IOTA (IOTA) has been reducing since Feb. 19, however has bounced at an necessary Fib retracement stage.
Together with IOTA, Zcash (ZEC) has damaged out from a long-term resistance space at $110 and validated it as assist afterward. Equally, QTUM has damaged out from and validated the $4.80 space as assist.
IOTA has been shifting downward since reaching a excessive of $1.70 on Feb. 19.
Whereas it has created a bearish candlestick on the weekly timeframe, IOTA has bounced on the 0.5 Fib retracement stage and managed to achieve a detailed above the 0.382 Fib at $1.07.
Moreover, technical indicators are bullish, as evidenced by the bullish cross within the Stochastic oscillator (inexperienced arrow), suggesting that the development is bullish.
If IOTA resumes its upward development, the following closest resistance space could be discovered at $2.52.
The IOTA/BTC pair can also be bullish, for the reason that chart exhibits a breakout from the 2200 satoshi resistance space and its subsequent validation as assist.
Regardless of a bearish cross within the day by day timeframe, each the MACD & RSI are nonetheless bullish. Due to this fact, so long as IOTA doesn’t attain a detailed beneath the 2200 satoshi space, it could be anticipated to proceed rising in the direction of the following closest resistance at 3500 satoshis.
- Lengthy-term indicators for IOTA/USD are bullish.
- IOTA/BTC is buying and selling above assist at 2200 satoshis.
Whereas ZEC has been reducing since Feb. 19, creating a big bearish candlestick final week, it has returned to validate the earlier resistance space at $110 as assist.
So long as it’s buying and selling above this stage, the development is taken into account bullish and ZEC is anticipated to proceed rising.
Technical indicators are bullish for the reason that Stochastic oscillator has made a bullish cross and the RSI has generated hidden bullish divergence.
If ZEC continues rising, the following resistance space could be discovered at $345.
The ZEC/BTC pair doesn’t look as bullish as its USD counterpart.
Whereas ZEC has been rising since reaching an all-time low value of 16,065 satoshis, it’s nonetheless buying and selling beneath the earlier breakdown stage at 38,000 satoshis.
Till ZEC reclaims it, we can not think about the development bullish.
Equally, whereas indicators are displaying bullish indicators, we can not affirm the bullish development reversal till the RSI crosses above 50 and the Stochastic oscillator makes a bullish cross (inexperienced circle).
- ZEC/USD is buying and selling above assist at $110
- ZEC/BTC is buying and selling beneath the 38,000 satoshi resistance space.
The worth motion for QTUM is much like that of ZEC. After buying and selling beneath the $4.80 resistance space since Jul. 2018, QTUM managed to interrupt out at first of February and reached a excessive of $8.98.
Final week’s lower has taken QTUM again to the $4.80 space, which is now anticipated to behave as assist. Each the MACD & Stochastic oscillator are rising, and there even is a hidden bullish divergence within the weekly RSI, a powerful signal of development continuation.
If QTUM continues rising, the following closest resistance space could be discovered at $8.80.
The QTUM/BTC pair has been shifting upwards since an all-time low of 636 satoshis was reached on Dec. 28.
Nevertheless, QTUM has didn’t reclaim the 1800 satoshi resistance space, which is the earlier breakdown stage.
Regardless of the doable bullish cross within the Stochastic oscillator, we can not think about the development bullish till QTUM reclaims the 1800 satoshi space.
- QTUM is buying and selling above the $4.80 assist space.
- QTUM/BTC is buying and selling beneath resistance at 1800 satoshis.
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