profit-taking could happen. The 100 SMA is still above the longer-term 200 SMA so the path of least resistance is to the upside. Also, the gap between the two moving averages is widening and this indicates that bullish momentum is getting stronger. However, stochastic is indicating overbought conditions and is ready to turn lower, possibly drawing sellers back to the mix. Similarly RSI is heading south so price could follow suit. More importantly, bitcoin price is showing a bearish....
Many Bitcoin analysts agreed that Bitcoin would stop rallying after its price hits $14,500. The cryptocurrency looked overbought on medium-term timeframes, a technical alert that typically amounts to a downside correction. But the bearish calls took a backseat on Thursday as Bitcoin extended its upside above $14,500, coming less than a hundred dollars closer to […]