BNB has managed to breach resistance levels of USD 20 to attain a new high of USD 21. BCH has been range bound for the last 24 hours seemingly portraying a market that may be headed south. EOS has also been on a sideways market with indications that it may dip further.
The last 24 hours have seen BNB breach resistance levels set at USD 20 and attain a high of USD 21. This positive rally could mainly be attributed to the success of their coin burn. The market was range-bound in the past 24 hours within support at USD 19.5 and resistance at USD 20.
However, bullish engulfing saw this sideways market breached to the upwards and the currency managed to rally and achieve a high of USD 21. Three white soldiers candlestick pattern seem to suggest that the bulls may push the price even further up.
The RSI is currently over 70(overbought levels). The three white soldiers candlestick pattern may also indicate that we expect a further rise in price. However, traders ought to be cautious and place their support levels at USD 20.5 as the price rallies even further.
BCH has been range bound for the last 24 hours seemingly finding resistance at USD 315 and support at USD 304. The market seems to be on consolidation after the recent rally that saw the price rise from USD 285. The MAs are also intertwined seemingly portraying a market that has lost momentum as the next price movement is sought.
The RSI is between the levels of 40 and 60 seemingly portraying a market that has lost momentum as the next price movement is sought. It is however currently pointed to the southwards headed towards the level of 40.
We should expect a dip in price with support at USD 304. Once the price bounces back from this, traders can expect it to either pull a double bottom and attain a new high, breaching its resistance levels or rise to a high of USD 315 where it will experience resistance.
The last 24 hours have seen EOS trade on a sideways market seemingly finding resistance at USD 5.57 and support at USD 5.45. The RSI has also been hovering between the levels of 40 and 60. This may indicate a market that is waiting for the next price movement. The three black crows formed in the last few hours seemingly portray a market that may be headed south.
Traders can expect a market that may head south. Temporary support levels can be placed at USD 5.44. If this is breached then the market may take a southward dive and the next support levels may be at USD 5.25.