EOS was strongly bullish on the price charts, with EOS poised to climb above $ 5 once more. Cosmos saw its recent momentum stop abruptly as Dash formed an uptrend on its 4-hour charts.
The area highlighted around $ 4.4 has served as the demand region for EOS in the past. The RSI climbed back above 50 in recent trading sessions to once again underline the bullish momentum.
This shows that EOS once again seemed poised to climb above $ 5 and target the previous high at $ 5.5. The inability of market declines to force price into the demand region is a sign of bullish strength, and the $ 5.5 and $ 6 levels above will likely be targets for EOS over the next few days.
Using two sets of retracement levels for the ATOM move up to $ 19, it can be seen that the extension levels of 27% and 62% have proven to be useful in delineating areas of supply and demand. The $ 25 to $ 26 region was a supply region, at the time of writing.
In the short term, theAwesome oscillator shows neutral momentum in the ATOM market, although trading volumes have fallen. The price peaked lower, signaling a brief phase of consolidation and possibly even a pullback.
A breakout beyond $ 26.4, as well as a retest of $ 22, will both present buying opportunities for ATOM. The momentum is still strongly in favor of long-term bulls. A breakout beyond $ 26 is likely.
Dash has made huge gains over the past few weeks. In the short term, the coin has formed an ascending triangle pattern on the charts. This pattern usually sees a bullish breakout. A close below the pattern would invalidate a northward move and likely point to a retracement.
The MACD formed a series of lower highs to highlight exaggerated bearish divergence. A move below $ 240 to $ 250 would be a big blow to market bulls.
The Visible range volume profile shows that trading activity is most notable at $ 260 over the past few days. This region would drop the DASH to around $ 220.
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