Fear increased as Bitcoin re-entered the $ 47,000 zone. As a result, altcoins such as Binance Coin, Tron and EOS showed a moment of recovery.
The planted ciphers fell below their 20-50-200 SMA as the bears clearly showed their edge.
Binance Coin (BNB)
Source: TradingView, BNB / USDT
Over the past few days, BNB has formed a symmetrical spread wedge (green) on the 4-hour chart. The last rise saw a sharp reversal after the coin hit a two-week high on December 27, close to resistance at $ 569.
After nearly 6% retracement in the last two days, BNB has found a test site with a $ 532 mark, below $ 550. This level was also consistent with the lower trend line (green).
At the time of the press, BNB traded below 20-50-200SMA for $ 537.5.The RSI Standing at the 43 mark, he showed some signs of a resurgence.The DMI I resonated with the bear, ADX It showed a weak directional trend of altcoin.
TRON (TRX)
Source: TradingView, TRX / USDT
TRX witnessed the collapse of a symmetric triangle on December 17, while feelings of fear soared. Since then, Alto has steadily marked lows and lows until December 23, after vibrating in the down channel (yellow).
After losing the significant $ 0.078 level (4 months of support), the Bulls quickly regained this mark, but could not exceed the $ 0.082 level. They retested this level twice, but succumbed to a wider range of sold-outs. As a result, TRX withdrew, but $ 0.078 was still good support.
Now, Super trend Finally I jumped into the red zone. At the time of press, TRX traded at $ 0.07857.The RSI Always marked a low low and struggled to keep itself above the midline.The DMI The bearish bay flashed while the ADX shook into the weak directional trend zone.
EOS
TradingView, EOS / USDT
EOS has seen a symmetric triangular breakout in the last nine days. Bears have retested the $ 3.09 level many times, but the Bulls have maintained their position. They pushed the rally over 12% (from the December 20 lows) and broke above $ 3.4, but EOS saw a pullback from 200 SMA (cyan).
alt has re-founded a range of fluctuations between $ 3.4 and $ 3.09 over the last 20 days. Now, Squeeze momentum indicator A flashing gray dot indicates a high volatility stage.
At the time of the press, EOS was trading at $ 0.0.The RSI It was near an oversold area after showing some signs of a comeback. also, Great oscillator Depicted the impact of visibly increased sales.
