It was above 20/50 EMA when King Alto finally discovered that it was above the $ 2,600 level. Now that I have shown a technical and bullish edge, I tried to challenge the reversal pattern on the 4-hour chart.
Cosmos faced a strong rejection of the $ 27 high, while its 20 EMA remained a hurdle. Meanwhile, the Near managed to get out of that pattern, but the RSI still needed more than 50 closes to see the change in momentum.
Ethereum (ETH)
Source: TradingView, ETH / USD
Since ETH was below the $ 3,200 mark, we found a range of fluctuations between the above mark and the $ 2,300 base.
After falling from ATH, the bearish phase pulled ETH to its first six-month low on January 24, losing more than half of its value.Recently, ETH saw Morningstar’s candlestick pattern and pushed just above it. 20/50 EMA. Now, the upper trend line of the down channel has created a direct barrier to the bulls.
At the time of the press, ETH was trading at $ 2,640.2.strong RSI Soaring from the 37th floor. Just above the 58 mark, it is placed to test overbought areas. again, CMF We crossed the midline and confirmed an increase in the amount of funds for cryptocurrencies.
Cosmos (ATOM)
Source: TradingView, ATOM / USDT
Since falling from the $ 43 mark, alt has continued its sharp decline by marking low mountains and valleys. Due to the recent sale phase, ATOM lost nearly 30% of its value (from February 17th) until it hit its two-month low on February 24th.
This was followed by the Bulls intervening as the Alto climbed on the rising wedge (white), snapping the trendline support and regaining the $ 25 mark. Now, 20 EMA (Red) will be an imminent hurdle for bulls.
At the time of the press, ATOM was trading at $ 26.93. The RSI Wedge growth has risen, but it has been difficult to overturn the midline. Below this pattern can lead to short-term withdrawals. Moreover, Super trend It was still in the red zone and supported the selling momentum.
Near Protocol (NEAR)
Source: TradingView, NEAR / USDT
Since its ATH, NEAR has lost more than 64% of its value and plunged towards its 11-week low on February 24th. It lost that important price point because the bear was in the driver’s seat.
NEAR adhered to Trendline support while jumping towards $ 7.6 long-term support. As a result, it bounced back to witness the three-week trendline support (white, dashed line). As a result, a down channel (white) was displayed to test the $ 10.3 mark.
At the time of the press, NEAR was trading at $ 10.128. The RSI We saw patterned growth, but it was not yet out of equilibrium. again, AO Responded to the increasing impact of purchases as it approaches the zero line.
