Tron has formed an uptrend on the charts with its buyers firmly in control of the market. Aave was undecided on his next move, but his long-term outlook remained sharply bullish with no reversals on hand. Finally, Verge quickly recovered from a market downturn and targeted a move beyond its local high.
TRX formed a symmetrical triangle supported by a drop in trading volume. TheOBV made a series of higher lows to indicate that buying volume was exceeding sellers, even over the hourly period.
This indicated a breakout to the upside for TRX. A possible new test of the lower ascending trendline could be observed. Therefore, the $ 0.05 region presents opportunities to buy TRX, with a stop-loss set below the triangular pattern at $ 0.047.
A breakout higher would target previous highs at $ 0.062.
Aave has gradually slipped lower on the charts following the massive gains recorded in recent weeks. In the long term, its trend seems to be strongly bullish. However, the short to medium term outlook suggests that some correction could be seen in the coming days.
There are two levels to watch out for – $ 473 above and $ 430 below. A move out would underscore market sentiment for AAVE.
The Stochastic RSI increased towards the overbought zone even as the RSI stayed below 50 to highlight that a downtrend was underway. A move above or below the above mentioned values on loud volume would be a sign of increasing momentum in that direction.
After posting a local high of $ 0.029, XVG was forced to pull back a bit to $ 0.022, but buyer demand was strong and pushed the price back above the 23.6% retracement level.
This recovery was rapid and the bullish sentiment seemed to be in favor of the market declines. Another test of the $ 0.029 level and a move above the same level also seemed likely.
On the Directional movement index, the + DI (blue) rose decisively above 20 even as the ADX (yellow) fell towards the same value. This showed that an uptrend was underway. Finally, the Chaikin Money Flow exploded to highlight the net flow of capital to the market.
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